North Korean hackers target Bitcoin to bypass US and China sanctions, claim researchers
7 years, 6 months ago

North Korean hackers target Bitcoin to bypass US and China sanctions, claim researchers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy North Korean hackers are increasingly targeting Bitcoin as a way to circumvent international sanctions, researchers have claimed. The UN Security Council has agreed to impose new sanctions on North Korea following its sixth and largest nuclear test, banning textile exports and capping fuel supplies, but such measures may mean North Korea focuses its efforts on generating revenue through cybercrime. “Now, we may be witnessing a second wave of this campaign: state- Mr McNamara said North Korea's secretive Office 39, which is thought to be involved in generating black market funds through gold smuggling and counterfeiting foreign currency, could be linked to the hackers. His report noted how escalating sanctions against North Korea were associated with an increase in spearphishing campaigns and malware attacks targeting South Korean Bitcoin exchanges.

History of this topic

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