this post was submitted on 25 Feb 2025
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North Korea steals $1.5bn as it pulls off world’s biggest ever heist (www.aol.com)
submitted 1 day ago by [email protected] to c/[email protected]
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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] 15 points 1 day ago (3 children)

First of all, I love that this is an AOL link. AOL is still around, eh?

Second, isn't crypto supposed to be trackable in the ledger? How are they hiding that much coin under a new name? That's the whole point of crypto.

[–] [email protected] 6 points 23 hours ago (1 children)

Why would they need to hide it?

[–] [email protected] 2 points 22 hours ago

That's a good point, but I'm not sure that's in crypto's favor. Since we know who now owns the stolen crypto, would someone buy it from them? Who is going to honor it? So, does the exchange just go defunct and everyone is out, or....?

[–] [email protected] 1 points 16 hours ago* (last edited 7 hours ago)

Depends on the coin. Bitcoin is more trackable than cash. But privacy coins provide...privacy

[–] [email protected] 1 points 20 hours ago

There are ways to clean crypto, by mixing it with other sources. See crypto mixers