North Korea’s hackers are reportedly targeting bitcoin exchanges

North Korea’s hackers have been linked with many attacks, including the 2014 Sony hack, but it looks like the totalitarian state is now targeting bitcoin, and crypto coin exchanges in particular, with its hacking teams.


BEAM Team

17 Sep, 2017

North Korea’s hackers are reportedly targeting bitcoin exchanges | BEAMSTART News

- From our Sponsors -

North Korea’s hackers have been linked with many attacks, including the 2014 Sony hack, but it looks like the totalitarian state is now targeting bitcoin, and crypto coin exchanges in particular, with its hacking teams.

That’s according to a new report from cybersecurity firm FireEye, which claims to have tracked at least five attacks on bitcoin exchanges, or individual bitcoin wallets, within the past six months. The targets reportedly include South Korea-based exchange Yapizon, and two others that were not named.

Korea’s top crypto exchange Bithumb, the world’s fourth largest exchange, was hacked in late June, while the country’s top Ethereum exchange is said to have lost over $1 million via a breach earlier this month, but it is unclear whether North Korea was involved in either heist.

Related: Create awareness & reach out to more people

The rise of bitcoin, which has surged to record highs this year and touched $5,000 per coin on some exchanges this month, and Ethereum, which has gone from $8 per coin in January to around $300 today, has made exchanges and other places were coins are stored hugely attractive targets for hackers. If figures, then, that North Korea — which already draws revenue from illicit businesses — is interested.

“It should be no surprise that cryptocurrencies, as an emerging asset class, are becoming a target of interest by a regime that operates in many ways like a criminal enterprise. While at present North Korea is somewhat distinctive in both their willingness to engage in financial crime and their possession of cyber espionage capabilities, the uniqueness of this combination will likely not last long-term as rising cyber powers may see similar potential,” FireEye concluded.

Related:

- From our Sponsors -

Latest Jobs

Full Stack/Machine Learning Intern (Summer 2026)

Morph

California,

Internship

USD 6000 — USD 10000 yearly

Forward Deployed Software Engineer

Simple AI

California,

Full Time

USD 100000 — USD 140000 yearly

Customer Success Manager

Storylane

Full Time

USD 50000 — USD 120000 yearly

Founding Senior BDR in SF

Hyperbound

California,

Full Time

USD 120000 yearly

Founding Software Engineer

Waypoint Transit

California,

Full Time

USD 120000 — USD 170000 yearly

AI Forward Deployed Engineer - Member of Technical Staff

Harper

California,

Full Time

USD 140000 — USD 230000 yearly

Founding Engineer - Hardware & Chip Design

Exa Laboratories

California,

Full Time

USD 150000 — USD 300000 yearly

Founding Engineer — AI Research Agents (Full-Stack)

Sixtyfour

California,

Full Time

USD 120000 — USD 200000 yearly

Founding Engineer

Miracle

California,

Full Time

USD 130000 — USD 190000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).