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Author Topic: This Microsoft Engineer who stole $10 million in bitcoin  (Read 84 times)
mich (OP)
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July 02, 2021, 06:00:54 AM
 #1

He will go to prison for 9 years for stealing more then 152,000 Xbox gift cards worth $10.1 million.

https://www.bloomberg.com/features/2021-microsoft-xbox-gift-card-fraud/

 

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July 02, 2021, 09:47:23 AM
 #2

He will go to prison for 9 years for stealing more then 152,000 Xbox gift cards worth $10.1 million.

https://www.bloomberg.com/features/2021-microsoft-xbox-gift-card-fraud/

 
Instead of hiring people to find glitches the microsoft could offered bounties to anyone who find and report it to them loke Facebook and Google so they are going to save such kimd of insiders work. Anyway we should not relate this to bitcoin because media is always looking to damage the reputation of bitcoin in someway.









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July 02, 2021, 10:03:14 AM
 #3

He will go to prison for 9 years for stealing more then 152,000 Xbox gift cards worth $10.1 million.

https://www.bloomberg.com/features/2021-microsoft-xbox-gift-card-fraud/

 
so that means a Million per year imprisonment ? he must stay behind the bars whole his life so people like him might find it critical and change their way .

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July 02, 2021, 05:25:25 PM
 #4

Instead of hiring people to find glitches the microsoft could offered bounties to anyone who find and report it to them loke Facebook and Google so they are going to save such kimd of insiders work. Anyway we should not relate this to bitcoin because media is always looking to damage the reputation of bitcoin in someway.
Every big tech has a bug bounty.

It just so happens that this guy saw the exploit and took advantage of it. Well, if he's a thief, he deserves to be in jail.



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July 03, 2021, 09:35:34 AM
 #5

He will go to prison for 9 years for stealing more then 152,000 Xbox gift cards worth $10.1 million.

https://www.bloomberg.com/features/2021-microsoft-xbox-gift-card-fraud/

 
Instead of hiring people to find glitches the microsoft could offered bounties to anyone who find and report it to them loke Facebook and Google so they are going to save such kimd of insiders work. Anyway we should not relate this to bitcoin because media is always looking to damage the reputation of bitcoin in someway.

That is exactly what happened. He was hired to find glitches in Microsoft's e-commerce platform, but instead of reporting the problem, he used it to his advantage.
I think he made a big mistake when he started spending his earnings on expensive real estate and cars, drawing attention to himself in that way.

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July 03, 2021, 10:04:47 AM
 #6

He will go to prison for 9 years for stealing more then 152,000 Xbox gift cards worth $10.1 million.

https://www.bloomberg.com/features/2021-microsoft-xbox-gift-card-fraud/

 
Now everyone is trying to store everything in bitcoins, so he most likely thought that it would not be noticeable for microsoft, but they took it and noticed. No luck for the dude.
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July 03, 2021, 10:31:37 AM
 #7

He will go to prison for 9 years for stealing more then 152,000 Xbox gift cards worth $10.1 million.

https://www.bloomberg.com/features/2021-microsoft-xbox-gift-card-fraud/

 
Instead of hiring people to find glitches the microsoft could offered bounties to anyone who find and report it to them loke Facebook and Google so they are going to save such kimd of insiders work. Anyway we should not relate this to bitcoin because media is always looking to damage the reputation of bitcoin in someway.

That is exactly what happened. He was hired to find glitches in Microsoft's e-commerce platform, but instead of reporting the problem, he used it to his advantage.
I think he made a big mistake when he started spending his earnings on expensive real estate and cars, drawing attention to himself in that way.
Indeed. He never thinks about the impact on his life for what he did. If he reports the problem, maybe he can get a reward and not break the rules.

Now, he should be in jail for a long time because I do not think Microsoft will let him away easily before he gets punished for what he did.

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July 06, 2021, 04:09:48 AM
 #8

He will go to prison for 9 years for stealing more then 152,000 Xbox gift cards worth $10.1 million.

https://www.bloomberg.com/features/2021-microsoft-xbox-gift-card-fraud/

 
Instead of hiring people to find glitches the microsoft could offered bounties to anyone who find and report it to them loke Facebook and Google so they are going to save such kimd of insiders work. Anyway we should not relate this to bitcoin because media is always looking to damage the reputation of bitcoin in someway.

Correct about msm wanting to associate bitcoin with fraud because they don't control it (yet).
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July 06, 2021, 04:50:03 AM
 #9

He will go to prison for 9 years for stealing more then 152,000 Xbox gift cards worth $10.1 million.

https://www.bloomberg.com/features/2021-microsoft-xbox-gift-card-fraud/

 
What does he care ? His family will live forever in better ?

Imagine 10.2 million worth of gift cards that he may sell in Half for faster transactions , means His love ones will be 5 million dollars richer (if the authorities wont detect the funds of course)
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July 06, 2021, 05:45:22 AM
 #10

He will go to prison for 9 years for stealing more then 152,000 Xbox gift cards worth $10.1 million.

https://www.bloomberg.com/features/2021-microsoft-xbox-gift-card-fraud/

 
What does he care ? His family will live forever in better ?

Imagine 10.2 million worth of gift cards that he may sell in Half for faster transactions , means His love ones will be 5 million dollars richer (if the authorities wont detect the funds of course)


That is if they do not find it or as well they may attach the properties and all the belonging etc depending upon the law of the country etc. So provided he was ready for the sacrifice else what's the point now for the rest 10 years is wasted and probably that was the age where he would have lived the best of his life and coming back might not be same life as will be older by 9 years.

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October 13, 2021, 02:31:34 PM
 #11

It took them 2 years to see he stole that much... at least he had some fun Cheesy
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