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] -1 points 20 hours ago (1 children)

I would say it is specifically a problem with crypto, i addition to what you said.

you wouldn't be able to do the above with a bank. They'd just make the transaction not to have happened.

with crypto, e.g. btc, you'd have to convince 2-3 of the big mining pools to undo the transction, so random private actors. and it undo all other transactions done as well.

maybe that it happens is not due to crypto. That it cant be remedied is certainly because crypto.

[–] [email protected] 1 points 9 hours ago

Banks can and certainly have lost large amounts to bad actors who were prepared enough to immediately move the money around and clean it, like what was done in this case.