NEW: North Korea’s billion-dollar crypto heists have spawned a new class of memes on crypto Twitter. realDannyNelson reports
the money helps fund North Korea’s nuclear weapons program. But in crypto, too, Kim’s shadow looms larger than ever: His hackers’ sloppy laundering of the Ronin hack through mixing service Tornado Cash led to the U.S. government’s first-everNorth Korea’s crypto heists stretch back to at least 2017. But it wasn’t until late 2020 that memesters started memorializing them, said DeGen Ping, a pseudonymous market commentator who riffs on Crypto Twitter.
“Then it revived with the Axie hack earlier this year,” Ping said in a Twitter message, referring to Axie Infinity. Now it’s full steam ahead: “People are waking up to the trend.” The memesters aren’t waiting around for an official declaration of blame, Ping said. Now, every new hack and heist fosters new potential for fresh DPRK content. And there are a lot of hacks and heists from which to choose. One tongue-in-cheek“Nobody knows for sure but safe to assume [DPRK is behind it] until proven otherwise,” Ping said.
In the past seven days two episodes have sparked new DPRK memes: BNB Chain’s $500 million drain , and Solana-based DeFi exchange Mango Market’s $100 million loss .
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