Spy agency warns North Korea may be behind 520 Million cryptocurrency heist

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CyberWisdom Safe Harbor Commentary on major cryptocurrency heist:
A recent story from cnbc.com highlights by people familiar with the situation, South Korean state espionage agencies told parliamentary committees that North Korean hackers may break into a digital currency exchange in Japan to steal $520 million worth of digital coins. First reported by Rueter News.
People familiar with North Korea’s intelligence commission procedures told Reuters reporters: “North Korea is likely to be stolen.”
Because of the sensitivity of the issue, those who declined to be named added that the virtual coin market remains a possible target for North Korean hackers because of its size and scale, but there is no conclusive evidence that North Korea is behind the theft.
Japan’s electronic moneychanger Coincheck raided Friday to fix a loophole in computer networks before hackers stole $ 530 million in electronic money in January.

The source said the virtual currency market remains a possible target for North Korean hackers because of its size and small size, but there is no definitive evidence of North Korea’s responsibility.
Last month, Coincheck, one of Japan’s largest electronic currency exchanges, said it had stolen about 58 billion yen (533 million U.S. dollars) of NEM virtual coins and it would have returned 46.3 billion yen Investors who lost money.
Another person who spoke with Reuters said that “it is possible, but not possible, based on evidence” that North Korea is behind the theft.
Reuters said both men declined to be named due to the sensitivity of the issue. A spokesman for the National Intelligence Service declined to comment.
The reporter saw the sign beside Encrypted Currency Exchange Coincheck, while the Japanese financial regulator conducted a field inspection of Coincheck on February 2, 2018 in Tokyo, Japan. Reuters / Kim Kyung-HoonThe report sparked speculation that Pyongyang may once again release cyber attacks.The United States publicly accused North Korea of launching the so-called WannaCry cyber attack, which paralyzed hospitals, banks and other companies around the world by 2017.
A South Korean lawmaker said on Monday that North Koreans were responsible for the theft of billions of dollars in a locally encrypted currency exchange in 2017.
Kim Jong-Ki, a member of the South Korean Parliamentary Intelligence Committee, said on Monday: “E-mail sent by North Korea may invade the private information of cryptocurrencies and their clients and steal billions of cryptocurrency.
Cryptocurrency Exchange Coincheck’s signboard was in front of the building where the office in Tokyo, Japan was located on February 2, 2018. REUTERS / Kim Kyung-HoonKim did not say which exchanges were hacked.
These reports also appeared as Japan quickly cleaned up the cryptocurrency market after the Theft in Coincheck.
Japanese authorities raided its system Friday at Coincheck and said it has already called for a clearinghouse to fix bugs in the computer network before the theft.
Japan’s top government spokesman and chief cabinet secretary Hideki Jizuka said Tuesday that Japan collected and analyzed information about North Korea’s cyber attack capacity but declined to comment on a specific analysis.
“We recognize that how we deal with cyber attacks is an important issue for our country’s security, crisis management, and economic growth,” he told reporters on regular morning stress. “We want to work with the international community with a sense of urgency.”
($ 1 = 1,093.1300 won) The source said the virtual currency market remains a possible target for North Korean hackers because of its size and small size, but there is no clear evidence that North Korea is responsible.
Last month, Coincheck, one of Japan’s largest electronic currency exchanges, said it had stolen about 58 billion yen (533 million U.S. dollars) of NEM virtual coins and it would have returned 46.3 billion yen Investors who lost money.
Another person who spoke with Reuters said that “it is possible, but not possible, based on evidence” that North Korea is behind the theft.
Reuters said both men declined to be named due to the sensitivity of the issue. A spokesman for the National Intelligence Service declined to comment.
The reporter saw the sign beside Encrypted Currency Exchange Coincheck, while the Japanese financial regulator conducted a field inspection of Coincheck on February 2, 2018, in Tokyo, Japan. Reuters / Kim Kyung-HoonThe report sparked speculation that Pyongyang may once again release cyber attacks.The United States publicly accused North Korea of launching the so-called WannaCry cyber attack, which paralyzed hospitals, banks, and other companies around the world by 2017.
A South Korean lawmaker said on Monday that North Koreans were responsible for the theft of billions of dollars in a locally encrypted currency exchange in 2017.
Kim Jong-Ki, a member of the South Korean Parliamentary Intelligence Committee, said on Monday: “E-mail sent by North Korea may invade the private information of cryptocurrencies and their clients and steal billions of cryptocurrency.
Cryptocurrency Exchange Coincheck’s signboard was in front of the building where the office in Tokyo, Japan was located on February 2, 2018. REUTERS / Kim Kyung-HoonKim did not say which exchanges were hacked.
These reports also appeared as Japan quickly cleaned up the cryptocurrency market after the Theft in Coincheck.
Japanese authorities raided its system at Coincheck on Friday and said it had already called for clearing the flaws in computer networks before the burglary occurred.
Japan’s top government spokesman and chief cabinet secretary Hideki Jizuka said Tuesday that Japan collected and analyzed information about North Korea’s cyber attack capacity but declined to comment on a specific analysis.
“We recognize how we deal with cyberattacks is an important issue for us

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South Korea’s spy agency reportedly said North Korean hackers may have stolen $520 million in digital tokens…. Engaging post, Read More…
thumbnail courtesy of cnbc.com.
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