In the latest cryptocurrency news, we have the CEO of one cybersecurity firm named Cuvepia, declaring that his company detected more than 30 attacks on crypto-bearing individuals that were probably carried out by North Korean hackers.
The reports were first seen in the South China Morning Post. The CEO of the aforementioned South Korean cybersecurity company, Kwon Seok-Chul, said that the new targets of the suspected North Korean hackers “are just simple wallets with Bitcoin and altcoins and users investing in cryptocurrency.”
This comment went viral, especially because Kwon added that to date, many cases haven’t been detected and that there may have been well over 100 attacks. As we reported previously on our site, North Korea allegedly backed two cryptocurrency scams this year including hacks funded by the country which comprise of 65% of all cryptocurrency stolen to date.
Simon Choi, a founder of one cyber warfare research company named IssueMakersLab also commented on this case and said that there is really a shift towards hacking individuals rather than exchanges. As he said:
“Direct attacks on exchanges have become harder, so hackers are thinking about alternatively going after individual users with weak security.”
Choi also noted that most targets have been wealthy South Koreans. The hackers, according to him, “believe that if they target CEOs of wealthy firms and heads of organisations, they can take advantage of billions of won in virtual currencies.”
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Binance Bitcoin Scam: Hackers Steal 7,000 BTC In Security Breach
“Please also understand that the hackers may still control certain user accounts and may use those to influence prices in the meantime. We will monitor the situation closely. But we believe with withdrawals disabled, there isn’t much incentive for hackers to influence markets.”Right now, Zhao believes that the Bitcoin scam won't have a big incentive to influence markets. As he added, he is working on conducting a Twitter AMA to field questions from the community. The Binance Bitcoin scam has triggered the exchange to use a Secure Asset Fund for Users (SAFU) which will help and cover the incident. The altcoin news show that there is no risk for other altcoins to be stolen. As a reminder, Binance created the fund in July 2018 as a type of emergency insurance for cases like these.
ISIS Used Bitcoin To Fund Horrific Sri Lanka Easter Bombings: Research
“CoinPayments admits that their wallet was involved but denied that it is connected to ISIS,” the blockchain intelligence firm told Globes. “It’s possible that the company is not aware of the usage of their wallets, perhaps because ISIS uses straw companies [to] transfer the money.”For all of you wondering why ISIS used Bitcoin and not any altcoin (which would been featured in our coming altcoin news), the truth is that ISIS-linked Bitcoin wallets exist and WhiteStream has been following them for the past two years. In fact, the company maximized its focus on one specific Bitcoin wallet which was receiving donations actively over different periods. In that manner, WhiteStream found that ISIS used Bitcoin from a wallet address listed on the ISIS fundraising website. According to Levy, the transactions were passively traced back to CoinPayments while the company did not know that they were actually facilitating the ISIS Bitcoin funding campaign. As Levy said:
“Our assumption is that the terrorist organization probably possesses many bitcoin addresses through CoinPayments, with every donation sent to a different address,” Levy told Globes. “On the day before the Sri Lanka terror attacks, we identified two relatively big transactions at this address with bitcoins worth about $9,800.”In February, Whitestream had named CoinPayments for facilitating Bitcoin-enabled donation campaigns for Hamas which is a Palestine-based Sunni-Islamist fundamentalist group.
Microsoft Outlook Emails Hacked, Thousands Of Bitcoin Stolen
“The hackers also had access to my inbox, allowing them to password-reset my Kraken account and withdrawal [sic] my bitcoin.’’The Dutch engineer explained that the hackers followed a forwarding protocol so each time one of his emails had the word ‘’Kraken’’ in it, the Microsoft Outlook would automatically forward that particular email to a secretive Gmail account which belonged to the hackers. He also made clear that he will not be able to recover his stolen bitcoin ever. Other victims of the Microsoft Outlook scandal shared similar experiences. For example, Shinratechlabs, a Reddit user, pointed out that he lost about ‘’25,000 in crypto as a result of the data breach but didn’t explain further. He also says that he is angry about how easy it was for the hackers to gain control over the Microsoft accounts. He wrote:
“Lost 25,000 in crypto. Hackers didn’t have my credentials. They just had access to the content of my emails. Didn’t need passwords. Just put in password change requests. Verified the email confirmation links. Any confirmation they needed they had access to.”As the latest cryptocurrency news writes, the victims are outraged of getting their crypto stolen and are even madder of how Microsoft managed the entire scandal. During the Microsoft Outlook emails breach, the company made clear that only the metadata and customer information was affected and nothing more. Jevon Ritmeester says he will file a police report and will hold Microsoft accountable.
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