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Hackers stole billions in crypto to keep North Korea’s regime afloat

(www.wsj.com)
125 points Bostonian | 1 comments | 03 Apr 25 13:03 UTC | HN request time: 0s | source
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Kapura ◴[03 Apr 25 14:00 UTC] No.43569809[source]▶
When i look around at all the positive innovations cryptocurrency has failed to deliver, it really does seem like they invented a currency exclusively useful for doing crimes.
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thinkingtoilet ◴[03 Apr 25 14:41 UTC] No.43570428[source]▶
I got into bitcoin around 2011ish for some time. I was never a True Believer but I was a 'soft believer'. At the time, when people asked me if Bitcoin is the future I would always say "I think it or something like it will be very useful". Fast forward 10 years and there's been no actual use of crypto. No killer app. No disrupting the finance world. It seems to be used exclusively by smart people as a means of extracting wealth from people who don't understand it.
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dylan604 ◴[03 Apr 25 15:52 UTC] No.43571494[source]▶
> It seems to be used exclusively by smart people as a means of extracting wealth from people who don't understand it.

How is that any different from other financial markets? A fool and his money are easily parted, while targeting desperate people with get rich quick schemes are also an easy play. The crypto/stocks/etc are just different tools to achieve the same result.

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1. bogwog ◴[03 Apr 25 16:01 UTC] No.43571666[source]▶
> How is that any different from other financial markets?

It's unregulated.

Although to be fair, it seems everything else is going in that direction too (https://news.bloomberglaw.com/esg/doge-targets-sec-next-for-...)