North Korea’s latest hobby? Stealing crypto like it’s Monopoly money. $19.5 million in BTC/ETH vanished from a UK startup, and the culprits? A group of hackers who probably still think the internet is “the future.” 🤷♂️
The UK’s OFSI report drops the mic on this mess: “Oh yeah, we hacked Lykke in June 2024. No KYC? No problem. Let’s just bridge stolen BTC to ETH via Thorchain and pretend we’re not criminals.” 🚀
“Our go-to money laundering method? A no-KYC exchange. Because nothing says ‘trust’ like zero customer checks. Funds? Bridged. Deposits? Made. And now we’re off to Cambodia to buy a villa with your crypto.”
North Korea’s hackers are basically crypto’s version of a Sudoku puzzle: complex, confusing, and designed to make your brain hurt. They use OTC desks in China, Cambodia, and Russia to turn stolen coins into fiat. Because why not? 🤡
“DPRK hackers love a good anonymity combo: decentralized exchanges, mixers, privacy protocols, bridges, P2P services, and OTCs. It’s like a crypto laundering TikTok dance!”
“They even exploit stablecoins like USDT and DAI to trade for fiat in third jurisdictions. Because nothing says ‘ethical’ like exploiting global loopholes.”
Lykke’s fate? A court-ordered liquidation in March. The Telegraph called it a “death sentence,” but honestly, it’s the crypto equivalent of “you brought a knife to a blockchain war.” 🔪
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2025-08-20 00:43