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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Wait till you learn about USD
Used for food, rent, bills, buying houses and cars, buying appliances and various tech, paying contractors, paying instructors/trainers in every field online or in person, paying for trips to the other side of the world, easily exchange for foreign currency… Etc.?
That USD?
Yeah, the one that’s used to launder money, buy drugs, and gamble more than any other currency in the world
Mostly because it’s the main currency, no?
For criminals yeah
You’re insane.
Guess you dont know much about money laundering
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I’m not an assshole so I dont buy gas. But I have bought many a coffee and pizza and sushi with crypto. And I’m paying my rent now with crypto
What’s your point?
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There is a such thing as progress.
Some vendors take crypto. Most just take gift cards.
Eg airbnb
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If you are converting time into magical bank credits and bank credits into USD then thats not the same as spending cash. That is the entire point.
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Yeah, but crypto bros specifically told me “Blockchain! Anonymous cryptographic fungible NFT AI!”
Love me a fungible non fungible token
North Korea’s GDP would technically be up 5% from this. Great success.
Looks like hexbear will be funded after all
You joke, but it looks like they actually did manage to regain their domain. Not sure how.
Last I read, the admin who was a day late in paying Sav for the renewal was actually able to transfer the domain to a different registrar (PorkBun) before Sav’s auction of the domain was complete. This maneuver was either something that Sav’s auction designers hadn’t anticipated, or the auction was compromised because the main bidder (j_s_) was a hexbear user who’d found a way to make unauthenticated bids.
At any rate, I don’t think they paid thousands for it.
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 :(
Isn’t it only worth 1.5 billion if you manage to sell it? How would you liquidate this much crypto?
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.
Say what you want about North Korea but they’re the only one ballsy enough to take care of our right-wingers.
Any technical juicy deets?
The record haul comes as Kim Jong-un, North Korea’s supreme leader, turns to elite units of computer hackers to prop up the Communist dictatorship’s failing economy.
I’m no apologist for NK, but this sentence is glaringly missing a nod to Western sanctions that caused the failing economy. It’s mentioned some paragraphs later, but I can’t not notice the subtle propaganda.
Are you implying that we should be openly trading with NK and funding their government? Seriously?
No, I’m saying that not acknowledging that sanctions caused the economy to fail is intended to make readers think that it failed because of Communism rather than being blocked from trade with most of the world.
Fish that bites its own tail. North Korea is weird as it is because of the isolation imposed on it after the country was quite literally levelled by US bombings. That’s the historical and materialist events that gave rise to “juche” ideology in the way North Korea understands it now. I think you’d be pretty scared of outsiders if your country had been as close to literally entirely destroyed as it gets by foreign bombing, and if when you tried to rebuild your economy you had been subjected to an almost complete economic blockade.
Is this the cause of the dip?
I’m impressed. As the old Arabic poem goes ليتني كوري شمالي
