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North Korea Builds Crypto Exchange: Report

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Wed, 29/08/2018 - 7:58
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North Korea Builds Crypto Exchange: Report
Cover image via U.Today
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A report from a Korea Development Bank, based in South Korea, says that a tech company from its aggressive “sister” in the North, called Chosun Expo, is working on the development of a exchange for trading electronic assets. Numerous news reports recently have also mentioned that North Korea has been mining crypto coins through malware by intruding on other users’ computers. So, one may say, the country is developing in the crypto space in its own specific manner.

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North Korea seems to have chosen “the dark side” of the cryptoverse, and has been suspected of creating and launching viruses, which steal virtual assets by hacking crypto exchanges in other countries. The Lazarus Group has been frequently mentioned in this regard. The recent news from the Kaspersky Lab is that Lazarus has made the first malware targeted at MacOS.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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