FBI: North Korea behind the largest cryptocurrency theft ever
Published
The American Federal Bureau of Investigation (FBI) has announced that North Korea is behind what is being called the largest cryptocurrency theft of all time. According to the FBI, state-sponsored North Korean hackers stole the money from a cryptocurrency platform.
Cryptocurrency is digital money that is not controlled by a bank or a state. Thefts of such money often happen when hackers break into digital wallets or into the systems of exchanges, where people buy and sell cryptocurrency. Because the transactions are difficult to stop, it is often hard to get the money back.
The FBI says that in several cases the money has been moved through a series of digital accounts to conceal where it came from. US authorities believe the money is being used to finance the North Korean regime, which is under strict international sanctions. North Korea has previously been linked to several major cyberattacks against financial companies.
The case shows how great the risk of digital crime is in the cryptocurrency industry. It is not yet known how much of the money may be recovered. Norwegians who use cryptocurrency should be alert to phishing and other fraud attempts, and use only trustworthy platforms.
Sources: Head Topics
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