Bitcoin Forum
June 16, 2024, 04:51:38 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Crypto theft  (Read 193 times)
Stanlo (OP)
Full Member
***
Offline Offline

Activity: 952
Merit: 110


View Profile
March 21, 2020, 06:37:37 AM
 #1

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.
Novatech8
Member
**
Offline Offline

Activity: 700
Merit: 27

Sovryn - Brings DeFi to Bitcoin


View Profile
March 21, 2020, 07:03:06 AM
 #2

These criminals are wise now, this woman was caught simply because she is living in same country, if she manages to leave India for another foreign country she will never be caught, it's same story for ICO scammers too

Bububoyeer
Jr. Member
*
Offline Offline

Activity: 43
Merit: 1


View Profile
March 21, 2020, 07:10:23 AM
 #3

This is the first time I hear a bitcoin thief is caught, an exchange theft for that matter. I suppose the lady didn't master the act very well before embarking on it. This is very commendable and at least will put fear in other thieves that would want to do such.
minairia3
Sr. Member
****
Offline Offline

Activity: 1498
Merit: 326


Leading Crypto Sports Betting & Casino Platform


View Profile
March 21, 2020, 07:19:27 AM
 #4

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.
This is probably due to the situation. This is an inside job where the other member of the company busted her, for the thieving. Also she is part of the team or the firm so its quite easy to track every possible asset that has gone on their vault. While other theft uses some strategy such as phishing site, using fake names, uses too many address and jumping from one  ship to ship and many more. Scammers are hard to caught especially the transaction on crypto has anonymity and they usually uses dual identity which is hard to inevstigate and also if some exchange would divuldge info but this is also illegal to ask for unless they have enough proof and evidence pertaining to scam.
meanwords
Full Member
***
Offline Offline

Activity: 1624
Merit: 163


View Profile
March 21, 2020, 07:34:53 AM
 #5

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.

Because most theft and crimes are happening outside an exchange. The thing here is that, she left so many traces of her for the police to track. She didn't even hide the necessary wallets to cover her thievery. She also made suspicious moves that made the police suspect her more by quitting even though she was the co-founder before stealing the Bitcoin. In short, she is stupid although she is an "expert" in this space.

If anyone wondering where the news at is, here's a link.
Baby Dragon
Sr. Member
****
Offline Offline

Activity: 896
Merit: 272


OWNR - Store all crypto in one app.


View Profile
March 21, 2020, 09:03:41 AM
 #6

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.
This is probably due to the situation. This is an inside job where the other member of the company busted her, for the thieving. Also she is part of the team or the firm so its quite easy to track every possible asset that has gone on their vault. While other theft uses some strategy such as phishing site, using fake names, uses too many address and jumping from one  ship to ship and many more. Scammers are hard to caught especially the transaction on crypto has anonymity and they usually uses dual identity which is hard to inevstigate and also if some exchange would divuldge info but this is also illegal to ask for unless they have enough proof and evidence pertaining to scam.
With a huge amount of money, someone will definitely bust her system and report it on the authority. Furthermore, fraudsters utilized various approaches to deceive and exploit the funds of other people. Many of them are wise enough to clear every evidence of scamming such as on every transaction that they are making. Anyway, she will surely suffer the consequences of her actions and learn the lesson from her mistakes.

BUY CRYPTO AT REASONABLE RATES
▄▄███████▄▄
▄█████▀█▀█████▄
████        ▀████
███████  ███  █████
███████      ▀█████
███████  ███  █████
████        ▄████
▀█████▄█▄█████▀
▀▀███████▀▀
▄▄███████▄▄
▄█████▀ ▀█████▄
██████▀   ▀██████
██████▀     ▀██████
█████▀       ▀█████
█████▀▀▄▄ ▄▄▀▀█████
█████▄  ▀  ▄█████
▀█████▄ ▄█████▀
▀▀███████▀▀
▄▄███████▄▄
▄█████▀▀▀█████▄
██████   ▐███████
██████▌   ▀▀███████
█████▀    ▄████████
████▄    ▀▀▀▀▀▀████
███▌         ▄███
▀█████████████▀
▀▀███████▀▀
&OTHER
COINS
Partner of             
BITFINEX
Jating
Hero Member
*****
Offline Offline

Activity: 2968
Merit: 822


View Profile
March 21, 2020, 09:17:36 AM
 #7

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.

It's because these scammers knows how to hide everything in blockchain to obfuscate or hide their track.

However, there are companies like CipherTrace - who is a crypto forensics.

But as far as your post? At least provide us the link so that we can take a look on it to better provide better discussions.

Edit: I saw @meanwords posting the links already.
royalfestus
Hero Member
*****
Offline Offline

Activity: 2436
Merit: 516


Enterapp Pre-Sale Live - bit.ly/3UrMCWI


View Profile
March 21, 2020, 09:20:23 AM
 #8

Such impressing to have the coin been recovered, maybe because no transaction was involved, probably on ground theft of an hardwallet from an outsider. I still believe most of the claim of inside job by exchange for the theft is true. It could be difficult to make some information available to every worker in an exchange institution, and any crisis in space prompt most of the worker to steal and run away while they protect the identity until they recover it.

█████████████████████
█████████████████████████
█████████▀▀▀▀▀▀▀█████████
██████▀███████████▀██████
█████▀███▄▄▄▄▄▄▄███▀█████
████████▀▀▀▀▀▀▀▀▀████████
█████████████████████████
█████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█████
█████████████████████████
██████▄███████████▄██████
█████████▄▄▄▄▄▄▄█████████
█████████████████████████
█████████████████████
 
    CRYPTO WEBNEOBANK    
▄▄███████▄▄
▄███████████████▄
▄██████░░░░░░░░░░███▄
▄████▄▄███████▄▄░░░██▄
▄█████████████████░░░██▄
████░░▄▄▄▄▄▄▄▄▄░░░░░░░░██
████░░██████████░░░░░░░██
████░░▀▀▀▀▀▀▀▀▀░░░░░░░░██
▀█████████████████░░░██▀
▀████▀▀███████▀▀░░░██▀
▀██████░░░░░░░░░░███▀
▀███████████████▀
▀▀███████▀▀
reallester
Full Member
***
Offline Offline

Activity: 646
Merit: 102


http://Moonbet.io


View Profile
March 21, 2020, 09:43:46 AM
 #9

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.

Wao...that's nice. All crypto scammers and fraudsters can never be caught this easily. That she was caught easily doesn't mean other would. Moreover, scammers will not always go scout free. Someday they will get caught.

DDante
Member
**
Offline Offline

Activity: 434
Merit: 19


View Profile
March 21, 2020, 10:51:56 AM
 #10

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.

Wao...that's nice. All crypto scammers and fraudsters can never be caught this easily. That she was caught easily doesn't mean other would. Moreover, scammers will not always go scout free. Someday they will get caught.
I don't belief they will all get caught, since 2017 many ICO projects scammed thousands of investors and very few are caught but many scammers are at large, some blame the exit on lack of funds and they never return funds back to investors
Almasani
Full Member
***
Offline Offline

Activity: 854
Merit: 102


View Profile WWW
March 21, 2020, 11:39:19 AM
 #11

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.

Actually, if the theft is done by individuals, it will be easy to find, as happened to the CO founder of Bit Cipher Labs. But what is hard to find, and overcome when done by groups. And a lot of fraud is happening now committed by groups. So, did not find a solution.
masterrex
Full Member
***
Offline Offline

Activity: 1820
Merit: 107



View Profile
March 21, 2020, 11:55:24 AM
 #12

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.
I think its because of different reasons, most of the time scammers or the crypto thieves are not coming from a single country so it's very hard to tract them especially if they are not using their true identity, it was allowed in the crypto industry in the name of privacy and for me, it makes cryptocurrency more complicated and prone to scammers, by the way, because the thieves were caught I think it's a piece of relieving information and I hope that most of those thieves and scammers will be punished if they are caught.
samcrypto
Sr. Member
****
Offline Offline

Activity: 2044
Merit: 314


Vave.com - Crypto Casino


View Profile
March 21, 2020, 12:36:38 PM
 #13

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.
There’s something behind the scene considering that she is a co-founder and I think she is just getting her part on their money. Well, she should defend well on the court or else she’ll be in jail. Cryptocurrency is new to India because of its legalization and this kind of news can affect that decision and I do hope that India people will still trust cryptocurrency and bitcoin.

Winscosinally
Member
**
Offline Offline

Activity: 490
Merit: 16


View Profile
March 21, 2020, 01:04:57 PM
 #14

Crypto criminals aren't 100 percent pure, they leave traces behind and if they wanted to be found they can easily be found, when they steal coins they exchange for other coins and if you want to change to Fiat you can only use services that have your KYC
Thomas-s
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 500


Proof-of-Stake Blockchain Network


View Profile
March 21, 2020, 02:44:15 PM
 #15

thieves also have very different qualifications. this woman was simply not very smart and could not hide the transactions of her crime. more experienced hackers do not allow to determine themselves. they codify transactions and it is almost impossible to find them






             ,gaaaaaaaagaaaaaaaaaaaaagaaaaaaaag,
           ,aP8b    _,dYba,       ,adPb,_    d8Ya,
         ,aP"  Yb_,dP"   "Yba, ,adP"   "Yb,_dP  "Ya,
       ,aP"    _88"         )888(         "88_    "Ya,
     ,aP"   _,dP"Yb      ,adP"8"Yba,      dP"Yb,_   "Ya,
   ,aPYb _,dP8    Yb  ,adP"   8   "Yba,  dP    8Yb,_ dPYa,
 ,aP"  YdP" dP     YbdP"      8      "YbdP     Yb "YbP  "Ya,
I8aaaaaa8aaa8baaaaaa88aaaaaaaa8aaaaaaaa88aaaaaad8aaa8aaaaaa8I
`Yb,   d8a, Ya      d8b,      8      ,d8b      aP ,a8b   ,dP'
  "Yb,dP "Ya "8,   dI "Yb,    8    ,dP" Ib   ,8" aP" Yb,dP"
    "Y8,   "YaI8, ,8'   "Yb,  8  ,dP"   `8, ,8IaP"   ,8P"
      "Yb,   `"Y8ad'      "Yb,8,dP"      `ba8P"'   ,dP"
        "Yb,    `"8,        "Y8P"        ,8"'    ,dP"
          "Yb,    `8,         8         ,8'    ,dP"
            "Yb,   `Ya        8        aP'   ,dP"
              "Yb,   "8,      8      ,8"   ,dP"
                "Yb,  `8,     8     ,8'  ,dP" 
                  "Yb, `Ya    8    aP' ,dP"   
                    "Yb, "8,  8  ,8" ,dP"
                      "Yb,`8, 8 ,8',dP"
                        "Yb,Ya8aP,dP"
                          "Y88888P"
                            "Y8P"
                              "

Free TON





PEER-TO-PEER MULTY-BLOCKCHAIN SYSTEM
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬TON SURF - OFFICIAL WALLET ▬▬▬▬





        ▄███████████████████▄
        █████████████████████
▄█████  █████████████████████
██████  ████             ████
███     █████████████████████
██████  ████             ████
██████  █████████████████████
███     █████████████████████
███████ ▀███████████████████▀
▀███████▄▄▄▄▄▄▄       ▀████
  ████▌                 ██ 
  ▐██▌                     
   █▌








TELEGRAM
FORUM
WIKI
kaneki007
Sr. Member
****
Offline Offline

Activity: 1190
Merit: 257



View Profile
March 22, 2020, 03:02:04 PM
 #16

I don't belief they will all get caught, since 2017 many ICO projects scammed thousands of investors and very few are caught but many scammers are at large, some blame the exit on lack of funds and they never return funds back to investors
That's right, only a few scammers have been caught for fraud and now they are still hanging around or having fun with the results of stealing investor money. I have seen several people who once again made scam projects but the faces of the team were very well known or had made ICO scams.

                                     ▄█▄▄█▄   ▄
                                       ▀▀▀████▌
                                         ▀▄▄▀█
  ▄███████▄▄   ▐████     ████  ▄▄████████▄  ██▄
  ███████████▌ ████▌   ▄█████  █████▀▀█████  ██▄
 ▐████  ▐████▌ ████▌▐██████▀  ▐█████  ████▌   ██▌
 ▐██████████▀ ▐████ ████▀▀▄    ▀████████▀▀    ███
▐█████▀▀█████ ▐████    ▄███▌  █████▀▀█████    ███
▐█████▄▄█████ ████▌    ████▌ ██████  █████▌  ▐██▌
███████████▀  ████▌   ▐████  █████████████  ▄███
                              ▀▀███████▀▀ ▄███▀
                            ▀▄▄        ▄▄███▀
                               ▀▀▀███████▀▀
ASIA'S BIGGEST AND MOST
TRUSTED, FULLY LICENSED
CRYPTO CASINO
       ▄█▀▄██▄▄
     ▄█▄▌▐██████▄
    █▀         ▀█
    ▌           ▐
                █
    ▄  ▀██  ▀█▀ ▐▄
    ▀▌   ▄
       ▐█▄▄▄
       ▐█▄▀▀▄▀
        ▀▄█▀   ▄
     ▄ ▄ ▄█▄▄▄▀ ▄
 ▄▄▄██▌▀███▀ ▄ ▐██▄▄▄
███████▌ ▀ ▄   ████████
.
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ROBIN VAN PERSIE
BK8 AMBASSADOR
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄

.
ACCEPT MULTIPLE
CURRENCY
.
WELCOME BONUS

.
.
DAILY CASH REBATE
.
FAST DEPOSIT
& WITHDRAW
█▀▀▀▀▀











█▄▄▄▄▄
.
JOIN US
▀▀▀▀▀█











▄▄▄▄▄█
ashmodeus
Hero Member
*****
Offline Offline

Activity: 1638
Merit: 518



View Profile
March 22, 2020, 05:02:24 PM
 #17

Well ,probably she have a bad luck, or even stupid.
We really know there a hundreds of scam project and until now, just a few have been caught, since the crypto is a new way for investement and also new way for scamming people,no wonder need a more time to caught the thief because mostly ico have a global nature, also the absence of direct reports to the authorities also makes handling cases slow.

  ▄▄███████████████████████▄▄
 █████████████████████████████
 █████████████████████████████
  ███████████████████████████
   ▀███████████████████████▀
     █████████████████████
      ▀█████████████████▀
     ▄  ███████████████
   ▄███  ▀███████████▀
  ▄█████▄  █████████
 █████████  ▀█████▀
███████████▄ ▀███▀
 ▀███████████▄ ▀
.
.Syntrum......
            ███
           ███
          ███
         ███
        ███
       ███
      ███   █
     ███   █
    ███   █
   ███   █
  ███   █
 ███   █
███   █
.
            ███   █
           ███   █
          ███   █
         ███   █
        ███   █
       ███   █
      ███   █
     ███
    ███
   ███
  ███
 ███
███
.
......JOIN NOW.
Maestro75
Sr. Member
****
Offline Offline

Activity: 1974
Merit: 329



View Profile WWW
March 22, 2020, 05:20:25 PM
 #18

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.
Your question is simple to answer. She was caught because she was a co-founder of the exchange she stole from, and probably she is not a tech kind of person. Those who are vast in technology would mix the coins before sending it to a wallet. That way there will not be any trace left to track the theft.

B.I.O.K.R.I.P.T|
  BiokriptX Fair Launch is now live in PINKSALE
|🟣 Twitter
🔵 Facebook
🟣 Telegram
pacman7331
Full Member
***
Offline Offline

Activity: 638
Merit: 118



View Profile
March 22, 2020, 05:31:20 PM
 #19

Maybe she is not that smart to hide everything before getting caught by the cops! We have seen lots of scam/hack events, and most of the time hackers did not get any punishment! Even the Plus token scammed 1 Billion USD, such huge money it is, but Police is yet to catch them!

gundala
Full Member
***
Offline Offline

Activity: 896
Merit: 108



View Profile
March 22, 2020, 11:01:44 PM
 #20

A woman was arrested in Bengaluru India for allegedly stealing 63bitcoins from Bitcipher Labs which is an exchange and she was a co founder to this exchange, that's over 470,000$, the fund was actually recovered but I wonder why all other crypto thefts and scammers aren't caught this easy.
We all know that most of the theft cases in the crypto world are carried out by hackers who steal by accessing personal wallets or wallet exchanges, some other cases are carried out by individuals from a shit exchange who carry away their customers' funds, and some others are based on fraud under the guise of investment. The most difficult cases to be traced are those carried out by hackers, their existence is difficult to find, it does not mean that they cannot be captured, because the process takes time. Many news provides information related to hackers, this is one of them https://cointelegraph.com/news/canadian-teen-charged-for-50-million-cryptocurrency-theft

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!