Tag Archives: north korea

North Korea has been upping its attempts to garner cryptocurrency through internet fraud since 2017, according to a new report.North Korea Has Been At It All This TimeA spike of roughly 300 percent in illicit crypto activity has occurred since that year say researchers at the intelligence firm Insikt Group. Their new report states:The Kim regime has developed a model for using and exploiting the internet that is unique. It is a nation run like a criminal syndicate.North Korea has been one of...

Virgil Griffith – the Ethereum research scientist who gave a seminar in North Korea despite lacking permission from the United States government – has been formally indicted and is awaiting trial.Griffith Is Set to Face ChargesGriffith has been charged with assisting a nuclear state and an enemy of the U.S. in learning about how to utilize blockchain and cryptocurrency against American authorities. He is also facing charges for violating the International Emergency Economic Powers...

The North Korea-based hacking group Lazarus appears to be coming back, and this time, it’s allegedly using the encrypted messaging service Telegram to steal your cryptocurrency.Lazarus Is Bigger Than EverThe news comes by way of cybersecurity firms Kaspersky Labs, which stated recently that the group is taking “more careful steps” to ensure it can steal users’ data or digital funds without raising too many red flags. Researchers are calling the new attack wave “Operation AppleJeus Sequel,” a...

The bitcoin price surged $538 (+7.8%) on Coinbase overnight and into the morning, pulling back at noon Friday morning. Commentators were quick to link the sudden spike to the U.S. airstrike that killed Iranian General Qasem Soleimani. Are we beginning to see the bitcoin price factor in geopolitical risk? Not likely in this case anyway. Here’s why. The bitcoin price made a swift advance from a 16-day low at $6,853 around 9 pm Eastern Time Thursday night. It reached $7,391 on Coinbase just...

Virgil Griffith, the 36-year-old Singapore resident (and U.S. citizen) who was recently arrested for giving a seminar about blockchain and cryptocurrency in North Korea, allegedly said once that it would be really “cool” if the country learned how to mine ether tokens, according to an unnamed source who boasts “deep knowledge” of the matter.Did Griffith Want to Help North Korea Mine ETH?Griffith was arrested over the Thanksgiving holiday at Los Angeles International Airport (LAX) after he had...

Recently, Live Bitcoin News published a story regarding Virgil Griffith, a man who last April, traveled to North Korea despite U.S. regulatory scrutiny to deliver a blockchain seminar.Griffith Has a Few DefendersDuring the lecture, it is believed that Griffith may have provided cryptocurrency knowledge to listeners regarding how they could potentially utilize both cryptocurrency and blockchain technology to override U.S. sanctions. This didn’t sit well with the American government, and...

A U.S. man has been arrested for teaching North Korea about blockchain. According to a press release, Virgil Griffith – a resident of Singapore but a citizen of the United States – has been charged with violating international restrictions by traveling to North Korea and providing a lecture and advice regarding blockchain technology and how it can be used to violate present sanctions.North Korea: Using Blockchain for Illicit Purposes?North Korea, a nuclear state, has had a very controversial...

The United States Attorneys in New York, together with the FBI agents, went on to issue a criminal complaint charging Virgil Griffith, Ethereum Foundation member. He is suspected of helping North Korea to prepare better measures of defense against the infamous U.S. sanctions.Not only the guy decided to travel to North Korea at his own expense, he was moving in the “vacation” style. He also delivered some tech presentations with consulting while he was in the country. He taught the locals...

The FBI arrested an Ethereum developer in Los Angeles on Thanksgiving for teaching North Korea about cryptocurrency.The Manhattan US Attorney’s office says the 36-year old Virgil Griffith helped North Korea to evade international sanctions.The former hacker and tech idealist has been flirting with disaster for years. The New York Times did an eerily prophetic profile on him in 2008.The FBI arrested a 36-year old Ethereum developer from Alabama at the Los Angeles International Airport on...

Is it possible that North Korea is back in the cryptocurrency hacking space? According to one source, that’s exactly the case. Researchers say they’ve uncovered a new attack from Lazarus, based in the nuclear-powered country.Lazarus Is Back in Our MidstNorth Korea has been involved in several crypto hacking cases over the past few years and is allegedly using stolen digital funds to power its nuclear program. The nation has allegedly performed attacks on its neighbor to the south, the United...