North Korea hackers step up Bitcoin attacks amid sanctions


  • TECH
  • Tuesday, 12 Sep 2017

Stacks of bitcoins sit near green lights on a data cable terminal inside a communications room at an office in this arranged photograph in London, U.K., on Tuesday, Sept. 5, 2017. Bitcoin steadied after its biggest drop since June as investors and speculators reappraised the outlook for initial coin offerings. Photographer: Chris Ratcliffe/Bloomberg

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. 

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