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Lazarus Group laundered $200M from 25 crypto hacks to fiat

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131–140 of 227 posts

Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat

#131

Earlier quoted context omitted.

Not ones with nuclear weapons. Or one that manufactures all the toys that keep Americans happy.

That’s true, but are they really going to lob their two nukes at Maui just because we drone bomb a few wires? The Kims like being alive.

No. At least not because of that. But if they drone bomb Seoul, would you continue the escalation? Because the escalation can lead to that.

Also DPRK is threatening Seoul and Japan, not the USA.

Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat

#132
post #121

Earlier quoted context omitted.

The American way is creating problems and selling solutions.

They're not really selling solutions if it still costs them at the end. For the most part, US foreign policy is a net negative for America's pockets and many of their "allies."

They are a sophisticated money siphoning program. Socialize the cost of war (taxes), but privatize the gains (corporate profit).

Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat

#134

US/Canada 2024, $3 billion in fines by US regulators, https://rupakghose.substack.com/p/td-banks-aml-issues-and-fi... > DoJ investigation found.. [banking] business had been used to launder more than $650m between 2016 and 2021 from US fentanyl sales for Chinese crime groups and drug traffickers. Canada 2018, https://news.ycombinator.com/item?id=33918115 > An estimated $5.3 billion of laundered money into B.C. real e…

> DoJ investigation found.. [banking] business had been used to launder more than $650m between 2016 and 2021 from US fentanyl sales for Chinese crime groups and drug traffickers. According to the official CIA "world factbook" or whatever that is called: an estimated 3% to 5% of the world's fucking entire GDP is linked to criminal activities. Blockchains are cool in that they allow to follow the laundering (so it all…

I always assumed that bitcoin was propped up by purchases from money laundering - so that the total value of bitcoins more or less equalled the 3-5% of global GDP that is illegal / laundered etc.

Once upon a time when I looked at it the numbers seemed to stack up - everyone and their dog just used crypto as one stage in the laundering cycle is the assumption

Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat

#136
post #91

Earlier quoted context omitted.

>Serious question, if the United States decided to unilaterally cut North Korea off from the Internet, how hard would that be to do? Could we just knock out a few cables? You will have to cut cables going to Russia (and\or out of Russia) and China at least. Not to mention wireless comms.

How many? Near as I can tell a few drone bombs could accomplish this. We love drone bombing other countries.

I'm not sure drone pilots would cooperate. They are accustomed to live targets, after all.

Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat

#137

Serious question, if the United States decided to unilaterally cut North Korea off from the Internet, how hard would that be to do? Could we just knock out a few cables? North Korea pretty much only uses the Internet for scams Or to make money in violation of sanctions. They certainly don’t allow their citizens to use it for anything else, and they don’t allow their citizens to leave the country because they would ne…

USA doesn't care about North Korea. We love to have Boogeymen. What would the military industrial complex do and be without our Boogeymen?

Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat

#138

Earlier quoted context omitted.

Another reason why we should only allow Canadian nationals to own real estate in Canada.

What about shell companies? Corporations are people too!

Thats an easy fix: Only Canadian shell companies can own real estate in Canada! =)

Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat

#139

Earlier quoted context omitted.

> DoJ investigation found.. [banking] business had been used to launder more than $650m between 2016 and 2021 from US fentanyl sales for Chinese crime groups and drug traffickers. According to the official CIA "world factbook" or whatever that is called: an estimated 3% to 5% of the world's fucking entire GDP is linked to criminal activities. Blockchains are cool in that they allow to follow the laundering (so it all…

I always assumed that bitcoin was propped up by purchases from money laundering - so that the total value of bitcoins more or less equalled the 3-5% of global GDP that is illegal / laundered etc. Once upon a time when I looked at it the numbers seemed to stack up - everyone and their dog just used crypto as one stage in the laundering cycle is the assumption

Why would you do that? Unless your I'll gotten gains are natively already crypto (bitcoin ransomware) adding crypto to the process just makes it way more difficult and traceable. Massive financial machines well integrated into the world banking and political structures already launders money just fine on its own in truely massive quantities.

Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat

#140

Serious question, if the United States decided to unilaterally cut North Korea off from the Internet, how hard would that be to do? Could we just knock out a few cables? North Korea pretty much only uses the Internet for scams Or to make money in violation of sanctions. They certainly don’t allow their citizens to use it for anything else, and they don’t allow their citizens to leave the country because they would ne…

Only an American would ever entertain this idea without being at least a bit tongue in cheek about it. The US doesn’t own the Internet.

The US owns the world, the same way any big empire does. Exersice of soft power when it works, and violently explosive power when it doesn't. Power flows from the barrel of a gun, not from who owns some DNS servers.
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