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How North Korea Launders Billions in Stolen Crypto

⁨154⁩ ⁨likes⁩

Submitted ⁨⁨2⁩ ⁨months⁩ ago⁩ by ⁨fusspilz@feddit.org⁩ to ⁨technology@lemmy.world⁩

https://www.coindesk.com/policy/2025/03/07/here-s-how-north-korea-launders-billions-of-stolen-crypto

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  • dhork@lemmy.world ⁨2⁩ ⁨months⁩ ago

    These agencies are sometimes able to retrieve stolen funds. In the case of the Colonial Pipeline ransomware attack in 2021, the Department of Justice (DOJ) was eventually able to recover almost 85% of the bitcoin (BTC) ransom paid to Russian cybercriminal group Darkside. It’s unclear how investigators obtained the hacking group’s private keys.

    Probably the old-fashioned way

    the XKCD with the pipe wrench

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    • Etienne_Dahu@jlai.lu ⁨2⁩ ⁨months⁩ ago

      IRL brute force

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      • AwesomeLowlander@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

        So, brute force. Since that’s the original meaning of the term :)

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  • oxysis@lemm.ee ⁨2⁩ ⁨months⁩ ago
    [deleted]
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    • sugar_in_your_tea@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

      ? Does that imply cash is only good for criminals? Because there’s a lot more money laundering w/ cash than crypto…

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