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Bitcoin burglar bags a million bucks
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Topic: Bitcoin burglar bags a million bucks (Read 1134 times)
ymoss
(OP)
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Bitcoin burglar bags a million bucks
November 08, 2013, 05:51:40 AM
#1
http://www.theregister.co.uk/2013/11/08/bitcoin_burglar_bags_a_million_bucks/
An Australia developer who goes by the name of “Trade Fortress” alleges a million dollars worth of Bitcoin has been stolen from his virtual wallet.
Trade Fortress made the allegation to ABC Radio, which reports he's “ over 18 but not much over” and doesn't know where about 4100 bitcoin. With Bitcoin exchanges currently offering $US290 or more per coin, that's $US1,189,000 ($AUD1.25m or £738,000).
Steveia
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Re: Bitcoin burglar bags a million bucks
November 10, 2013, 12:53:10 AM
#2
Quote from: ymoss on November 08, 2013, 05:51:40 AM
http://www.theregister.co.uk/2013/11/08/bitcoin_burglar_bags_a_million_bucks/
An Australia developer who goes by the name of “Trade Fortress” alleges a million dollars worth of Bitcoin has been stolen from his virtual wallet.
Trade Fortress made the allegation to ABC Radio, which reports he's “ over 18 but not much over” and doesn't know where about 4100 bitcoin. With Bitcoin exchanges currently offering $US290 or more per coin, that's $US1,189,000 ($AUD1.25m or £738,000).
Trade Fortress denies any involvement, though many suspect inside job. He has offered to pay for some of the damage with his own bitcoins.
p2pbucks
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Evolution is the only way to survive
Re: Bitcoin burglar bags a million bucks
November 10, 2013, 08:17:33 AM
#3
What a sad story , he should learn more about btc before buying tons of them
elux
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Re: Bitcoin burglar bags a million bucks
November 10, 2013, 01:45:37 PM
#4
Quote from: p2pbucks on November 10, 2013, 08:17:33 AM
What a sad story , he should learn more about btc before buying tons of them
He didn't
lose
anything. Tradefortress hosted a one-man
MyBitcoin
style wallet service. Under cover of anonymity.
He copied
Bitcoinica's
"ye olde email account hack" into Linode control panel password reset story for "plausible" (HA!) deniability.
He then stole the money.
TheButterZone
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RIP Mommy
Re: Bitcoin burglar bags a million bucks
November 11, 2013, 12:28:28 AM
#5
It would be hilarious and teach people a lesson to never keep
BTC
at private keys out of their exclusive control, if TF claimed it was stolen, then returned everyone's
BTC
out of his "personal stash" (mixing the "stolen"
BTC
back in) after an arduous verification process (like Instawallet did), then "quit" bitcoin, perhaps with a fake suicide to make people feel guilt about being so incredibly stupid to entrust another party with their
BTC
to be stolen (as no amount of alleged security is EVER enough).
Quote from: SaltySpitoon on February 21, 2018, 12:07:45 AM
Saying that you don't trust someone because of their behavior is completely valid.
justusranvier
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Re: Bitcoin burglar bags a million bucks
November 11, 2013, 12:33:17 AM
#6
Is TradeFortress one of the trustees holding forum donation money?
TheButterZone
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RIP Mommy
Re: Bitcoin burglar bags a million bucks
November 11, 2013, 12:36:28 AM
#7
Quote from: justusranvier on November 11, 2013, 12:33:17 AM
Is TradeFortress one of the trustees holding forum donation money?
Not under that name:
https://bitcointalk.org/index.php?topic=141503.msg1642658#msg1642658
TF didn't get a public response to
https://bitcointalk.org/index.php?topic=141503.msg2603014#msg2603014
Quote from: SaltySpitoon on February 21, 2018, 12:07:45 AM
Saying that you don't trust someone because of their behavior is completely valid.
BitChick
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Re: Bitcoin burglar bags a million bucks
November 11, 2013, 01:53:41 AM
#8
Question here. Can the coins stolen be report as stolen in the block chain and blocked from being spent somehow? I thought that there was a way to do that so it would at least prevent thefts of BTC in the future.
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
TheButterZone
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RIP Mommy
Re: Bitcoin burglar bags a million bucks
November 11, 2013, 02:23:46 AM
#9
No. You can use blockchain.info to
embed a public note
(only visible on blockchain.info until an API lets the notes be seen elsewhere) by sending a small BTC amount to the thief's address, like we see on the supposed FBI Silk Road Seized BTC address:
https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX
Quote from: SaltySpitoon on February 21, 2018, 12:07:45 AM
Saying that you don't trust someone because of their behavior is completely valid.
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