North Korea Hacker The World's Largest Cryptocurrency Theft Thing

in #cryptocurrency7 years ago

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SEOUL - South Korea's intelligence agency said the North Korean hacker could be behind the theft of 530 million dollars worth of virtual coin from a cryptocurrency exchange in Japan last month. It was expressed by South Korean intelligence agencies to MPs as revealed by a number of parties who know the problem.

People, who have knowledge of the parliamentary intelligence committee process, told Reuters on Tuesday (6/2/2018) that the National Intelligence Service did not show evidence that North Korean hackers were responsible for one of the largest criptocurrency theft in history but marked it as a possibility.

Local media had earlier reported the intelligence agency told an intelligence committee that North Korean hackers might have hacked into a Tokyo-based stock exchange.

"This is a possibility that North Korea is behind the theft," said one of the people who spoke with Reuters.

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This is the weird distinction when people hear that cryptocurrencies are safe and secure. While individual transactions are indeed very safe and very private, it is where they are stored, that they are at their most vulnerable.

PSA: try to keep most of your coins in cold storage everyone! and don't rely on exchanges to keep your coins safe. Though I am super impressed by the good faith exchanges have shown in the past year in compensating exchange lost coins