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I don't think this one was North Korea. And yes, most aren't. North Korean cryptocurrency hacks are a bit distinctive. Rather than finding logical bugs in cont
by danielvf 4y ago
I don't think this one was North Korea. And yes, most aren't.
North Korean cryptocurrency hacks are a bit distinctive. Rather than finding logical bugs in contracts, they tend to use traditional spearphishing / social eng to get targeted people to run malware which they try to pivot to stealing keys / access credentials. Then after a hack, most crypto hackers try to obfuscate and store their stole coins on chain somewhere. North Korea already has a large and practiced money laundering network, so after a hack the money immediately starts going to hundreds of different places in the real world, perhaps to mules or to faked accounts in Southeast Asia.