Tag: North Korea

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 will continue to do so in the future. Targeted Attacks…

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Two U.S-based financial crimes and intelligence experts, Lourdes Miranda and Ross Delston, have said that it is likely that North Korea is using both established DLT-based digital assets like bitcoin and ether to bypass U.S sanctions, reported Asia Times on September 24, 2018. North Korea Overcoming Sanctions with Bitcoin While the United States President Donald Trump has been making efforts…

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While South Korea is fast becoming a formidable force to reckon with in the global cryptospace, it’s North Korean brother has been more interested in using its distributed ledger technology expertise to wreak havoc on the world. In similar, more law-abiding news, a report from Yonhap on August 27, 2018, indicated that North Korea may be looking towards launching a…

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Kaspersky’s Global Research and Analysis Team (GReAT) has discovered a new type of malware that poses as a legitimate trading app but is capable of wreaking havoc and goes undetected after infecting the host machine. The perpetrators are believed to be from the Lazarus Group, a hackers collective allegedly backed by the North Korean government, known for their vicious attacks…

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Under a new set of terms of service set to launch in a few days, cryptocurrency owners from North Korea, Iran, Crimea, Syria, and Cuba will no longer be able to trade through Bittrex, currently one of the world’s leading cryptocurrency exchanges. The Seattle-based company first announced its new terms of service in early February. Valid from March 9, 2018,…

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North Korea has constantly been in the news for all of the wrong reasons in recent years. Whether it is related to missile testing or defectors, they have been receiving a lot of negative attention from the press. As a result of their wrongdoings, there have been wide-ranging sanctions placed upon them from countries all across the world. However, it…

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  The North Korea-based Lazarus hacking group is now targeting individuals and banking institutions with bitcoin stealing and phishing campaigns. The new cyber attack was discovered by analysts at McAfee Advanced Threat Research (ATR). As revealed by the company in a post on its website, the phishing attack is targeted towards bitcoin users and uses a sophisticated malicious document for…

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As bitcoin and other digital currencies emerge as a new and valuable asset class, North Korean cyber criminals are also realizing a new means of state funding. Unhinging a Global Financial System Kim Jong-Un has been featured in the news as exclusively an intemperate world leader with nuclear capabilities. His confrontations with President Trump have sparked global concerns as to…

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Since August 9, tensions between North Korea and the US have intensified, with South Korean traders piling money into the cryptocurrency of the second largest blockchain network, Ethereum. ETH-USD breached the $300 handle and now finds support at this psychological level; we provide an outlook for the cryptocurrency going forward. While markets across the world have shown increased volatility in…

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