Bitcoin Forum

North Korean hackers are targeting cryptocurrency exchange sites. This is the result of the recent sanctions that the united nations has made on North Korea. It has been said that North Korea is also planning to start mining at a very large scale to overcome those sanctions.

http://money.cnn.com/2017/09/12/technology/north-korea-hackers-bitcoin/index.html

This is the new, modern day warfare. I agree with Trump, its time to finally deal with the NK problem. It has been put off far too long, and now look at the situation the world finds itself it.

Exchanges always remain under the target of hackers. This is definitely not new. But North Korean hackers are gaining so much importance because of US- North Korea tension. The apread of news before hacking atleast can put exchanges on alert.

More than likely there are hackers out there trying to target exchanges nearly 24/7. Always someone trying to profit off of someone's hard work. It's not easy to combat this sort of thing but lots more go unsuccessful than not. With that being said we should "seize" their communist cold storage wallets

haha, this is funny! warning us about something that has been happening every day. it is like saying "cars move fast on highways".
any system online that is dealing with money and has some value is being attacked on a daily basis. every day lots of credit cards get hacked and stolen. exchanges, gambling sites, other services have been under attacks too.
and it is not just "North Korean hackers" there are a lot of others sitting in their parents' basement and not seeing the light of day all day long made them believe they are hackers.

Are you sure about that? What site did you get this information? If this is true, then that's interesting since we all know that North Korea don't allow their citizens there to use internet. But this make sense because some countries cut their ties to NoKor. Im aware that every exchange are vulnerable from attacks. I already seen a lot of that in the past 2 years. Bitfinex and Mt.Gox, they've been hacked and stole a lot of amount of tokens from their site. That's why i don't store huge amount on exchange.

But i think the main reason why united nations sanctioned NoKor is because of the missile testings.

How or where did you get this news from and can you send us or comment here the link. If it is true, well I think hackers are really targeting exchanges not sure about the North Korean part though but it could be true too.

I have included the link

if North Korea start mining on a large scale would that be good or bad for bitcoin? i would imagine it would be bad because the rest of the world would view bitcoin even more as a -rogue- currency but good because there is more adoption

Oh yeah, I think I read about this news somewhere. It's true that these exchanges have always had targets on their backs because how much there is to gain on attacking them, but I think this is at least a slight cause of concern. Small hacker groups are one thing, state funded cyber terrorism groups are another. We can all joke that North Korea is piss poor and couldn't even feed its citizens properly, but we know they're taking warfare, both military and cyber, seriously. I'm not saying that North Korea will cause cyberspace doom or anything, but maybe we should start taking extra precautions.

And how do they plan on mining it?
I doubt they have enough picks and forks to do it.

NK is heavenly dependent on oil they need to sell their coal as cheap as it gets to get money to survive.
Building a huge mining farm will strain their network beyond what they can build with their resources.

Just think how much they will need to invest, how much they will need to spend and fortunately for us they have a few more important things to focus on.
And the first one is FOOD.

North Korea is capable of conducting some special war and maybe attack on exchangers could be a part of that. If many exchangers would be affected that would influence on Bitcoin price in huge scale.
But I don't think that they could become a big "mining power" or that are even interested in that.

We can blame the previous presidents for putting up with a Nuclear Powered North Korea for such a very long time.And I would want to know why people keep all their bitcoins in exchanges as we already know from previous times that they are hacked all the time.

To be a target for regular hackers is one thing, but to be a target for the state supported hackers is entirely another. This threat is more dangerous because regular hackers do not have resources the state of North Korea has. It is obvious that you can't do things like that in North Korea without government sanction. So it's not some evil individuals who are to blame, it's the government of North Korea and this should be clear.

I would be surprise if they hadn't done it yet. I assumed that they are targeting South Korean exchanges and as far I can remember there was one S. Korean that was hacked recently. But I don't know if North Korean is too blame. They have even a school who taught how to do cyber attacks. They called it Unit 180. So its really possible with so much money involved in a exchange a likelihood that North Korea will target it is very high.

http://www.reuters.com/article/us-cyber-northkorea-exclusive/exclusive-north-koreas-unit-180-the-cyber-warfare-cell-that-worries-the-west-idUSKCN18H020

seeing that NK capable of creating nuclear weapon, I assume that making income from bitcoin by hacking exchanges and mining is not an impossible thing from them, if you realize how they could gain such technology to create nuclear then you'll easily know that they are really capable of mining with big amount of powers.

there is nothing more than usual for us to be aware of. it is all the same old risks of exchanges getting hacked or running away with our money in their hands and it has happened so many times that it is starting to become an annual thing when one of them allegedly gets hacked and someone (probably even the owner) pockets a large sum of money.

that is the price we have to pay for using these centralized and crappy cryptocurrency exchanges and i believe almost every trader knows and accepts these risks.

APT landscape of even the smallest exchange is insane, NK government sanctioned hackers are just another drop in the puddle of piss.

We can surely see that North Korea has a lot of resources to simply do such a thing, but the tyrant of a leader he is and a lot was possibly ban in North Korea I think citizens right now don't have knowledge from other countries or with bitcoin, I think even if some have a knowledge bitcoin is ban in them so I think this is the work of the government and they really are in desperate need of resources.

Who knows, from where come hackers ? Why North Korea would be interested to hack exchanges ? I did not hear in the news, that North Korea would be interested in crypto market. They are making and testing missiles and make self marketing over the world in the news with Trump promoting support.  ;D

I think this is no news, hackers had been targeting exchanges and other financial institution to get out of these institution.  Though it is surprising that North Korean Hackers are targeting Cryptocurrency eschanges when they can try to hack international banks. Though probably it is because of the decentralized system and the full access on the address right after it was transferred.  Though this should had been a news all over the globe if it is true.

I agree, the news hasn't appeared on any reputable news site, which should happen if the news is true. However, I've found at least 3 sites which were talking about it:

https://www.coindesk.com/report-north-korea-targets-south-koreas-bitcoin-exchanges-cyber-attacks/

https://techcrunch.com/2017/09/13/north-korea-hackers-bitcoin-ethereum/

http://www.express.co.uk/news/world/853444/north-korea-kim-jong-un-pyongyang-bitcoin-hack-hackers-nuclear-war-usa-donald-trump

I don't know whether they can succeed in hacking foreign exchanges, but they definitely can try that.

Actually they are scaring world because they know that if they scare the world then they will be more power and people will afraid from them so that's why they are doing that as you mentioned trump in a middle don't even expect from him.

hacking international banks will trigger more sanction from the world to their country, other thing if they are stealing money from cryptocurrencies exchange which out of any government coverage.
no government backing up bitcoin, i'd say, more convenient and safer option for NK to go .

Old news, south korea’s top crypto exchange bithumb, the world’s fourth largest exchange, was hacked in late June, while the country’s top ethereum exchange is said to have lost over $1 million via a breach earlier this month. They suspect NK hackers.

I would be much more scared of the hackers that people don't know of. If you read about the blogs of exchanges sometimes it is clear that there are thousands upon thousands of hacking attempts daily.

There is so much to gain that they simply have a huge target on their backs.

Recently lots of spam email about bitcoins offer and stuff, beware of those spam, don't open it just delete or put it ion junk mail.

Is it true ? Is this not propaganda news ? I think they will think many times before doing the execution. how do they know NK hackers will act?

with last decade equipment and highly monitored nw ok, here i go catch some popcorn and watch this

Another FUD with no proof? Hackers all around the world want to target exchanges, even if they aren't BTC.

North Korea also has an electricity problem

http://static2.businessinsider.com/image/56fe637852bcd05c658ba09c/3-maps-that-explain-north-koreas-strategy.jpg

I doubt that would be profitable for them to mine.

And at most 1800 BTC can be mined by days by EVERYONE in the network, how much would they get with mining?

There is some proof. See the CNN report here: http://money.cnn.com/2017/09/12/technology/north-korea-hackers-bitcoin/index.html


As indicated, though, the scope of the attacks is much more limited than the OP suggested. These attacks are primarily aimed at South Korea. But this is certainly a good opportunity to consider one's security in regards to exchange accounts. Phone number porting is becoming more and more problematic these days; you should always use a form of 2FA that cannot be socially engineered.

The problem with North Korea is that is not really a country it is closer to a cult, where the leader is everything, even if all the North Korea leaders disappeared overnight, you have a population that has been completely brainwashed, so I do not see how the problem is going to disappear anytime soon.

Exchanges are a dream for every hacker. One exchange hacked and the hacker become rich.

North Korea is much smarter than most North Americans are led to believe by our governments. The reality is they are a highly technical country with Nuclear weapons and top-notch hacking skills. We must take them seriously!

What's new about hacking the exchanges? It's never been old as hackers are keeping an eye all the time on where it has a big money on it's business. But North Korean hackers, seriously as I watched in some documentaries they are also good in information technology is this what Kim Jong Un teaches them? And the famous reminder that don't store your bitcoins on an exchange should be followed.

Banks have more money but they can always get that money back some way or another but with bitcoin this is not the case once that bitcoin is in your wallet then there is no way to get it back, I think this is what is making bitcoin attractive not only to North Korea hackers but to hackers in general.