Busted: Britain Confiscates $700,000 in Bitcoin from Hacker

[BitHodler]

Does this case prevail or the majority of cyber-crimes are still unpunished?

The far majority of the hacks and similar acts of fraud remain unpunished, and it will stay like that for ever. It's always the smaller fishes that end up like this, which is a good thing of course, but doesn't solve much.

The big boys with their hacks involving many millions remain free and unharmed and for that reason can keep doing what they are doing unfortunately. The smartest remain free, that's the whole point.

If you somehow end up like the hacker this article is pointing at, you made a mistake and got busted because of your own incompetence. Just look at all the exchanges that got hacked, nothing has ever been solved.

Not even inside theft has been subject to discussion with how there wasn't any trail left behind.

[Fatunad]

Does this case prevail or the majority of cyber-crimes are still unpunished?

The far majority of the hacks and similar acts of fraud remain unpunished, and it will stay like that for ever. It's always the smaller fishes that end up like this, which is a good thing of course, but doesn't solve much.

The big boys with their hacks involving many millions remain free and unharmed and for that reason can keep doing what they are doing unfortunately. The smartest remain free, that's the whole point.

If you somehow end up like the hacker this article is pointing at, you made a mistake and got busted because of your own incompetence. Just look at all the exchanges that got hacked, nothing has ever been solved.

Not even inside theft has been subject to discussion with how there wasn't any trail left behind.

There were no trails left behind into those exchange hacks yet we do even believe that those are just inside jobs or intentional into its owners to get funds into a certain site. If a hacker is being caught then you would really be classified to be less competent on the things on what you are doing and being caught is a good thing so that they wont able to become big or expert hackers later on yet they do already go to jail. It would always become a mystery into those pending cases which we have been witnessed after all these years.

[gentlemand]

Does this case prevail or the majority of cyber-crimes are still unpunished?

A vast, vast majority go unpunished. It's depressing how slow law enforcement is, or more importantly, how uninterested.

In the UK you're sent here in the case of cyber crime - https://www.actionfraud.police.uk

This is basically a call centre that logs your moan, might give you a crime number so you can claim insurance if that's possible, and that's pretty much it. It's fob off rather than an attempt to deal with it.

http://www.thisismoney.co.uk/money/news/article-2287106/Fraud-victims-told-forget-police-contact-centre.html

A friend of mine was chased by a police helicopter and three cars for stealing one bag of coal from his local garage worth £10. If you lose a million quid online they won't even bother to tell a qualified pig most of the time.

It's a really strange situation and it has to change.

[imsotiredofmoviereboots]

This is the type of news that media should release. This would pose a a huge threat to every hacker around the world that even it takes years, authorities will still find a way to track them down. Good job Brits!