Electrum wallet user Lost $16M in Bitcoin.

[Melloiga]

I lost $40,000 in this Electrum hack through a quick lapse in concentration - I'd eaten a bit too much and wasn't thinking straight / feeling lazy. That's all it takes folks!

I'm circling back around on this - is there somewhere I can at least register the loss? I'dve thought there is some value in a company monitoring stolen coins or something?

Where are you located. Every country has a cyber cell, google their contact info for your country and register the complaint. Not saying that they'd find anything but you never know. Many of the offenses go unreported because the victims think nothing will happen but you have nothing to lose. Just register a complaint, provide all the info and then forget about it.

[1714246896]

1714246896

[1714246896]

1714246896

[NVZNtoken]

An Electrum wallet user claims to have lost a fortune in bitcoin after installing an older version of the software from a malicious source.

https://www.coindesk.com/loses-16m-bitcoin-crypto-install-malicious-electrum-wallet?__twitter_impression=true&__twitter_impression=true&__twitter_impression=true

That's a huge loss but installing wallet from a malicious source (and we should always assume that any source but the official website is malicious) is just asking for trouble.

[SomeJasonGuy]

I remember reading about this. Apparently, Binance had step in to prevent the funds from being sold on its exchanges or blacklisting the address. But unfortunately, with a few mixers it's very easy to launder the money. Hopefully the guy's a whale and has $16 mil more hanging around somewhere.

[pooya87]

I don't think there any company that does the job of monitoring stolen coin because despite the transactions in bitcoin blockchain being viewable by anyone. It's also a little easy to create new addresses and also mix stolen bitcoins through bitcoin mixers making it hard for someone who's trying to trace the stolen coins.

there are a lot of these "companies" that claim to be doing that, they are called "blockchain analyzers", there are at least a couple of dozens of them around with new ones being created regularly!
to this day i have never seen any of them play a major role in catching any of the hackers. they either go uncaught or the law enforcement catches them when they do things such as using the same coins to send to their verified coinbase account or something like that.

[barefoot_vagrant]

there are a lot of these "companies" that claim to be doing that, they are called "blockchain analyzers", there are at least a couple of dozens of them around with new ones being created regularly!
to this day i have never seen any of them play a major role in catching any of the hackers. they either go uncaught or the law enforcement catches them when they do things such as using the same coins to send to their verified coinbase account or something like that.

yes this is what i was wondering about, just making sure i round it off by doing all i can - filing my name somewhere with the lost amount/address etc so at least if something happens somewhere someone knows what to do. they take 10-20% cut or whatever etc.