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| December 13, 2018

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Pyongyang: Detained American Will Be Deported

November 16, 2018 |

North Korea said Friday that it will deport an American citizen it detained one month ago for illegally entering the country. The announcement suggests that North Korea still wants to maintain the mood for dialogue with the United States despite stalled nuclear diplomacy, the AP reports. In the past, North…
Newser

U.S. Surprised as Pyongyang Scraps Talks

November 9, 2018 |

North Korea’s decision to call off high-stakes talks with Secretary of State Mike Pompeo scheduled for Thursday exposes divisions between the two countries over denuclearization and the diplomatic process to try to achieve it.
WSJ.com: What’s News Asia

Trump Pledges ‘Security Guarantees’ to Pyongyang

June 12, 2018 |

President Trump and North Korea’s Kim Jong Un concluded an extraordinary nuclear summit Tuesday with the US president pledging unspecified “security guarantees” to the North and Kim recommitting to the “complete denuclearization of the Korean Peninsula,” the AP reports. They coupled the summit agreement with lofty promises by Trump to…
Newser

Intelligence: Pyongyang Trying to Steal Cryptos before Pyeongchang Olympics

February 6, 2018 |

Intelligence: Pyongyang Trying to Steal Cryptos before Pyeongchang Olympics

Despite some cracks on the icy surface of inter-Korean relations, caused by the Olympic spirit, tensions on the silent crypto front in Korea remain high. South Korean intelligence has informed lawmakers in Seoul that the North keeps trying to hack cryptocurrency exchanges south of the DMZ. Cryptos worth billions of won have been stolen by DPRK hackers last year, the secret service says.

Also read: Hong Kong Hacker Arrested in Blackmail for Bitcoin Case

All is Not Quiet on The Crypto Front

North Korea is continuously trying to hack South Korean cryptocurrency exchanges, the National Intelligence Service told deputies on Monday. The spy agency is doing its best to prevent further hacking, after DPRK hackers allegedly stole digital coins worth billions of Korean won last year.

“North Korea sent emails that could hack into cryptocurrency exchanges and their customers’ private information. It stole cryptocurrency worth billions of won”, said Kim Byung-kee, member of South Korea’s parliamentary Intelligence Committee, quoted by Reuters. The deputy did not reveal details about the targeted platforms.

In December, the South Korean intelligence agency announced it had evidence of North Korean involvement in the attack on Bithumb. Personal data of more than 30,000 users of the crypto exchange had been stolen in the hack. Korean authorities fined its operator for leaking private information, as news.Bitcoin.com reported. Bithumb is said to be the world’s largest cryptocurrency exchange by trading volume.

Intelligence: Pyongyang Trying to Steal Cryptos before Pyeongchang Olympics

Hackers from the notorious Lazarus Group were implicated in the 2017 attacks on South Korean cryptocurrency exchanges, Korean media reported in mid-January. They are believed to be linked to the DPRK regime. The internet company Recorded Future claimed in a report that North Korean government actors (including Lazarus Group) continued to target South Korean exchanges and their users in late 2017. The attacks went on until Kim Jong Un’s New Year’s “peaceful resolution” speech, after which the dialogue with the South was reestablished, Sputnik reports. Beside exchanges and crypto users, the hackers also targeted South Korean students with interests in foreign relations.

Hacking May Overshadow “United Korea” Olympiad

With rare exceptions, relations between North and South have been tense for the most part of the decade-long conflict on the divided Korean Peninsula. The two Korean states are technically at war, as only an armistice, not a peace treaty, has been signed to maintain the peace. The 1953 ceasefire agreement silenced guns but did not end hostilities on the silent front. Nuclear tests, rocket launches, kidnappings and occasional artillery shelling have reminded everybody that the war is not over. In the digital age, the isolated communist North has allegedly employed cyber warfare tactics and techniques that have reached the world of cryptos like bitcoin, where South Korea is a major player.

Intelligence: Pyongyang Trying to Steal Cryptos before Pyeongchang Olympics

Periods of less tension have created conditions for some positive developments – families have been united, joint projects like the Kaesong Industrial Zone have been realized. The Winter Olympic Games, to be held this February in Pyeongchang (South Korea), opened another window of opportunity. The two Korean states agreed to march together during the opening ceremony under the Korean Unification Flag. A Unified Korea women’s ice hockey team will compete in the games.

The new information about ongoing hacking attacks on South Korean crypto exchanges, reportedly sponsored by the North, comes days before the official start of Pyeongchang 2018 (9 – 25 February). It coincides with reports that North Korea’s de jure head of state Intelligence: Pyongyang Trying to Steal Cryptos before Pyeongchang Olympicswill arrive in Pyeongchang this week. 90-year-old Kim Yong-nam, who will be the most senior North Korean official to ever visit South Korea, is the acting president of DPRK’s parliament.

An unnamed official from the South Korean presidential administration, quoted by BBC, said that Kim’s visit reflected the North’s willingness to improve inter-Korean relations, and demonstrated sincerity. Born in a family of North Korean refugees, South Korean President Moon Jae-in recently told CNN he wanted to be the leader “who built a peaceful relationship between North and South”.

Do you think reports of continuing North Korean attacks on South Korean crypto exchanges will cast shadow over “United Korea” Olympics? Tell us in the comments section below.


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The post Intelligence: Pyongyang Trying to Steal Cryptos before Pyeongchang Olympics appeared first on Bitcoin News.

Bitcoin News

After 50 Years, Pyongyang Still Has Captured US Ship

January 25, 2018 |

Fifty years after it was seized by North Korea, the USS Pueblo is the only US Navy ship held captive by a foreign government. And though mostly forgotten in the United States, the “Pueblo Incident” for North Korea remains a potent symbol of military success. The spy ship, attacked and…
Newser

US Blames Pyongyang for ‘Cowardly’ Cyberattack

December 19, 2017 |

It’s official, according to Trump aide Thomas Bossert: The US publicly blames the massive “WannaCry” ransomware attack earlier this year on North Korea. “We do not make this allegation lightly. It is based on evidence,” Bossert writes in the Wall Street Journal . He accuses Pyongyang of being “directly responsible” for…
Newser

Latest North Korean missile could hit entire US mainland, Pyongyang says

November 29, 2017 |

North Korea’s state television said Wednesday that the nuclear-capable intercontinental-ballistic missile that was launched earlier is “significantly more” powerful than the previous weapon and puts the entire United States in its crosshairs.
FOX News

Trump to Pyongyang: ‘Do Not Try Us’

November 8, 2017 |

President Trump refrained from calling Kim Jong Un “Rocket Man” in a blistering speech to South Korean lawmakers Wednesday, but he was otherwise unsparing in his denunciation of the North Korean regime. “Do not underestimate us. Do not try us,” he warned Kim, directly addressing the North Korean leader and…
Newser

In South Korea, Trump Tells Pyongyang It’s Time for a Deal

November 7, 2017 |

President Trump is in South Korea—and he hasn’t repeated his rhetoric about bringing “fire and fury” down on its northern neighbor. In a joint press conference with South Korea’s President Moon Jae-in, Trump said he’d seen a “lot of progress” in dealing with Pyongyang and urged the country to…
Newser

Pyongyang Slams US ‘Surprise Nuclear Drill’

November 3, 2017 |

The North Korea situation is heating up again —just in time for President Trump’s visit to the region. On Thursday, two Guam-based American B-1B Lancer strategic bombers joined Japanese and South Korean jets for drills near the Korean Peninsula, Reuters reports. American authorities describes the exercises as a routine mission,…
Newser