Exchange Hacked - Thief Caught?

[7788bitcoin]

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

I have seen a lot of exchange hacks in my stay here and i am sure some of them were caught and brought to justice, but majority of the huge hacks were done by professionals or inside job you can call as they were able to steal those big amounts and got away with it, i know everything can be traced but i am not sure how they got away with those hacks.

[b3llsf1l3s]

Once the exchange is hijacked (without passing through an official account / someone else's account) then it will be very difficult to trace, so we cannot trace the theft only by proof of transaction hash

[Pamadar]

There's some reports about arrested hackers but there's still someone who's very lucky to runaway with the hack money and still be able to keep doing it again and again., scammers and hackers are being part of this market as they also planned well whatever they wanted to do around.

[traderethereum]

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

I think they can be identified and arrested, but it needs a big effort from the law itself and the people inside the institutions because they need to scanning from where the connection has started and they need to investigate every IP connected to the exchanges.
They need to know the traffic from the website, and they need to know which wallet address which used for the transaction, what user account they used, and other things.
It's not easy as we can imagine, but if they have good skills in tracing from the evidence, I am sure that they will know who the hackers that steal the coins from the online wallet were.

[BlackFor3st]

Some cheap hackers were caught in this kind of action but plenty of professional hackers weren't caught or even identified that they are the one behind the attack.

The recent attack in BNB exchange is a work of professional hackers that most of us consider it as blackhat hackers and the BNB team weren't able to even identify the hackers behind it. Therefore it is very important that we need to be very careful in any means as there are many types of attacks and once you fall a victim of it then all your funds will instantly become zero.

[kickdapa]

Though some hackers and scammers got caught by the police but most of the cases hackers are very smart! I can't remember when i saw an Exchange hacker got caught. But I can tell you how many times hackers are went away after hacking huge amounts of money. This year we already seen some big exchange like bithumb, binance, dragonex, Cryptopia got hacked but the hackers are still unknown!

[rdbase]

Just look what has happened with the missing bitcoin from binance for example.
No body was caught yet but they do have the wallet addresses and have even followed where some of the funds went to. So it takes time for them to identify would the culprits are and then they can see if the funds are recoverable.

[DreamStage]

Well in some cases yes there are some possibilities if it has been seen and sent to court (proven guilt).
There's also the courts order to return the stolen funds to their rightfull owners and the hacker to pay some big fee even having some sentence applied.

[waynechong1995]

As addresses are anonymous it's difficult to track the deL users, thiefs caught are either have their addresses signed somehow or its transactions are traceable for instance a random bitcoin address generator that track IP. If hackers can be easily caught then this beat decentralisation pretty hard. Crypto exchange are risky businessess yet consider those stolen fund are frozen as they cannot use anywhere through legal cash out platforms

[Ibizugbe1]

This is pretty difficult to track, since the hacker can decide to keep splitting the stolen bitcoin into different wallets to make it more difficult to trace or they can as well use a bitcoin mixer or even convert the bitcoin to a privacy coin in an exchange without their KYC, but if they decided to deposit it in a place they have KYC, they will be tracked down and possibly arrested. Nevertheless, hackers are smart.

[Indamuck]

Its too easy for hackers to get away by using mixing and converting in and out of privacy coins.  Most hackers do not get caught.  Its an appealing life for some and they have no remorse for those lives that they destroy.   Just think of how many people have died over a lack of money.

[Mpamaegbu]

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

The most accurate answer is "NO" but there are exceptions and I think as Blockchain analysis tools improve, exploits in tumbler code might be found to expose many criminals. I use these services to secure my financial privacy, not to hide any crime, so I sleep like a baby every night.  

A lot of criminals make mistakes and they live high above their reported income, so when they are audited by the authorities, the wheels come off and they get caught. <How can a unemployed guy, drive a $300 000 car?>

To secure your financial privacy, how? Tax invasion?

Or simply they just use a tumbler then the problem is solved for them, not unless this tumbler website reveals such details to the authority, eg. IP address, etc. which unlikely to happen.

This has always been the argument against mixing sites by those who canvass Bitcoin as an avenue for fund laundering. One would believe they seem to have a point here.

[figmentofmyass]

Do you really think a hacker would make it easy for the authorities for them to be caught.

They know how to hack, I bet they also prepared on how to get away from it.
They will be traced yes, but it will be a difficult task for the police to catch them. They will be running in circles unless the hacker made a mistake on how the getaway will happen.

there will always be some criminals who will beat the system and escape for good.

many aren't so clever though. just last month, a 21-year old was sentenced to 10 years in prison after he stole $7.5m from dozens of people using a SIM-swapping technique. instead of laying low, this is what he did:

“After his thefts, Ortiz spent his loot lavishly – including $10,000 nights at Los Angeles clubs, hiring a helicopter to bring him and some friends to a music festival, and on Gucci luggage and clothing.”

some criminals are just born to get caught......

[dothebeats]

There had been some that were arrested but most are still freely roaming around. Even up to now, we don't get to see news that hackers are being arrested, or if one makes it to the headlines, it goes into obscurity after just a few days. You gotta admit that hackers are careful enough to not get caught. Of course they should be, else their efforts would just go to vain. But yeah, some are really dumb enough to leave traces of the money and get caught afterwards.

[padkins78]

What amazes me is that it was able to be hacked in the first place. I don’t think a single hacker could break into one of the most secure systems in the world. Don’t matter though, Bitcoin is killing!!😎https://www.thecollectivegroup.org/ico/%5D%5Bfont=poppins%5D%5Bglow=#020C59,2%5D%5Bcolor=white%5D%5Bsize=13pt

[Korkorjkk]

There are times when the hackers can be caught and punished, or even jailed for some number of years in prison. But there are times too, when the main focus is on retrieving the funds and not identifying the hacker.

[adzino]

As far as I know, the coins can be traced but it eventually gets lost (maybe because of those mixing services). Again, if they move to the coin to some exchange or other place where their identity can be linked, then they can be caught but hackers ain't that stupid. I just remember a recent incident where a hacker was caught for making a theft of around $5 million by sim swapping or something. Didn't look into much further.

[olamidey]

Still don't see a Future in tracking stolen BTC. Yes I know that the last hack on an exchange has the exchange tracking the wallets with the stolen funds and trying to make Impossible for them to sell it. This is an excercise in futility. They can simply take to a smaller exchange or Thor and sell there. Whichever way, the hacker has access to the funds at anytime and can sell as like.

[Mrsparks]

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

In my opinion I think it's only possible to trace and apprehend crypto hackers if they send the stolen funds to platforms with KYC regulations... This is an astute scenario where KYC Becomes a useful tool in mitigating fraudulent activity in the society.. Although I doubt any smart hacker will foolishly give out his real identity..

[Jating]

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

Some hackers that's been caught in the past.

Crypto Hacker Arrested for Stealing $11.3M in IOTA (MIOTA)
20-Year Old Hacker Pleads Guilty to $5 Million Cryptocurrency Theft
Turkish Police Arrest 24 Suspects Involved in Hacking Crypto Firm, Local Media Reports

But majority of those hackers are still scott-free because they really know what they doing. Probably using TOR or even a mixing services to hide their identify and that makes it hard for authorities to catch them.