North Korean hackers stole a record $1.7B of crypto last year

Post by EamonnMR » Fri, Feb 24, 2023, 4:02 PM UTC

monero-xmr wrote: post #10

moremetadata wrote: post #3

Not bad for a supposedly backwards repressed regime, unless thats the least stolen compared to 1st world countries? It also exposes a wider problem the crypto community are not addressing.

The crypto currency world is hyper focused on stopping this, considering it is one of the main avenues that statists attack crypto with now that the environmental nag is gone since the switch to Proof of Stake. I would say, conservatively, the traditional banking and real estate markets are 10,000x worse than crypto markets, but are un-policed because it's hidden, unlike the public blockchain networks. The few scams…

Post by anonymousDan » Fri, Feb 24, 2023, 4:03 PM UTC

crazygringo wrote: post #12

monero-xmr wrote: post #10

Earlier quoted context omitted.

The crypto currency world is hyper focused on stopping this, considering it is one of the main avenues that statists attack crypto with now that the environmental nag is gone since the switch to Proof of Stake. I would say, conservatively, the traditional banking and real estate markets are 10,000x worse than crypto markets, but are un-policed because it's hidden, unlike the public blockchain networks. The few scams…

> The crypto currency world is hyper focused on stopping this Can you explain how? I'm super curious because the whole point of crypto is you can't reverse transactions, and therefore crypto is only ever as secure as computer security generally, and there's nothing crypto can do about computer security generally. Or are people coming up with some new paradigm here that fixes this somehow?

Post by mattmcknight » Fri, Feb 24, 2023, 4:08 PM UTC

Post by acidtakes1 » Fri, Feb 24, 2023, 4:13 PM UTC

NelsonMinar wrote: post #32

"mixers—large digital pools where crypto owners can deposit funds to obscure their origins." I have a quibble with articles about cryptocurrency fraud. They always get around to mixers and then they define it as if it were some relatively legitimate thing, like an odd bank. "large digital pools", "deposit funds". You have to get to the last phrase ("obscure their origins") to understand what mixers really are. A prop…

Post by zht » Fri, Feb 24, 2023, 4:20 PM UTC

acidtakes1 wrote: post #47

NelsonMinar wrote: post #32

"mixers—large digital pools where crypto owners can deposit funds to obscure their origins." I have a quibble with articles about cryptocurrency fraud. They always get around to mixers and then they define it as if it were some relatively legitimate thing, like an odd bank. "large digital pools", "deposit funds". You have to get to the last phrase ("obscure their origins") to understand what mixers really are. A prop…

I don't understand why technology that provides a modicum of privacy must be demonized. It must be for money laundering and criminals. It can't have a legitimate use case. Is it used for nefarious activities? Of course, but not exclusively so.