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| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"hubtechinfo",<br>"permlink":"nk-absolutely-amassing-bitcoin-south-korean-exchange-bankrupted-by-hack",<br>"title":"NK \u2018Absolutely Amassing\u2019 Bitcoin,<br> South Korean Exchange Bankrupted By Hack",<br>"body":"https:\/\/cointelegraph.com\/images\/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xZDU0NDZiY2MxZDcxNGU3YzI0ZjdlNDg4OWQwYmUxNy5qcGc=.jpg\n\nCrowdStrike CEO George Kurtz has told mainstream media that North Korea is \u201cabsolutely\u201d stockpiling Bitcoin to launch cyber attacks.\n\nSpeaking to CNBC amid a flurry of reports the rogue state is using cryptocurrency to launch attacks on South Korea in particular,<br> cybersecurity expert Kurtz said there was no need to doubt that it is \u201camassing\u201d Bitcoin via theft.\n\n\u201cI certainly think it highlights the capabilities that North Korea has in cyber\u2026 It\u2019s something a lot of companies should be concerned about,<br> particularly those companies that are dealing in Bitcoin and cryptocurrencies,<br>\u201d he said.\n\nNorth Korea\u2019s propensity to steal Bitcoin from South Korean exchanges has become a common narrative as exchanges across the country report hacks this year.\n\nNotably,<br> leading exchange Bithumb saw funds disappear en masse in July,<br> while this week,<br> smaller exchange Youbit filed for bankruptcy due to a hack which lost it 17 percent of its assets. That hack is now being attributed to North Korea.\n\n\u201cThey're building a cache of Bitcoin,<br> if you think about it. It's an anonymous currency,<br> it can easily bypass any sort of sanctions because there are none on Bitcoin,<br> and the value has increased dramatically,<br>\u201d Kurtz continued.\n\n\u201cIt's the perfect currency for North Korea to be hoarding.\u201d\n\nThe US government has recently said that the NK was the perpetrator of this year\u2019s WannaCry cyberattack which paralyzed major businesses across the world with Bitcoin ransomware.\n\nSource Page: https:\/\/cointelegraph.com\/news\/nk-absolutely-amassing-bitcoin-south-korean-exchange-bankrupted-by-hack",<br>"json_metadata":" \"tags\":[\"bitcoin\",<br>\"ransomware\",<br>\"attack\",<br>\"crypto\",<br>\"cryptocurrencies\" ,<br>\"image\":[\"https:\/\/cointelegraph.com\/images\/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xZDU0NDZiY2MxZDcxNGU3YzI0ZjdlNDg4OWQwYmUxNy5qcGc=.jpg\" ,<br>\"links\":[\"https:\/\/cointelegraph.com\/news\/nk-absolutely-amassing-bitcoin-south-korean-exchange-bankrupted-by-hack\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
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