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North Korea steals $1.5bn as it pulls off world’s biggest ever heist (www.aol.com)

submitted 4 months 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] 4 points 4 months ago

The take away here is that many (all?) crypto exchanges are failing to properly secure their systems.

When your adversary is a nation-state with an actual army of hackers that can work 24/7 and deploy 0-days, it's hard to say for sure the exchange is at fault for not handling security properly. This isn't a lone Kevin Mitnick pulling a stunt, this is literal cyber warfare.

[-] [email protected] 1 points 4 months ago

Yet conventional currencies are not randomly having billions transfered out of accounts and to north korea?

this post was submitted on 25 Feb 2025

295 points (98.7% liked)

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