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This figure of 11.87 billion was **estimated by on-chain analysts themselves**; it’s not an officially verified figure. North Korea doesn’t publish its GDP, either, so that GDP figure is also an estimate by the Bank of Korea. Since both figures are estimates, the 45% ratio should only be treated as a reference—not as an exact, definitive number. The news report also mentioned that some of the money is lost during laundering, so stealing a certain amount doesn’t mean hackers can reliably pocket all of it. Stealing crypto is easy; laundering large amounts of it and converting it into usable fiat currency is much harder. Market sell-offs, being traced, and losses in transactions can all eat into a substantial portion of the money.
This figure of 11.87 billion was **estimated by on-chain analysts themselves**; it’s not an officially verified figure. North Korea doesn’t publish its GDP, either, so that GDP figure is also an estimate by the Bank of Korea. Since both figures are estimates, the 45% ratio should only be treated as a reference—not as an exact, definitive number. The news report also mentioned that some of the money is lost during laundering, so stealing a certain amount doesn’t mean hackers can reliably pocket all of it. Stealing crypto is easy; laundering large amounts of it and converting it into usable fiat currency is much harder. Market sell-offs, being traced, and losses in transactions can all eat into a substantial portion of the money.
