North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report – Security Bitcoin News

N

bithumb global,is bitcoin safe,cryptocurrency prices,bit coin price,how much are bitcoins worth,Privacy settings,How Search works

North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report – Security Bitcoin News

A new report commissioned by US intelligence agencies reveals what lies behind North Korean hackers’ attack on a South Korean crypto-currency exchange. The issue is a security breach on June 29. 2017, in which data of more than 30,000 bitcoin customers was leaked.

hackers threatened to destroy the data and steal the crypto

According to Maeil Kyungjae, US authorities have determined that North Korean hackers gained access to customers’ personal information and funds and then demanded a ransom. The extortionists targeted the Bitumba cryptocurrency exchange and demanded 20 billion won (US$16 million).

In addition, the attackers are accused of sending malicious code to Bithumb employees via fake service requests. This allegedly happened during the company’s recruitment period this year.

The Federal Bureau of Investigation (FBI) has been cooperating with South Korean authorities in the investigation of the case. On the ransom note, the hackers threatened Bitumb with the sale or destruction of the customer’s virtual currency unless a certain amount was paid.

Although the names of the attackers were not mentioned in the US security report, the Lazarus group could be the mastermind behind the attack.

Local media have linked them to previous major cyberattacks, which the U.S. Department of Justice (DOJ) indictments attribute to hackers with ties to North Korean intelligence, specifically the Lazarus Group.

Lazarus Group, responsible for major cyberattacks on cryptocurrencies around the world

Recently, as Bitcoin.com News reported in February 2021, the US Department of Justice dropped new charges against North Korean state hackers.

The hackers are believed to be responsible for stealing more than $1.3 billion in cryptocurrencies and fiat in coordinated cyber-heists in recent years.

Law enforcement agencies have uncovered a case involving an unidentified Slovenian cryptocurrency company. According to court documents, the hackers were involved in the theft of $75 million from one such company in December 2017.

They were also involved in the theft of another crypto transaction worth $24.9 million in September 2018, but this time in Indonesia.

What do you think of the US authorities’ report on the Bitumba data breach in 2017? Let us know your comments in the section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of a product, service or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.

bithumb global,is bitcoin safe,cryptocurrency prices,bit coin price,how much are bitcoins worth,Privacy settings,How Search works

About the author

Emilia James
By Emilia James

Your sidebar area is currently empty. Hurry up and add some widgets.