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   1026

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.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   145

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.