North Korea Responsible for Theft of $308M USD from Bitcoin.DMM.com

fbi.gov

35 points·gkanai··10 comments

> 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.

They started doing adult movies, then realized what their customer base liked to do besides multimedia consumption.

Look like they detected this after the fact, and the bitcoin has not been recovered.

This is over 1% of North Korea's annual GDP, for scale.

Dumb 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.

No, this isnt really economic activity inside NK so it wouldnt be in GDP.

Yeah 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?

If the FBI is going to police crypto, we need to tax it. Otherwise, let their community figure it out.

> 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.

Lots of people get scammed. Bitcoin scamming will only increase as it gains value.

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