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North Korea’s nuclear program is funded by stolen crypto. Could FTX collapse it?

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1–10 of 11 posts

Re: North Korea’s nuclear program is funded by stolen crypto. Could FTX collapse it?

#2
So wait. If North Korea stole a couple billion over ~5 years, and it's a significant fraction of their nuclear program budget, why is the crash suggested to be such a disaster? Haven't they already sold most of their Bitcoins for missile parts?

Re: North Korea’s nuclear program is funded by stolen crypto. Could FTX collapse it?

#3
post #2

So wait. If North Korea stole a couple billion over ~5 years, and it's a significant fraction of their nuclear program budget, why is the crash suggested to be such a disaster? Haven't they already sold most of their Bitcoins for missile parts?

It just means that stealing crypto is no longer a viable source of funds to operate their nuclear program.

Re: North Korea’s nuclear program is funded by stolen crypto. Could FTX collapse it?

#4
post #3
post #2

So wait. If North Korea stole a couple billion over ~5 years, and it's a significant fraction of their nuclear program budget, why is the crash suggested to be such a disaster? Haven't they already sold most of their Bitcoins for missile parts?

It just means that stealing crypto is no longer a viable source of funds to operate their nuclear program.

I mean, sure it is, they just gotta steal more.

Re: North Korea’s nuclear program is funded by stolen crypto. Could FTX collapse it?

#5
post #4
post #3

Earlier quoted context omitted.

It just means that stealing crypto is no longer a viable source of funds to operate their nuclear program.

I mean, sure it is, they just gotta steal more.

It won't work if there isn't enough liquidity to cash out.

Re: North Korea’s nuclear program is funded by stolen crypto. Could FTX collapse it?

#6
I thought they were funded by perfectly counterfeiting US dollars.

https://en.m.wikipedia.org/wiki/Superdollar

I note that when I searched DDG for “north korea counterfeit dollar” it listed several sites offering to sell super dollars in bulk. That’s… ballsy.

Re: North Korea’s nuclear program is funded by stolen crypto. Could FTX collapse it?

#7
post #6

I thought they were funded by perfectly counterfeiting US dollars. https://en.m.wikipedia.org/wiki/Superdollar I note that when I searched DDG for “north korea counterfeit dollar” it listed several sites offering to sell super dollars in bulk. That’s… ballsy.

Nice try, secret service

Re: North Korea’s nuclear program is funded by stolen crypto. Could FTX collapse it?

#10
post #8

What are the best references available for telling the story of exactly how stolen Bitcoin turns into nuclear weapons?

Perhaps not the full story you’re looking for, but episode 119 of Darknet Diaries [1] discusses North Korea’s crypto heists.

[1]: https://darknetdiaries.com/episode/119/

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