South Korean Cryptocurrency Exchange Hacked By North Korea, BTCMANAGER

December Nineteen, 22:00 by Priyeshu Garg

The leading intelligence agency ter South Korea has information that led them to believe North Korean hackers were responsible for attacking an exchange based ter the South of the region.

Bithumb Hack

Officials have estimated that overheen $7 million worth of cryptocurrency wasgoed stolen te this attack, with some people even claiming that this figure is spil high spil $82.7 million.

Alongside the funds that the culprits stole, about 36,000 users had their individual information taken. The exchange te question is called Bithumb, and it is a toneel where users are able to trade bitcoin and ether.

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Ter November and December, there has bot a significant spike ter the amount of trading volume seen te South Korea, and this has led to Bithumb becoming one of the largest exchanges of its zuigeling ter South Korea. It is also one of the top five largest trading platforms te the world.

It is thought that the reason North Korea went after digital currencies wasgoed te response to the financial sanctions placed upon them due to their nuclear weapon development and testing.

Attack Vector Specifics

Investigators suspect the attack originated te February after the private rekentuig of a Bithumb employee had bot targeted, but it took until June to detect the offense.


There were also requests made by the hackers for an toegevoegd $Five.Five million from the exchange ter terugwedstrijd for their deletion of the private information they stole from the webpagina.

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The National Intelligence Service based te South Korea is responsible for the investigation, and they have reasons to believe that the attack on the Coinis exchange ter September wasgoed also carried out by North Korean hackers.

History of Hacks

National agents have documented and thwarted a handful of other attempts to hack into exchanges overheen the past few months. October spotted a significant number of attacks, with ten being reported to the authorities, all of which suspected North Korean attackers of carrying them out through the dissemination of malware-infected emails.

Gratefully thesis attacks were repelled agents at the Korea Internet Security Agency (KISA).

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They managed to identify the threats and pieced together different fragments of information to determine the perpetrators. They uncovered the malware used te the hacks had bot created similar to those used te the 2014 attack on Sony Pictures, spil well spil the hack on the Bangladeshi Central Canap ter .

Thesis attacks come at a time when regulation of the sector is a pressing kwestie, with the relevant authorities ter South Korea now focusing on tightening up relevant regulations ter the region.

The government fined Bithumb to the tune of $55,000 spil a result of their failings te protecting the private gegevens of their users.

2 comments / Add your comment below

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