12:44 GMT +322 October 2019
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    A man walks past an electric board showing exchange rates of various cryptocurrencies at Bithumb cryptocurrencies exchange in Seoul, South Korea, January 11, 2018

    Seoul Accuses N Korean Hackers of Stealing Cryptocurrency Worth Billions

    © REUTERS / Kim Hong-Ji/File Photo
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    In mid-December, the South Korean intelligence agency announced that it had evidence of North Korea's alleged complicity in the theft of the personal data of about 30,000 users of the Bithumb cryptocurrency exchange.

    The South Korean parliamentary intelligence committee has accused North Korea of stealing cryptocurrency worth billions of won.

    "North Korea sent emails that could hack into cryptocurrency exchanges and their customers' private information and stole [cryptocurrency] worth billions of won," member of parliament Kim Byung-kee said.

    According to the lawmaker, South Korean intelligence agency believes that North Korea was continuously trying to hack into exchanges to steal virtual coins.

    He emphasized that Seoul was doing its best to prevent such attempts in the future.

    READ MORE: Bubble Trouble: South Korea Considers Ban on All Cryptocurrency Exchanges

    The statement comes in the wake of January 17 media reports, claiming that hackers from the Lazarus Group, which is believed to be linked to Pyongyang, targeted South Korea's cryptocurrency exchanges at the end of the last year.

    According to a report by the Internet company Recorded Future, "North Korean government actors, specifically Lazarus Group, continued to target South Korean cryptocurrency exchanges and users in late 2017, before Kim Jong Un’s New Year’s speech and subsequent North-South dialogue."

    In mid-December, the South Korean intelligence agency said it obtained proof of Pyongyang's alleged complicity in the theft of the personal data of about 30,000 users of the Bithumb cryptocurrency exchange.

    Tags:
    cryptocurrencies, hackers, Bitcoin, Democratic Republic of North Korea (DPRK), South Korea
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