North Korean hackers have targeted gamers in a $615 million crypto heist, US media reports. The group has stolen around $50 million worth of cryptocurrencies including bitcoin and Ethereum.
In a blog post on Medium, North Korea’s Ministry of State Security (MSS) said it was the victim of a massive cyber- heist that involved hacking into cryptocurrency exchanges and stealing virtual currencies worth $615 million. The group has stolen around $50 million worth of cryptocurrencies including bitcoin and Ethereum.
The estimated amount stolen
The total amount stolen from cryptocurrency exchanges and wallets was $615 million, with $512 million from Binance and $39 million from Kraken. The hackers were able to access accounts through unsecured networks, including the internet, an analysis of the breach shows.
How the hackers got into the exchanges
The hackers exploited vulnerabilities in the Cryptoscape trading platform and the associated trading platform software. These included weak passwords and the ability of employees to log into the system without a password. Other security vulnerabilities, such as a lack of restrictions on logging onto the system, meant that the hackers were able to access the platform. Once on the platform, they were able to access user accounts and steal money.
Why North Korea’s hackers hacked cryptocurrency exchanges
The hacks into cryptocurrency exchanges are part of a larger campaign by North Korean hackers to steal money from cryptocurrency exchanges. In a blog post on Medium, North Korea’s Ministry of State Security (MSS) said it was the victim of a massive cyber- heist that involved hacking into cryptocurrency exchanges and stealing virtual currencies worth $615 million. The group has stolen around $50 million worth of cryptocurrencies including bitcoin and Ethereum.
The stolen money
The hackers stole $50 million worth of cryptocurrencies from four cryptocurrency exchanges, the MSS said in a statement. Among the stolen coins areBitcoin, Ethereum, Binance Coin, and Lite Coin. The remaining $40 million worth of coins were left unhacked.
What are the stolen cryptocurrencies?
The stolen coins include Bitcoin, Ethereum, Binance Coin, and Lite Coin. The rest of the stolen coins belong to a number of other cryptocurrencies such as OmiseGo, Monero, Qtum, and Siacoin. The stolen coins include around 50 million of each of these cryptocurrencies.
How to protect yourself from hackers
The MSS recommends that anyone using computers to access exchanges be placed in a virtual “firewall”, so that they are only able to access the web-based platform and not their computer’s files. The firewall should be connected to a closed, secure network—for example, a network inside a building or a network attached to a dedicated computer.
The MSS also recommends that users change their passwords regularly and use unique passwords for multiple accounts. Users should also enable two-factor authentication for their accounts.
Conclusion
The hacks of cryptocurrency exchanges are part of a larger campaign by North Korean hackers to steal money from cryptocurrency exchanges. In a blog post on Medium, North Korea’s Ministry of State Security (MSS) said it was the victim of a massive cyber- heist that involved hacking into cryptocurrency exchanges and stealing virtual currencies worth $615 million. The group has stolen around $50 million worth of cryptocurrencies including bitcoin and Ethereum.
The estimated amount stolen from cryptocurrency exchanges and wallets was $615 million, with $512 million from Binance and $39 million from Kraken. The hackers were able to access accounts through unsecured networks, including the internet, an analysis of the breach shows.
North Korean hackers have targeted gamers in a $615 million crypto heist, US media reports. The group has stolen around $50 million worth of cryptocurrencies including bitcoin and Ethereum.
In a blog post on Medium, North Korea’s Ministry of State Security said it was the victim of a massive cyber- heist that involved hacking into cryptocurrency exchanges and stealing virtual currencies worth $615 million. The group has stolen around $50 million worth of cryptocurrencies including bitcoin and Ethereum.
