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Cybersecurity

North Korea Is Dodging Sanctions With a Secret Bitcoin Stash

  • North Korean hackers target South Korea’s ethereum exchanges
  • Crypto-currencies become tool to raise and launder money
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How North Korean Hackers Are Stepping Up Bitcoin Attacks

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North Korea appears to be stepping up efforts to secure bitcoin and other cryptocurrencies, which could be used to avoid trade restrictions including new sanctions approved by the United Nations Security Council.

Hackers from Kim Jong Un’s regime are increasing their attacks on cryptocurrency exchanges in South Korea and related sites, according to a new report from security researcher FireEye Inc. They also breached an English-language bitcoin news website and collected bitcoin ransom payments from global victims of the malware WannaCry, according to the researcher.