Youbit said that its customers would get back about three-quarters of the value of the digital currencies they had stored in accounts with the exchange. BlueNoroff has been blamed for last year s $US81 million ($105 million) cyber heist of Bangladesh s central bank, after its bank account at the Federal Reserve Bank of New York was hacked. South Korea says it is considering the possibility of new sanctions against Pyongyang in the wake of the latest cyber attacks. North Korea has previously denied any role in international cyberattacks. South Korea s intelligence services estimate attacks on multiple currency exchanges could have cost tens of millions of dollars in stolen funds. The cryptocurrency was trading at more than $US19,000 ($24,800) earlier this week, up from about $US1,000 ($1,300) at the beginning of 2017. An earlier attack on Youbit in April, which cost the company 3,816 bitcoins worth about $US5 million ($6. Bitcoin attacks fuel traders frustrations Suspicion for this week s Youbit hack could fall on North Korea. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Lazarus hackers are suspected of carrying out the Wannacry attack last May that shut down hospitals, banks and businesses around the world. Our analysis only allows us to attribute these attacks to the Lazarus group bitcoin korean market. As the prices of bitcoin and similar virtual currencies continue to appreciate, we expect greater interest from attackers seeking to steal it, he said. The government earlier this month said it was forming a special task force to study the cryptocurrency problem.
Not everyone thinks it is North Korea But not all experts agree that Pyongyang is responsible. It s the second time this year that Youbit, which allows customers to trade bitcoin and other digital currencies, has been hit by hackers. Bitcoin, which offers layers of anonymity, has long been a magnet for criminals. dollar, digital currencies don t fall under central bank control and are largely unregulated. 5 million), was also conducted by North Korean hackers, according to South Korean investigators. Standard & Poor s and S&P are registered trademarks of Standard & Poor s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. In April, thieves made off with 38 billion won ($35 million) in digital currencies. With so many small South Korean investors diving into bitcoin, authorities are getting worried about the potential impact of a crash. Bitcoin doubled its price in the last quarter alone, and internet analysts say it now makes the top 10 most targeted industries for cyber attack, despite its relatively small size and web presence. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC and/or its affiliates. US authorities including the FBI and the National Security Agency are certain the group is connected to — if not directly under — the command of the North Korean regime. North Korea rejects accusations that it has been involved in hacking. Bitcoin s history is littered with cases of trading platforms coming under attack.
Youbit was a small player in the market, which is dominated by Bithumb, a much larger exchange. -- Jake Kwon and Hannah Kang contributed to this article CNNMoney (Hong Kong) First published December 20, 2017: 2:38 AM ET follow us. The company didn t say how much was taken in the latest heist or how exactly it happened.Stellar.. The internet security company Symantec has previously said that methods used in the WannaCry attacks showed strong links to Lazarus, but not necessarily to the government of Kim Jong-un bitcoin korean market. South Korea s Korea Internet and Security Agency said Wednesday that it was working with police to investigate this week s Youbit hack, but that it didn t yet know who was responsible. How it ties in with South Korea Chris Doman, a threat engineer at the software security firm AlienVault, suspects BlueNoroff was behind last week s raid on Youbit. Earlier this month, hackers stole more than $70 million worth of bitcoins from digital currency platform Nicehash. The WannaCry attacks do not bear the hallmarks of a nation-state campaign but are more typical of a cybercrime campaign, Symantec said in a statement. Bitcoin s price (XBT) is now more than 15 times as high as it was at the start of the year. South Korean police have accused North Korean hackers of targeting at least four different exchanges this year that trade bitcoin and other digital currencies in South Korea. The rest will be refunded after bankruptcy proceedings, it said. Tim Wellsmore, director of threat intelligence at cybersecurity firm FireEye, said bitcoin exchanges had been slow to respond to the threats posed by hackers. .