quote:
North Korean hackers had their biggest year yet for stealing cryptocurrencies in 2025.

Cyber attackers sponsored by the rogue regime have swiped over $2.02 billion in crypto since January, according to the latest findings from blockchain analytics firm Chainalysis.

Through early December, the Chainalysis report shows thieves supported by North Korea have stolen over 50% more in crypto this year than in 2024, bringing their total identified haul from crypto theft since 2016 to $6.75 billion.

North Korea new revenue stream

quote:
Crypto heists have become "the easiest way for DPRK cyber actors to fund their regime," said Eun Young Choi, an attorney at Arnold & Porter and a former federal prosecutor with experience investigating cyberattacks.

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Posted by lsuconnman

Baton rouge

Member since Feb 2007

4485 posts

Posted on 12/19/25 at 10:08 am to TigerintheNO

Crypto’s truly magical. The Norks can steal it, but they can’t use it….which is weird since it’s supposed to be decentralized and anonymous.

The good news is every BTC taken out of commerce reduces supply, increasing the value of the remainder.

MSTR needs to buy less, and corrupt more.

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Posted by dkreller

Laffy

Member since Jan 2009

33463 posts

Posted on 12/19/25 at 10:27 am to TigerintheNO

Prob behind all the Coinbase spam I get.

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Posted by UltimaParadox

North Carolina

Member since Nov 2008

51554 posts

Posted on 12/19/25 at 1:40 pm to lsuconnman

USDT is how they move the money these days.

Tether basically is the crypto use case all rolled up into one with basically zero oversight.

Until Tether is removed from the market, which seems impossible in the near term. Crypto prices are all completely irrelevant. Propped up Tether who can move prices in any direction, since they are backed by mostly drug money and fake promises.

quote:
Huione’s crypto wallets continued to transmit massive sums of USDT, whose value is pegged to the U.S. dollar. The Treasury Department targeted Huione for laundering billions of dollars in illicit proceeds, including for North Korean hackers and organized crime groups engaged in human trafficking and industrial-scale scam operations.

quote:
ICIJ released The Coin Laundry, a cross-border investigation with 37 media partners that examines how major industry players provide criminals with the tools to launder the proceeds of scams, theft, and other crimes — while those harmed are left with little hope of justice. The reporting included numerous examples of USDT being used by crime groups, including the Sinaloa cartel, Chinese traffickers of fentanyl and other drugs, and large-scale scam operators.

quote:
“This is the deeper infrastructure of money laundering,” he said.

WSJ Source

ICIJ Source

Tether also controls the BTC market... What is hilarious is that Bitfinex is the same company as Tether, and Binance is just a corrupt Tether exchange.

quote:
Tether Becomes Sixth Largest Bitcoin Holder, This milestone places Tether in sixth position among single-wallet Bitcoin holders. It now sits behind industry giants such as Binance and Bitfinex,

FinTech Source

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