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Illegal cryptocurrency may be quietly getting into N Korea varsity: Report

Crypto-currencies may provide a financial lifeline to North Korea which has been hit hard by sanctions: Report

Reuters  |  Seoul 

A cybersecurity company said it has found software that appears to install code for mining cryptocurrency and sends any mined coins to a server at a North Korean university, the latest sign that North Korea may be searching for new ways to infuse its economy with cash. The application, which was created on Dec 24, uses host computers to mine a cryptocurrency called Monero. It then sends any coins to Kim Il Sung University in Pyongyang, said cybersecurity firm AlienVault, which examined the program. "Crypto-currencies may provide a financial lifeline to a country hit hard by ...

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First Published: Tue, January 09 2018. 10:53 IST