This story of North Korea’s nuclear program being funded by hacking crypto reminds me of why Silicon Valley VCs infatuation with crypto annoyed me so much.

While there were techies who naively bought the hype that the blockchain and decentralized would magically solve a host of problems, VCs like a16z were never that naive.

Crypto allowed them to create a new financial system with no regulations. Insider trading? Go ahead. Money laundering? That’s just decentralization.
https://www.politico.com/news/2023/12/21/north-korea-missiles-program-hackers-00132871