North Korean Hackers Stealing Bitcoin

Discussion in '[H]ard|OCP Front Page News' started by Kyle_Bennett, Sep 13, 2017.

  1. Kyle_Bennett

    Kyle_Bennett El Chingón Staff Member

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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.


    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.
     
  2. Jim Kim

    Jim Kim [H]ard|Gawd

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    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.
     
  3. Twisted Kidney

    Twisted Kidney 2[H]4U

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    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?
     
  4. oROEchimaru

    oROEchimaru [H]ardness Supreme

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    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.
     
  5. oROEchimaru

    oROEchimaru [H]ardness Supreme

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    What?
     
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  6. thesmokingman

    thesmokingman [H]ardness Supreme

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    Everyone loves a contrarian?
     
  7. blkt

    blkt Limp Gawd

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    Damn, I'm all out of popcorn.
     
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  8. Retronym

    Retronym Pick your own.....you deserve it.

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    The unconditional utility, fungibility and velocity of money of cryptocurrencies will not be denied.
     
  9. RogueTadhg

    RogueTadhg Gawd

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    They have reserves of oil, obiviously!
     
  10. jpm100

    jpm100 [H]ardness Supreme

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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.
     
  11. lostinseganet

    lostinseganet Gawd

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    So if hackers steal from North Korea that makes them good guys right? Or at least chaotic neutral?
     
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  12. Exavior

    Exavior [H]ardForum Junkie

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    TIL: North Korea has internet access
     
  13. DigitalGriffin

    DigitalGriffin 2[H]4U

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    Enter the miners who believe crypto currency isn't a problem.
     
    Last edited: Sep 13, 2017
  14. Krenum

    Krenum [H]ardForum Junkie

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    This is something I can get behind!

    Do it Noko! Steal All the bitcoins!
     
  15. Brian_B

    Brian_B Gawd

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    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.
     
  16. DigitalGriffin

    DigitalGriffin 2[H]4U

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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.
     
    Last edited: Sep 13, 2017
  17. M76

    M76 [H]ardness Supreme

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    How can you not appreciate income without work? Considering consequences? That's for chumps! Look at all these free monies!
     
  18. cybrnook

    cybrnook [H]ard|Gawd

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    Them sanctions are starting to set in it seems :) Anyone know any nuclear surplus sites that accept bitcoin?
     
  19. Nukester

    Nukester Gawd

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    Hope they steal it all, and miners give up. Video cards for all
     
  20. Exavior

    Exavior [H]ardForum Junkie

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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.
     
  21. serpretetsky

    serpretetsky [H]ard|Gawd

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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
     
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  22. Retronym

    Retronym Pick your own.....you deserve it.

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    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.
     
  23. Motley

    Motley 2[H]4U

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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!!!!!
     
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  24. Retronym

    Retronym Pick your own.....you deserve it.

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    Just buy a PlayStation.

    There's money to be had.
     
  25. Nukester

    Nukester Gawd

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    Fucking A!!!!!