romelitounknown
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January 17, 2019, 12:19:23 PM
Last edit: January 18, 2019, 09:44:39 AM by romelitounknown |
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Lol I don't think hackers would put their stolen coins immediately to other exchanges like Binance. What do you think of those hackers, a child? Hackers are genius and you cannot trick them.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Warkop
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Seabet.io | Crypto-Casino
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January 17, 2019, 12:20:45 PM |
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Nice maneuver made by Binance and good to see that they were able to track the fund that came from cryptopia. Anyone has an idea on how much that 'some' funds was? So I guess another angle has surface, perhaps it was a inside job or something. Let's see how it pans out.
Or he was just too careless and confident that the funds he stole will never be tracked by Binance. But good to see that Binance do act with such hackings once it penetrated to their exchange addresses. Maybe I think that way, the thief is too stupid and doesn't know that the Binance system exchange is very good for that. Yes, hopefully the Binance system will continue like this so that users who trade at Binance will be very safe from thieves. |
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Pursuer
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Where is my ring of blades...
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January 17, 2019, 12:23:45 PM |
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This is why "crypto is a money laundering machine!" narrative is not true. Binance has been freeze funds sent by Cryptopia hackers, it is very easy to tag suspicious transaction on the public blockchain network.
to launder money you don't use a currency, you use a business that you can put your money in and mix it with clean money that is coming from the revenue of that real business and get the bigger outcome of the mixed money out and also pay the taxes on it to thro off the investigators and have clean money. using cryptocurrency does none of that and that is why it is a foolish thing to call it "money laundering machine". |
Only Bitcoin
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esetop01tryba
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https://www.empirehotels.io
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January 17, 2019, 12:56:20 PM |
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Are you sure Binance take freezes their asset, my opinion is not true because Binance is the greatest exchange market and impossible could make freezes balance, we have trust Binance is the best market and have higher secure of quality.
We are not talking about what Binance stole the coins. Have in mind that fraudsters transferred the money to the exchange Binance and, in turn, Binance frozen account. I think that the exchange developers have done, they could save the coins people who were deceived. |
EMPIREHOTELS (EMPC) (https://www.empirehotels.io/) The Future of Hospitality |
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kramchers
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January 17, 2019, 02:53:58 PM |
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This is a big clap for the Binance team and owner as they prevent the victory for the hacker of cryptopia.
This will make the users of the said exchange in good situation now and hope everything will be back on their respective owner.
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maianh09
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January 17, 2019, 03:16:11 PM |
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Cryptopia hacker moves stolen crypto to Binance; Community alerts Changpeng Zhao (Binance CEO) and Funds Are Frozen. "Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high risk maneuver for them." — CZ Binance (@cz_binance) January 16, 2019  I realized that stealing Crypto from the exchanges was becoming more and more difficult when the floors were all linked, based on the hash of the transactions, they could freeze them not to put on the exchange floor. , it is like a restriction. Also what's going on like a particular scenario is about to happen. |
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mlsbd
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January 17, 2019, 03:16:30 PM |
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crzy
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January 17, 2019, 03:17:44 PM |
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Lol I don't think hackers would put their stolen coins immediately to other exchanges like Binance. What do you think of those hackers, a child? Hackers were genius and you cannot trick them.
Yeah, but at least Binance is making some action onto this incident and its good since exchanges are doing well in terms of helping other exchanges to solve problem like this. Of course not all coins are being transferred to binance, this is just a simple way to get the money back to cryptopia. Hackers will suffer soon, because in real life this is a sin. |
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mlsbd
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January 17, 2019, 03:21:47 PM |
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Lol I don't think hackers would put their stolen coins immediately to other exchanges like Binance. What do you think of those hackers, a child? Hackers were genius and you cannot trick them.
I think it's actually happened because binance is the highest trustworthy exchange. Yeah hacker is very clever man, he never do childish activities? Without transferred in other exchange how convert this token like BTC or ETH. |
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winstonchurchillwar
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January 17, 2019, 03:40:11 PM |
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I think that hackers are not upset that the developers of the exchange will find their account on the exchange. Let's hope people get their money back.
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deisik
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English ⬄ Russian Translation Services
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January 17, 2019, 04:14:33 PM |
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that is a very strange move by the hacker! there are already many ways to exchange coins with each other and there is also mixing techniques that could be used to make it harder and even impossible to trace the coins! i am wondering why someone who were able to "hack an exchange" doesn't already know this!
was it an inside job by a dumb employee who got access to the keys?!
Exactly, why would a supposed to be intelligent and smart hacker/s will simply move the tainted coins to a exchange, not just any exchange for that matter, but the top exchange we have right now. LOL. It doesn't really makes any sense. Even a casual crypto enthusiast knows how to used mixing services or tumbler to obscure the finger prints. So I guess another angle has surface, perhaps it was a inside job or something. Let's see how it pans out And if it was an inside job, what difference does it make then? If someone was wise enough to pull it off, the same question should be asked, i.e. why move funds to an exchange which is known to freeze allegedly stolen funds in the past? As a conspiracy theory, let's assume that it is an event or act in some bigger play, which may not have to do anything with stealing coins. So it could be someone going after Cryptopia but without the intention of actually stealing money from it (i.e. without hurting their clients in a big way) What d'ya think? |
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romelitounknown
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January 17, 2019, 05:16:12 PM |
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Lol I don't think hackers would put their stolen coins immediately to other exchanges like Binance. What do you think of those hackers, a child? Hackers were genius and you cannot trick them.
I think it's actually happened because binance is the highest trustworthy exchange. Yeah hacker is very clever man, he never do childish activities? Without transferred in other exchange how convert this token like BTC or ETH. If i were the hackers i would store my stolen coins immediately on my hard wallet like ledger nano. I would wait the situation to cool down before i gradually transfer my coins spreading to 4 or 6 exchanges. If you rob a bank would you immediately deposit the stolen money into other bank? |
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tenakha
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January 17, 2019, 05:47:34 PM |
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I do not understand why they act like that. How is it possible that protected exchange hackers sent stolen money to the central exchange as an illogically. IMO there is an incomplete gap.
On the other hand, if you pay attention, exchanges can manage account as they wish. I am not on the side of hackers but this is proof that these exchanges can take away our freedom.
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thesmallgod
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January 17, 2019, 06:02:04 PM |
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it looks like Binance is using this chance to advertise their own exchange as much as they can! so far they have been so active after this hack and have been all over the news with their "warnings" about not leaving your coins on exchanges and now this one talking about how they froze coins there were deposited. i am more curious about what they are going to do with those coins. are they going to send it back to cryptopia or will they keep it for themselves?  I dont think binance we do this for publicity stunt. Binance has made their name for a long time and I do not believe they are lying. |
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squatter
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STOP SNITCHIN'
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January 17, 2019, 11:24:23 PM |
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that is a very strange move by the hacker! there are already many ways to exchange coins with each other and there is also mixing techniques that could be used to make it harder and even impossible to trace the coins! I read that most of the assets were ERC-20 tokens -- probably very hard to mix due to lack of market liquidity. I imagine the hacker was hoping to quickly wash the coins, withdrawing fresh coins from Binance that they could easily sell elsewhere. With everyone bound to be watching Cryptopia's wallets sooner than later, I'm sure they wanted to wash them quickly. |
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pityunbent
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January 17, 2019, 11:25:46 PM |
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Imagine being so smart and hacking bitcoins from the exchange but then being so dumb and sending those in large amounts in the biggest exchange in the market  |
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SCheek
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January 17, 2019, 11:31:58 PM |
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For an exchange, binance is proving to be a very secure option for security.
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HiDevin
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so.. hru?
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January 17, 2019, 11:41:49 PM |
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What was the reason for hacking Cryptopia just to deposit it into another exchange? Is the hacker a retard?
Maybe the hack against Cryptopia is fake and the owners were just trying to send the coins to Binance to rake in their profits and shutdown the site.
But I doubt it considering that Cryptopia although slow with customer reports has been around for years.
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allthebitandbobs
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January 18, 2019, 12:32:05 AM |
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Lol I don't think hackers would put their stolen coins immediately to other exchanges like Binance. What do you think of those hackers, a child? Hackers were genius and you cannot trick them.
I think it's actually happened because binance is the highest trustworthy exchange. Yeah hacker is very clever man, he never do childish activities? Without transferred in other exchange how convert this token like BTC or ETH. If i were the hackers i would store my stolen coins immediately on my hard wallet like ledger nano. I would wait the situation to cool down before i gradually transfer my coins spreading to 4 or 6 exchanges. If you rob a bank would you immediately deposit the stolen money into other bank? nan you had to be more clever than that. the addresses would be watched like a hacked no matter how long you waited.T he only way to do it is keep mixing it with clean etherum sending it from etherum wallet to etehrum wallet with clean funds getting mixed through the whole time.Th en afterward use something like shapeshift to monero . Move the monero around the few times then back to bitcoin then cash out  |
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bL4nkcode
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Limited in number. Limitless in potential.
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January 18, 2019, 01:11:52 AM |
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Are you sure Binance take freezes their asset, my opinion is not true because Binance is the greatest exchange market and impossible could make freezes balance, we have trust Binance is the best market and have higher secure of quality.
That's why you didn't get a single merit because of your trust on binance  But good to see that Binance do act with such hackings once it penetrated to their exchange addresses.
Base on some of his tweets, some people on social media did report the transfer to binance and to CZ that's why they act immediately. i am more curious about what they are going to do with those coins. are they going to send it back to cryptopia or will they keep it for themselves? High chance they will give it back to the rightful owners, no reason to keep it as theirs. For an exchange, binance is proving to be a very secure option for security.
They might be the most secured exchange today but it doesn't mean that the site can't be hacked. |
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