this post was submitted on 25 Feb 2025
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The hackers stole more cryptocurrency in one attack than all the funds stolen by North Korean cyber criminals in 2024, when the rogue state’s cyber attackers made off with around $1.3bn in digital coins, according to cryptocurrency analysts Chainalysis.

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[–] [email protected] 1 points 1 hour ago (1 children)
[–] [email protected] 1 points 44 minutes ago

love that bit about nuclear attack on new york

what's your favorite bit?

[–] [email protected] 5 points 11 hours ago

I'm sure Trump will give Kim high fives

[–] [email protected] 19 points 22 hours ago

Say what you want about North Korea but they're the only one ballsy enough to take care of our right-wingers.

[–] [email protected] 37 points 1 day ago (1 children)

Isn't it only worth 1.5 billion if you manage to sell it? How would you liquidate this much crypto?

[–] [email protected] 40 points 1 day ago

Launder it and slowly sell it off through sock puppets.

They're a nation-state level actor, they have significant resources of their own and solid ties to both China and Russia, who are even more skilled and have even more resources.

[–] [email protected] 93 points 1 day ago (20 children)

Crypto once again showing why it’s either just a casino with extra steps or a way to buy drugs rather than a serious solution for any currency or real world transactions.

It’s so amazing and digital and modern and easy to steal.

[–] [email protected] 31 points 1 day ago* (last edited 1 day ago) (5 children)

Specifically too it's very easy to steal in bulk. Sure scamming grandma and grandpa out of their life savings has way fewer safeguards with crypto than with fiat currency, but it's absolutely still possible without crypto and happens all the time. This is the monetary equivalent of stealing nearly 16,000 kg of gold – something unthinkable with fiat currency.

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[–] [email protected] 16 points 1 day ago* (last edited 1 day ago) (8 children)

Are there crypto scams? yes, and plenty of them. Can you buy drugs with them? sure (and I thinks that's great!) Do either of the above statements get at the core issue here? not at all.

The issue here is not with the crypto itself. The issue here is the same issue that is regularly a problem anywhere software is deployed, digital security. The take away here is that many (all?) crypto exchanges are failing to properly secure their systems. Which is why the general rule that anybody investing in crypto should follow is never keep crypto in an exchange wallet unless you plan on trading it in the very short term. As an extension of that rule, you should never keep your crypto in a wallet that you don't hold the private keys for. If you don't have the private key for the wallet, it's not your wallet. Not your wallet, not your crypto.

[–] [email protected] 2 points 12 hours ago

i feel the issue is with crypto

[–] Rentlar 16 points 1 day ago* (last edited 1 day ago) (2 children)

I have never really understood exchanges tbh. Centralizing decentralized currency feels like getting the downsides of normal money/investments with fewer of the benefits.

[–] [email protected] 3 points 7 hours ago

It's so the lambs can pretend to own "stock" in crypto therefore defeating the whole purpose of cryptocurrencies. And then it gets shorted and margined and bulshitted..

[–] [email protected] 16 points 1 day ago

Its because crypto doesn't work for 90% of things like people want to too so you have to use an exchange to make it faster.

[–] [email protected] 16 points 1 day ago (2 children)

You know you could’ve asked what I already know instead of assuming it’s nothing and giving me the most basic 101 lecture all because I spoke ill of the almighty crypto. I mined for three years.

[–] [email protected] 1 points 19 hours ago

It wasn't meant as a lecture for you. I made no assumptions about what you know, just what you said. The lecture was for others coming by your comment because lots of people don't know the dangers of keeping crypto in exchange wallets.

Apologies if I offended you.

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[–] Rentlar 80 points 1 day ago (1 children)

North Korea's GDP would technically be up 5% from this. Great success.

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[–] [email protected] 8 points 1 day ago

Is this the cause of the dip?

[–] [email protected] 17 points 1 day ago

Did Kim steal Musk's jacket?

[–] [email protected] 44 points 1 day ago (6 children)

Looks like hexbear will be funded after all

[–] [email protected] 2 points 11 hours ago

Sadly I'm afraid Hexbear doesn't get the Xi-bux it rightly deserves, it's even blocked by the great Chinese firewall (thought the reasons aren't clear). I wish the left was as well funded as people claim :(

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[–] [email protected] 10 points 1 day ago (1 children)

The article actually doesn't provide any proof it was North Korea. Why do they think it was North Korea?

[–] [email protected] 5 points 1 day ago

Probably Israel leaving clues to make it look like DPRK

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