Cryptocurrency Allegedly Stolen by Kim Jung-Un is being Used to Prevent Economy Recession

Noticias • 2020/05/15 • por Remitano

The group of hackers popularly known as the Lazarus group or Hidden Cobra has been reported to be backed by Kim Jung-un, the leader of North Korea. This group of hackers are said to have one primary objective which is to steal crypto with the use of phishing scams.

Wanting to prevent an economic meltdown during the COVID-19 crisis, sources say North Koreas has increased its efforts of theses hacks and that advanced persistent threat (APT) attacks would soon begin. Targeted countries seem to include South Korea and international countries such as the United States of America.

Although the Hidden Cobra is allegedly backed by Kim Jung-un, it is however very difficult to validate the authenticity of this claim. This group became popular after allegedly hacking Sony in 2014 over the creation of the movie "The Interview" and then allegedly went on to stealing over $570 million in cryptocurrency from crypto exchanges.

According to ESTsecurity in a press release on the 27th of April, the Lazarus group are also carrying out cyber-espionage activities and working on generating foreign currency.

Source: Cointelegraph

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