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North Korea steals $1.5bn as it pulls off world’s biggest ever heist (www.aol.com)

submitted 11 months ago by Domino@lemmings.world to c/world@quokk.au

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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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[–] LandedGentry@lemmy.zip 97 points 11 months ago (41 children)

Crypto once again showing why it’s either just a casino with extra steps or a way to buy drugs rather than a serious solution for any currency or real world transactions.

It’s so amazing and digital and modern and easy to steal.

[–] TheTechnician27@lemmy.world 32 points 11 months ago* (last edited 11 months ago) (5 children)

Specifically too it's very easy to steal in bulk. Sure scamming grandma and grandpa out of their life savings has way fewer safeguards with crypto than with fiat currency, but it's absolutely still possible without crypto and happens all the time. This is the monetary equivalent of stealing nearly 16,000 kg of gold – something unthinkable with fiat currency.

[–] jonc211@programming.dev 12 points 11 months ago (2 children)

Though someone did steal 3,000 kg of gold one time.

https://en.wikipedia.org/wiki/Brink's-Mat_robbery

[–] Rai@lemmy.dbzer0.com 8 points 11 months ago (1 children)

That’s fucking WILD, I have never read about that.

It is insane that you can do that kind of a thing just sitting in front of a laptop with Tails now, though.

[–] jonc211@programming.dev 3 points 11 months ago* (last edited 11 months ago) (1 children)

Yeah, it’s pretty crazy

They made a TV mini-series about it a few years ago. It’s called The Gold. If you’re in the UK, it’s on BBC iPlayer. If not, then there may be other means of acquiring it!

[–] Rai@lemmy.dbzer0.com 2 points 11 months ago

I will absolutely check that out, thank you!

[–] turtle@lemm.ee 5 points 11 months ago

Holy moly. 3,000 kg of gold at today's price would be $281,382,000 (281 million dollars). Gold is $93,794 per kg at the moment.

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