Kim Jong Un's North Korea-Backed Hackers May Target Bitcoin And Ethereum ETFs, FBI Issues Warning
Portfolio Pulse from Aniket Verma
The FBI has issued a warning about North Korean hackers targeting U.S.-based Bitcoin and Ethereum ETFs. These hackers, known for major cryptocurrency attacks, are researching potential targets, raising concerns about the security of these financial products. Coinbase, the custodian for most Bitcoin and Ethereum ETFs, is highlighted as a potential vulnerability.
September 05, 2024 | 10:04 am
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Coinbase, as the custodian for most Bitcoin and Ethereum ETFs, is identified as a potential single point of failure in the face of North Korean cyber threats. This raises security concerns for Coinbase and its role in safeguarding these assets.
The FBI warning highlights Coinbase's role as a custodian for the majority of Bitcoin and Ethereum ETFs, making it a potential target for North Korean hackers. This could lead to increased scrutiny and potential security measures, impacting Coinbase's operations and investor confidence.
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