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   677

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.

Unibright and NEM to Join Forces

Result of the partnership should be the creation of the possibility of generating NEM-oriented code in the Unibright framework
09 August 2018   214

The platform for integrating the blockchain into the business processes Unibright and the NEM Foundation announced a strategic partnership.

Representatives of the team Unibright said that the result of the partnership should be the creation of the possibility of generating NEM-oriented code in the Unibright framework and joining Unibright to the NEMsp service partnership program.

In addition, the partnership suggests:

  • adding NEM as a target of Unibrights automatic blockchain code generation
  • adding NEM adapters to Unibright’s integration plattform to connect NEM architectures to existing IT landscapes
  • qualifying Unibright as an official NEM Service Partner by training and certification through the Global NEMsp Network.
  • working together on common customer projects, case studies and proof of concepts with industry partners and clients

The NEMsp Network is a scalable and repeatable program designed to expedite the adoption of NEM globally while creating value for our partners. Companies won’t need to have any internal technical staff to be able to build on the NEM Blockchain because a project can be completely developed and deployed by a NEMsp. Unibright puts that development on an even higher level by generating code automatically, and thus are a perfect fit to the NEMsp network. We look forward to a long and mutually beneficial relationship with Unibright.

Kristof Van de Rek

Interim President, NEM.io

Unibright already cooperates with Lufthansa.