North Korean hackers target South Korean crypto exchanges

State-sponsored North Korean hackers target South Korean Bitcoin exchanges
25 August 2017   654

Radio Free Asia reports that North Korea is continuing extensive attempts to hack into the computer networks of South Korean virtual currency exchanges.

Thus, according to the report, state-sponsored North Korean hackers have been accused of targeting South Korean Bitcoin exchanges with cyberattacks and hacking attempts by a South Korean official. More specifically, at least one or two domestic Bitcoin and digital currency exchanges were the target of an attempted hacking by the country’s neighbours to the north.

The accusation is lead by Simon Choi, an official of South Korea’s Cyber Warfare Intelligence Center (CWIC).

It is not only one or two exchanges where attack attempts have been made. Startups that use blockchain, financial technology sector companies as well as others, may have been the target of hacking emails.

Simon Choi
Official of South Korea’s Cyber Warfare Intelligence Center (CWIC)

According to Choi, the emails would be sent to the employees of targeted firms. Opening the emails and reading its contents would provide an opportunity for attached malware to be planted inside the company's computer network. The emails would often claim the sender represented a government authority, such as South Korea's fair trade commission, other times the emails would include resumes from "job seekers."

As speculated by CWIC, the malicious code attached to the emails was identical to viruses of North Korean origin.

Qvolta is launching its platform

Qvolta announced its platform release date of April 2 that will feature a full-fledged version of a web platform
24 March 2018   39

Qvolta platform has set its release date to April 2. The release is in accordance with the roadmap of the platform and will include a fully functional version of the web platform. The developers team is currently performing various tests and making final amendments to ensure the proper functionality. This desktop client is in alpha stage. A mobile app for secure authorizations is out and it is the native solution for security without intermediaries.

Qvolta is a P2P exchange platform solution that focuses on the capability of trading Bitcoin and Ethereum for fiat currencies and vice versa. And such functionality is provided through local payment methods. Since centralized exchanges become the target of serious scrutiny of regulators, cryptocurrency platforms that allow trading P2P or in fully decentralized fashion are getting more necessary.

As of the moment of the publication, the market parameters of Qvolta are as follows:

Average price: $0.390836

Market cap: $2,712,466

Volume (24h): $6,171