South Korea Accuses North Korea of Stealing Billions in Crypto

The amount of funds stolen by North Korea state-sponsored hackers is estimated at billions of won in cryptocurrency
05 February 2018   1324

South Korea accused  North Korea of stealing its cryptocurrency last year. Moreover, hackers are still trying to hack its exchanges.

The hackers carried out a phishing attack sending out emails that capture customers information. Usually such emails contain malicious links or attached documents with malware payloads created for stealing private information.

According to Kim Byung-kee, a member of South Korea’s parliamentary intelligence committee, North Korea is still trying to hack crypto exchanges. The names of the exchanges are not stated. Nevertheless, South Korea is doing its best to prevent further hacking.

Considering that the government of South Korea strives to provide security for the customers’ data, it’s also worth mentioning that in January it introduced new policies related to privacy.

According to experts, the stolen cryptocurrencies could be used by North Korea to strengthen its economy, though the exact cryptocurrency was not disclosed.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   46

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 

Craig Wright


Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.