N. Korea May be Related to Coincheck Hack

The National Intelligence Agency of South Korea says that Pyongyang can be related to the largest recent exchange hack
06 February 2018   368

The National Intelligence Agency of South Korea has launched an investigation into the possible involvement of North Korean hackers in hacking the Coincheck exchange, in which about $ 533 million was stolen in NEM tokens, Nikkei reported.

According to Agency, in the attack on the Japanese exchange was found a number of distinctive features inherent in the operations of North Korean hackers. Investigators believe that the current attack on Coincheck has much in common with the attack on the South Korean exchange Youbit, which in December last year was forced to declare itself bankrupt after stealing about 17% of its assets.

While the investigators of Agency failed to find irrefutable evidence of Pyongyang's involvement in the Coincheck hacking, it is considered as one of the main versions, added the lawyer who attended the meeting of the department. He also noted that, according to Agency, North Korea has begun to expand the range of methods of illegal mining of cryptocurrency - Pyongyang is also credited with the spread of XMR virus-miners.

In late January, one of the largest crypto exchange in Japan Coincheck confirmed a major theft of funds from the platform. A total of 58 billion yen ($ 533 million) in the NEM (XEM) crypto currency was stolen.

Asian Cryptotrading: Top Altcoin is Stellar Lumens (XLM)

During the morning’s Asian trading session Stellar Lumens has become leading-the-way altcoin at present
18 April 2018   156

It has begun the market correction. Morning’s Asian trading session is led once again by Bitcoin which has lost 1% on the day dropping back under $8,000 once again. This fact has trailed most of the altcoins down with it, albeit marginally. One seem to be doing much better than the rest this morning and leading the way at the moment is Stellar Lumens.

According to Coinmarketcap`s report, an 11% gains for XLM during the morning’s trading in Asia. Other altcoins are mostly marginally up or down but very few are showing double numeric gains. Stellar is currently trading at $0.31 up from $0.28 this time yesterday, over the week it has gained 55% from $0.20 the same time last Wednesday. The monthly illustration is even more colorful with Stellar rising over 85% from its low of $0.167 on March 18. In a difference from Bitcoin, XLM is up 12% on the day to 3920 satoshis from 3500 sats this time yesterday. During the past week Stellar has earned 34% against BTC from 2925 satoshis the same time last week.

Stellar charts
Stellar Lumens charts

Momentum has been largely operated by general positive market mood for all cryptocurrencies over the past week as well. Those that had the substantial losses such as Lumens and Cardano seem to have rebounded faster as traders and investors shared up on them at low prices. Many build problems and hackathons announced on their Twitter have kept the community busy and recently the altcoin was listed on Coindirect and Buybit. 

This morning the most of trade in Asia has been on Binance which commands 30% of the total volume. South Korean’s have been involved in it also as Upbit and Gopax are second and third with trade in KRW. General XLM volume has grown over the past 24 hours by over 60% to $121 million. Stellar has continued to be steady in the top ten for some time now and is currently 8th position with a market cap of $5.7 billion. 

Total crypto market cap has kept stable over the past day and at present sits at about  $326 billion. Other Asian trading`s solid altcoins include Nem, Bytecoin and Steem.

Stellar Lumens price at the moment of press: $0,318381
24h volume: $116 864 000
Market cap: $5 911 936 081