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

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

#141

Post by lucasRW »

mattmaroon wrote: post #23

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…

They already partially operate from China. They would just do that more. They could even have their own connection to China and connect to the Internet from there. It's going to be a wack-a-mole thing that they easily win.

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

#142

Post by CaptainOfCoit »

calpaterson wrote: post #107
phyalow wrote: post #81

Earlier quoted context omitted.

To be fair so does most of the traditional banking system.

The financial system runs on a soft-whitelist system with extra checking and a shadow banning system. This is why everyone is always asking everyone to demonstrate the sources of funds in finance. Obviously it is not 100% effective, but it is somewhat effective. You cannot just jog in from Iran and enroll as a JP Morgan client

> soft-whitelist system

A whitelist/allowlist is a system that defaults to rejecting everything, but allow someone to override that rejection.

A blacklist/denylist is a system that defaults to allowing everything, but can on-demand block/deny something.

Banking system for individuals today mostly have a blacklist/denylist for the common use case. Walk into a bank and ask to open an account, and they'll most likely allow you.

If you manage to trip up any alerts (big deposits for example), they'll ask you for more info, citing KYC/AML for the reason why.

> This is why everyone is always asking everyone to demonstrate the sources of funds in finance.

This usually happen after the funds have touched some account you own, hence it's a blacklist system. A whitelist system wouldn't allow you to deposit those funds until after you got verified somehow.

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

#143

Post by a_dabbler »

seydor wrote: post #127
a_dabbler wrote: post #86

Earlier quoted context omitted.

DNS != The internet. You can still use the internet without access to the DNS root servers

You could also run the internet on smoke signals but nobody does it

If you think losing DNS root servers means that NK would have to use smoke signals then I think you don't understand how the internet works frankly. If you blocked your own computers access to the DNS root servers right now you probably wouldn't even notice the difference

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

#144

Post by stuffoverflow »

n_ary wrote: post #133

Question from my curious mind. How are the Metamask instances of specific device getting replaced by modified/malware-d version? How does that even work?

Basically they first need to get a remote shell and are then able to replace the extension source with the modified one.

This article does a good job explaining it more in depth.[0]

0: https://securelist.com/the-bluenoroff-cryptocurrency-hunt-is...

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

#145

Post by ClumsyPilot »

churchill wrote: post #108
averageRoyalty wrote: post #42

Earlier quoted context omitted.

The land of democracy, ladies and gentlemen. Rights for us, nobody else.

Funny thing about American meddling is that it always comes back to bite the US in the ass. The War of Terror has cost $8 trillion and there's nothing tangible and lasting the US has to show for it. Groups like Al Qaeda, ISIS (esp. their networks across Libya, Iraq, etc.) are offshoots of American meddling in the region, growing healthily despite everything. Afghanistan, Vietnam, Iran (now a rabid enemy), Iraq, Syria…

> it always comes back to bite the US in the ass

Does it? So far millions of traumatised and in various ways challenging to deal with refugees are in Europe.

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

#146

Post by icameron »

mattmaroon wrote: post #23

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…

I think their main connection comes through china, but if that was cut off they could still use star links.

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

#148

Post by hash9 »

idiotsecant wrote: post #140
appendix-rock wrote: post #40

Earlier quoted context omitted.

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.

When was the last time they used that "explosive power" to good effect? They got humiliated in Afghanistan and Russia isn't even scared to act out any more. The only people who think America still rules the world is it's delusional populace.

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

#149

Post by nprateem »

tempodox wrote: post #136
mattmaroon wrote: post #95

Earlier quoted context omitted.

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.

Just need to add it as a new mission in GTA6 and there'll be no problem in 3 years time.

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

#150

Post by CaptainOfCoit »

yieldcrv wrote: post #53
CaptainOfCoit wrote: post #7

Earlier quoted context omitted.

> I'd imagine it's pretty easy, too. You've already got the assets in a poorly-accountable and liquid state Alright, so walk me through it because I don't see how it's easier to wash than other ill-gained funds like cash. You robbed someone and now you sit on $200M worth of Bitcoin. How you unload them so you have cash you can use, when every transaction is traceable and any exchange willing to trade for those amount…

with clean funds launch a new token and create a liquidity pool on uniswap with another set of clean funds in a second address you buy that token in the liquidity pool with the dirty funds in the third address you also buy the token and dont stop buying, you use all the dirty funds the second address sells, and you just are another lucky crypto trader with another 10,000% gain, indistinguishable from any other crypto…

If you think modern chain analysis can't look through those simple schemes, I'm happy the ecosystem seems more naive than I thought :)

Oh well, easier for criminals to get caught I suppose, so not much harm done.

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