As indicated by another report from U.S.- based security firm Recorded Future published on Oct. 25, the North Korean government has supported no less than two scam coins.
In the report entitled "Moving Patterns in Internet Use Reveal Adaptable and Innovative North Korean Ruling Elite," Recorded Future's examination group Insikt Group specifies two alleged altcoin tricks fixing to North Korea.
The primary trick coin purportedly upheld by North Korea is called Interstellar coin, and was found by Insikt Group in June 2018. The coin has allegedly been rebranded various occasions, passing by different names, for example, HOLD, HUZU, or Stellar. The last ought not be mistaken for the XLM token.
As indicated by the report, the HOLD coin has been recorded and delisted on a progression of crypto trades, in the long run swindling financial specialists in a trick staking plan.
The second trick coin named Marine Chain coin was distinguished in "two or three Bitcoin discussions" in August 2018. The coin, which probably empowered the tokenization of oceanic vessels for various clients and proprietors, was professed to be deceitful by the province of Ontario, Canada.
A large number of clients whined about the loss of countless dollars and tricks on the site, which was facilitated at four distinctive IP addresses since its enrollment. A few clients brought up that the site marine-chain.io was a close perfect representation of another site shipowner.io:
In past research, Insikt Group found that North Korean pioneers were mining both Bitcoin (BTC) and privacy-arranged altcoin Monero (XMR), while at a constrained or "moderately little scale."
Not long ago, Recorded Future released a report exploring the potential ties of major crypto trade hacks with North Korea-associated cybercrime bunch Lazarus. Insikt noticed the potential contribution of the gathering in the hack of South Korea's Bithumb crypto trade, following previous accusations of hacking Youbit exchange.
A week ago, Cointelegraph reported that Lazarus stole $571 million in digital forms of money since mid 2017. As per cybercrime firm Group-IB, the aggregate sum stolen from online crypto trades amid the contemplated time somewhere in the range of 2017 and 2018 came to $882 million.
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Hacking and scamming in this regard is eating the seed, instead of planting the seed, that would be the tree, that would bear fruit.
It denotes desperation, and touts the fact that still many in the world do not understand the blockchain or how money works in general as it pertains to a store of wealth or value.
Too man consider themselves clever setting up fake social media accounts, working hard at it to, only to simply steal would be investors money and run off into their closets with their several VPNs, stroking their whiskers.
Too many consider themselves clever, taking advantage of the anonymity of the blockchain, scamming and hacking, and delaying the widespread use, trust, and adoption of blockchain technology by the everyman, by years and decades, simply because of need, greed, disinformation and misinformation
STOP HACKING. STOP SCAMMING :
It's giving a bad name to young or new investors or those invloved in the space who are merely intrigued, or who are trying to make a living to help develop the technology of the future that will help and save us all alot of time and money.
In the very least, the hackers should just get together as well as the scammers, and make themselves a coin, instead of robbing and plundering the value created by hardworking investors and miners.
That is too bad but it is good to know. I love Bitcoin. Sad to hear about scams.