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Bitcoin – North Korean Hackers Attack Upbit in South Korea

North Korean Hackers Attack Upbit in South Korea

The unending activity from North Korea has touched so many people in so many countries, even Hollywood when an unflattering depiction of North Korean leader Kim Jong-un appeared as a comedy. A studio was hacked and threats were made to some staff. But the most recent story comes when news correspondents, an article from Bitcoinmagazine.com attributed to Landon Manning, when he suggested that the wave of articles detailed a ploy to steal Upbit users` information.

The emails that was part of what is called “phishing” for more information made its way to clients, and without surprise, asking them for more information. North Korean hackers have been, according to Mr Manning, active meddlers in the South Korean crypto space for several years. This is of course, well known to many. The Lazarus Group, for example, has stolen more than $571 million in a period of just over a year in both 2017 and 2018, with the targets largely being South Korean crypto exchanges. With the constant risk and threat of attacks from bad actors, the efforts from the team at East Security have been strong in their response.

That most recent attack has been foiled by this top shelf team. There have been times when Upbit has appeared in the news, one being last December when allegations of fraudulent activity was reported. We have no comment on this report but collectively these problems make it clear that the crypto world needs more security and more support from regulators.

Team Classiarius



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Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

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