North korean hackers attempt to steal bitcoin
The regime first needs to gain access to cryptocurrencies, then it must pump up the prices of those assets to maximize its returns. Finally, it needs to dispose of its coins and receive the hard currency the Kim regime so desperately desires.
North Korea is essentially bankrupt, so opening a Coinbase wallet was never going to be the right approach. Instead, the country has taken advantage of its skill sets to steal bitcoins and other cryptocurrencies from around the world. Earlier this week, SecureWorks announced that it had determined that the Lazarus group, which it assessed to be behind the late Sony cyber attack, was likely the party responsible for a spearfishing campaign targeting bitcoin traders with an email offering a CFO job for an unnamed bitcoin company.
Clicking on a link would install software that would allow a hacker to seize control of the device, presumably to steal wallet accounts. In addition, the South Korean bitcoin exchange Youbit has allegedly faced multiple waves of attacks from North Korean hackers. On Tuesday, the exchange collapsed and officially shut down. North Korea is actively hacking the bitcoin and cryptocurrency ecosystem in a push to gain as much cryptocurrency for the regime as possible.
If that were the entire story, it would be interesting, but not devilish. Where North korean hackers attempt to steal bitcoin Korea gets even more interesting is how it pumps up the price of crypto assets by increasing uncertainty and distrustfulness through its nuclear north korean hackers attempt to steal bitcoin testing and traditional bank hacking. Retail Asian investors are key to the dizzying gains made by bitcoin and other cryptocurrencies this year.
But there also is the instability and uncertainty of North Korea, which has north korean hackers attempt to steal bitcoin expanded its nuclear missile testing over the past three years. Beforethe country had launched a total of 39 missile tests according to a data set from the Center for Nonproliferation Studies.
There were then 19 tests in15 in24 in and 20 so far this year, totaling 78 tests in the last three years, or exactly double the number of all tests conducted in the previous six decades. While South Koreans are largely inured to the antics of their northern neighborthe increasing scale of the missile tests has increased the general awareness in the region that the Kim regime could create vast economic instability, and on a particularly short time scale.
Fear, uncertainty and doubt are a powerful elixir, and together, they have assisted with the reception of cryptocurrencies in Asia. Now that the price of Bitcoin and many other cryptocurrencies has jumped, the North Koreans are presumably trying to end their exposure and translate their hard hacking work into real currency.
While Bitcoin is not anonymous, various techniques can be used to limit north korean hackers attempt to steal bitcoin. Who better to launder money than a country that has specialized in that business for decades?
Kim Jong Un may not literally own a Coinbase account or does he? Kim may well be the next crypto-millionaire, and might have helped thousands of others in the process. Naturally, bitcoin trading came next.
But if youвre determined to get some trading done, just do so with the full cognizance that youвre taking on a fair degree of risk. Research takes a lot of time and it' s been a bit of a premium lately. Once you placed the order, the apk tells you if it was filled or not.