‘’we assume one of the reasons why bitcoin is being attacked is because the price keeps increasing and we think it’s reasonable for hackers to target’’, Ashley Shen, an independent security researcher said.
Adding: “Digital currency might be easier to gain than physical currency, so I think it’s reasonable”
This year, driven by sheer speculation, the currency’s value is up 1,500%
Now, one Bitcoin worth 16000$
Dramatically, bitcoin’s value has risen over the course of 2017, but especially during the past week.
Security researchers said that North Korea is seeking to profit from Bitcoin’s surging value by hacking Bitcoin exchanges.
“we have tracked attacks by hacking groups Lazarus, Bluenoroff and Andariel – suspected to be North Korean operations – on financial institutions including banks in Europe and South Korea, an ATM”, company and Bitcoin exchange Ms. Shen and her colleagues said.
“Before, when we tracked nation-state attackers, they usually perform cyberattacks which are aimed for confidential data and intelligence”, Ms. Shen added.
“However recently we’ve discovered that some of the Apt (advanced persistent threat) groups are trying to hack financial institutions like banks and Bitcoin exchanges to gain financial profit”
“My own opinion is they will probably keep doing the Bitcoins because the price keeps increasing and it’s a good investment.
So I assume they will do more Bitcoin attacks and of course they will keep targeting banks because that’s what they did before”
“The attacks had so far been unsuccessful “MS shen said.
Bitcoin has become increasingly attractive to hackers as it has surged in value, particularly over the last week.
One of her co-researcher who wishes to remain anonymous because they work for a south Korean bank said that just a few years ago the attacks were initiated to paralyze the society, but for some time now they’ve been hacking for money so I kind of wonder if they are facing financial difficulties.
Many dark web and online marketplaces where illegal commodities are bought and sold rely on cryptocurrencies.
The NCA conducts operations against criminal activity on the dark web and is alert to criminal threats which rely on its use.
“We’re also seeing that traditional crime groups are starting to use the Bitcoin network to store and transfer value and using ATM’s and peer-to-peer exchanges to cash in or out of the network.