Claims North Korean hackers stealing Bitcoin to finance Kim Jong-un's regime

It is claimed North Korean hackers are stealing Bitcoin to help finance Kim Jong-un's regime.

Claims North Korean hackers stealing Bitcoin to finance Kim Jong-un's regime

It is claimed North Korean hackers are stealing Bitcoin to help finance Kim Jong-un's regime.

The value of the digital currency has risen dramatically this year with big gains during the last week.

Security researchers say it is a reasonable target and might be easier to gain than physical currency.

"The price rise right now is being driven by the expectation of larger institutions coming into Bitcoin. Time will tell as to whether or not Bitcoin gets to a point where its volatility is small enough for it to be used as a means of payment and store of value," said the head of the financial software firm Blockchain Xen Baynham-Herd.

One Bitcoin currently equals €13728.05.

more courts articles

Football fan given banning order after mocking Munich air disaster Football fan given banning order after mocking Munich air disaster
Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van

More in this section

Net zero Profits plummet at battery-maker LG Energy amid EV slowdown
Concern honours Ireland’s volunteers Concern honours Ireland’s volunteers
FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited