It is true that North Korea is suspected to be behind the hacking on the exchange located at South Korea. There are also many news that North Korea is really interested in bitcoin and a group of hackers were formed to fish bitcoin in the internet.
If the accusations were true then it is really something that we should watch out. But I dont believe that North Korea would really be targeting all exchange in Southeast Asia but its not bad to take some steps to avoid being a victim. So I guess its safe to keep our bitcoin and other assets in our wallets than to store it in exchanges since if you notice there are multiple exchange are already been hacked and recently Cryptopia was one of the victim. Though the hacker is not North Korea but let us be safe and avoid storing our assets on exchange.
Topic: Southeast Asia’s Cryptocurrency Sector could be targeted by North Korea (Read 264 times)
April 22, 2019, 09:20:07 AM
April 22, 2019, 09:06:03 AM
I wouldn't be surprised if the investigation lead to North Korea for the ransonware attack happened in 2017 and partially in 2018. However, one thing will be shocking to me if the investigation reveals that the hackers are of North Korean origin. Because where common mass is allowed to use internet, how they will have homegrown hackers? The hackers must be from different origins working on commission basis for North Korea! That's my understanding!
Also I don't think North Korea has the technical expertise to launch a full scale attack in cryptocurrency market. They may try to weaken it by other measures which is very difficult to sustain for long run. Overall, I seriously think North Korea is too small Nd weak to break into crypto market. If it was China, I would have thought differently!
Also I don't think North Korea has the technical expertise to launch a full scale attack in cryptocurrency market. They may try to weaken it by other measures which is very difficult to sustain for long run. Overall, I seriously think North Korea is too small Nd weak to break into crypto market. If it was China, I would have thought differently!
April 22, 2019, 08:55:00 AM
Alarming yet I think there are no exact facts to hold this thought as truth. I think this could be considered as a threat or a fraud. Countries should never make things as complicated as this. I know that each country has their own ways to develop. Conquering another will only make technology at risk for destruction and worst, no one could benefit on it anymore.
April 22, 2019, 08:07:35 AM
Yeah it says the attack originated in Asia so it must have been North Korea then. But I have the feeling China is also messing around with malicious hacking projects to steal Bitcoin. What if they are the real perpetrators and North Korea is the scapegoat? Does it sound a little bit farfetched 
It's not farfetched but what incentives China will get if they indeed initiated the attack?
North Korea has far more benefits from it. They are still isolated and as far as I know under sanctions, so stealing bitcoins whether from exchanges or individual will get them more convenience or they will gain a lot from this state sponsored activity.
April 22, 2019, 07:38:04 AM
Wasn't the WannaCry ransomware created in Russia or am I missing something? What's worse in North Korea is that normal people are denied access to the Internet entirely and only the government has access to it. Even China is more lenient than North Korea.
many reports said that it came from north korea, read here https://en.wikipedia.org/wiki/WannaCry_ransomware_attack. i know that's a wiki page where everyone can edit it but you can look at the source links.
north korea is definitely not the place i want to live at this moment.
April 22, 2019, 05:09:50 AM
The North Korean hackers are not just targeting the South Korean Bitcoin owners, they target every country in the world. 
Also remember that North Korea has some allies and they circumvent these sanctions via their allies, so they are not just using technologies like Bitcoin to circumvent sanctions from their enemies.
They are always one step ahead, when it comes to things like this.
North Korean is the empire of smart people. Large countries influenced the North Korean by sanctions but the country still developed. Also remember that North Korea has some allies and they circumvent these sanctions via their allies, so they are not just using technologies like Bitcoin to circumvent sanctions from their enemies.
They are always one step ahead, when it comes to things like this.
North Korean has face-to-face allies, and they support the country through various ways to eliminate the effects of sanctions from big countries.
April 22, 2019, 03:01:45 AM
The North Korean hackers are not just targeting the South Korean Bitcoin owners, they target every country in the world.
Also remember that North Korea has some allies and they circumvent these sanctions via their allies, so they are not just using technologies like Bitcoin to circumvent sanctions from their enemies.
They are always one step ahead, when it comes to things like this.
Also remember that North Korea has some allies and they circumvent these sanctions via their allies, so they are not just using technologies like Bitcoin to circumvent sanctions from their enemies.
They are always one step ahead, when it comes to things like this.
April 22, 2019, 02:44:04 AM
While this story is alarming yet not enough to believe because north korea is known for being communist so their access in ths real world is limited, i guess this is just a finger pointing but the reality is the Other country is having a will to hack the crypto and they are jusy pointing to north korea so they will be blamed and may have no chancr to explain their side.north korea is a country with has a strong will and they won't risk everything just for hacking crypto lol
Supported what you said because what I learned and knew about North Korea is that they are internet restriction country and only permit people with special authorization, the governments or foreigners to browser the internet with no limit. With this there's chance that the North Korea may not the really country behind the attacks. April 22, 2019, 02:33:36 AM
It's known that North Korea has been accumulating cryptocurrencies these last few years, particularly by hacking. This is thus an opportunity for companies to make their security more robust. North Korea's foray into the space may actually propel it into one of the more wealthy countries if it's accumulating cryptos to the degree some analysts believe.
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April 22, 2019, 02:33:04 AM
Wasn't the WannaCry ransomware created in Russia or am I missing something? What's worse in North Korea is that normal people are denied access to the Internet entirely and only the government has access to it. Even China is more lenient than North Korea.
many reports said that it came from north korea, read here https://en.wikipedia.org/wiki/WannaCry_ransomware_attack. i know that's a wiki page where everyone can edit it but you can look at the source links.
north korea is definitely not the place i want to live at this moment.
April 22, 2019, 01:39:44 AM
While this story is alarming yet not enough to believe because north korea is known for being communist so their access in ths real world is limited, i guess this is just a finger pointing but the reality is the Other country is having a will to hack the crypto and they are jusy pointing to north korea so they will be blamed and may have no chancr to explain their side.north korea is a country with has a strong will and they won't risk everything just for hacking crypto lol
April 22, 2019, 12:26:16 AM
Yeah it says the attack originated in Asia so it must have been North Korea then. But I have the feeling China is also messing around with malicious hacking projects to steal Bitcoin. What if they are the real perpetrators and North Korea is the scapegoat? Does it sound a little bit farfetched
April 22, 2019, 12:17:15 AM
Wasn't the WannaCry ransomware created in Russia or am I missing something? What's worse in North Korea is that normal people are denied access to the Internet entirely and only the government has access to it. Even China is more lenient than North Korea.
many reports said that it came from north korea, read here https://en.wikipedia.org/wiki/WannaCry_ransomware_attack. i know that's a wiki page where everyone can edit it but you can look at the source links.
north korea is definitely not the place i want to live at this moment.
April 22, 2019, 12:13:32 AM
Well this is quite alraming. Due to decentralization, cryptocurrency can really be used in stealing, fraud, money laundering and any other legal activities while being anonymous and without the law noticibg it. We all know that North Korea is a closed country and silent with regards to what they are doing especially on technology and military activities. They might be the one who's responsible for exchange platforms attack recently where a lot of money were stolen unnoticed.
This was indeed alarming but also need to be taking into mature level of consideration because the old conflicts between the two nationals doesn't make the North Korea to the be the South Korea attackers cause a group or an organization could be responsible for the attack on North Korea soil just to create another political or national conflict. However, crypto currency decentralization shouldn't be responsible stealing, fraud etc done this days because such occasions are happening right before the creation of crypto currency and the abuser of crypto decentralization should punish by law. Meanwhile, don't tell me the law can't notice it cause this which was nabbed by FBI was caught through something, we need to stop lying to our self the attackers can be capture if the governments want to and this why you should know some powerful people are behind the attack.
I will those who are involve to do diligent search before making any conclusion.
April 21, 2019, 02:45:11 PM
Wasn't the WannaCry ransomware created in Russia or am I missing something? What's worse in North Korea is that normal people are denied access to the Internet entirely and only the government has access to it. Even China is more lenient than North Korea.
April 21, 2019, 12:43:17 PM
I have read many damaging reports about North Korea, but all these Cyber attacks and Cryptocurrency theft allegations against them, they have always denied it. Let the USA have a peace talk with the little rocket man and see how to open up the isolated country for a better life. Let these economics not always attack cryprtocurrency as been the major tool for online money theft.
April 21, 2019, 09:40:41 AM
North Korea is well known for being one of the most secretive and reclusive countries in the world. For years, it has been under heavy sanctions from the United Nations, the United States and other countries over its nuclear program. It has also been accused of using cyber warfare in order to gain funds to sustain its nuclear program.
RUSI (the Royal United Services Institute) is the world’s oldest independent think tank on international defence and security. The organization recently stated that North Korea has shown an increasing interest in virtual assets, as sanctions are getting harder to circumvent.
RUSI cited North Korean hackers for the alleged hijacking of crypto exchanges in South Korea as well as the “WannaCry” global ransomware attack that infected many computers around the world in 2017.
https://www.bitcrypt.co/southeast-asia-cryptocurrency-targeted-north-korea/
North korea is a notorious country and has always been interfering in the affairs of its neighbours especially when it comes to south korea as both share some epic rivalry. However i still think that dominating the whole of south asian economy would be difficult as japan and south korea are somewhat advoacting Cryptocurrency. Moreover even India might be against Cryptocurrency but will never advoacte such acts and north korea will definitely face criticism. RUSI (the Royal United Services Institute) is the world’s oldest independent think tank on international defence and security. The organization recently stated that North Korea has shown an increasing interest in virtual assets, as sanctions are getting harder to circumvent.
RUSI cited North Korean hackers for the alleged hijacking of crypto exchanges in South Korea as well as the “WannaCry” global ransomware attack that infected many computers around the world in 2017.
https://www.bitcrypt.co/southeast-asia-cryptocurrency-targeted-north-korea/
April 21, 2019, 09:37:16 AM
North Korea doesn't have the tools to target any Asian Sector yet its cryptocurrency sector. We have seen in the news how poor North Korea is and the so-called attacks that they will imply to nearby Asian countries. I still have doubts that North Korea can do such attacks. Even their hackers are still far from being called a real hacker.
April 21, 2019, 09:35:57 AM
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RUSI cited North Korean hackers for the alleged hijacking of crypto exchanges in South Korea as well as the “WannaCry” global ransomware attack that infected many computers around the world in 2017.
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RUSI cited North Korean hackers for the alleged hijacking of crypto exchanges in South Korea as well as the “WannaCry” global ransomware attack that infected many computers around the world in 2017.
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So they are now putting their efforts on cyber technologies not nuclear? I am shocked that they are the one accused for the WannaCry virus. Seem unlikely, but we can't be so sure.
April 21, 2019, 09:30:06 AM
One sentence,
* I would have been pretty shocked if they didn't do it because at the end of the time it's North Korean leader who is the most eccentric person in my opinion*
He is person who is starving the normal people , Killin them in any way that seems fair to him , has no respect or whatsoever for a human life.
Again this is what we can expect from him.
* I would have been pretty shocked if they didn't do it because at the end of the time it's North Korean leader who is the most eccentric person in my opinion*
He is person who is starving the normal people , Killin them in any way that seems fair to him , has no respect or whatsoever for a human life.
Again this is what we can expect from him.
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