Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

Seoul Says North Korean Hackers Tried to Steal Bitcoins: Yonhap

Police investigations have pointed to North Korea as responsible for recent attempts to hack South Korea’s virtual currency exchanges, a report said Wednesday.

Police investigations have pointed to North Korea as responsible for recent attempts to hack South Korea’s virtual currency exchanges, a report said Wednesday.

They reached the conclusion after investigating cyber-attacks on dozens of email accounts of employees at four local bitcoin exchanges, Yonhap news agency said.

North Korea is heavily sanctioned by the United Nations for its nuclear and missile programs and speculation has been mounting that the cash-strapped regime is turning to digital currency to obtain funds.

Police said the North Korean hackers, pretending to be security authorities, sent emails containing malware between July and August this year, according to Yonhap.

The emails were sent from the same IP address linked to previous North Korean hacking attempts against Seoul, police were quoted as saying.

The test emails sent before the actual attack were traced back to the North, the report said.

No computers were compromised and no digital currency was stolen in any of the cases, the report said. Police could not be reached for comment.

South Korea is one of the world’s busiest trading hubs for cryptocurrencies, with Seoul-based Bithumb ranking as the world’s largest exchange for the ethereum virtual currency.

A report by FireEye earlier this month said North Korean hackers had launched attacks on at least three South Korean cryptocurrency exchanges since May.

The hackers were using “spearphishing” attacks, it said, targeting the personal email accounts of employees at the exchanges.

“It should be no surprise that cryptocurrencies, as an emerging asset class, are becoming a target of interest by a regime that operates in many ways like a criminal enterprise”, it said.

RelatedNorth Korea Accused of Stealing Bitcoin to Bolster Finances 

RelatedUS Suspects North Korea in $81 Million Bangladesh Theft: Report

Written By

AFP 2023

Click to comment

Expert Insights

Related Content

Cybercrime

Zendesk is informing customers about a data breach that started with an SMS phishing campaign targeting the company’s employees.

Cybercrime

The release of OpenAI’s ChatGPT in late 2022 has demonstrated the potential of AI for both good and bad.

Nation-State

FBI says a North Korea-linked threat group known as Lazarus and APT38 is behind the $100 million Horizon bridge cryptocurrency heist.

Nation-State

The North Korean APT tracked as TA444 is either moonlighting from its previous primary purpose, expanding its attack repertoire, or is being impersonated by...

Cybercrime

Artificial intelligence is competing in another endeavor once limited to humans — creating propaganda and disinformation.

Cybercrime

Video games developer Riot Games says source code was stolen from its development environment in a ransomware attack

Cybercrime

A new study by McAfee and the Center for Strategic and International Studies (CSIS) named a staggering figure as the true annual cost of...

Cybercrime

A digital ad fraud scheme dubbed "VastFlux" spoofed over 1,700 apps and peaked at 12 billion ad requests per day before being shut down.