World News

438 readers

376 users here now

Please help and contribute as we vote on rules:
https://quokk.au/post/21590

Other Great Communities:

Rules

Be excellent to each other

founded 10 months ago

MODERATORS

Deceptichum@quokk.au

Quokka@quokk.au

Grainne@lemmy.dbzer0.com

PhilipTheBucket@quokk.au

295

North Korea steals $1.5bn as it pulls off world’s biggest ever heist (www.aol.com)

submitted 5 months ago by Domino to c/world@quokk.au

70 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

[–] ChairmanMeow@programming.dev 2 points 5 months ago (1 children)

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.

[–] JustTesting@lemmy.hogru.ch 1 points 5 months ago

Yes that's what I mean. But with crypto, not being able to reverse a transaction is one of the main features and makes this kind of thing immensely easier.