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submitted 4 months ago by [email protected] to c/[email protected]

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] 2 points 4 months ago

Can’t people just stop trading that specific coin? Or just say it’s now worth 1$?

[-] [email protected] 2 points 4 months ago* (last edited 4 months ago)

This was a targeted attack against a cryptocurrency exchange. The specific crypto happened to be Ethereum (ETH), but more importantly the hackers were able to identify and target the specific employees needed for their multi-signature transactions, and infect their machines with malware to alter the user interface and show different destination wallet addresses. The exchange Bybit has offered a 10% bounty which could earn whitehats up to $140 million for any funds recovered, but I would be very surprised to see huge success with the use of mixers and such.

[-] [email protected] -2 points 4 months ago
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[-] [email protected] -5 points 4 months ago

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.

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this post was submitted on 25 Feb 2025
295 points (98.7% liked)

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