Interesting to see that, apparently, Monero was never used.
Because most of the crypto economy is on Ethereum. Monero's own hubris and "better than thou" mentality quarantined itself from the rest of the ecosystem.
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
#152Our own banks commit 10x more fraud than that. See TD Bank money laundering case ongoing, could reach $4 billion in fines. Wells Fargo $3 billion in fines for fraudulent charges on fake accounts. JPMorgan Chase $1 bil settlement for UST and precious metal futures fraud. And those are just the ones I can remember from the last few years.
Sad to see this getting downvoted. HNers hate to admit this because then they can't paint crypto has a technology enabling fraud.
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#153Serious 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 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 never come back.
I never thought about it like this but it’s the largest open air prison on earth.
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#154Earlier quoted context omitted.
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.
Both conflicts were about punishment and troop training, and they achieved that. If they wanted to they could have razed every square km with conventional weapons alone.
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#155Serious 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…
Tell me you're American without telling me you're American :D
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#156Why these Lazarus geniuses didn't use XMR at all, huh?
I like it, that somebody thinks $4B is a lot. If FIAT CASH was trackable as crypto, your head would explode.
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#157Earlier quoted context omitted.
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.
> They got humiliated in Afghanistan
We gave up and left for political reasons. Any humiliation was self-inflicted.
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#158Earlier quoted context omitted.
> Australia Don't worry, Australia's going to fix that! By making "harming public confidence in the banking system or financial markets" "serious harm" under the upcoming Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2024. And by "fix", I mean "suppress discussion about", of course.
There's no shortage of things to complain about regarding the U.S., but its First Amendment is pretty great IMHO.
I wanted to comment that any country has something about freedom of speech in their constitution, the problem is usually that the government doesn't respect its own law.
But when I went to compare american and russian constitutions and if you only judge the text, the us is worded better. In russian it's simply "freedom of speech is guaranteed to anyone" while in the us it's more specific about not creating new laws harming freedom of speech.
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#159Earlier quoted context omitted.
There's no shortage of things to complain about regarding the U.S., but its First Amendment is pretty great IMHO.
I wanted to comment that any country has something about freedom of speech in their constitution, the problem is usually that the government doesn't respect its own law. But when I went to compare american and russian constitutions and if you only judge the text, the us is worded better. In russian it's simply "freedom of speech is guaranteed to anyone" while in the us it's more specific about not creating new laws h…
> not creating new laws harming freedom of speech
Tests are helpful, when writing rules. US freedom of speech has been influenced by law on asymmetry of economic resources in groups vs. individuals [2010], allowing state propaganda in domestic media [2012], and gov-corp coordination of social media moderation [2024].
[2010]https://en.wikipedia.org/wiki/Citizens_United_(organization) [2012]https://en.wikipedia.org/wiki/Smith%E2%80%93Mundt_Act [2024]https://www.scotusblog.com/2024/06/justices-side-with-biden-...
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#160Earlier quoted context omitted.
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.
Both conflicts were about punishment and troop training, and they achieved that. If they wanted to they could have razed every square km with conventional weapons alone.
Americans keep saying this and it makes me laugh every time, because you didn't learn anything from Vietnam.
Just like in Vietnam, the stated goal was to replace the government - in this case, to remove the Taliban - that's why you created the Afghan National Army and their flimsy democracy. All told, the US has spent $8 trillion and several thousand young men on the GWOT. Once the US pulled out, the Taliban strolled back into Kabul.
$8 trillion will reduce the US debt by 25%, or pay off all student debt, or build 80 million $100k homes. Wasted, and the only thing you have to show for it is nothing tangible, except more vibrant terror groups, and immigrants flooding Europe. Meanwhile, 8k US veterans die by suicide yearly.
You had the firepower but failed to achieve your political goals. Just like in Vietnam, Iran, Syria, Laos, Cambodia, and more countries than I care to mention. While ruining the lives of innocent millions, of course.
So, you failed. Admitting it might be hard, but it will bring the US to a place of humility and help you avoid adventures like this going forward.
And to be pedantic, no you can't raze every sq. km of 652,860 km². Assuming, even just 1000 tons of explosives per km2, that's nearly 700 million tons of explosives. At $30k a ton, you'd be spending $21 trillion on enough explosives.