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North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report

Posted on April 7, 2021 by Dissent

Felipe Erazo reports:

A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb.

Hackers Threatened to ‘Destroy’ Data and Cryptos Stolen

According to Maeil Kyungjae, the U.S. authorities found that North Korean hackers got access to personal data and funds from customers then demanded a ransom payment afterward. The blackmailers targeted the crypto exchange Bithumb by asking them for 20 billion won ($16 million).

Read more on Bitcoin.com

Related posts:

  • Investor losses legal battle against Bithumb for 2017 data breach incident
  • Three North Korean Military Hackers Involved in Sony Pictures Hack, Wanna Cry, and Numerous Other Attacks Indicted in Wide-Ranging Scheme to Commit Cyberattacks and Financial Crimes Across the Globe
  • Bithumb $31 Million Crypto Exchange Hack: What We Know (And Don’t)
  • KR: Fourth largest Bitcoin exchange, Bithumb, hacked for billions of Won
Category: Business SectorCommentaries and AnalysesNon-U.S.

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