this post was submitted on 25 Feb 2025
274 points (99.3% liked)

World News

661 readers
597 users here now

Rules:

  1. Be a decent person
  2. No spam
  3. Add the byline, or write a line or two in the body about the article.

Other communities of interest:

founded 4 months ago
MODERATORS
[email protected]
[email protected]
[email protected]
274
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]
51 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 4 hours ago

you wouldn't be able to do the above with a bank. They'd just make the transaction not to have happened.

No, in almost all cases they simply create another transfer to reverse it. If another bank is involved, they typically pay a fee to that bank to do it.

Source: I work in fintech. I've seen plenty of messes the banks clean up this way.