#North Korea News

North Korea Developing own Cryptocurrency to Circumvent U.S. Sanctions

September 19, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

North Korea is hatching plans to develop its own cryptocurrency. Though the project is in its early stages, the digital currency is being designed to function like bitcoin and other cryptocurrencies and would enable the nation to circumvent crippling international sanctions, reports VICE on September 18, 2019. North Korea Fighting...

Kim Jong Un Hacking a laptop with glasses on

U.S. Treasury Sanctions Notorious North Korean Hacking Groups

September 16, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed strict sanctions on “Lazarus,” “Bluenoroff,” and “Andariel,” three North Korean state-run hacking groups that have allegedly hacked several bitcoin trading venues, banks and other financial institutions, in an effort to fund the region’s nuclear weapons...

Kim Jong Un Smiling next to North Korea Flag Skull Crossbones Nuclear

United Nations Report Indicates that North Korea’s Nuclear Weapons were Funded by Cyber Attacks

August 6, 2019 by Ashwath Balakrishnan at Tech

A privileged United Nations report confirms what everybody was suspecting so far: North Korea has been funding their nuclear program through orchestrated cyber-attacks from hacker groups set up and funded by the government. Reportedly, the cyber attacks have yielded North Korea almost $2 billion in random. The report further suggests...

Russian Hackers May Be Responsible for Coincheck Heist

June 20, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Investigators looking into the more than half a billion dollar Coincheck heist of 2018 have revealed that Russian hackers may have been responsible for the attack. Reports indicate that two malicious malware written in Russian, “mokes and “netwire,” have been discovered in the previously hacked Coincheck employee’s computer. This, according...

Verizon Security Report: 23 Percent of Data Breaches Carried Out by State-Sponsored Cybercrime Syndicates

May 9, 2019 by Osato Avan-Nomayo at Altcoins, Bitcoin, Crime, Cybersecurity, News

A Verizon internet security report shows that state-sponsored hacking is becoming an increasingly larger part of global cybercrime, ZDNet reports, May 8, 2019. The Verizon report also showed that hackers prefer cryptocurrency to launder their stolen funds or to demand ransom payments. State-Sponsored Hacking Becoming a Clear & Present Danger...

North Korean President Looking at a Bomb

North Korean Hackers Pivot Towards Cryptocurrency to Fund Country’s Nuclear Program

April 5, 2019 by Osato Avan-Nomayo at Altcoins, Crime, Finance, News

North Korean hackers with the backing of Pyongyang are targeting cryptocurrency exchange platforms as part of efforts to raise funding for the country’s nuclear weapons program. Wired reports that several international cybersecurity experts believe a hacking syndicate based in the country is also responsible for attacks against banks across the...

Ethereum Blockchain Being Used to Issue North Korean Visas

March 21, 2019 by Tokoni Uti at Adoption, Altcoins, Blockchain, Ethereum, News, Regulation

From March 24, 2019, people wishing to visit North Korea may do so by purchasing ERC-721 visas issued on the Ethereum blockchain by a North Korean dissident group. Future Entry Besides the predominantly commercial use of blockchain, there have been a handful of other less-popular social aspects of its application....

North Korea Has over $670 Million in Bitcoin and Other Cryptocurrencies, Claims New UN Report

March 15, 2019 by Neil at News

According to a UN report released on March 12, 2019, North Korea has amassed hundreds of millions in cryptocurrency to circumvent sanctions. While there are many that have believed that North Korea was involved in various cryptocurrency cyber-attacks, the fact that the country is stockpiling cryptocurrency is a new development....

North Korea: Blockchain Technology and Cryptocurrency Conference to Be Held in April 2019

November 22, 2018 by Aisshwarya Tiwari at Blockchain, Finance, News

North Korea is set to host an international blockchain and cryptocurrency conference in April 2019, reports Independent UK, November 20, 2018. The conference will also see its attendees revel a seven-day tour of the country. Pyongyang to Host the Tech Conference Due to the difficult political climate in the country,...

$571 Million in Damages: North Korean Hacking Group Lazarus Behind High-Profile Cryptocurrency Hacks

October 22, 2018 by Cindy Huynh at Altcoins, Blockchain, News, Platform, Tech

Although there have been over $882 million cryptocurrencies stolen from online exchanges since 2017, Lazarus, a North Korean, state-sponsored group is responsible for the majority of stolen tokens. According to an article published by The Next Web on October 19, 2018, the Lazarus Group took over $571 million cryptocurrencies and...

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