North Korean hackers behind attacks on cryptocurrency exchanges in South Korea

South Korean cryptocurrency exchanges hacked by North Korea, claims report

North Korean hackers are suspected to be behind the attacks on cryptocurrency exchanges this year who have netted millions in the virtual currency, claims South Korea’s chief intelligence agency.

The widespread malware campaign targeting cryptocurrency users is believed to be carried out by the “Lazarus Group,” a state-sponsored hacking group linked to the North Korean government. According to researchers, this group has been involved in some notable crimes, such as the 2014 Sony Pictures hack, an $81 million Bangladesh cyber theft in 2016 and the worldwide WannaCry ransomware attacks in May this year.

Citing the country’s National Intelligence Service (NIS), South Korea’s Chosun Ilbo reported that the cyberattacks credited to North Korean hackers also included the leaking of personal information from 36,000 accounts from South Korea’s biggest and one of the top five cryptocurrency exchange in the world, Bithumb, in June.

It also cited the NIS saying that the hackers had also demanded a ransom of 6 billion won ($5.5 million) in exchange for destroying the leaked personal information. Additionally, around 7.6 billion won ($6.99 million) worth of cryptocurrencies were also stolen at that time.

Attacks also included the theft of cryptocurrencies from accounts at exchanges Yapizon, now called Youbit, and Coinis in April and September.

In October, another cyberattack on about 10 cryptocurrency exchanges was carried out by North Korean hackers using e-mails containing malware that used North Korean internet addresses, which was thwarted by the Korea Internet Security Agency (KISA), Chosun Ilbo cited the NIS.

According to the NIS, the malware used to hack the cryptocurrency exchanges was similar to the hacks carried out on Sony Pictures and Bank of Bangladesh in 2014 and 2016 respectively.

Source: Reuters

Kavita Iyer

An individual, optimist, homemaker, foodie, a die hard cricket fan and most importantly one who believes in Being Human

Recent Posts

10 Best Torrent Sites To Download E-Books For Free

Even in the digital age of the 21st century, books haven't lost their importance and they are still a reliable…

22 hours ago

How To Play PUBG On Any Mac

Player Unknown’s Battlegrounds is still one of the best online multiplayer battle royale game that has gained immense popularity in recent…

23 hours ago

China builds an ‘artificial sun’ that is 6 times hotter than our ‘natural sun’

China builds an 'artificial sun' that can hit temperatures of 100 million degrees Celsius Last month, we had reported that…

23 hours ago

Windows 10 October 2018 Update Rolls Out Again, Still Full Of Flaws

Windows 10 October Update Still Incompatible With Some AMD GPUs After a delay of over a month, Microsoft finally re-released…

2 days ago

10 Best Anime Torrent Websites In 2018

All forms of animated media or often referred to as Anime has millions of fans across the globe. Anime is…

2 days ago

iPhone X, Samsung Galaxy S9, Xiaomi Mi 6 Hacked At Pwn2Own Tokyo 2018

iPhone X, Samsung Galaxy S9, and Xiaomi Mi 6 fall prey to hacking in the Pwn2Own hacking competition in Tokyo…

3 days ago