What if you received Bitcoin from this wallet

[ethereumhunter]

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

I think giving back the bitcoin to the sender will be a good choice as our identity has revealed to the public and we don't want to get something bad happens to us. But to be honest, if I am in that situations, I will confuse to decide, maybe I need to wait for a moment and share my story to some of my friends because I have one or more friends who might know how to solve this and I think they can give the good solution.

[fiulpro]

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

If a hacker hacked 1000 BTC , he won't use to to frame other people , he will actually use it to get money , liquidate it before it's tracked.
He can might as well take those bitcoins and do anything with them , and it's not 1-2 BTC their value is way beyond the amount he could possibly afford to loose.
Even if someone is paying him something to actually do that then I assure you the reward won't be more than this.

But whatever you said is right , KYC and also using one address is actually bad for your name.

Download wallet like samourai and get going, simple.

[adaseb]

Most hacked coins usually are never moved. Last I checked the ETH DAO hack address he managed to send a small amount to Shapeshift before they started to blacklist his deposits and its been sitting there since 2016 pretty much.

Same with the other hacks. They tried to move small amounts and got nowhere pretty much. As soon as the coins are moved, people get alerted and alarms start to go off.

Like a few months back, some coin or exchange got hacked, people kept monitoring it and it got transfered to Binanace and people alerted the CEO and it got halted there.

[leea-1334]

someone who steals $100 million+ is not going to send it to some random address. why would they go through the trouble of stealing the coins in first place
but hypothetically speaking you should simply send it back because it is not yours. of course first thing you need is the other party (the hacked exchange here) to prove the coins were theirs and came from their addresses.

as for KYC, you should avoid it not just because of hypotheticals but because of reality of how your documents that you submit with ICOs or altcoin exchanges are surely being sold already.

I agree here,,, unless it is a big organization or a big hacker who already has so much money. No one goes through all that trouble and then only does something random like this. After all, if they wanted, they could just steal a lot more and destroy it all if they truly wanted to disrupt the service. It would never happen!

[buwaytress]

someone who steals $100 million+ is not going to send it to some random address. why would they go through the trouble of stealing the coins in first place
but hypothetically speaking you should simply send it back because it is not yours. of course first thing you need is the other party (the hacked exchange here) to prove the coins were theirs and came from their addresses.

as for KYC, you should avoid it not just because of hypotheticals but because of reality of how your documents that you submit with ICOs or altcoin exchanges are surely being sold already.

I agree here,,, unless it is a big organization or a big hacker who already has so much money. No one goes through all that trouble and then only does something random like this. After all, if they wanted, they could just steal a lot more and destroy it all if they truly wanted to disrupt the service. It would never happen!

I'd say hypothetically, $100 million is rather easy to sell without KYC. There are at least two ways I can think of.

The first is really easy, just sell my BTC at ATMs. Go to a place in western Europe with many (I would say Netherlands for example). General Bytes ATMs, which are the most common there, allow you to sell EUR 10,000 per day WITHOUT KYC. Sure, you lose a 10% cut but with the convenience, cash (!) and almost no way to trace it to you. 10k means I could visit 10 ATMs and be done with it in a day.

Second way is just a decentralised P2P marketplace like BISQ. No KYC, but I'm not sure you could find a lot of people fast, and all their buys to your bank account would probably raise a few flags.

[Onuohakk]

I will totally reject a surprise amount of bitcoin from a source I dont know about because I can't expose myself with threats around. There's something more to this life than money. I don't want to be rich and popular without rest of mind.

[gentlemand]

Most hacked coins usually are never moved. Last I checked the ETH DAO hack address he managed to send a small amount to Shapeshift before they started to blacklist his deposits and its been sitting there since 2016 pretty much.

Same with the other hacks. They tried to move small amounts and got nowhere pretty much. As soon as the coins are moved, people get alerted and alarms start to go off.

The biggest hack of all was XEM from Coincheck worth over $500 million at the time. It looks like the hacker got away with it and sold the coins.

He set up a 'discount' shopfront on a .onion domain and kept running coins through new wallets so the trackers couldn't keep up with him. Also quite a few exchanges didn't give the slightest fuck even when presented with the evidence.

[finaleshot2016]

Then give it back to the same address that gives to you, simple solution. It means that you really don't own that BTC and make sure that you're not capable of hacking an exchange.

Well, in the exchange platform's situation, it's their fault to have a low quality of security. They should be aware on the start that the platform was functioning online, so hacking is very common.

[Lucius]

~snip~

There is no point in hold that Bitcoins if it is publicly known who is behind the address, so best move is to return that coins to exchange and maybe they will reward you because you honestly returned something that was stolen.

Personally, I wouldn't mind keeping some coins that some rich user is send by mistake to my address, but hacked coins from exchange is something else entirely, because they belong to many small users.

Not using KYC is very difficult nowadays, but changing BTC address is very easy to do. But on this forum we do not have KYC, so signed message does not constitute a breach of our privacy. But we are not completely anonymous on this forum if we not use TOR or VPN, and in case we do something bad and using our real IP, admins can give such data if they receive a request from the relevant services.

[Harlot]

I'm more worried about the legal shit you will go through if the authorities were able to track down the Bitcoin to your address. You might not be involved in the crime but they will always see it as an incriminating evidence, that's how it usually works. And if you think it's a good idea to keep the Bitcoins you randomly receive then think again, it's not yours and the one who send it to you knows your address the last thing you want is to incriminate you more on what you are doing or be in some kind of entrapment operation by a police doing dirty work for the government.

[babysweetTiger0401]

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

Well, in that case obviously if this happens to me I am surely rich, that is worth 5.7 billions here in my country fiat currency.
And would be hard and difficult for the government to find me because the address I have on my kyc is not permanent. But the problem is
probably, if I try to renew new my documents due to it will expires they will surely monitoring the due date of my identity on my personal
documents.

[7788bitcoin]

Then one day you woke up and found out you received 10000 Bitcoin
from a wallet coming from one hacker's wallet who just hacked one big exchange..
And so many people know who you are where you are located and your status in life
because you are using only one address...

If that happens it is a case of morality, rarely does these things happen and if you are certain that the coins came from someone who stole an exchange all you have to do is to report to the authorities and contact that exchange and i am sure you will be safe and they will inform what to do with the coins and when to return them and you might even get a reward for your honesty .

[muslol67]

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

You can use mixer apps easily and your BTC's will be untraceable. So it doesn't matter where Bitcoin comes from. It's not that hard to make it untraceable.

[xvids]

since they know where you are and can track the transaction to you. all you can do is give it back and provide proof that you don't have the capability
to hack a major exchange site. also they can't prove that you are the one who hacked the exchange site. you can just give the o'l "Didn't do it" if they
ever decided to involve the police. also the court will just drop the case because the opponent lacks evidence to pin you that you are the one who hacked
the site.

Yes if that ever happens then the best thing that you could do is return the money from the exchange to clear your name.
Besides who would risk their life for a short fun and excitement surely when something like that happens there would be some people who would gain interest on you and it would put your life at stake.

[maxreish]

If you received that 10,000 bitcoin accidentally, then send it to different wallet addresses to untrace the path, or yeah like the user above me suggested, a bitcoin mixer will be helpful in case of like this. But in reality, since if ever you knew that the 10,000 btc was from the hacker. Aren't you feel nervous, fear, guilty?

A reality scenario i have encountered last month, I have known someone in some site who received 0.4 btc and he never withdraw it since he has felt that it came from a hacker. And it's true, the admin said it was from a hacker and they get back the 0.4 btc that was sent to his account. (It was a gambling site) at least, he felt unguilty about it.

[nightxglow]

That might be really scary and exciting in the same time. Because well, it's such a big amount of money, and if i were tempted, then i might be quickly exchange them all to cash and be rich lol.
But then my private information is known already, so i won't bother to risk my life, and i will feel bad for those whose bitcoin got stolen so i prefer to give those btc back really soon. I think if i kept it in my wallet then the hackers will try to hack into my wallet and get their btc and i don't want my wallet to be hacked.
Anyway the suggestion to use more than one wallet is fine but i don't really feel like needing it but maybe i will reconsider it for safety reasons.

[coin-investor]

You'll be unaware that you're now suddenly popular in the internet one day if you didn't manage to give a remedy to the situation you're currently in. It would still be manageable if the funds were from a certain exchange that you would usually read in the news daily. You can just have connection or contact to that exchange and show proof that you're clean from this hack and the hacker thankfully sent it to the wrong address.

Since I was the one that started this thread, I am thinking of the right defense for this, you will still be a suspect and they will think you are just trying to escape prosecution, so you have to prove your innocence in court, it's like this you are caught with a guy that just died from a stab and you happen to own the knife, of course, you are innocent, but the killer use your knife to stab the victim, so you are still a suspect.

[adaseb]

That might be really scary and exciting in the same time. Because well, it's such a big amount of money, and if i were tempted, then i might be quickly exchange them all to cash and be rich lol.
But then my private information is known already, so i won't bother to risk my life, and i will feel bad for those whose bitcoin got stolen so i prefer to give those btc back really soon. I think if i kept it in my wallet then the hackers will try to hack into my wallet and get their btc and i don't want my wallet to be hacked.
Anyway the suggestion to use more than one wallet is fine but i don't really feel like needing it but maybe i will reconsider it for safety reasons.

Really don't understand what you are trying to say. Why would a hacker send you some Bitcoins and then that hacker would hack your bitcoin wallet on your computer to steal them back to himself. Why even send you the stolen coins in the first place.

And exchanging them to cash and being rich is not that easy since those coins are tained and you can't just send them to your Coinbase account and wonder why they cancelled your withdraw to your bank account.

[robelneo]

That might be really scary and exciting in the same time. Because well, it's such a big amount of money, and if i were tempted, then i might be quickly exchange them all to cash and be rich lol.
But then my private information is known already, so i won't bother to risk my life, and i will feel bad for those whose bitcoin got stolen so i prefer to give those btc back really soon. I think if i kept it in my wallet then the hackers will try to hack into my wallet and get their btc and i don't want my wallet to be hacked.
Anyway the suggestion to use more than one wallet is fine but i don't really feel like needing it but maybe i will reconsider it for safety reasons.

Even if you are tempted the risk is too high to retain that tainted Bitcoin, this very risky you must establish that you are not part of  the team that hack the exchange and also establish that hacker just want to deceive authorities, but if you do not have a bad reputation or bad cases of hacking, they will eventually find you innocent.

[ralle14]

I will totally reject a surprise amount of bitcoin from a source I dont know about because I can't expose myself with threats around. There's something more to this life than money. I don't want to be rich and popular without rest of mind.

You can't reject any Bitcoins that's sent to your address but you can return them to the sender or to the exchange. If I suddenly receive an amount that huge i'd talk to the owner of the exchange that got hacked and give them back.

Then give it back to the same address that gives to you, simple solution. It means that you really don't own that BTC and make sure that you're not capable of hacking an exchange.

You meant to say the exchange right ? because sending the amount back would mean you'll give it to the hacker since it came from his wallet and not the exchange.