South Korea says North stole cryptocurrency worth billions of won last year


South Korea said on Monday that North Korea last year stole cryptocurrency from the South worth billions of won and that it was still trying to hack into its exchanges.

“North Korea sent emails that could hack into cryptocurrency exchanges and their customers’ private information and stole (cryptocurrency) worth billions of won,” said Kim Byung-kee, a member of South Korea’s parliamentary intelligence committee.

To put “billions” in perspective, 1 billion won equals $917,400.

Kim did not disclose which exchanges were hacked.

He added that the country’s spy agency assumed that North Korea was continuously trying to hack into exchanges to steal cryptocurrency and that it was trying its best to prevent further hacking.

—CNBC contributed to this report

Source link

Products You May Like

Articles You May Like

Facebook co-founder Chris Hughes wants $500 per month in basic income
Gig economy workers must get creative to save for retirement
Aimmune’s peanut allergy drug meets main goal, shares surge
China and Pakistan’s Belt and Road plan might not convince other investors
After tax cuts passage, advisors rushed to stop panicked client errors

Leave a Reply

Your email address will not be published. Required fields are marked *