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Author Topic: States sponsoring crypto hacking  (Read 65 times)
Incodium Coin
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March 11, 2019, 04:56:47 AM
 #1

Hello guys,
l just stumbled on a report to the UN Security Council on the extensive involvement of North Korea in hacking incidents over the past 4 years; notably, the NEM hacking that stole more than $520m dollars. Do you see this happening again in the future? what does this mean for the future of crypto?

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March 11, 2019, 10:05:35 AM
 #2

As I quote your post, you have a lot of "size" code please lessen that in the future if you're going to post again something.

Do you see this happening again in the future?
There's no way to prevent hackings if the exchanges or any crypto service has a weak security measures. As the security tightens, these hackers will always find a way to hack but I believe that the strongest security would always win through daily updates.

what does this mean for the future of crypto?
Does this bothers you? The large companies will create for sure some rules that will disallow this kind of support.

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March 11, 2019, 10:22:18 AM
 #3

I don't think a government would be involved in that kind of act to scam people of their money, though anything is possible in this world, it is possible they are doing it just to make people scared about investing in crypto because they know that crypto is a very big threat to their economy and also their control over money.

If this act can be committed by a state, then I see a very big issue in the future for many crypto companies.

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March 11, 2019, 11:18:53 AM
 #4

Hello guys,
l just stumbled on a report to the UN Security Council on the extensive involvement of North Korea in hacking incidents over the past 4 years; notably, the NEM hacking that stole more than $520m dollars. Do you see this happening again in the future? what does this mean for the future of crypto?


They seem to be good at hacking, I just found this article posted just last year
https://blockonomi.com/north-korea-cryptocurrency-hacking/

This is one of the big issue that keeps people from having second thought investing in Cryptocurrency, exchanges that cannot prove that they are hacking proof should close shop people keep losing money because of this hacking.

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March 11, 2019, 11:36:43 AM
 #5

Its not an issue for investors but its left for you to choose most secured coins and tokens with very hardworking teams that will be ready for an hack attempt at any time,in the future it won't be a problem because many will introduce better hack proof projects

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March 11, 2019, 12:00:28 PM
 #6

We need a more detailed or extensive investigations into such issues. Anytime I hear any news concerning attacks or hack on exchanges or wallets, I get worried and scared at the same time. I have lost money from such attacks before and it is not a pleasant experience. There is more to be done to safeguard the interest of all crypto investors.
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March 14, 2019, 06:16:03 PM
 #7

I don't think a government would be involved in that kind of act to scam people of their money, though anything is possible in this world, it is possible they are doing it just to make people scared about investing in crypto because they know that crypto is a very big threat to their economy and also their control over money.

If this act can be committed by a state, then I see a very big issue in the future for many crypto companies.
When it comes to North Korea, I really don’t doubt their involvement in such kind of activities and since the report is coming from UN security though I will not believe the story to be true too until I read it myself from the source but I can’t vouch for North Korea and probably the reason why they are camouflaging about non exposure of citizens to internet usage in order not to look suspicious in anything that has to do with internet scam.

I honestly hope it is not true because this might be a bad omen for the growth of crypto.

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March 14, 2019, 06:29:08 PM
 #8

You did not notice that the information that the UN publishes depends on which countries do not have mutual understanding with the USA. Such news manipulates your mind. Today is North Korea, tomorrow is Iraq, Russia and so on. News is another option for population management.

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March 14, 2019, 06:51:56 PM
 #9

security that must be prioritized, by the way is a very large case and it is not an easy matter. security is very important to always be reviewed so companies must be active 24 hours everyday to secure the network, the future of crypto will be fine if it's true news then we must be more vigilant
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