CrowdStrike CEO George Kurtz told the mainstream media that North Korea was accumulating “absolutely” Bitcoin to launch cyber attacks.
Speaking to CNBC in the middle of a series of reports, the rogue state uses cryptocurrency to launch attacks on South Korea in particular, cybersecurity expert Kurtz said it was not necessary to to doubt that he amasses Bitcoin via theft.
“I certainly think this highlights North Korea’s cyber capabilities … it’s something that many businesses should be concerned about, especially companies that deal with bitcoin and cryptocurrency.” , did he declare.
Crowdstrike CEO on CNBC’s 2018 Cyber Threat Outlook.
North Korea’s propensity to steal Bitcoin from South Korean trade has become a common narrative as trade across the country is reporting hacks this year.
In particular, the exchange of Bithumb head saw its funds disappear en masse in July, while this week, the small stock market Youbit filed for bankruptcy because of piracy which made him lose 17% of its assets. This piracy is now attributed to North Korea.
“They’re building a Bitcoin cache, if you think about it, it’s an anonymous currency, it can easily get around all sorts of sanctions, because there’s none on Bitcoin, and the value has increased dramatically,” continued Kurtz.
“It’s the perfect motto for North Korea to hoard.”
The US government recently said that the NK was the author of this year’s WannaCry cyberattack that paralyzed big business around the world with Bitcoin ransomware.