North Korean Hackers Stealing Bitcoin

FrgMstr

FrgMstr

Just Plain Mean
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While we try to stay out of politics here on the news page, here is an incredible report that we cannot ignore since we know many of our readers have a lot of money invested in mining cryptocurrency. Beware evil autostart video on this page. The short story is that it is being reported that North Korean hackers are being employed by Kim Jong Un to steal Bitcoin to fund its government. And it is not all chump change either. Now for a video that is totally unrelated and very NSFW.

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North Korean hackers are reportedly targeting cryptocurrency exchanges in South Korea in an attempt to funnel money to Kim Jong Un’s dictatorship, after a new wave of United Nations sanctions threatens to choke the rogue regime’s cash flow.

“Now, we may be witnessing a second wave of this campaign: state-sponsored actors seeking to steal bitcoin and other virtual currencies as a means of evading sanctions and obtaining hard currencies to fund the regime,” the report stated.

Cryptocurrency attacks by North Korea were first detected in 2016, when observers noticed Pyongyang utilizing traditional cyber-spying techniques in an effort to steal millions in virtual currency. In April, four wallets on South Korean cryptocurrency exchange Yapizon were compromised, though FireEye noted it could not find a direct link to North Korea involvement in that incident. Yapizon announced in May it was hacked, losing 3,816 bitcoins – about $5.3 million – on April 22. The company did not disclose who it believed to be the culprit.
 
Chairman of the Workers' Party of Korea and supreme leader of the Democratic People's Republic of Korea Kim Jong-un is late to the bitcoin theft party. That's been happening since day one.
 
LEAVE NORTH KOREA AL...

Wait, the Bureau of Alternative Facts and Propaganda says North Korea is the new bad, don't they?

They must have invaded one of our allies.

Didn't they?
 
I think it is clear that most major hacks (crypto/encryption) needing payment in crypto currency serve two purposes.
a. inflate rates of bitcoin/cryptocurrencies due to spike in demand caused by hacker payments
b. fund either the hacker or north korea etc.
 
The unconditional utility, fungibility and velocity of money of cryptocurrencies will not be denied.
 
Retronym said:
The unconditional utility, fungibility and velocity of money of cryptocurrencies will not be denied.
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Except the speculative/volatile nature is 180 degrees opposite of what everyone looks for in a currency especially for anyone who is trying to eliminate anything like currency manipulation and its effects on the economy.
 
Enter the miners who believe crypto currency isn't a problem.
 
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This is something I can get behind!

Do it Noko! Steal All the bitcoins!
 
For the life of me, I can't understand how you can steal bitcoins. Isn't one of the best features of cryptocurrency the block chain, that shows you the transaction history for that particular bitcoin? So wouldn't you be able to see exactly when, where, and how it was "stolen"? Never mind the fact that entries in the block chain are supposed to be verified?

I don't pretend to be a crypto guru by any means, it's just something that I've never been able to wrap my head around.
 
Brian_B said:
For the life of me, I can't understand how you can steal bitcoins. Isn't one of the best features of cryptocurrency the block chain, that shows you the transaction history for that particular bitcoin? So wouldn't you be able to see exactly when, where, and how it was "stolen"? Never mind the fact that entries in the block chain are supposed to be verified?

I don't pretend to be a crypto guru by any means, it's just something that I've never been able to wrap my head around.
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If you have the key to the wallet you can transfer the coins anywhere. The destination is anonymous so back tracking it is impossible. Once it's gone it's gone.

That is is why this form of currency is so desirable to criminals

The way to prevent this is not store passwords but hashes of passwords. Feeding a hash into the login will fail because you are hashing a hash. And the hash should be salted with a random number on the client side and given by the server.

It's still hackable if the client side has been compromised with a key logger. But copy paste programs like LastPass can help with this too.

There's more extreme methods. But you get the point.
 
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Them sanctions are starting to set in it seems :) Anyone know any nuclear surplus sites that accept bitcoin?
 
Brian_B said:
For the life of me, I can't understand how you can steal bitcoins. Isn't one of the best features of cryptocurrency the block chain, that shows you the transaction history for that particular bitcoin? So wouldn't you be able to see exactly when, where, and how it was "stolen"? Never mind the fact that entries in the block chain are supposed to be verified?

I don't pretend to be a crypto guru by any means, it's just something that I've never been able to wrap my head around.
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You have that backwards. It doesn't show you anything for the coins. Outside of your wallet there is no proof that the coins exist. if I get you coins there is nothing in place that tracks that I did that. Only your wallet now has an extra .5 coins and mine now has .5 less. Nobody keeps a ledger of transactions. This is why the person that tossed a hard drive with bitcoins on it lost all that money. This is why people like to use it for illegal actions as it is 100% untraceable.
 
Exavior said:
You have that backwards. It doesn't show you anything for the coins. Outside of your wallet there is no proof that the coins exist. if I get you coins there is nothing in place that tracks that I did that. Only your wallet now has an extra .5 coins and mine now has .5 less. Nobody keeps a ledger of transactions. This is why the person that tossed a hard drive with bitcoins on it lost all that money. This is why people like to use it for illegal actions as it is 100% untraceable.
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I am not sure what you mean. The full block chain contains the history of every single bitcoin transaction. It's not clear which bitcoin address is associated with who, but it's there.
https://en.bitcoin.it/wiki/Block_chain
Also, even though it's difficult, various criminal investigations have used the block chain to help find/prosecute criminals
http://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin
 
Get bitcoin: this is an input.
Spend Bitcoin: this is an output.

Inputs and outputs are verified by miners and relayed by nodes on the blockchain.
 
Nukester said:
Hope they steal it all, and miners give up. Video cards for all
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This here x100000s. I'm so sick of hearing about this bitcoin crap, I'm gonna slit my throat! It needs to end, and it needs to end badly. Give us (gamers) back our damned cards!!!!!
 
Motley said:
This here x100000s. I'm so sick of hearing about this bitcoin crap, I'm gonna slit my throat! It needs to end, and it needs to end badly. Give us (gamers) back our damned cards!!!!!
Click to expand...

Fucking A!!!!!
 
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