At this point it feels like they have made it a /dev/null for things which are not easy to resolve and one is still on the hook to provide some answers
A question: how come the North Koreans aren't draining banks in the U.S. and other countries of cash using equally sophisticated exploits against known technical and human vulnerabilities?
Probably because fiat, unlike crypto, is not decentralized and fraudulent transactions can be reversed. A North Korean hacker zeroing out an account balance and incrementing another, can be reversed.
Exactly. It turns out a lot of the things in the banking system that cryptocurrency people complain about are actually features, not bugs.
IMHO, cryptocurrency is technically interesting but for pretty much every use-case, the preexisting technologies are superior and/or cryptocurrency is practically unworkable.
I think Darknet Diaries covers a bunch of these types of heists involving banks.
I suspect they just assess vulnerabilities and exploit them when/where they can. My understanding is that these thefts are big part of their (NK) economy.
>"draining banks in the U.S. and other countries of cash"
Cash sits in vaults. North Korea would need to physically send a team of bank robbers to extract it. The digital representation of USD is not cash, it's an entry in a ledger, and banks generally have systems that would not allow adding an entry with a sudden transfer of a large amount of money to "J. U. Kim, North Korea". That's why Bitcoin is called "digital cash".
I used to write software for a financial institution and we saw a lot of traffic from Chinese and Russian IP's hitting our firewalls constantly (ssh login attempts with typical default passwords, random wordpress exploits, that sorta thing). It wasn't very sophisticated so I don't think it was state sponsored or anything, probably just random cyber criminals trying to hit US targets because their governments wouldn't care.
At this point it feels like they have made it a /dev/null for things which are not easy to resolve and one is still on the hook to provide some answers
A question: how come the North Koreans aren't draining banks in the U.S. and other countries of cash using equally sophisticated exploits against known technical and human vulnerabilities?
Probably because fiat, unlike crypto, is not decentralized and fraudulent transactions can be reversed. A North Korean hacker zeroing out an account balance and incrementing another, can be reversed.
Exactly. It turns out a lot of the things in the banking system that cryptocurrency people complain about are actually features, not bugs.
IMHO, cryptocurrency is technically interesting but for pretty much every use-case, the preexisting technologies are superior and/or cryptocurrency is practically unworkable.
They have! There was a famous incident in 2016 where NK tried to wire a billion dollars out of the NY fed and managed to get away with $100 million.
https://en.wikipedia.org/wiki/Bangladesh_Bank_robbery
They do, here's one example: https://en.wikipedia.org/wiki/Bangladesh_Bank_robbery
I think Darknet Diaries covers a bunch of these types of heists involving banks.
I suspect they just assess vulnerabilities and exploit them when/where they can. My understanding is that these thefts are big part of their (NK) economy.
>"draining banks in the U.S. and other countries of cash"
Cash sits in vaults. North Korea would need to physically send a team of bank robbers to extract it. The digital representation of USD is not cash, it's an entry in a ledger, and banks generally have systems that would not allow adding an entry with a sudden transfer of a large amount of money to "J. U. Kim, North Korea". That's why Bitcoin is called "digital cash".
They are trying!
I used to write software for a financial institution and we saw a lot of traffic from Chinese and Russian IP's hitting our firewalls constantly (ssh login attempts with typical default passwords, random wordpress exploits, that sorta thing). It wasn't very sophisticated so I don't think it was state sponsored or anything, probably just random cyber criminals trying to hit US targets because their governments wouldn't care.
[dupe] https://news.ycombinator.com/item?id=50300853
Glad binance is posting updates directly on X so we don’t have to read propaganda
[delayed]
What kind of updates are they posting on X and what is the propaganda?
The usual