Pages:
Author

Topic: Beaware North Korean Hackers are targeting exchanges! (Read 778 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
I think this is no news, hackers had been targeting exchanges and other financial institution to get out of these institution.  Though it is surprising that North Korean Hackers are targeting Cryptocurrency eschanges when they can try to hack international banks. Though probably it is because of the decentralized system and the full access on the address right after it was transferred.  Though this should had been a news all over the globe if it is true.
Banks have more money but they can always get that money back some way or another but with bitcoin this is not the case once that bitcoin is in your wallet then there is no way to get it back, I think this is what is making bitcoin attractive not only to North Korea hackers but to hackers in general.
hero member
Activity: 3080
Merit: 603
North Korean hackers are targeting cryptocurrency exchange sites. This is the result of the recent sanctions that the united nations has made on North Korea. It has been said that North Korea is also planning to start mining at a very large scale to overcome those sanctions.

http://money.cnn.com/2017/09/12/technology/north-korea-hackers-bitcoin/index.html

What's new about hacking the exchanges? It's never been old as hackers are keeping an eye all the time on where it has a big money on it's business. But North Korean hackers, seriously as I watched in some documentaries they are also good in information technology is this what Kim Jong Un teaches them? And the famous reminder that don't store your bitcoins on an exchange should be followed.
hero member
Activity: 966
Merit: 500
North Korea is much smarter than most North Americans are led to believe by our governments. The reality is they are a highly technical country with Nuclear weapons and top-notch hacking skills. We must take them seriously!
full member
Activity: 168
Merit: 100
Exchanges are a dream for every hacker. One exchange hacked and the hacker become rich.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
This is the new, modern day warfare. I agree with Trump, its time to finally deal with the NK problem. It has been put off far too long, and now look at the situation the world finds itself it.
The problem with North Korea is that is not really a country it is closer to a cult, where the leader is everything, even if all the North Korea leaders disappeared overnight, you have a population that has been completely brainwashed, so I do not see how the problem is going to disappear anytime soon.
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
Another FUD with no proof? Hackers all around the world want to target exchanges, even if they aren't BTC.

There is some proof. See the CNN report here: http://money.cnn.com/2017/09/12/technology/north-korea-hackers-bitcoin/index.html

Quote
FireEye says it has identified three attacks against South Korean cryptocurrency exchanges that took place between May and July, all of them linked to North Korean hackers. The spike in activity began soon after the U.S. said it planned to ratchet up sanctions against North Korea.

FireEye identified the North Korean group behind the bitcoin attacks as TEMP.Hermit. Other security firms have linked the group to past high-profile cyberattacks, including the hacking of Sony Pictures in 2014.

As indicated, though, the scope of the attacks is much more limited than the OP suggested. These attacks are primarily aimed at South Korea. But this is certainly a good opportunity to consider one's security in regards to exchange accounts. Phone number porting is becoming more and more problematic these days; you should always use a form of 2FA that cannot be socially engineered.
hero member
Activity: 504
Merit: 512
Another FUD with no proof? Hackers all around the world want to target exchanges, even if they aren't BTC.

North Korea also has an electricity problem



I doubt that would be profitable for them to mine.

And at most 1800 BTC can be mined by days by EVERYONE in the network, how much would they get with mining?
member
Activity: 111
Merit: 10
with last decade equipment and highly monitored nw ok, here i go catch some popcorn and watch this
full member
Activity: 1582
Merit: 132
BK8 - Most Trusted Gambling Platform
North Korean hackers are targeting cryptocurrency exchange sites. This is the result of the recent sanctions that the united nations has made on North Korea. It has been said that North Korea is also planning to start mining at a very large scale to overcome those sanctions.

http://money.cnn.com/2017/09/12/technology/north-korea-hackers-bitcoin/index.html



Is it true ? Is this not propaganda news ? I think they will think many times before doing the execution. how do they know NK hackers will act?
full member
Activity: 532
Merit: 107
Recently lots of spam email about bitcoins offer and stuff, beware of those spam, don't open it just delete or put it ion junk mail.
legendary
Activity: 1946
Merit: 1007
I would be much more scared of the hackers that people don't know of. If you read about the blogs of exchanges sometimes it is clear that there are thousands upon thousands of hacking attempts daily.

There is so much to gain that they simply have a huge target on their backs.
sr. member
Activity: 602
Merit: 265
Old news, south korea’s top crypto exchange bithumb, the world’s fourth largest exchange, was hacked in late June, while the country’s top ethereum exchange is said to have lost over $1 million via a breach earlier this month. They suspect NK hackers.
hero member
Activity: 2282
Merit: 505
I think this is no news, hackers had been targeting exchanges and other financial institution to get out of these institution.  Though it is surprising that North Korean Hackers are targeting Cryptocurrency eschanges when they can try to hack international banks. Though probably it is because of the decentralized system and the full access on the address right after it was transferred.  Though this should had been a news all over the globe if it is true.
hacking international banks will trigger more sanction from the world to their country, other thing if they are stealing money from cryptocurrencies exchange which out of any government coverage.
no government backing up bitcoin, i'd say, more convenient and safer option for NK to go .
full member
Activity: 504
Merit: 102
This is the new, modern day warfare. I agree with Trump, its time to finally deal with the NK problem. It has been put off far too long, and now look at the situation the world finds itself it.
Actually they are scaring world because they know that if they scare the world then they will be more power and people will afraid from them so that's why they are doing that as you mentioned trump in a middle don't even expect from him.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
I think this is no news, hackers had been targeting exchanges and other financial institution to get out of these institution.  Though it is surprising that North Korean Hackers are targeting Cryptocurrency eschanges when they can try to hack international banks. Though probably it is because of the decentralized system and the full access on the address right after it was transferred.  Though this should had been a news all over the globe if it is true.

I agree, the news hasn't appeared on any reputable news site, which should happen if the news is true. However, I've found at least 3 sites which were talking about it:

https://www.coindesk.com/report-north-korea-targets-south-koreas-bitcoin-exchanges-cyber-attacks/

https://techcrunch.com/2017/09/13/north-korea-hackers-bitcoin-ethereum/

http://www.express.co.uk/news/world/853444/north-korea-kim-jong-un-pyongyang-bitcoin-hack-hackers-nuclear-war-usa-donald-trump

I don't know whether they can succeed in hacking foreign exchanges, but they definitely can try that.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
I think this is no news, hackers had been targeting exchanges and other financial institution to get out of these institution.  Though it is surprising that North Korean Hackers are targeting Cryptocurrency eschanges when they can try to hack international banks. Though probably it is because of the decentralized system and the full access on the address right after it was transferred.  Though this should had been a news all over the globe if it is true.
sr. member
Activity: 435
Merit: 251
Who knows, from where come hackers ? Why North Korea would be interested to hack exchanges ? I did not hear in the news, that North Korea would be interested in crypto market. They are making and testing missiles and make self marketing over the world in the news with Trump promoting support.  Grin
legendary
Activity: 3038
Merit: 1169
North Korea is capable of conducting some special war and maybe attack on exchangers could be a part of that. If many exchangers would be affected that would influence on Bitcoin price in huge scale.
But I don't think that they could become a big "mining power" or that are even interested in that.
seeing that NK capable of creating nuclear weapon, I assume that making income from bitcoin by hacking exchanges and mining is not an impossible thing from them, if you realize how they could gain such technology to create nuclear then you'll easily know that they are really capable of mining with big amount of powers.


We can surely see that North Korea has a lot of resources to simply do such a thing, but the tyrant of a leader he is and a lot was possibly ban in North Korea I think citizens right now don't have knowledge from other countries or with bitcoin, I think even if some have a knowledge bitcoin is ban in them so I think this is the work of the government and they really are in desperate need of resources.
sr. member
Activity: 328
Merit: 252
APT landscape of even the smallest exchange is insane, NK government sanctioned hackers are just another drop in the puddle of piss.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
there is nothing more than usual for us to be aware of. it is all the same old risks of exchanges getting hacked or running away with our money in their hands and it has happened so many times that it is starting to become an annual thing when one of them allegedly gets hacked and someone (probably even the owner) pockets a large sum of money.

that is the price we have to pay for using these centralized and crappy cryptocurrency exchanges and i believe almost every trader knows and accepts these risks.
Pages:
Jump to: