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Author Topic: [BITSTAMP] Hot wallet problems, stop making bitcoin deposits IMMEDIATELY  (Read 4620 times)
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January 08, 2015, 12:49:45 PM
 #61


Stashes of stolen funds are being moved to various addresses, tracking them will become harder.


someone will cash out the funds and he will be VERY rich Smiley)

what is somehow funny is that other exchanger will fulfill the transaction.

Stolen funds are processed without any problem. This is money laundering which is possible through Bitcoin.

When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved. Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.

it cannot happen a such thing with a real bank account even the funds are stolen somehow, you can surely recover them in a very short time.

They will need to use very smart techniques to cash out the funds but nothing too hard. If they are Bitstamp employees, they will be observed.

really?  how? Smiley

they will exchange the funds to Altcoin or any other e-currency and done. they can start a new life on a tropical insland and 2-3 cheeky girls Smiley)

They need to mix the bitcoins before they send it to an alt exchange and changing 19 000 BTC in altcoins won't be done overnight, will it? I agree they will succeed to cash out or hide all 19 000 BTC.
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