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Topic: North Korean Hackers Reportedly Attack Bitcoin Exchange in South Korea - page 2. (Read 833 times)

sr. member
Activity: 644
Merit: 261
That is why we have preached here not to put all your investment in a exchange because first of all you don't have control of the private key and next this kind of scenario, a possible hack that will wipe out all of your funds.

This is one of my fears when I have coins in an exchange because we never know what will happen. It has happened before and there is a possibility it might happen again (I hope not) but to reduce the risk, we should only put coins in an exchange that we can afford to lose and then have the security features maximized so as to prevent something like that happening.

I have also read somewhere that if you wanted to be more secure then you can have a separate gadget intended only for crypto. Your only purpose for using that gadget is for trading or for other things that is related to crypto and nothing else. You will access all other activities except crypto in other gadgets like emails, games, watching movies etc.
sr. member
Activity: 1078
Merit: 256
The North Koreans easily hacked an exchange system in South Korea, this is a clear sign not to save all your crypto currencies in an exchange. The North Koreans easily grab some bitcoin money, which they can use it to build another missile or war weapons.

I guess South Korea ought to sit-up and protect its citizenry financially too by securing their online exchanges so that such flaws wouldn't be exploited by these motivated criminals from the north.

I don't think South Koreans exchanges are not doing anything about it. For sure their government have warned them already to beef up security and we will do really hope they won't be successful in the future. Because this will put a lot of negative news about bitcoin, and we don't want the steam to be halted because of this such event.

Yes, its possible that the hack bitcoin could easily be used to buy or build weapons of mass destruction as we all know that that leader is lunatic and very eager to launch a war specially with the West. Cyber terrorism will be really the latest tool that are are going to see in the future.
hero member
Activity: 2660
Merit: 551
I remember reading a news article from years back which claimed north korea trains 100 hackers every year:

Quote
NORTH KOREA'S SCHOOL FOR HACKERS

IN NORTH KOREA'S mountainous Hyungsan region, a military academy specializing in electronic warfare has been churning out 100 cybersoldiers every year for nearly two decades.
Graduates of the elite hacking program at Mirim College are skilled in everything from writing computer viruses to penetrating network defenses and programming weapon guidance systems.

Or so South Korea's government would have the world believe.

Since at least 1994, military and intelligence officials in Seoul have warned of the growing threat posed by the "infowar" academy to the north, which they say was founded in the 1980s and is also known as the Automated Warfare Institute.

Most recently, South Korea's Defense Security Command raised the specter of Mirim at a cybersecurity seminar in mid-May, where a South Korean general noted that North Korea is "reinforcing its cyberterror capabilities."

https://www.wired.com/2003/06/north-koreas-school-for-hackers/

It wouldn't be that surprising if north korea is investing heavily in some type of electronic warfare program. The entire country is a rat's maze of underground tunnel networks designed to survive a nuclear apocalypse.

Yes, it's been going on for years that North Korean government allegedly training hackers in preparation of a cyber attack war. And I have read that they are now really targeting South Korean, specially like exchanges and other military institutions. We have even heard that Kim has a lot of bitcoin stash somewhere. This could be true as evident of an attack is proven to be really true by the North Koreans.

 So I guess for the South then, be very careful of any suspicious email and improved the security of your Exchanges to prevent any possible hack for the other side.

The North Koreans easily hacked an exchange system in South Korea, this is a clear sign not to save all your crypto currencies in an exchange. The North Koreans easily grab some bitcoin money, which they can use it to build another missile or war weapons.

That is why we have preached here not to put all your investment in a exchange because first of all you don't have control of the private key and next this kind of scenario, a possible hack that will wipe out all of your funds.
sr. member
Activity: 686
Merit: 253
The North Koreans easily hacked an exchange system in South Korea, this is a clear sign not to save all your crypto currencies in an exchange. The North Koreans easily grab some bitcoin money, which they can use it to build another missile or war weapons.

I guess South Korea ought to sit-up and protect its citizenry financially too by securing their online exchanges so that such flaws wouldn't be exploited by these motivated criminals from the north.
full member
Activity: 210
Merit: 100
The North Koreans easily hacked an exchange system in South Korea, this is a clear sign not to save all your crypto currencies in an exchange. The North Koreans easily grab some bitcoin money, which they can use it to build another missile or war weapons.
hero member
Activity: 672
Merit: 500
You can't really do anything about this though trading volumes in south korea is way above expectations north korea has been causing major issues to the country for a really long time and not just of bitcoin but they are even hacking their automated trains , their high tech country. North korea didn't have much threat to the world before but now this situation keeps getting worse
legendary
Activity: 2562
Merit: 1441
I remember reading a news article from years back which claimed north korea trains 100 hackers every year:

Quote
NORTH KOREA'S SCHOOL FOR HACKERS

IN NORTH KOREA'S mountainous Hyungsan region, a military academy specializing in electronic warfare has been churning out 100 cybersoldiers every year for nearly two decades.
Graduates of the elite hacking program at Mirim College are skilled in everything from writing computer viruses to penetrating network defenses and programming weapon guidance systems.

Or so South Korea's government would have the world believe.

Since at least 1994, military and intelligence officials in Seoul have warned of the growing threat posed by the "infowar" academy to the north, which they say was founded in the 1980s and is also known as the Automated Warfare Institute.

Most recently, South Korea's Defense Security Command raised the specter of Mirim at a cybersecurity seminar in mid-May, where a South Korean general noted that North Korea is "reinforcing its cyberterror capabilities."

https://www.wired.com/2003/06/north-koreas-school-for-hackers/

It wouldn't be that surprising if north korea is investing heavily in some type of electronic warfare program. The entire country is a rat's maze of underground tunnel networks designed to survive a nuclear apocalypse.
full member
Activity: 188
Merit: 100
Cyber hackers from North Korea have reportedly targeted Bitcoin exchanges in South Korea in retaliation to new sanctions imposed by the United Nations against the hermit state as of late August 2017.

According to South Korea’s Cyber Warfare Research Center, at least one Bitcoin exchange was targeted by a hacking attempt that possibly originated from North Korea.

The assault was allegedly distributed through a dedicated email campaign. If the emails are opened by employees of the targeted exchanges, the attached malware will embed itself in the company's’ computer networks. So far, there are no exact figures on the number of exchanges that were hit by the attack.

https://cointelegraph.com/news/north-korean-hackers-reportedly-attack-bitcoin-exchange-in-south-korea
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