North Korea has turned to bitcoin hacking to make some cash – Mashable

Hackers in North Korea have managed to steal about $88,100 worth of bitcoin — about 73 bitcoins now — between 2013 and 2015, reports Radio Free Asia.

With much of its economic channels under sanctions by the U.N., the untraceable digital currency provides a way for the reclusive dictatorship to bring some cash into its gates.

Hackers took roughly 40 million won ($35,416) worth of bitcoin after Seoul shut down the joint industrial zone at Kaesong, Choi Sang-myong, a senior official at Hauri Inc., was quoted as saying. Hauri is a South Korean cybersecurity firm.

“Cyber-criminals have turned to bitcoin for money as it is very difficult to track them down,” Choi said. “North Korea [has] jumped on the bandwagon of bitcoin extortion since around 2012.”

More at: North Korea has turned to bitcoin hacking to make some cash – Mashable

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