Tip of my tongue here, no need to upvote once answered. I am looking for a video of Andreas in which he talks about how people don’t understand money. He then goes on to explain what money is through a long-winded confusing quick explanation proving how little people know about money.


I have been searching for this video via google and youtube and cant find it. I am sure someone here know exactly what I am talking about. If you need me to further explain let me know.

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Edit: I just remembered he prefaced it with “Momma, what is money?”

Edit2: nvm found it [https://youtu.be/Ob9NNIOQJlk](https://youtu.be/Ob9NNIOQJlk)

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Cryptocurrency exchanges quick to shift blame from incompetent employees, to North Korea…


[](https://2.bp.blogspot.com/-CxpdKt-60IE/W80VB9couwI/AAAAAAAADyw/fZuE8xi0ir0PQ6YtkY2-J2kS99voCxY5wCLcBGAs/s1600/articlethumb-nk-hackers.jpg) Every year the respected cybersecurity outlet Group-IB releases an annual report, and [according to](https://thenextweb.com/hardfork/2018/10/19/cryptocurrency-attack-report/) TheNextWeb which obtained a summary of their latest report which will be released soon – North Korea is to blame for the majority of major cryptocurrency exchange hacks.

The date range covered is Feb 2018 to Sept 2018, where $882 million worth of cryptocurrency was stolen from online exchanges, and North Korea is getting credit for $571 million of it.

<table><tr><td>[](https://3.bp.blogspot.com/-07ySw6CJZf4/W80T7EFq0OI/AAAAAAAADyo/M-uopsiNnEYKwdnT1QcuKenTWzKTY6WUgCLcBGAs/s1600/NK-Hackcharts.jpg)</td></tr><tr><td>Chart of recent hacks.</td></tr></table> The most alarming part is – the methods aren’t very sophisticated.

“Spear phishing remains the major vector of attack on corporate networks. For instance, fraudsters deliver malware under the cover of CV spam that has a malware embedded in the document, After the local network is successfully compromised, the hackers browse the local network to find work stations and servers used working with private cryptocurrency wallets.” the report says.

Let’s be clear at what we’re looking at here – incompetence within the exchanges. 

Every method listed above involves a human within an exchange, making an amateur level mistake.  Whether it be opening an e-mail attachment that turns out to be malware, or “social engineering” which is a nice way to say – someone simply talked someone within an exchange to let them into someone else’s account.

Which makes me wonder – yeah sure, i’m convinced North Korea has state funded operations dedicated to stealing cryptocurrency – i’m definitely not arguing they’re innocence.

But when the exchanges are falling for old, simple tricks leading to massive amounts of stolen money – you have to wonder if they’d admit it if the suspect was actually a 14 year old wannabe hacker.

The blame here falls directly on these exchanges which clearly have employees with high levels of access, and low security training. 

Even if North Korea was behind all of these – at best they just happened to do it first.  If getting past exchange security is truly this easy – someone was going to do it eventually.

——-

Author: [Ross Davis](mailto:ross@globalcryptopress.com)

E-Mail: [Ross@GlobalCryptoPress.com](mailto:Ross@GlobalCryptoPress.com) Twitter:[@RossFM](http://twitter.com/rossfm)

San Francisco News Desk

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from Global Cryptocurrency Press – The latest in bitcoin and cryptocurrency. http://bit.ly/2PLayll

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