North Korean hackers appear to have found a way to mine a rival crypto-currency to Bitcoin, potentially allowing the regime to cash in on booming virtual cash and avoid swinging sanctions that are crippling its economy, according to a cyber-security company.
Cyber-security firm AlienVault has identified malignant code that can be concealed in software on a host computer and is being used to mine the virtual currency Moreno before sending it to a North Korean university.
The application was released on December 24 and takes advantage of unsuspecting host computers anywhere in the world to obtain Monero.
California-based AlienVault has been able to track the virtual funds and determined that they are being transferred to a server at Kim Il-Sung University, where Kim Jong-un, the leader of North Korea, was a student for five years from 2002.
North Korea is known to be devoting a great deal of...
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