South Korea says North stole cryptocurrency worth billions of won last year

[snoop1130]

South Korea says North stole cryptocurrency worth billions of won last year

 

FILE PHOTO: An electric board showing exchange rate between South Korean Won and Bitcoin at a cryptocurrencies exchange in Seoul, South Korea, December 13, 2017. REUTERS/Kim Hong-Ji/File Photo

 

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.

 

"North Korea sent emails that could hack into cryptocurrency exchanges and their customers' private information and stole (cryptocurrency) worth billions of won," said Kim Byung-kee, a member of South Korea's parliamentary intelligence committee.

 

Kim did not disclose which exchanges were hacked.

 

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.

 

(Reporting by Dahee Kim, Christine Kim; Editing by Nick Macfie)

 

-- © Copyright Reuters 2018-2-5

[Jonmarleesco]

19 hours ago, snoop1130 said:

"North Korea ... stole (cryptocurrency) worth billions of won,"

Not for much longer, I'll wager. N.K. will be hacking back in to return the stolen funds.

[koo]

Wouldn't is be so easy to stop all this - just cut the very few and thin Internet cables that go to NK.