News South Korea says North stole cryptocurrency worth billions of...

South Korea says North stole cryptocurrency worth billions of won last year

-

- Advertisment -

South Korea said on Monday that North Korea last year stole cryptocurrency from the South worth billions of won and that it was still trying to hack into its exchanges.

“North Korea sent emails that could hack into cryptocurrency exchanges and their customers’ private information and stole (cryptocurrency) worth billions of won,” said Kim Byung-kee, a member of South Korea’s parliamentary intelligence committee.

To put “billions” in perspective, 1 billion won equals $917,400.

Kim did not disclose which exchanges were hacked.

He added that the country’s spy agency assumed that North Korea was continuously trying to hack into exchanges to steal cryptocurrency and that it was trying its best to prevent further hacking.

—CNBC contributed to this report

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Blockchain, Bitcoin, and Mashed Potatoes

According to studies, over the next 5 years, many of the major supermarkets are expected to...

Different Facets of Biometric Authentication and How They Are Making A Difference in The Financial Sector

When we think of authentication in the true sense, then we find ourselves amid the different proven...

UNICEF’s 125 ETH Investment Took Less Than 20 Minutes and Cost Less Than $20

"The digital world is coming to us faster than we could have imagined," said UNICEF chief Chris...

Analysis: Is Bitcoin (BTC) Still Viewed As A Dark Web Currency?

There is a long past of Bitcoin (BTC) – due to its anonymity – being used in...
- Advertisement -South Korea says North stole cryptocurrency worth billions of won last year

A Beginner’s Guide to Day Trading Crypto

Much of the activity that comes from the crypto-space originates from the crypto-trading community. Buying and selling...

1/3 of Institutional Investors Have Cryptocurrency Placements

What the research by Fidelity Investments shows. In the US and Europe, 36% of...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you