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North Korea behind cryptocurrency hacks, says Seoul

Staff Writer | December 16, 2017
Seoul's state intelligence agency has found evidence North Korea was behind the recent hacking of South Korean cryptocurrency exchanges.
North Korea computers
Technology   The personal data of around 30,000 people
The personal data of around 30,000 people was stolen from the South's leading exchange, Bithumb, in June, while September saw the theft of cryptocurrency from the Coinis exchange.

Sources cited by the Yonhap News Agency claim South Korea's National Intelligence Service (NIS) has found a link between those incidents and previous North Korean cyberactivity.

The connection centers on the same code used in the hacking of Sony in 2014 as the North protested the release of a movie depicting the assassination of the reclusive state's leader, Kim Jong-un.

Earlier this month, Bithumb became the first local exchange to be fined for failing to protect investors, but prosecutors are expected to expand their scope to the North.

Pyongyang is known to operate a sophisticated network of hackers and has been blamed for numerous attacks on South Korean state and private facilities.

Concerns have been spiraling for buyers of cryptocurrency given the absence of regulation in the South.


 

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