this post was submitted on 25 Feb 2025
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North Korea steals $1.5bn as it pulls off world’s biggest ever heist (www.aol.com)
submitted 1 day ago by [email protected] to c/[email protected]
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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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[–] [email protected] 16 points 1 day ago* (last edited 1 day ago) (2 children)

I have never really understood exchanges tbh. Centralizing decentralized currency feels like getting the downsides of normal money/investments with fewer of the benefits.

[–] [email protected] 3 points 6 hours ago

It's so the lambs can pretend to own "stock" in crypto therefore defeating the whole purpose of cryptocurrencies. And then it gets shorted and margined and bulshitted..

[–] [email protected] 14 points 1 day ago

Its because crypto doesn't work for 90% of things like people want to too so you have to use an exchange to make it faster.