Lazarus Group Hackers Targeting South Korea Again

The latest report published by Recorded Future unveils the details of how North Korean hackers Lazarus Group were attacking South Korean crypto exchanegs users
18 January 2018   460

Lazarus is a cybercrime group of an unknown number of individuals, which is not much known about, but the researchers believe that there is a large number of cyber attacks undertaken by the group, including WannaCry attack.

The representatives of Recorded Future, a system which automatically serves up relevant insights in real time and at unparalleled scale with its own patented technology, have published a report on January 16 linking the Lazarus Group to attacks on cryptocurrency Bitcoin and Monero users mostly in South Korea.

The report states that Lazarus Group has continued to attack South Korean cryptocurrency exchanges and users in late 2017, and this campaign also targeted South Korean college students interested in foreign affairs and part of a group called “Friends of Ministry of Foreign Affairs".

Lazarus Group in the Recorded futureLazarus Group in the Recorded Future

Moreover, it was reported that the malware used shared code with Destover malware, which was used against Sony Pictures Entertainment in 2014 and the first WannaCry victim in February 2017.

As it was also stated in a report, the dropper of the attack exploited the Ghostscript vulnerability, CVE-2017-8291, and also the tactic of spear-phishing lures containing a malware which were sent to South Korean students and users of exchanges like Coinlink. If the user opened the malware it stole their email addresses and passwords.

This late-2017 campaign is a continuation of North Korea’s interest in cryptocurrency, which we now know encompasses a broad range of activities including mining, ransomware, and outright theft.

Recorded Future report

In general, Lazarus Group and North Korean hackers are blamed for $ 7 million theft from Bithumb in February 2017 and 17% of Youbit exchange assets stolen by cyber attacks following an earlier attack in April 2017.

PascalCoin to activate V3 Hard fork

PascalCoin V3 Hard fork will be activated on block 210,000 on May 31 and feature anonymity via transaction mixing and inflation reduction
26 May 2018   39

PascalCoin is preparing for V3 Hard fork scheduled for May 31. It will introduce key improvements as such:

  • anonymity transaction mixing;
  • 50% inflation reduction;
  • Lazarus/FPC gets 10% of funding

To get more into the details:

PascalCoin transactions occur between publicly visible accounts and the crucial aspect needs to be implemented - fungibility. The improvement will allow users to perform 'client-server mixing', 'network-protocol mixing', 'chaining multi-transactions', 'decentralized exchanging' and 'monetized-API mixing'.

As for Lazarus/FPC (a base tooling from which PascalCoin is founded on), a total of 10% of the Developer Rewards is recommended to be allocated for the FOSS project funding. In a long run, a large developer mind-share is expected to reduce costs significantly.

To learn more about the details of the fork, you can visit Improvement Proposal page here. And regarding the market characteristics of PascalCoin, at the moment of publication they are as follows:

Average price 0.765895 USD
Market cap 15,978,408 USD
Volume (24H) 89,861 USD