Eyes On North Korean Hackers For The Japanese Cryptocurrency Heist



Latest in the news regarding cryptocurrency it was reported that in the month of January 2018 a theft worth $530 million took place of virtual coin Japan’s biggest cryptocurrency exchange. In the latest development, it is being reported by the South Korean agencies that North Korean hackers could be behind the heist.

Termed as the biggest heist in history regarding cryptocurrency, the sources do not confirm that it was indeed North Korean hackers but there are red flags that certainly point to the possibility.

According to the anonymous source the virtual coin market remains a likely target for North Korean hackers due to its sheer size and light regulation. It has also been reported by a South Korean lawmaker that North Koreans were responsible for billions lost in theft from local cryptocurrency exchanges in 2017.

Read: A Quick Glance on the State of Cryptocurrency

Speaking to reporters, Chief Cabinet Secretary Yoshihide Suga, said

We acknowledge how we deal with cyber attack is an important issue for our nation’s security, crisis management and the economic growth. We would like to respond in cooperation with the international community with a sense of urgency.”

In the previous year US has openly blamed North Korea for launching the WannaCry cyber attack that crippled hospitals, banks and other companies across the globe. Speculations are going about that Pyongyang could be unleashing cyberattacks once again.