Bitcoin Forum

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

my first concern was they may try and dump them today. on smaller exchanges or trade into alts, then sell.
or they could just secure in multiple wallets and leave for years. then sell when everyone has 'forgot'

maybe a dump is on way today or they may sell on localbitcoins slowly, who knows

So does this arab/middle east cunt hacked bitstamp, and now wants to sell em?

Check this out:

https://bitcointalk.org/index.php?topic=914513.msg10052289#msg10052289

http://pastebin.com/6Gc1Zh2g

If they land in some other exchange, I don't think they will help bitstamp trace the seller.

Can the perpetrators sell them on other exchanges or that will lead to their revelation? I mean follow the bread crumbs.

it doesn't matter if they are moving, someone owns them so he will move/sell/do whatever he want with them
nothing to be excited about

They have to sell it slowly. There's no other way. No one will buy such amount with cash and if they start selling large amounts on any fiat/BTC exchange - that would immediately raise suspicion.

Even if they successfully convert to fiat, there's still a risk of a taxman asking where did you get the ~$5m from, or bank freezing your account etc.

I reckon all the process will take months if not years.

I also think that. What remains is only hope that these thugs commit some slip and commit

The coins are more than likely no longer in addresses the hacker controls (he has mixed them)

Probably he is share it to many alt address

And we can't do anything about it

So when the person spends or sells them we can bust them..

Couldn't he/she just put them through a mixer?  That's one of the shady/unfortunate things about mixers...

Sure, you could live low-key but that's not what you want when you have $5 mils. It's impossible to be unnoticed when you buy expensive car or house paying up-front.

I remember a story about some 18yo UK drug dealer who got busted shortly after buying an expensive Range-Rover.

There mightn't even be any potential tax issue in some jurisdictions, such as those without capital gains taxes, but there is certainly the issue of money laundering / use of ill-gotten gains / theft investigation.

Maybe it's a wise investor that's pissed at stamp and they're gonna HODL.

Only 5 BTC left out of 18,890. I dont think BitMixer has so much in reserve to mix this huge stash.

maybe the thief could mix some BTC with Marks BTC  ???

MK is an intelligent chap Buddy. While everyone is hiding behind curtain, he came out in open, fucked everyone, walked off with the coins. He is now an angel investor. He wont touch stolen coins anymore ;)

would not have a way to track the IPs from which transactions are being made?

He wouldn't be able to mix them all as no mixer has so big volume.

I posted on here almost a year ago that bitstamp was just a government honeypot and that it was only a matter a time before they ran off with people's coins.

Like 99% of the time - I was right.

 ;D

This is more true regarding CoinBase...

How did they ran off? They've reopened and will have to pay that back one way or another. As far as we know there are no limits on withdrawal, so users are not directly affected.

Your right-rate just dropped to 98%  ;)

You assumed he makes 100 claims like this. In fact, the fcker only make 1 similar claim in the past. This makes him.... less than 50% correct.

a broken clock would be right atleast twice a day.

Can a coinmixer confiscate those coins and return to Bitstamp? The only problem is that nobody will use that mixer any more.

I highly doubt they would dump them on an exchange -- what exchange allows fiat withdrawal without KYC? Are there any exchanges that even allow P2P transfer? Maybe BTC-E codes, haven't been on there in a while.... anyway, if it were me, I'd mix them, then slowly sell them on LBC. And keep a fat stash in cold storage too.....

The coins can't go into any large exchange because of KYC policies. Perpetrators need to use supply IDs for those exchanges, he could use a fake identity and a throw away bank account. He probably needs a hundred identities to be able to sell 18k btc undetected. He is most likely going to mix 10 to 20 btc every week until he has finished will all of them. Too time consuming to trace :(

If a coinmixer was able to steal your coins, then I would seriously consider not using it... ever!

Wouldn't help. The hacker could just hide behind TOR or VPNs.

I have noticed that it had taken the hacker a long time(about 2 days)  to send the bitcoins to his own address,  why bitstamp couldn't found it???

it's funny. funds are still deposited there:  https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

the "hacker" made another 50K. :)))

Some of the recent coins link to 1KYXrw4Ftkmomfs4iyVXUSqQeRX75Unoi8 which in turns links to another thread where it was mentioned  https://bitcointalk.org/index.php?topic=99497.msg8846318#msg8846318 (https://bitcointalk.org/index.php?topic=99497.msg8846318#msg8846318)

The trail is as follows, notice the recent 29 bitcoin tx, if you follow it back like only two-three times you will see the coins some from 1KYXrw4Ftkmomfs4iyVXUSqQeRX75Unoi8

By not doing that, a coinmixer would greatly increase his credibility. By doing that, he would run out of business.  :-\

Having said that, the hacker has to be absolutely sure that the mixer is not keeping logs. He could be very easily exposed to blackmail.

Technically they could. But as you mentioned that would be the end of their business.

I reckon BitStamp would need to offer something around $0.5-$1m reward to convince mixer to seize such coins. Anyway, it's pointless since hacker will be mixing it slowly, not all at once.

The hacker will mix them slowly and bitmixer would not give away the bitcoins because it would be against the ethic of their business.

How do you think he will mix and cash out? Would he cash out to his real name. Maybe through bitstamp!

well, whomever hacked them should have no trouble laundering them.  Most bitcoin laundry services (mine included) don't care where the coins came from

wouldnt help anyway because its a decentralized network.
For example, if you look on blockchain.info as to what IP
relayed them the transaction, that is only what blockchain
is seeing.  Other nodes might have had a different IP relay
it, and neither would be necessarily seeing the first relay.

Confused here. Where did I say anything about hacker cashing-out?
He will be cashing out but how and when is a completely different story/speculation.

I feel like this statement makes this entire thread a moot point.

I somehow doubt that anyone is going to trust you to launder their bitcoin after all the money you stole. Anyone stupid enough to use your service is asking to get scammed.

You are right though that mixing services do not check where the bitcoin came from nor does it matter because bitcoin is fungible

Sad, this is where the price drop is going, hopefully the community can ingest the coins, and prevent issues like CEX.io having to close the cloud mining ops down.

A true set back on Bitcoin even as a competitor.

virtually all cloud miniing is a scam.   it has to be by its nature.

Not true, people rent my gear on MRR.  That in essence is cloud mining. It is up to the renter to decide whether they will make money or not.

what makes you more money, renting the gear, or using it to mine?

Thats great we can watch them, but what more can be done. There has to eb a way to track them, they will have to make a mistake somewhere. I wish all the hackers could get caught and face the responsibility of theft. then they should put the coins they confiscated into a faucet that pays 1 BTC per hour to whoever fills it out. Why not give it back to the owners it was stolen from, because its time everyone who owns a business in bitcoin take it upon themselves to strengthen security, I am tired of seeing so many places being hacked, enough is enough, do your job and secure your members investments at any costs whatever it takes. The only way we will keep hackers from ruining the reputation of Bitcoins is to stop them in thier tracks if they cant hack they wont succeed. Find ways arounf thier bullshit. Its the same story all the time, DDOS this, HACK accounts that. So stop it then. Learn form mistakes of your past and the mistakes of others and fix the problem. Sorry to be blunt, but thats life.

I don't think they will make a big mistake. It is possible to catch them if some of them talk to relatives that go public about who they are or maybe by random luck if they get raid by the police and proofs are found on their computers.
Bitstamp should offer 2000 BTC for whoever help find at least 10 000 BTC of the 19 000 BTC lost.

Agree to what others say, wish the hacker(s) could get caught. They stolen hard-earned cold (cold? umm..) Bitcoin. We might be able to trace something out from the wallet.

I don't think we will be able to trace anything because they will mix the coins carefully and in "small" sums of hundreds of BTC.

Yeah, but why offer a bounty if they themselves were the ones who stole the coins....

I don't think they were but who knows who stole the coin? Probably less than 10 people.

This thread is a long list of conjecture. Let's change that to conspiracy. What if all of the major hacks in the last couple of years were clandestine government attacks to discredit Bitcoin and limit its use?

The Prism program searches the Internet for references to Bitcoin. They discover chatter about a weakness in security at a Bitcoin company holding customer funds. That information is turned over to the CIA for research. The CIA then determines if exploitation is possible, develops a plan and then presents the information to the NSA for final execution.

Before you laugh and discount the idea, remember the CIA has overthrown governments and placed puppet regimes in power. This would be like child's play for them and definitely not the most heinous thing they've ever done.

It's plausible. I didn't think about it when bitstamp talked about the hack but it's a possiblity.

Remember when you told me to tell you...  :P

LOL But I'm not attacking anyone personally.

I would think an attacker would have better chances of successfully stealing bitcoin if they were to test for security vulnerabilities themselves? Exchanges likely keep communication about their security procedures (which would potentially contain their weaknesses) to a minimum and the NSA may not be even able to access them

Prism breaks the law to spy on people. Bitstamp is either incompetent or an entity with amazing abilities stole from them. I'm giving them the benefit of the doubt.

I don't think we really know the details of the exploit that was used so I really don't think that conclusion can be made yet. It would be possible that it was an inside job which are particularly difficult to defend against. It is also possible the hack was not even real and they made it up to show how "resistant" they would be to a hack/theft

What is with the public note on this address https://blockchain.info/address/198Q2s455DKWaNtsHUDAT1fgwutjxsYqpx

It reads "I'm so a poor man and you are so rich and nasty!!!"

It was the first of the large withdrawals from the Bitstamp address  ???

That's probably the case. Does anyone still believe MtGox was hacked? It's more likely that they were all inside jobs.

I personally think gox was more of incompetence then bitstamp. The "hack" that brought down gox was not the first time it got hacked (I don't think it was even the 5th time it got hacked). I would say that the coins were probably stolen when bitcoin was trading well under a dollar so the amount was a small amount at the time and they just never bothered to reconcile the amount of bitcoin they should have had and the amount they actually had 

mtgox didn't even go public about the specifics of the hack right away and their cold wallets were compromised which is far more freightening than a hot wallet being compromised.

Do you think the "hacker" will sell the coins in a hurry now when the price crashing?

I don't see why they wouldn't. They didn't pay anything for the coins nor did they put anything of any real value into getting them. It would be in their best interest to sell the coins in a somewhat expedited fashion so they can avoid more advanced blockchain analysis to be done to determine where the coins went and what their identities are

It's reasonable to think they know very well about Bitcoin but they may want to use the coins to have some real assets in the real world so they need to sell the coins. If they get 4 millions out of the coins, they will be very happy even if they have a chance to get more if they wait for the price to increase.

In terms of getting caught, time is on their side because they can use it to mix the coins carefully.

It's probably safer to do in a high volume market also, which any significant price action, up or down tends to yield.

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

the hacked made another 1000 BTC    haha. how many stupids on this planet. they keep sending funds to that account.

that means another 200K at this time.   

Sad to see people do not read announcement.

http://archive.is/G3WsZ Don't know what this discussion is about (ok, I can read the heading )

FriendlyChemist has it as his wallet address on his profile page...

8th February 2016.

https://bitcointalk.org/index.php?action=profile;u=651947

i can argue the opposite, why he need to sell if he got all those coins for free? it's not like bitcoin is going to die tomorrow

if i were him i would hold now that there is the halving, it would be utterly stupid to sell all those coins on exchange causing a big dumping and depreciate his coins also

remember that he can not sell 20k coin at the current price, the first half alone will cause a major drop...

can you tell me that is really happen?where you get it?any news for this explanation?or you just found bitcoin address that you suspected it and share here? -_-