Report shows North Korea is behind a new campaign of cryptocurrency cyberattacks

Author: Justin Low | Category: Cryptocurrency

US cybersecurity firm Recorded Future identified the Lazarus group - a hacking operation with links to North Korea - as behind the malware campaign

Back in December, there were fingers pointed at North Korea to be behind the hacking of one of South Korea's cryptocurrency exchanges here. And in its recent report released yesterday, US cybersecurity firm Recorded Future is mounting further evidence of foul play towards the matter by Kim Jong Un's regime.

Cybersecurity experts say that Lazarus group is a cybercrime unit controlled by the North Korean state - in which they were linked with the $7 million attack on South Korea's Bithumb last year as well as the WannaCry ransomware attacks.

The report says that the attacks in late 2017 "more closely resembled previous confirmed North Korean cases with respect to the coding, techniques and targets - giving a high level of certainty about its genesis".

It adds that the Lazarus attackers appear to be targeting users of both a widely used South Korean word processor and Coinlink, a Seoul-based cryptocurrency exchange.

To end, the report says that if South Korea regulators move to shut down cryptocurrency exchanges then the hackers could begin targeting markets elsewhere.

Well, if you can't find someone to blame, just blame North Korea I guess. In any case, this is just a glimpse into one of the uglier sides (apart from the volatility) of cryptocurrency trading.

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