New Data Suggests Russian Hackers were Behind Coincheck $530M Crypto Hack

New Data Suggests Russian Hackers were Behind Coincheck $530M Crypto Hack

It’s now thought that Russians were behind one of the biggest crypto heists in history, the crypto exchange Coincheck Inc heist. In January 2018, hackers broke into Coincheck, a popular cryptocurrency exchange, and made off with over $500 million in digital tokens. At the time, Coincheck didn’t reveal any details about how their system was breached, other than to say that it wasn’t an inside job. When asked how such a substantial amount of digital…

Read More

Defense Think Tank: South Asia’s Vulnerable Crypto Sector Is a Sitting Duck for North Korea

Defense Think Tank: South Asia’s Vulnerable Crypto Sector Is a Sitting Duck for North Korea

A new research paper titled “Closing the Crypto Gap: Guidance for Countering North Korean Cryptocurrency Activity in Southeast Asia,” published by the Royal United Services Institute for Defence and Security Studies (RUSI) claims that North Korea is a big threat to the South Asian crypto sector. The North Korean state has long been accused of sponsoring and supporting attacks on the crypto sector, stealing millions of dollars and hurting the community at large. The new…

Read More

Kaspersky Lab: Lazarus Group May be Targeting More Crypto Firms

Kaspersky Lab: Lazarus Group May be Targeting More Crypto Firms

Cybercrime is a longstanding criminal attack that has been plaguing several organizations, institutions, and government agencies across the globe. Tons of cash has been dedicated to fighting off this societal menace eating deep into the global economy. Alas, as more technologies and solutions are being deployed into this fight, the modes and types of cybercrime keep evolving and/or adapting to the changes. Due to this singular factor, fighting off the bad guys seems rather impossible…

Read More

Experts: Ryuk Ransomware was launched by Russian Cybercriminals, not North Korean Hackers

Experts: Ryuk Ransomware was launched by Russian Cybercriminals, not North Korean Hackers

One of the largest media groups based in the United States was a victim of a cyber attack called Ryuk ransomware during the just-concluded Holidays. The attack was attributed to North Korean state hackers because of the 2017 Hermes ransomware attack they conducted as part of a hacking operation in Taiwan. The recent Ryuk ransomware contained some traces of the Hermes ransomware, and as such, it was safe to conclude that the attack was from…

Read More

Experts: North Korea May Try to Steal Bitcoin from Private Individuals

Experts: North Korea May Try to Steal Bitcoin from Private Individuals

Cryptocurrency experts and analysts are warning users to beware of the North Korean hackers trying to steal their Bitcoins. As North Korea faces strict sanctions against its economy due to its illicit nuclear weapons program, the regime has turned its eyes from cryptocurrency exchanges to the average wallet holders. Cryptocurrencies have always made the average user a potential target because of lack of accountability and oversight of digital currencies. This new development is just another…

Read More

Report: North Korea Deepens Involvement in Cryptocurrency Scams this Year

Report: North Korea Deepens Involvement in Cryptocurrency Scams this Year

Over the last 18 months, the internet technology company Recorded Future has released details of a number of reports into North Korea’s use of the Internet. There is evidence to show that North Korea’s leaders are technologically savvy and engage with emerging and cutting-edge technologies such as cryptocurrency. Key Findings of the 18-month look into North Korea’s Internet Habits One major goal of internet usage among North Korea’s ruling elite is to create revenue for…

Read More

North Korean Hacker Crew Lazarus Steals $571M in Cryptocurrency across 5 Attacks

North Korean Hacker Crew Lazarus Steals $571M in Cryptocurrency across 5 Attacks

The North Korean hacking group, named Lazarus, is now the most profitable cryptocurrency hacker syndicate globally, stealing $571 million worth of cryptocurrency since 2017. Cybersecurity company Group-IB has released a summary of their annual report on trends in hi-tech cybercrime. Group-IB is one of the global leaders in providing high fidelity threat intelligence and anti-fraud solutions and has been active in computer forensics and information security since 2003. The summary of “Successful Attacks on Crypto…

Read More

Dr. Nouriel Roubini: Crypto Is Worse than North Korea, Vitalik Buterin “Dictator for Life”

Dr. Nouriel Roubini: Crypto Is Worse than North Korea, Vitalik Buterin “Dictator for Life”

I like Dr. Nouriel Roubini. Yes, in spite of his blatant anti-crypto stance. Even if and when you disagree with him (which happens to occur quite a lot), he always makes at least some good points which make you wonder and think. Thinking is important, or at least that’s what I’ve heard. But now, the globally renowned economist who had famously predicted the 2007-2008 financial crisis seems to went off the rails – and not…

Read More

Intelligence Experts: North Korea Exploits Cryptocurrency to Bypass Sanctions

Intelligence Experts: North Korea Exploits Cryptocurrency to Bypass Sanctions

While cryptocurrencies are rapidly adopted in democratic countries by a growing number of people, organizations and governments, it seems that digital currencies are employed as well by the most ostracized and authoritarian regimes in the world – for very different reasons. According to analysis of two distinguished American intelligence experts, the North Korean dictatorial regime has been utilizing cryptocurrencies and their unique decentralized characteristics to bypass the heavy sanctions imposed on the autocratic state. They…

Read More

WTF? North Korea Plans to Host a Global Crypto Conference in October

WTF? North Korea Plans to Host a Global Crypto Conference in October

The country with the most centralized regime in the world wishes to host a conference on the most decentralized currency and technology in the world. Seriously. North Korea appears to be actually planning an international conference (which is already surprising) that will revolve around cryptocurrency and blockchain. Shocked much? According to a report by the South Korean new agency Yonhap, the North Korean tyrannical rule is organizing a two-day cryptocurrency conference in the state’s capital,…

Read More