alt Hacker NewsHow in the freakin world could $6B disappear into a regulated banking system without leaving a trail?
I guess at some point they'll have to cash out. Seems hard to spend $6B in vape shops.
Replies
mcintyre1994 • today at 7:02 AM
From the BBC’s Lazarus Group reporting, they mostly seem to launder the money they steal through casinos in unregulated jurisdictions.
There's signs that a few state actors are using cryptocurrencies to bypass sanctions and/or move wealth otherwise frozen. North Korea, Russia, Iran, etc.
And since sanctions make it hard(er) for them to buy crypto with fiat in the large amounts they need, it makes sense for them to steal it, or buy stolen assets.