jslestevez
Copper Member
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Activity: 19
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October 13, 2020, 10:11:44 AM |
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AakZaki
Legendary
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Activity: 2338
Merit: 1084
zknodes.org
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October 13, 2020, 03:34:45 PM |
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4 years passed and then the hacker wallet started to reactivate. They use a coin mixing service to avoid the tracing being done, but in the end when they want to sell it will of course still trace where the 120,000 BTC will end up. Hackers try to reap the benefits after 4 years have passed. Btfinex doesn't seem to give up on exposing the person behind the hack.
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Alucard1
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October 13, 2020, 03:47:07 PM |
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120,000 BTC is such a huge amount of money and it would take so many years before you earned that kind of the amount but that would be easy for every hacker to gain that money, they are so intelligent and so many knowledge about technology, that is why they can hack even large company. For sure that money is already distributed for every wallet of the hackers involved in it. I wonder why authorities can't still catch those criminals, well, in fact, most of the articles that I have read, they had caught the criminals who execute such activities.
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malevolent
can into space
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Activity: 3472
Merit: 1722
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October 13, 2020, 07:48:49 PM |
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120,000 Bitcoin is exclusively a large amount already to be imagined which is explicitly showcases how brilliant those hackers really are to stole such a big amount of Bitcoin. Now with Bitfinex experiencing a large amount of hack which is $30 million,
120k BTC was more than $30M even back in 2016 when the hack occurred. The news regarding the 2 Israeli brothers who are connected to the Bitfinex hacked didn't really had any follow after their arrest so I suspect the crypto news media have distributed the wrong information again, because if this was true we won't hear the end of it and expect a lot of follow up after their arrest. Right now with 400 Million dollars in reward for them to recover the stolen Bitcoin I would suspect at least 1 of them to turn their back on each other or at least their family just to get that money.
zdnet and yahoo which aren't part of the 'crypto news media' have reported the news too Perhaps what happened is someone erroneously tied a June 2019 movement of some of the stolen bitcoins to the brothers, maybe both the thieves and these brothers used the same DNM, or did some business together, or something like that.
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Signature space available for rent.
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Gibreil
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 13, 2020, 09:38:03 PM |
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120,000 BTC is such a huge amount of money and it would take so many years before you earned that kind of the amount but that would be easy for every hacker to gain that money, they are so intelligent and so many knowledge about technology, that is why they can hack even large company. For sure that money is already distributed for every wallet of the hackers involved in it. I wonder why authorities can't still catch those criminals, well, in fact, most of the articles that I have read, they had caught the criminals who execute such activities.
Hacking is the most easiest way to earn money in online but the dirtiest job for me. Imagine, this 120K btc hacked in bitfinex had users also who trade and hope to become a millionaire soon. But the hope was cut when there was a hacking event that may took their money from the exchange. They are so intelligent to the fact the even the hardest system, they can intercept it. But for me, its useless when their life was being in harm. I hope someday this hacking event will be gone so that many users will feel safe when their funds are on exchange.
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erikoy
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 13, 2020, 10:23:33 PM |
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This is a sad scenario for cryptocurrency. How could we make an attest the integrity of the system if other users were being vulnerable as a target for hacking, phishing and other fraud activities? This is not really a goof sign that we are heading towards cryptocurrency adaption instead cryptocurrency will going to end. So, what we can expect now wity cryptocurrency with news poppingnlike this? nothing, we will goin to move in one day without cryptocurrency already and that I think we willl all be sad if it happens.
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Shasha80
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October 13, 2020, 10:26:27 PM |
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It's true that 120,000 BTC is a lot of money, if I'm lucky to have that kind of money, I probably will not use it all my life. Because my income alone for a year does not reach 1 BTC, So it's only natural that Bitfinex continues to pursue these hackers. But Bitfinex hackers cleverly cover their tracks, therefore it is very difficult to catch them.
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bitcoin31
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October 13, 2020, 10:59:31 PM |
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Those hackers who are still holding those bitcoin once they sell it maybe it decreased the value because it's worth millions dollars and that is very big amount of money. I hope that hacker will be caught and go to jail because stealing bitcoin or anything is not good hoping wfor them to karma. Hoping no more exchanger/trading sites will be hack because it is involve money of the traders too.
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Hueristic
Legendary
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Activity: 3934
Merit: 5290
Doomed to see the future and unable to prevent it
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October 14, 2020, 12:09:40 AM |
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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jslestevez
Copper Member
Newbie
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Activity: 19
Merit: 1
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October 15, 2020, 04:27:30 PM |
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Thanks for answering ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I freeze that UTXO with 547 satoshis in electrum and moved the rest of my funds to a new wallet..
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wxa7115
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October 16, 2020, 07:47:51 PM |
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4 years passed and then the hacker wallet started to reactivate. They use a coin mixing service to avoid the tracing being done, but in the end when they want to sell it will of course still trace where the 120,000 BTC will end up. Hackers try to reap the benefits after 4 years have passed. Btfinex doesn't seem to give up on exposing the person behind the hack.
It is not going to be as easy the hackers could just buy an anonymity coin like Monero and then buy bitcoin with it and if they do this enough times they could make their track a lot harder to follow and when we take into account they are moving their coins now after so much time has passed then most likely they think they have a plan that will not fail to get away with their crimes. I really hope they catch them and that money is recovered but I am not positive about the chances of that happening being very high.
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Emitdama
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2020, 04:27:04 PM |
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Most of these hackers are playing smart these days by making use of several means that’s going to help them realize their stolen bitcoins without being traced, and one of the ways they have been doing this is by making use of coin mixers, after they have done this there are no way trace them. I wish there would be a way they can track down these people and punish them for the crimes they are committing.
With that said, I think it’s high time that exchanges should put more focus into tightening their security and making constant updates that are going to help secure their platforms so that these hackers will not be able to break through. Seriously I am tired of seeing news of exchanges being hacked. They really need to up their game, and stop being too easy to these thieves and hackers, and risking their customers' funds at the end of it.
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Hueristic
Legendary
Offline
Activity: 3934
Merit: 5290
Doomed to see the future and unable to prevent it
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2020, 05:19:09 PM |
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Most of these hackers are playing smart these days by making use of several means that’s going to help them realize their stolen bitcoins without being traced, and one of the ways they have been doing this is by making use of coin mixers, after they have done this there are no way trace them. I wish there would be a way they can track down these people and punish them for the crimes they are committing.
With that said, I think it’s high time that exchanges should put more focus into tightening their security and making constant updates that are going to help secure their platforms so that these hackers will not be able to break through. Seriously I am tired of seeing news of exchanges being hacked. They really need to up their game, and stop being too easy to these thieves and hackers, and risking their customers' funds at the end of it.
Hahaha, anyone that believes the bolded has a nice cold cell waiting for them. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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aesma
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2020, 03:54:33 AM |
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What's annoying is that this hack, and others that happened years ago, should have been a lesson to all serious crypto websites/exchanges, but still, some of them still have poor security and get hacked these days.
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JahriMeayer
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2020, 05:50:10 PM |
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Its not easy to track those Perpetrators even anyone if they stole bitcoin from exchanges.there is no clue, that can help to make find them out. Almost every exchange is hacked for atleast one time minimum, but still no progress even still Stuck with their old security management.i don't see any possibilities to catch Perpetrators but atleast exchange should takes step to recover fund that is stolen by hackers.
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