| ▲ | dickfickling 2 hours ago |
| So, what's the most likely outcome here? Maybe Circle/Tether/etc freeze some or most of it, but say the hacker gets a billion dollars. Are they able to launder it thoroughly enough that they can eventually turn it into fiat and live like a king? |
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| ▲ | zaptheimpaler 2 minutes ago | parent | next [-] |
| Yeah, some criminal enterprise or state probably just made billions of dollars and will now use it against us for a long time. |
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| ▲ | schleck8 41 minutes ago | parent | prev | next [-] |
| The hackers managed to swap 700 million USD of the stable coins that were frozen beforehand, supposedly. And that doesn't account for the non-stable coin crypto they stole. I think we are looking at 2.5 to 3.5 billion here, that also aligns with what CZ is hinting at (more than a billion). |
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| ▲ | Eji1700 2 hours ago | parent | prev | next [-] |
| Curious if this finally pops tether. I kinda doubt it, but to my very mild research on the subject I feel like binance was a big part of the equation. Of course so long as the market exists it'll need a stable, and it's got the inertia, so maybe it just won't matter. |
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| ▲ | gfh687564 2 hours ago | parent | next [-] | | why would it pop tether? if anything, it makes tether more profitable, as they can collect the yield on the treasuries and not have to return the principal dollars which are frozen. think of it this way - if someone steals your iphone, and you lock it, does apple pop? No, apple sells you another one. locked devices are good for apple because it causes more demand. | | |
| ▲ | throwawaythekey an hour ago | parent | next [-] | | Is that what happens here? Tether just pocket the difference? | | | |
| ▲ | grey-area 28 minutes ago | parent | prev [-] | | Because Tether is an obvious fraud linked to these other obviously fraudulent companies and predicated on trust in cryptocurrencies. |
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| ▲ | s5300 an hour ago | parent | prev [-] | | [dead] |
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| ▲ | motionlessveloc 2 hours ago | parent | prev [-] |
| You misspelled "turn it into more nuclear weapons in North Korea", where Kim Jong Un is already living like a king. |
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| ▲ | zapataband1 2 hours ago | parent [-] | | [flagged] | | |
| ▲ | 10111001 2 hours ago | parent | next [-] | | > Yeah totally not israeli hackers... it has to be scary kim. The Israelis don't have any problem acquiring hard currency. North Korea does, and has an established MO of stealing crypto and running online moneymaking scams like ransomware. | | |
| ▲ | zapataband1 2 hours ago | parent [-] | | Oh no? Moneymaking scams? Wait till you hear how many children israel has killed in the last few years | | |
| ▲ | zamadatix an hour ago | parent | next [-] | | They were talking about the money sources, not the list of grivences by political source in order of severity. The latter, however much you'd like to make the conversation be about it, does not change how each actually gets its money. | |
| ▲ | an hour ago | parent | prev | next [-] | | [deleted] | |
| ▲ | an hour ago | parent | prev | next [-] | | [deleted] | |
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| ▲ | an hour ago | parent | prev [-] | | [deleted] |
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| ▲ | Catloafdev an hour ago | parent | prev | next [-] | | Do you have any reason to believe this? This fits the NK MO to a T. It does not fit Israeli intelligence activity. Your claim rings hollow without any support. | |
| ▲ | tommica 2 hours ago | parent | prev | next [-] | | Could be Claude! | |
| ▲ | Cyph0n 2 hours ago | parent | prev [-] | | Well, looking at the way NK is demonized, you would think it was on a genocidal rampage, invading neighboring countries, and eliminating heads of sovereign states in pursuit of its Greater NK project. | | |
| ▲ | wat10000 2 hours ago | parent [-] | | They’re demonized because they’re an awful regime that horribly oppresses their own people. Of all the reasons to demonize a government, that seems like a pretty good one. Why the snark? | | |
| ▲ | throwawaythekey an hour ago | parent | next [-] | | Whatever NK does seems relatively tame in today's world. On the global stage it's generally thought of as a larger crime to oppress the peoples of other's countries (either the ukraine or iran conflict should fit your priors). | | |
| ▲ | wat10000 44 minutes ago | parent [-] | | I’m not sure what’s supposed to be tame about operating one of the most oppressive societies in the world and keeping their people in poverty while building a nuclear arsenal. It’s definitely true that crimes against other countries are more frowned upon than crimes against one’s own people. Which doesn’t seem right to me at all. People are people and victims are victims whether it’s their own government or someone else’s. Hence why I’m confused about the snark. This seems like an instance where ugly norms are being broken for a good reason and it’s being treated like hypocrisy. | | |
| ▲ | throwawaythekey 29 minutes ago | parent [-] | | Agree crimes against your own people should probably be the more major consideration. In terms of who is the biggest baddie there are also elements of actively bombing/starving vs the more passive methods of NK control. TBH I think I (and maybe others) just get triggered when the bogey man is invoked each time there's a crypto story. |
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| ▲ | an hour ago | parent | prev | next [-] | | [deleted] | |
| ▲ | Cyph0n an hour ago | parent | prev [-] | | I would be less snarky if the faux concern didn’t just last as long as the media tells you to. Most recently, there was a period where Myanmar and the Uyghurs were in vogue, but not anymore. NK is more evergreen it seems. Setting aside the genocide, it is particularly funny at a time when Western governments are oppressing their own by crushing dissent on Israel, but I don’t see the same outrage there. | | |
| ▲ | wat10000 an hour ago | parent [-] | | You don’t see the same outrage around Israel? Have you... looked? It’s all over. I don’t understand what you mean about faux concern only lasting as long as the media says. North Korea is, as you say, evergreen. And I’m pretty sure it’s based on how awful that government is, not on “the media” telling us to hate them. | | |
| ▲ | Cyph0n 10 minutes ago | parent | next [-] | | I see the outrage, but I don’t see it at the level of NK, at least not in Western media or governments. I meant the faux concern over NK is evergreen unlike some other causes such as the ones I mentioned. As soon as (if ever) NK joins the fold of Western-aligned liberal states, the media machine will spin up and it will cease to be maligned, and you will move on to the next bogeyman. | |
| ▲ | jst1fthsdys 10 minutes ago | parent | prev [-] | | > not on “the media” telling us to hate them. Everything you know about NK is from the media. |
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