this post was submitted on 25 Feb 2025
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The hackers stole more cryptocurrency in one attack than all the funds stolen by North Korean cyber criminals in 2024, when the rogue state’s cyber attackers made off with around $1.3bn in digital coins, according to cryptocurrency analysts Chainalysis.

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[–] Rentlar@lemmy.ca 83 points 2 weeks ago (1 children)

North Korea's GDP would technically be up 5% from this. Great success.

[–] someguy3@lemmy.world 4 points 2 weeks ago

Doesn't cagr though.

[–] HootinNHollerin@quokk.au 45 points 2 weeks ago (2 children)

Looks like hexbear will be funded after all

[–] Zagorath@lemm.ee 5 points 2 weeks ago (2 children)

You joke, but it looks like they actually did manage to regain their domain. Not sure how.

[–] IMALlama@lemmy.world 15 points 2 weeks ago (2 children)
[–] nomy@lemmy.zip 8 points 2 weeks ago

I heard they just a bunch of crypto they forgot about.

[–] AES_Enjoyer@reddthat.com 3 points 1 week ago

Nah, hexbear admins and users were pretty clear and unanimous from minute 1 that they'd rather have that money spent in mutual aid (go visit c/mutual_aid in Hexbear if you're interested) than in giving money to a cyberlandlord.

[–] freamon@preferred.social 5 points 1 week ago

Last I read, the admin who was a day late in paying Sav for the renewal was actually able to transfer the domain to a different registrar (PorkBun) before Sav's auction of the domain was complete. This maneuver was either something that Sav's auction designers hadn't anticipated, or the auction was compromised because the main bidder (j_s_) was a hexbear user who'd found a way to make unauthenticated bids.

At any rate, I don't think they paid thousands for it.

[–] AES_Enjoyer@reddthat.com 2 points 1 week ago

Sadly I'm afraid Hexbear doesn't get the Xi-bux it rightly deserves, it's even blocked by the great Chinese firewall (thought the reasons aren't clear). I wish the left was as well funded as people claim :(

[–] GenosseFlosse@feddit.org 38 points 2 weeks ago (1 children)

Isn't it only worth 1.5 billion if you manage to sell it? How would you liquidate this much crypto?

[–] nomy@lemmy.zip 42 points 2 weeks ago

Launder it and slowly sell it off through sock puppets.

They're a nation-state level actor, they have significant resources of their own and solid ties to both China and Russia, who are even more skilled and have even more resources.

[–] NoIdiots@lemmy.cafe 21 points 1 week ago

Say what you want about North Korea but they're the only one ballsy enough to take care of our right-wingers.

[–] __nobodynowhere@sh.itjust.works 17 points 2 weeks ago

Did Kim steal Musk's jacket?

[–] pelespirit@sh.itjust.works 15 points 2 weeks ago (3 children)

First of all, I love that this is an AOL link. AOL is still around, eh?

Second, isn't crypto supposed to be trackable in the ledger? How are they hiding that much coin under a new name? That's the whole point of crypto.

[–] nao@sh.itjust.works 7 points 2 weeks ago (1 children)

Why would they need to hide it?

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There are ways to clean crypto, by mixing it with other sources. See crypto mixers

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[–] DarkCloud@lemmy.world 11 points 2 weeks ago

Oh I'm sure that'll settle things down. World peace can't be that far away!

[–] nomoredrama@lemmy.world 10 points 2 weeks ago (1 children)

The article actually doesn't provide any proof it was North Korea. Why do they think it was North Korea?

[–] jagged_circle@feddit.nl 5 points 2 weeks ago

Probably Israel leaving clues to make it look like DPRK

[–] someguy3@lemmy.world 9 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

Agents from Pyongyang were able to breach the systems of Dubai-based exchange Bybit to steal the digital coin Ether, according to security analysts.

*More

Hackers gained access to Bybit’s internal systems using so-called “phishing” email, which prompted an employee to input their login details to a seemingly legitimate website that was actually compromised.

The hackers were then able to gain access to a so-called “cold wallet” – a supposedly secure cryptocurrency storage device that holds coins offline and away from the internet. When Bybit came to transfer funds from the offline wallet to its online systems, the hackers sabotaged the transfer and stole the funds.

[–] martinb@lemmy.sdf.org 3 points 2 weeks ago* (last edited 2 weeks ago)

So hot wallets?

No. From the article, phishing to get access to a cold wallet..

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[–] LainTrain@lemmy.dbzer0.com 9 points 2 weeks ago (1 children)

Any technical juicy deets?

[–] Tar_alcaran@sh.itjust.works 5 points 2 weeks ago

They phished an employee and got cold-wallet access.

[–] jagged_circle@feddit.nl 8 points 2 weeks ago

Is this the cause of the dip?

[–] TacoButtPlug@sh.itjust.works 5 points 1 week ago

I'm sure Trump will give Kim high fives

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