🎧 Listen: In today’s episode of The Journal podcast, bobmcmillan explains how North Korean hackers stole $3 billion in crypto over the last five years, and the concerns about how they're using the money
This transcript was prepared by a transcription service. This version may not be in its final form and may be updated.Bob McMillan: We should.Bob McMillan: Okay. All right, sure. My name's Bob McMillan. I'm the cybersecurity reporter here in San Francisco, and I've been on The Journal podcast more times than I can remember talking about hacking.
Bob McMillan: There are a couple of countries that are really well known for hacking. The Chinese are really well known for taking personal data and intellectual property from American companies. The Russians are known for disinformation and for destructive attacks. The North Koreans are known for stealing money, that's their jam, and they've stolen an awful lot of it. In the last five years.
Bob McMillan: In 2014, Sony was set to release a movie that was very critical of North Korea and North Korean leadership called The Interview.Bob McMillan: And it was like this Seth Rogan comedy movie that was set in North Korea and spoofed the entire country and North Korea was really offended by this film and they hacked Sony.
Bob McMillan: Well, they hacked into the Bank of Bangladesh and they ordered all this money to be moved into accounts that they controlled, but they kind of screwed that one up and they actually didn't make as much money as they could have from it. It could have been a billion dollar hack.
Bob McMillan: And so right around that time is when they started really getting serious about Crypto and what they did was they started hacking Cryptocurrency companies and then moving that money around the world and cashing it out.Bob McMillan: There are a variety of techniques that North Koreans use. I mean, phishing messages.
Bob McMillan: Right, and within a relatively short amount of time they had mapped out the network. They had essentially discovered a flaw that even Sky Mavis itself didn't know about that that occurred within their own networks. They were good.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) + Ethereum (ETH) Basket Outperformed All Narratives in 90 Days: Analyst.thedefivillain indicated coins that outperformed ZK, metaverse, AI, LSD narratives in 2023
Read more »
Regulation in focus at Coinbase crypto summit, and Fed's Powell talks stablecoins: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Martin Leinweber, digital asset product strategist at Market Vector Indexes, discusses what he believes is moving markets amid the backdrop of the SEC's crackdown on crypto exchanges and regulatory developments overseas.
Read more »
How a Frenchman Stole Two Billion Dollars’ Worth of ArtBetween 1994 and 2001, Stéphane Breitwieser and his girlfriend Anne-Catherine Kleinklaus stole billions of dollars worth of art from museums and galleries. They carried no weapons, and never hurt anyone. They simply took it home and admired it.
Read more »
Jets.Capital - Crypto investment fund⚡️ Powerful speaker lineup for BlLife_Forum 🔹 H.E. Justin Sun (TRON) 🔹 Alexander Chehade (Binance) 🔹 Xinxi Wang (Litecoin Foundation) 🔹 Sergei Khitrov (and Use utoday10 to get 10% for tickets ⬇️
Read more »
EDX crypto exchange goes live offering bitcoin and ether trading, backed by Schwab and FidelityA crypto exchange backed by Charles Schwab, Fidelity and Citadel has officially launched trading in four crypto assets.
Read more »
First Mover Americas: Bitcoin Rallies as TradFi Players Jump Into CryptoBitcoin, the world’s largest cryptocurrency by market value, rallied over the past 24 hours after several traditional finance firms announced moves into the crypto market, indicating bullish sentiment. LedesmaLyllah and godbole17 report.
Read more »