#NorthKorea confirmed to be active in the #memecoin markets (#PEPE is one of the bigger/more successful #memecoins). This is something I've always assumed but never seen fully confirmed.

American congressmembers like #MarkCollins are also active memecoin traders.

What could go wrong?
https://x.com/officer_cia/status/1900587377564766661

"incredible visualization of all the regions whose economies were transformed by crypto"
https://x.com/divine_economy/status/1842191514874646844

#SafeWallet published the results of an investigation into #NorthKorea's theft of $1.4 billion worth of ethereum from #Bybit.

https://x.com/safe/status/1897663514975649938

How the Crypto Exchange Bybit Lost $1.5 Billion to North Korean Hackers - The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — ... - https://www.nytimes.com/2025/03/06/technology/bybit-crypto-hack-north-korea.html #regulationandderegulationofindustry #bankingandfinancialinstitutions #computersandtheinternet #cyberattacksandhackers #robberiesandthefts #computersecurity #virtualcurrency #bybitfintechltd #lazarusgroup #socialmedia #singapore #benzhou

#NorthKorea has finished laundering all of the $1.4 billion worth of crypto it stole from #Bybit into other tokens almost entirely through #ThorChain who made $5.5 million in fees on the laundering effort .

https://x.com/benbybit/status/1896798476945744010

this interview w/one of the only #cybersecurity people in the crypto industry who has any idea what he's talking about goes through all the incredible failures at every level of both #Bybit & #SafeWallet (whose main product is #GnosisSafe, AKA "the most important smart contract in the industry"), from the most basic opsec to permissioning to whatever, is a fun time if you're interested in that kind of thing.

tl;dr the whole crypto industry is an absolute clown car. a clown car that stores $1.4 billion in a single account that the entire C-suite can access.

https://www.youtube.com/watch?v=W82FxAK9Acg

wherein a crypto bro straight up rejoices that #NorthKorea is driving tons of liquidity (in the form of laundering billions of dollars of stolen #Bybit customer funds) through #ThorChain's app:

> "who really cares it's good for #ThorChain"

I’m calling it now, this is a serious contender for the greatest crypto tweet of all time.
https://x.com/ThorChainz/status/1894846901419118987

p.s. remember that #ThorChain's banking app imploded just a few weeks ago and took $100 million of its customers money with it.

#Bybit released the conclusions of their investigation into how they got rekt for $1.4 billion by North Korea's #LazarusGroup. Summary:

1. (background) Bybit were dumb enough to store billions of dollars in a single wallet contract using software from a company called SafeWallet (a "Gnosis Safe")

2. A dev machine of SafeWallet (name is lol) was compromised by Lazarus and used to access SafeWallet's cloud data stores (S3)

3. malicious JavaScript was pushed to the cloud drive and eventually distributed in a release (?).

4. The malicious JavaScript code targeted specifically the Bybit contract address to change the content of the transaction during the signing / approval process.

* Bybit reports: https://docsend.com/view/s/rmdi832mpt8u93s7#
* Full Statement from SafeWallet: https://x.com/safe/status/1894768522720350673

in a normal world Bybit could probably sue SafeWallet, but I'm sure SafeWallet barely exists as an entity.

this is what it looks like when #NorthKorea launders stolen crypto (through services created or funded by Trump friendly broligarchs like #MarcAndreessen).

#LazarusGroup is hands down best in class at this. They have no serious competition. Iranian and Russian crypto launderers are rank amateurs in comparison.

#Elliptic's overview of how the steps of this process work these days is pretty good.
https://www.elliptic.co/blog/bybit-hack-largest-in-history

watching crypto bros who literally spent the last decade of their lives talking about "decentralization" and "uncensorability" make a hard 180 to "censorship by centralized entities is good, actually, because we're losing a lot of money" would be surprising if i had ever taken any of these clowns seriously.

"open source", "uncensorable", "decentralized" - it's all a farce. these guys believe whatever makes the number go up right now and nothing more.

p.s. #SamsonMow is also a #Tether bro who's probably literally on some chinese organized crime payroll.
https://x.com/Excellion/status/1894614521572106537

another day another $50 million crypto theft involving a stablecoin even i have never heard of called #0xinfini.

will it be #NorthKorea this time? (it's usually North Korea, an inside job, or a "highly profitable trading strategy")

the project devs have tweeted to assure their users that everything will be fine bc "trust me bro", but only from their personal accounts. there is no acknowledgement of the theft on the official 0xInfini X account.

somewhat hilariously the "project" tweeted a self congratulations about reaching $50 million in deposits just yesterday. 100% of that is gone now.
https://x.com/officer_cia/status/1893879231257440657

wherein a crypto bro KOL claims that #NorthKorea stealing $1.4 billion worth from #Bybit to fund their nuclear weapons program is a "bullish sign of growth for the industry".

#Bybit in the middle of a $4bn bank run after a $1.5bn hack = $5.5bn outflows on a starting stack of ~$16bn...

but the good¹ assets are fleeing faster and so now Bybit's top holdings include absolute #shitcoins like #MNT and #PEPE.

tl;dr funds are SNAFU.

¹ in crypto terms, at least

@raymondpert

I'm sure the National Bank of Georgia will have something to say.

it's always north korea

https://www.europesays.com/1864110/ North Korea’s Lazarus Group now using crypto gifts to breach security defenses #Conflicts #LazarusGroup #NorthKorea #SocialEngineering

Lazarus Group Spotted Targeting Nuclear Engineers with CookiePlus Malware

https://thehackernews.com/2024/12/lazarus-group-spotted-targeting-nuclear.html #LazarusGroup #Malware #Security #NorthKorea #Hackers

The Lazarus group has evolved its infection chain, utilizing both old and new malware in a recent attack campaign targeting employees in defense and aerospace sectors through fake job offers, showcasing their adaptive tactics. #CyberSecurity #LazarusGroup https://securelist.com/lazarus-new-malware/115059/

#TheCryptocalypseChronicles: Of Tech Bros And Trumpers

The reason so many Silicon Valley billionaires suddenly decided to back #DonaldTrump is not the mystery the media is making it out to be.

tl;dr The billionaires backing #Trump are crypto bros and they want to continue profiting from committing various kinds of crimes.

This is a "follow the money" deep dive into how some of these bros profit by investing in companies like #Uniswap that create excellent tools for #NorthKorea to launder stolen money with a passing explanation of how #Coinbase facilitates the overall system.

ΩΩ
https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers