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North Korea Allegedly Hacked the Hacking of the Digital Currency Exchange
One of the big hacks that happened was at Coincheck based in Japan.
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Wednesday 7/2/2018, 12:04 pm
Desy Setyowati
Pingit Aria
South Korea accused North Korea of hacking behind the Coincheck digital currency exchange (cryptocurrency). Hacking on January 26, 2018 it makes Coincheck based in Japan, suffered a loss of US $ 534 million and equivalent to Rp 7.12 trillion.
A Reuters source said that the National Intelligence Service (NIS) does not yet have evidence of North Korean hacker involvement. The share of the country led by Kim Jong Un in one of the largest hacking of digital currency is still marked as a 'possibility'.
"There is a possibility that North Korea is behind the theft," a Reuters source said on Monday (5/2).
While South Korea's Parliamentary Intelligence Committee member Kim Byung-kee stated that North Korea has a share in many digital currency piercing. "North Korea sent an email to hack into digital money and consumer data, and steal (cryptocurrency) worth billions of won," told Reuters.
Unfortunately, Kim did not explicitly mention which digital money market was hacked. He only explained that South Korea's National Intelligence Agency assumes North Korean hackers are still trying to hack into many digital money exchanges.
The allegations come as North Korea is currently sanctioned by a United Nations (UN) coal and textile trade embargo. The sanctions are considered to be pressuring North Korean finances so they have to find other sources of income, including by breaking into the company's investment provider of cryptocurrency.
Quoting from Quartz, reports from security firm FireEye in September 2017 and then mentioned, North Korean hackers targeting at least three digital money exchange that will be hacked over the past year.
One of the most successful attacks was that when the digital currency plaform in South Korea, Youbit was hacked in December 2017. The hack's impact, Youbit lost 17% of its assets. South Korean investigators also suspect, North Korea's involvement in the hacking of Youbit.
Quoting from the Korean Herald, in a meeting with councilors, NIS explains, North Korea is mining cryptocurrency by hacking the computers of South Koreans.
North Korean hackers use phishing, by sending fake emails to lure their targets to make the links available within them. The link contains a hacker tool capable of stealing a victim's secret token.