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North Korea Responsible for Theft of $308M USD from Bitcoin.DMM.com
- mensetmanusman 2y agoLots of people get scammed. Bitcoin scamming will only increase as it gains value.
- doright 2y ago> the Japan-based cryptocurrency company DMM I thought DMM was a much larger conglomerate of online services like gaming/shopping, that crypto is now apparently a part of since last I checked.
- favflam 2y agoThey started doing adult movies, then realized what their customer base liked to do besides multimedia consumption.
- jaronheard 2y agoThis is over 1% of North Korea's annual GDP, for scale.
- LittleTimothy 2y agoDumb question, would this be captured in NK's GDP figures? I imagine that the whole point of this sort of activity is so that they can skirt sanctions so there may well be a tonne of this activity going on that just never shows up in GDP estimates because.... well it's designed not to.
- victorbjorklund 2y agoNo, this isnt really economic activity inside NK so it wouldnt be in GDP.
- LittleTimothy 2y agoYeah I wonder if it has any interaction with the NK economy at all. Presumably it translates into weapons imports or black market luxury goods imports?
- kristianp 2y agoLook like they detected this after the fact, and the bitcoin has not been recovered.
- djyaz1200 2y agoIf the FBI is going to police crypto, we need to tax it. Otherwise, let their community figure it out.
- cnasc 2y ago> If the FBI is going to police crypto, we need to tax it. Crypto is taxed like any other income or capital gains in the US.