North Korea’s DPRK to Host Cryptocurrency Conference In October 2018

According to a recent report, North Korea is preparing to hold a conference dedicated to blockchain technologies and cryptocurrencies. The event which is scheduled to take place in October 2018 is assumed to attract experts from around the world who will meet delegates of North Korean enterprises.

The conference will be a two-day event in the capital city of the DPRK, starting on October

1. Participants are expected to hold meetings with representatives of the North Korean state-run entities on October 3. This is according to a report by the U.S.-based Radio Free Asia (RFA) quoted by the South Korean Yonhap news agency.

A security expert told the radio station that North Korea appears to be trying to show off its capabilities when it comes to cutting-edge crypto and blockchain technologies.

But, the news about the forthcoming Pyongyang event occurs after another report accusing North Korea of utilizing digital security weaknesses in the West to acquire crypto capital through illicit means. Lazarus Group, a cybercrime syndicate often associated with North Korea, has deployed new malware adapted to infect multiple operating systems.

The cryptocurrency-stealing software was discovered after it penetrated the IT systems of an unnamed cryptocurrency exchange based in Asia. The attack took place after one of the platform’s employees downloaded an infected crypto trading application from a genuine looking website.

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