State-backed North Korean hackers have stolen $1.5bn (£1.2bn) of cryptocurrency in the largest heist in history.

The hackers stole more cryptocurrency in one attack than all the funds stolen by North Korean cyber criminals in 2024, when the rogue state’s cyber attackers made off with around $1.3bn in digital coins, according to cryptocurrency analysts Chainalysis.

  • 𝙲𝚑𝚊𝚒𝚛𝚖𝚊𝚗 𝙼𝚎𝚘𝚠@programming.dev
    2·
    1 month ago

    you wouldn’t be able to do the above with a bank. They’d just make the transaction not to have happened.

    No, in almost all cases they simply create another transfer to reverse it. If another bank is involved, they typically pay a fee to that bank to do it.

    Source: I work in fintech. I’ve seen plenty of messes the banks clean up this way.

    • JustTesting@lemmy.hogru.ch
      1·
      1 month ago

      Yes that’s what I mean. But with crypto, not being able to reverse a transaction is one of the main features and makes this kind of thing immensely easier.