Topic: North Korean Hackers Reportedly Attack Bitcoin Exchange in South Korea (Read 833 times)

This looks like a carry over of the ideological divide between the two countries.

I think North Korea wants to have some fun but I will never make a mistake to underestimate them. Man, those little creatures have even shut up the great America. Though it appears to be stupid attacking your neighbors but we don't know their intentions. Stay aware!
BTW, poverty is also found in America so don't make a fuss.

Those lunatics. That is why I do not like North Korea. They are trying to do nonsense things to prove that they are strong. But in fact, they have nothing. Most of the citizen in the country is still very poor but the government keeps using the money to develop nuclear. They are insane

is this news real? because if it is, it only means that even old computers can be used effectively for hacking.  We all know that sokor is years or even decades advance in technology when it compared to nokor, and surely their security is their first priority since anytime their neighbor nokor could attack them if they feel it. I think this news, came from someone who lost their bitcoins, and blaming it on nokor, since bitcoin exchanges though it can be hacked, it would take a very very long time and groups of very well trained hackers that could know how to infiltrate the stock market and change the amounts, in other words it is very hard but not impossible, and since that is he case, why would you waste time to attack an exchange if you could go ahead and scam just anybody, this news  is hardly believable, you will need a very advance technology, which i doubt nokor has. I think, nokor should really open its boundaries and show the world what it really has, and not just say that they are advance, i think they are just bluffing and there is just some kind of glitch on the part of the sokor exchange, and they are capitalizing on it so they can be threatened, we need to be more vigilant when it comes to news like this since nokor is already conisidered a terrorist since, they are planning to start a nuclear war with USA.

Don't buy it either.
I think that North Korea would have other priorities when hacking something in South Korea.
Basically everything military or something from the public infrastructure.
The only scenario I can think of that this makes sense is that private hacker did that. But then it makes no difference if they came from North Korea or from anywhere else in the world.
They made it just for the money.

I always thought that the korean and chines people are intelligent
But is no good exploit their mind for doing attacks, and maybe stole people moneys
Need to exploit their minds for something more helpful

That's actually a good deal. It'll give us a little bit of pressure, and that's the kind of thing that keeps
Bitcoin to moving. It's hard to sell it such prices when there's no out there that wants to buy, but even though you create a fear-based economy it's still creates movement in the economy if that's what we need right now. Let Bunch people get scared drop their Bitcoin just fine by us.

We are not talking about the money-minded hackers, who either operate individually or in groups. We are talking about groups of hackers, who are funded by the government agencies. All the major nations have such hacker armies, including Russia, United States, China, and North Korea.

I don't buy it. What's the total count of computers that connect into Internet in North Korea? (AFAIK it was only 4).
https://en.wikipedia.org/wiki/Internet_in_North_Korea#Service_providers_and_access

I think it's not N.Koreans, it's Chineese...

If it became known that hackers from North Korea that means it is bad hackers. I think that politics intervened. Now those who benefits to accuse North Korea, and those who benefit from another thing blamed Russia. Hackers have no nationality. They attack from anywhere.

Just crazy. Are they running out of money to build nukes? That's what happens when you mismanage your country. They have resources to build nukes and launch cyber attacks but can't do anything about... about EVERYTHING else. They allow in the Chinese to mine their resources so they can buy food from China.

You think they're planning to use those stolen bitcoins to buy stuff? I mean, it's pointless to convert it to fiat in North Korea. Maybe they'll use it to buy stuff from China? That's pretty much the only place they can buy physical items using bitcoins.

North Korean are doing all sorts of stupid things. These are all expected from the people and its country from leaders down to the people. The sad thing is that the government seems to be the one in charge of all these. The leaders, I mean, the leader--they only have one god kim-- are putting the country. But I don't think this is true.

This is what I am talking about what I talk about the risk on investing and buying Bitcoins. The number one risk of all, hackers. First of all, it is hard to avoid and secure Bitcoin wallet accounts from hackers if they already got in to your computer system. And from there, they can easily find the access for others especially thos who are nearby. It only takes them a matter of time to instantly transfer your Bitcoins into their account if they already got in to the system by first determining your IP address. I learned this from an IT expert friend way back in high school.

I heard that almost all of the identified North Korean offshore bank accounts are frozen (as a result of the UN sanctions). Converting BTC to fiat using these accounts would be very risky for the North Koreans. The FBI can trace these transactions and it will result in the funds getting seized.

Hmm. Good question. Possibly using offshore bank accounts? They still probably couldn't convert that country's currency to North Korean Won though, since I don't think foreign money exchanges even support NKW. Though I don't think converting it to NKW would matter if it really was government funded.

With that said, South Korea surely needs to step up their game. North Korea is pretty much toying with them.

We don't know for sure whether the government was behind the attack or even if it originated in North Korea. And from their perspective, why restrict attacks to government entities, if economic warfare can weaken the state?

They have no need to convert the BTC if this was government-sponsored. The object would be either a) economic warfare, b) accumulate BTC, or c) both.

If this is indeed true, it’s not that surprising since that wannacry ransomware from a few months ago was believed to have originated from  North Korea as well. On top of that, they are launching missiles every now and then. Such a dysfunctional country with so much bad publicity, largely because of their leader who acts like a clown.

That is very counterproductive on North Korea's part. In my own opinion, if North Korea really wanted to go around those economic sanctions, they should start hoarding and getting involved in all aspects of cryptocurrencies themselves. Especially the mining aspect.

Bitcoin is a powerful tool for peer to peer, decentralized and censorship resistant value transfer. If Kim Jong Un had any brains, he should form a research group just for cryptocurrencies and how to utilize them for the good of their country.

This fact proves that North Korea is one of the most dangerous countries, because it could be for the next time not just the South Korea exchange being targeted but also in other countries that have bad relations with it, it becomes a lesson for us not to put a large amount of our funds too long on the exchange, and perhaps decentralized exchange can be another option for this.

This is ridiculous. Why should the government backed hackers in North Korea attack a private entity in South Korea (instead of attacking some of the government owned banks)? Also even if they manage to steal the BTC, how they are going to convert them to fiat in North Korea?