North Korea making billions from stolen cryptocurrency • Hacker News Board

Re: North Korea making billions from stolen cryptocurrency

#61

Post by user_7832 » Sat, Nov 18, 2023, 3:56 PM UTC

capableweb wrote: post #38

Viewed with another lens, North Korea has quickly become one of the biggest production penetration testers, with a focus on making the cryptocurrency industry safer by demonstrating how much security some exchanges are lacking. If these exchanges actually did their job and hired competent people, maybe they wouldn't frequently lose user's funds. All for the cost of ~$US1.65 billion per year. I wonder if this would be…

> All for the cost of ~$US1.65 billion per year. I wonder if this would be cheaper or more expensive than a high-profile security consultancy covering the same surface area.

Depends on whether or not the consultancy is one of the big 3/4 lol

Re: North Korea making billions from stolen cryptocurrency

#62

Post by user_7832 » Sat, Nov 18, 2023, 4:01 PM UTC

yashg wrote: post #52

lrvick wrote: post #46

Earlier quoted context omitted.

Assuming most people that use cryptoassets are criminals is not very nice. The media loves to talk about criminals using it, as though criminals do not use every other asset class as well. I buy all sorts of things. To name a few.... Cloud servers, VPN subscriptions, hardware security modules, random number generators, mechanical puzzles, anonymous donations to charities, payments to/ from friends for splitting check…

Man, you are spending those tokens on coffee? You'll regret it when it reaches moon by next year. You can buy the whole coffee shop then with same number of satoshi-butts!

Please don’t attack others or be hostile.

Re: North Korea making billions from stolen cryptocurrency

#63

Post by user_7832 » Sat, Nov 18, 2023, 4:06 PM UTC

schleck8 wrote: post #24

lrvick wrote: post #19

Earlier quoted context omitted.

To you maybe. I regularly buy things with it.

Can you disclose three of the types or products you buy with it without going to jail though?

> Can you disclose three of the types or products you buy with it without going to jail though?

I know this isn’t the main point of your question, but illegal things can be moral (eg most “victimless crimes” like being homeless/sleeping in a van) while legal things may be immoral (eg bank accounts in the canary island).

Re: North Korea making billions from stolen cryptocurrency

#64

Post by anuraaga » Sun, Nov 19, 2023, 8:40 AM UTC

bluelightning2k wrote: post #5

Turns out there is a real world use case for crypto.

My running joke is that it would be awesome if Satoshi Nakamoto were North Korean and this was all planned from the start. I'd give it a 10% chance of being the case.

Re: North Korea making billions from stolen cryptocurrency

#65

Post by lrvick » Mon, Nov 20, 2023, 1:30 AM UTC

lrvick wrote: post #46

schleck8 wrote: post #24

Earlier quoted context omitted.

Can you disclose three of the types or products you buy with it without going to jail though?

Assuming most people that use cryptoassets are criminals is not very nice. The media loves to talk about criminals using it, as though criminals do not use every other asset class as well. I buy all sorts of things. To name a few.... Cloud servers, VPN subscriptions, hardware security modules, random number generators, mechanical puzzles, anonymous donations to charities, payments to/ from friends for splitting check…

*decentralized finance