North Korea suspected in hack of the bankruptcy of the Bitcoin exchange Youbit

South Korean officials reportedly suspects North Korea in the hack, the shutdown of bitcoin exchange Youbit, always targeted by hackers.


South Korean officials suspect North Korea is the involvement of the hack, with its headquarters in Seoul, crypto money exchange at the beginning of this week.

Tuesday, the attack against Youbit would be the latest in a series of successful high-tech attacks by the secretive regime, which propagated to cyberwarfare, as it was reported faces increasing economic isolation, and the costly sanctions, the Wall Street Journal.

Youbit said on its website, which had been stolen by hackers 17 percent of total assets. He not went more to the total value of the seized assets.

The company announced that all users would be remaining assets that could be up to 75 percent of their value, with the customer in the back. There are also all trading will be suspended and have to file for bankruptcy.

To Explain Bitcoin Exchange Youbit, bankrupt After Hack

— CoinDesk (@coindesk) December 19, 2017

Youbit was hacked in April in a separate attack, the Korean government connected with North Korea, Reuters reported. Nearly 4,000 bitcoins were stolen in this incident.

Kim Jong-Un’s cyber-minions, the stolen 81 million US dollars in the last year, from the account of the Bangladesh Central Bank, have increasingly hacking as a means of raising money.

The new approach may be due to financial pressure. North Korea will likely start the effects of the U. N. experience-sanctions were said from September to March, 2018, the Institute for National security strategy, according to South Korea’s Yonhap News Agency.

The national security institute, affiliated with South Korea’s National Intelligence Service.

“In addition to further toughened sanctions, an increase in North Korea to investment in the conventional armed forces in the Wake of the military pressure from the (South Korean) deployment of American strategic assets to a forecast from the North of Korea met with American economy in earnest sometime after March of next year,” the Institute said.

The Trump administration has blamed North Korea for other recent cyber attacks, exacerbate the already high tensions between the two Nations.

Homeland security adviser Tom Bossert wrote in a Wall Street Journal op-ed published Monday night that North Korea was “directly responsible” for the WannaCry ransomware, and that Pyongyang will be held accountable.

And a South Korean legislator in October, said that North Korean hackers stole top-secret military documents that comprise the U.S.-South Korean war “decapitation strike” plans against the North Korean leadership.

South Korea last year North Korean hackers accused of the personal data of more than 10 million users of online shopping site and dozens of E-Mail accounts of government officials and journalists.

The United States in the year of 2014 has officially accused North Korea of hacking of Sony Pictures Entertainment about the Film “The Interview,” a satirical film about a plot to assassinate North Korea’s leader.

The Associated Press contributed to this report.

Gregg Re is an editor for Fox News. Follow him on Twitter @gregg_re.

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