YET ANOTHER KLEPTO-CURRENCY HACK
Joseph P. Farrell
As you might have guessed from the headline of today’s blog, I’m on a “theme” this week, and the theme is klepto-currency and the complete and total lack of any security or transparency regarding the whole swindle. And yes, I said swindle, because that’s what I have believed it to be. This is not to say that one cannot make money from bubbles and swindles. One can, otherwise, people would not keep doing them. But eventually the hype breaks, and one discovers that a tulip, while pretty, is just a tulip and not a magical key to a financial future of unbounded wealth and happiness. At least the Dutch who bought into the tulip bubble scam came away with something, in this case, a lot of pretty flowers, and not, as the latest craze, a bunch of computer blips. The tulips were pretty, but the swindle was still a swindle. At some level, the people making money off of such things have to know that they have participated in a fraud and swindle, and that their good fortune is tainted by fraud.
Part of the klepto-currency swindle – if one hearkens back to the early days when everyone on talk radio was all abuzz and agog with what a wonderful money-maker the whole digital currency idea was, and how a paradise of central-bankster-free finance was just around the corner – was that, wonder of wonders, the whole system was not only bankster-free but entirely secure and unhackable. The whole mythology began to collapse when – true to form – the first reports of hacking began to trickle through, and the whole early narrative (take note) was quickly dropped, and never repeated again. The reason? The narrative needed the klepto-currency model because “they” had plans for it. We’ll get back to that in a few moments.
With that in mind, consider this article shared by our friend and colleague Bernard Grover, from Life from the Far Side and Radio Far Side (with our thanks):
Police Arrest Indonesian Hacker in UK Crypto Heist
The story fits a by-now-fairly-typical klepto-currency hacking pattern:
Indonesian police have arrested a local hacker accused of exploiting a security flaw to siphon off millions of rupiah worth of cryptocurrency from a London-based trading firm. Investigators say the scheme targeted Finalto International Limited, the owner of global trading platform Markets.com, causing losses of around Rp 6.67 billion ($398,000).
The Cybercrime Directorate of the National Police uncovered the operation after Finalto filed a report alleging suspicious manipulation of crypto purchase transactions by certain users on its platform.
Deputy Cybercrime Director Andri Sudarmadi said investigators traced the issue to an anomaly in Markets.com’s system, where the input field for deposit amounts could be exploited. The platform automatically generated USDT balances based on whatever nominal figure the attacker entered, creating an opening for fraudulent gains.
A Chinese woman who was found with 5 billion pounds ($6.6 billion) in Bitcoin after defrauding more than 128,000 people in China in a Ponzi scheme was sentenced by a UK court on Tuesday to over 11 years in prison.
Police said the investigation into Zhimin Qian, 47, led to officers recovering devices holding 61,000 Bitcoin in the largest cryptocurrency seizure in the UK.
Qian, dubbed “cryptoqueen” by British media, was arrested in April 2024 after spending years evading the authorities and living an “extravagant” lifestyle in Europe, staying in luxury hotels across the continent and buying fine jewelry and watches, prosecutors said.(Emphasis added)
So one may add to the previous three points of the pattern of klepto-currency fraud and swindle a fourth point: (4) convert the stolen or hacked klepto-currency computer blips to hard assets as soon as possible. Jewelry. Watches. Real estate. Gold. Silver. Soy Beans. Whatever.
So why do I mention all of this crypto-currency hacking and theft yet again? Recall that in yesterday’s blog I wrote about the Pravda article documenting the connection of the late Jeffrey Epstein both to Israel, via its prime minister Ehud Barak, and the Rothschild financial interest, in a project to directly hack undersea cables. Imagine what sorts of klepto-currency hacking mischief, fraud, embezzlement, price-rigging, insider trading and so on that one could perform if one had such access…
… but again, let’s remember: digital currencies, like all cyber-systems, are inherently secure and safe because the blockchain distributed ledger makes them virtually impregnable, takes things out of the hands of the money monopoly of central banksters and international merchant banksters, and has the promise of a whole new era of financial transparency and stability….
Also: for sale: several suspension and steel arch bridges in Manhattan, Brooklyn, Staten Island, and over the Hudson River between New York City and New Jersey, plus two tunnels. Cheap. Will sell separately or as package deal. Cash up front only.
See you on the flip side…
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https://gizadeathstar.com/2025/11/yet-another-klepto-currency-hack/