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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

#191

Post by notepad0x90 »

night862 wrote: post #103
notepad0x90 wrote: post #98

Earlier quoted context omitted.

[flagged]

A bit of fun ... but my opinion is that a war with decades long ceasefire is common-law armistice. At the very least, stopping shelling is some sort of détente. I'll admit that "War" is a somewhat colloquial term nowadays, for better or worse.

I disagree, it is still war-proper if you have troops amassed at each others border, constantly training to invade each other and developing weapons (NK's ICBM aresnal) specifically to target the other guys (you need ICBMs to target america,not SK). If american policy changed and america withdrew troops from SK, there will be a continuation of the Korean war, since NK's leadership believes the US is the only thing standing in their way of unifying the korean people.

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

#192

Post by churchill »

petre wrote: post #189
churchill wrote: post #171

Earlier quoted context omitted.

Yes, for destabilizing Libya and Syria. Those millions of Syrian immigrants that suddenly started flooding Europe had been living contently in their homeland. What changed starting in 2014? Gaddafi was a major force in stemming illegal immigration through the Sahara. What changed in Libya in 2011?

The US hasn't destabilized Mexico, Guatemala and El Salvador, yet they get migrants from those countries. And Gaddafi also got screwed by Szarkozy and Tony Blair. The US probably had other plans which didn't quite work out as intended.

Hah! The US has a long and shameful history of meddling in Latin America: coups, outright invasions (Panama, Grenada, Nicaragua, Honduras, etc.) and overthrows or assassinations of democratically-elected leaders considered leftist.

Arbenz in Guatemala, Allende in Chile, etc.

Haiti: Historian Hans Schmidt notes that, “US Navy ships visited Haitian ports to ‘protect American lives and property’ in 1857, 1859, 1868, 1869, 1876, 1888, 1889, 1892, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1911, 1912, and 1913. Finally, tired of all those round trips, the U.S. occupied Haiti from 1915 to 1934."

Among others, in the 1980s, a Guatemalan military that received U.S. support carried out scorched earth campaigns that massacred upwards of 200,000 mostly indigenous people [1].

And that's before you count all the other American-trained and armed military juntas that systematically murdered, tortured, and raped millions of dissidents "leftists" with Uncle Sam's blessing.

Wikipedia has an entire page on it: go take a look. [2]

[1] https://repmcgovern.medium.com/decades-of-us-intervention-ha.... [2] https://en.wikipedia.org/wiki/United_States_involvement_in_r...

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

#193

Post by manquer »

jorvi wrote: post #104
delusional wrote: post #87

Earlier quoted context omitted.

This was the case maybe 20 years ago, but modern anti money laundering has moved the needle significantly in recent years. Where I live there are now rather strict limits on what consumers can do without subjugating themselves to what's called "Due-diligence". Which is in fact about NOT assuming cleanliness. Know You Customer is all about not blindly assuming your counterparty is honest.

Yup. This also why people should only use fintech banks (Revolut, N26, Bunq, etc) as a checking account and should keep the bulk of their money elsewhere. Because of the relatively low-friction signup process, fintech banks are extremely trigger happy with account locks, and at that point you have to go through their permanently-overloaded customer service to get your money transferred to another bank, a process that…

Also don’t keep money that that you cannot afford to miss in fintech because they are not banks at all.

The FDIC insured bank which actually has money when using these apps is somewhere in the backend and you get stuff like the synapse bankruptcy[1]

[1] https://apnews.com/article/synapse-evolve-bank-fintech-accou...

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

#194

Post by manquer »

pton_xd wrote: post #22

Our 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.

Our banks don’t work with Iranians or North Koreans , with crypto it is also about who not how much

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

#195

Post by manquer »

lotsofpulp wrote: post #100
iamacyborg wrote: post #63

Earlier quoted context omitted.

You’re going to have to try make a case for that one.

Because “Know your customer” is the government creating a plausible deniability shield for discriminating against a person or group of people. It should be the government’s job to prosecute criminals by proving they commit crimes, which allow the accused to defend themselves in court, which hopefully results in less corruption. With KYC, the intent is to not allow the accused a chance of defending themselves. It is a…

Is there evidence of discrimination ? Are banks rejecting services because of age/race/gender/ethnicity etc ?

KYC to reject basis legality of the source seems an acceptable tradeoff to live in a civilized society?

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

#196

Post by godelski »

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…

  > cut North Korea off from the Internet, how hard would that be to do? Could we just knock out a few cables?
  > Is this just not logistically feasible?
NK shares a physical border with China and Russia. Not to mention that we can send data by means other than a physical wire.

Even if you were willing to block Russia and China from "the internet" (lol) it would be nearly logistically impossible.

Even if you were willing to destroy all sense of privacy and track every single packet sent (what a terrible dystopian idea), there's still going to be ways to fake this. It would only make it harder, not impossible.

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

#197

Post by woodruffw »

mattmaroon wrote: post #177
woodruffw wrote: post #78

Earlier quoted context omitted.

Taking you seriously: I’m pretty sure NK has non-oceanic interconnects with both China and Russia. So unless your plan involves attacking within the internationally recognized borders of either and living with the consequences, the answer is “not easy.”

I assume the US is willing to do this because we do it frequently, though not with China or Russia. I’m not sure about the DPRK, and was asking more of a technical question than a political one. Like, how many cables would we need to cut and how exposed are they? I’m aware they’re a nuclear power (ish) and the politics aren’t trivial.

I don’t think we go around frequently cutting international interconnects? Do you have a source for this?

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

#198

Post by lotsofpulp »

manquer wrote: post #195
lotsofpulp wrote: post #100

Earlier quoted context omitted.

Because “Know your customer” is the government creating a plausible deniability shield for discriminating against a person or group of people. It should be the government’s job to prosecute criminals by proving they commit crimes, which allow the accused to defend themselves in court, which hopefully results in less corruption. With KYC, the intent is to not allow the accused a chance of defending themselves. It is a…

Is there evidence of discrimination ? Are banks rejecting services because of age/race/gender/ethnicity etc ? KYC to reject basis legality of the source seems an acceptable tradeoff to live in a civilized society?

Age/race/gender/ethnicity and other legally defined protected classes are not the only possible instances of discrimination. An example is a person sending money to family in a country where there is less rule of law and they get suspected of terrorism (regardless of firm evidence), or someone selling sex services that gets dropped because a bank does not want to deal with them. Or it could just be errors in the programs and people flagging accounts and transactions.

Electronic money transfer is a vital function of modern life. It should be a constitutionally protected, inalienable right, even for anyone convicted of crimes, just like criminals are still housed and fed.

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

#199

Post by pjkundert »

__turbobrew__ wrote: post #79
walterbell wrote: post #13

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…

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

Or, you know… build more houses.

We could drop western Europe into central BC / Alberta/ Sask. / Manitoba and not notice.

Or, we could destroy our small builders, import millions of immigrants incapable of construction / trade work, inflate asset prices, pay for their housing with government grants, lie about CPI inflation, and fix it all if we just…

“only allow Canadian nationals to own real estate”?

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

#200

Post by pjkundert »

manquer wrote: post #194
pton_xd wrote: post #22

Our 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.

Our banks don’t work with Iranians or North Koreans , with crypto it is also about who not how much

“don’t work with …”

You seem strangely certain of that.

It is unlikely that you should be.

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