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South Korea suspects North Korea behind cryptocurrency exchange hack, theft of $30.4M
South Korea suspects a North Korean team may be behind the recent hacking of cryptocurrency exchange Upbit that led to the unauthorized withdrawal of 44.5 billion won ($30.4 million) in cryptocurrencies, the Yonhap News Agency reported on Friday. South Korean authorities are inspecting Upbit’s systems and suspect a group of hackers affiliated with North Korea’s spy agency, known as the Lazarus Group, were involved in what the exchange called “an abnormal withdrawal,” Yonhap said. The Lazarus Group has been blamed for a number of crypto heists in recent years, with the US Federal Bureau of Investigation citing ... (full story)
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It is my great pleasure to have the opportunity today to exchange views with a distinguished gathering of business leaders in the Tokai region. I would like to take this chance to express my sincerest gratitude for your cooperation with the various activities of the Bank of Japan's Nagoya Branch. As the Tokai region is one of Japan's largest exporting bases, we at the Bank, myself included, listen with great interest to the report from the General Manager of the Nagoya Branch at the meeting of general managers of the Bank's branches held quarterly. I am glad to be able to hear your views directly today. Before hearing from you, I would like to talk about developments in economic activity and prices a BOJ’S UEDA COMMENTS THAT THE GLOBAL ECONOMIC EFFECT OF U.S. TARIFFS HAS BEEN MINIMAL SO FAR. ... BOJ Governor Ueda says the central bank will continue raising the policy rate if economic activity and inflation meet projections. <JPY=>:*BOJ'S UEDA: FX IS MORE LIKELY TO AFFECT PRICES THAN BEFORE *UEDA: TO CONSIDER PROS, CONS OF RAISING POLICY RATE AT NEXT MPM *UEDA: EVEN IF POLICY RATE RAISED, CONDITIONS STILL ACCOMODATIVE *BOJ'S UEDA: REAL RATE IS VERY LOW
