The hacker tried to impersonate the Korean financial regulator to deceive the exchange’s employees. According to crypto news reported on August 10, a group of malware analysts said that cryptocurrency exchange in South Korea blocked a series of hacking attacks from North Korea in June this year .
Media Newspim quoted the Seoul-based network security organization Issue Makers Lab, which had repeatedly attacked a (unnamed) Korean exchange on June 1, 14, 15, 21 and 25. . The organization hinted that these attacks were particularly complex and said hackers tried to impersonate the exchange’s employees by posing as legal representatives of the South Korean Financial Supervisory Authority (FSS). Newspim quoted the words of an executive at IssueMakersLab. “North Korea’s attack on the Korean cryptocurrency has been decreasing for some time, but now the frequency is rising again.
McAfee: North Korean hackers look up
Prior to this, researchers at cybersecurity companies McAfee and Intezer issued an announcement stating that North Korean hackers are currently reusing old malicious code to create new attacks. In March, antivirus giant McAfee released a report that found that the recent cyberattacks in the Turkish financial industry may be related to North Korean hackers. They mentioned in the report that the hacking code for this attack on Turkish financial institutions is very similar to the code in the hands of North Korean cryptocurrency hackers. Despite the recent easing of relations between the DPRK and the ROK, some cybersecurity experts in South Korea and the United States claim that as the effects of economic sanctions continue to emerge, North Korea is still launching a secret cyber war on some targets.
North Korea has been accused of launching attacks on the South Korean exchange – the most striking thing about Seoul-based government agencies is that they accused Pyongyang of raiding Bithumb, one of South Korea’s largest cryptocurrency exchanges, in 2017. Hacking attacks from North Korea cannot be ignored. Last year they forced Youbit, one of Seoul’s largest cryptocurrency exchanges, to go bankrupt. In the early morning of December 19, 2017, Youbit’s wallet was attacked on a large scale, causing 17% of the company’s assets to become ruined and forced to file for bankruptcy immediately. The Korea Information Security Agency (KISA) also accused North Korean cyber criminals of raiding the exchange Bithumb in June 2018 , causing approximately 36,000 user accounts to be attacked.
South Korea’s main website has been attacked by DDoS at the same time
According to Sina’s report on July 9, on July 7, the government departments of the South Korean presidential palace, the Ministry of National Defense, the Ministry of Foreign Affairs and Trade, and major banks and media websites were simultaneously attacked by distributed denial of service (DDoS) on the evening of the 7th. hour. South Korea is one of the countries with the highest Internet penetration in the world, and 95% of Korean households have installed high-speed broadband networks. The South Korean media pointed out that the hacking attack was a slap in the face of South Korea, which is developed by the Internet. Experts pointed out that South Korea’s Internet security is fragile and full of loopholes. Is the lucrative profit in the field of cryptocurrencies attracting a large number of hackers active in the Internet? Or the prosperity of the cryptocurrency industry led to the expansion of the hacker lineup? This is really a thought-provoking question.
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