I'm sure Trump will give Kim high fives
this post was submitted on 25 Feb 2025
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Say what you want about North Korea but they're the only one ballsy enough to take care of our right-wingers.
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?
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?
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.
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.
Wait till you learn about USD
Wait till you try to buy a coffee or pump your gas or pay rent with crypto. Go do your next transaction today with your crypto of choice I’m sure it’ll be very smooth.
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?
You’re not an asshole for buying gas but ok.
Where are you where all these services take crypto and which coin? You do all this without ever converting to your local currency? These vendors take the coins directly?
Some vendors take crypto. Most just take gift cards.
Eg airbnb
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
I'm sure you're laser focused on it.
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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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.
i feel the issue is with crypto
I have never really understood exchanges tbh. Centralizing decentralized currency feels like getting the downsides of normal money/investments with fewer of the benefits.
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.
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.
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.
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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North Korea's GDP would technically be up 5% from this. Great success.
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Did Kim steal Musk's jacket?
The article actually doesn't provide any proof it was North Korea. Why do they think it was North Korea?
Probably Israel leaving clues to make it look like DPRK
Looks like hexbear will be funded after all
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 :(
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.
Money most likely.
Nah, hexbear admins and users were pretty clear and unanimous from minute 1 that they'd rather have that money spent in mutual aid (go visit c/mutual_aid in Hexbear if you're interested) than in giving money to a cyberlandlord.
I heard they just a bunch of crypto they forgot about.
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.
Depends on the coin. Bitcoin is more trackable than cash. But privacy coins provide...privacy
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