What's more, many exchanges do not end up providing recourse
for stolen cryptocurrencies, or if they do promise some method of recovery, those affected are often left waiting indefinitely.
Kim Byung - kee, a member of South Korea's parliamentary intelligence committee, said this week that North Korea
stole cryptocurrency worth billions of South Korean Won (millions in U.S. dollars) over the course of the last year, mostly stolen through phishing campaigns.
North Korea last
year stole cryptocurrency from South Korea worth billions of won, said Seoul's top spy agency Monday, accusing the reclusive regime of trying to hack into exchanges by sending emails with customer information.
Facebook, Chrome, and cryptocurrency users should be on the lookout for a new malware strain named FacexWorm that infects victims for the purpose of stealing passwords,
stealing cryptocurrency funds, running cryptojacking scripts, and spamming Facebook users.
Mobile malware dedicated to
stealing cryptocurrency usually leverages malicious miners that infect devices to collect coins through a mobile web browser or via nefarious apps.
Recent research from IBM X-Force highlighted banking Trojan operators» increasing interest
in stealing cryptocurrency and analyzed a webinjection scheme the TrickBot Trojan used to deliver stolen coins to attackers» wallets.
The ability of regimes like Kim Jong Un's North Korea to mine or
steal cryptocurrencies such as bitcoin is a new reason to be cautious in treating these commodities as currencies.
Reclusive North Korea has been implicated in exchange hacks and scams on numerous occasions, as well as unsuccessful attempts at
stealing cryptocurrencies from trading sites, as previously reported.
South Korean intelligence officials have accused state - sponsored North Korean hackers have
stolen cryptocurrency worth billions of won.
But others — including the developers who created
the stolen cryptocurrency — have suggested not all may be as it appears.
«Until we know otherwise, all users should presume these files were created with malicious intent — to
steal cryptocurrencies and / or user information,» they said.
Further, at this time, there is no governmental, regulatory, investigative, or prosecutorial authority or mechanism through which to bring an action or complaint regarding missing or
stolen cryptocurrencies and digital tokens.
Amid reports that popular bitcoin trading exchange Mt. Gox has filed for bankruptcy after losing around $ 480 million, Dell SecureWorks has warned that over 100 families of bitcoin malware are lurking around to
steal your cryptocurrency.
Cybercriminals are emulating PC malware to develop mobile banking Trojans that leverage malicious miners to
steal cryptocurrency and deliver it to attacker - controlled wallets.
Some of
the stolen cryptocurrency from Coincheck Inc. is likely to have been converted into other digital currencies in a possible attempt at money laundering
Fortunately, the withdrawal of funds was programmed to include a waiting period that the hacker was unable to bypass before exchanging
their stolen cryptocurrency to offline currency.
Or a thief cracks your private key and
steals your cryptocurrency.
With ether currently trading at roughly $ 17.50 per coin, that puts the value of
the stolen cryptocurrency at more than $ 60m.
SEOUL (Reuters)- South Korea said on Monday that North Korea last year
stole cryptocurrency from the South worth billions of won and that it was still trying to hack into its exchanges.
The hackers that were behind in the large - scale Coincheck theft may have made use of the anonymous «dark web», which has caused a great deal of trouble for investigators that were trying to locate
the stolen cryptocurrency which was valued at roughly $ 547 million at that time, reported Japan Today.
He added that the country's spy agency assumed that North Korea was continuously trying to hack into exchanges to
steal cryptocurrency and that it was trying its best to prevent further hacking.
Ethereum founder Vitalik Buterin has been dealing with tons of fraudulent Twitter impersonators seeking to
steal cryptocurrency...
If a hacker knows you have cryptocurrencies stored in the wallet, the hacker can corrupt your device through viruses / trojans, get into the wallet and
steal the cryptocurrencies.
Any hacker may hack the server of exchange provider, use the private keys of various users and
steal their cryptocurrencies.
South Korea says that the North had
stolen cryptocurrency from them last year, and is estimated to be worth billions of won (1 billion won is $ 917,400).
As reported by Reuters, Kim Byung - kee, a member of South Korea's parliamentary intelligence committee, claims the North has been able to
steal cryptocurrency from the country by way of phishing campaigns.
As of this past Friday, according to Bitcoin Magazine, the still - anonymous attacker is able to sell some of
the stolen cryptocurrency.
Coincheck has insisted that it will reimburse the majority of
the stolen cryptocurrency but has not revealed how this will be made possible.
You don't have to trust someone you are transacting with because — ostensibly, anyway — no one can
steal your cryptocurrency.
Bitcoin exchange BitStamp has informed its followers on Twitter about a malicious Chrome extension that can
steal their cryptocurrency.
Researchers at the Kaspersky Lab have recently discovered a new malware named CryptoShuffler Trojan that is being used by cybercriminals to
steal cryptocurrencies from a user's wallet.
Some of
the stolen cryptocurrency from Coincheck Inc. is likely to have been converted into other digital currencies in a possible attempt at money laundering
Ethereum founder Vitalik Buterin has been dealing with tons of fraudulent Twitter impersonators seeking to
steal cryptocurrency from naive investors — but it seems the trend has gradually caught on to other social media platforms like Instagram and Facebook.
As per the latest reports published by the National Police Agency of the Republic of Korea (South Korea), it has been confirmed that hacker from other side of the border have been targeting the local South Korean Bitcoin Exchanges with multiple attempts to
steal the cryptocurrency.
The surprising statement comes after his response to a question about an online scam where criminals pose as celebrities (including Musk) to
steal cryptocurrencies.
North Korea appears to be strongly interested in cryptocurrencies, as it has been accused of
stealing cryptocurrencies, hoarding, and mining.
Researchers from Kaspersky Lab have discovered a virus known as CryptoShuffler Trojan that
steals cryptocurrencies from unsuspecting users» wallets.