South Korea stated on Sunday it’s going to strengthen its monitoring system towards cryptocurrency-related phishing web sites by working with the Nationwide Police Company amid current surges in costs of digital cash.
The ICT ministry stated there have lately been growing stories of phishing makes an attempt by way of textual content messages that lead cryptocurrency customers to enter their alternate IDs and passwords on faux web sites to steal them and entry their accounts.
The ministry stated it discovered and blocked 32 such phishing web sites prior to now three months, in contrast with a complete of 41 web sites detected in the entire of final yr, stories Yonhap information company.
Examples of such web sites embrace www.bithnub.com, in contrast with the tackle of native cryptocurrency alternate Bithumb — www.bithumb.com.
The ministry stated it’s going to strengthen its 24-hour monitoring system to swiftly block such phishing web sites.
The Nationwide Police Company has additionally been conducting a crackdown on phishing web sites because the begin of March this yr.
As of Might 4, the police had been investigating 21 instances, wherein people accessed different cryptocurrency customers’ accounts and bought their belongings.
Main cryptocurrency Bitcoin topped $72,000 per unit in South Korea for the primary time in mid-April. The digital forex has since fallen, buying and selling at round 67 million gained on Friday, in line with Bithumb.
Amid rising costs, South Korean monetary authorities are additionally cracking down on unlawful actions involving cryptocurrencies, resembling cash laundering, till June.
(With inputs from companies)