Guido (OP)
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January 07, 2015, 02:15:31 PM |
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I am Bonkers BTW
Crypto OG
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Digital Artist
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Guido (OP)
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Activity: 1061
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January 07, 2015, 02:24:21 PM |
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my first concern was they may try and dump them today. on smaller exchanges or trade into alts, then sell.
or they could just secure in multiple wallets and leave for years. then sell when everyone has 'forgot'
maybe a dump is on way today or they may sell on localbitcoins slowly, who knows
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I am Bonkers BTW
Crypto OG
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Digital Artist
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ReserviorHunt
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Activity: 112
Merit: 10
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January 07, 2015, 02:29:48 PM |
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thompete
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January 07, 2015, 03:07:00 PM |
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Well are people going to follow them until the end ? Whats the end goal, because I doubt blacklisting them would work. It seems the best possible thing is somehow some data gets left behind somewhere and we find out who is behind this.
If they land in some other exchange, I don't think they will help bitstamp trace the seller. |
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Wendigo
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January 07, 2015, 03:13:47 PM |
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Can the perpetrators sell them on other exchanges or that will lead to their revelation? I mean follow the bread crumbs.
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Velkro
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January 07, 2015, 03:22:50 PM |
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it doesn't matter if they are moving, someone owns them so he will move/sell/do whatever he want with them
nothing to be excited about
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pawel7777
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Activity: 2436
Merit: 1563
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January 07, 2015, 03:38:30 PM |
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my first concern was they may try and dump them today. on smaller exchanges or trade into alts, then sell.
or they could just secure in multiple wallets and leave for years. then sell when everyone has 'forgot'
maybe a dump is on way today or they may sell on localbitcoins slowly, who knows
They have to sell it slowly. There's no other way. No one will buy such amount with cash and if they start selling large amounts on any fiat/BTC exchange - that would immediately raise suspicion. Even if they successfully convert to fiat, there's still a risk of a taxman asking where did you get the ~$5m from, or bank freezing your account etc. I reckon all the process will take months if not years. |
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mlferro
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January 07, 2015, 04:04:16 PM |
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my first concern was they may try and dump them today. on smaller exchanges or trade into alts, then sell.
or they could just secure in multiple wallets and leave for years. then sell when everyone has 'forgot'
maybe a dump is on way today or they may sell on localbitcoins slowly, who knows
They have to sell it slowly. There's no other way. No one will buy such amount with cash and if they start selling large amounts on any fiat/BTC exchange - that would immediately raise suspicion. Even if they successfully convert to fiat, there's still a risk of a taxman asking where did you get the ~$5m from, or bank freezing your account etc. I reckon all the process will take months if not years. I also think that. What remains is only hope that these thugs commit some slip and commit |
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DeboraMeeks
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January 07, 2015, 04:06:47 PM |
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The coins are more than likely no longer in addresses the hacker controls (he has mixed them)
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dmugetsu
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Activity: 105
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January 07, 2015, 04:55:34 PM |
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Probably he is share it to many alt address
And we can't do anything about it
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spazzdla
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Activity: 1722
Merit: 1000
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January 07, 2015, 05:00:12 PM |
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Well are people going to follow them until the end ? Whats the end goal, because I doubt blacklisting them would work. It seems the best possible thing is somehow some data gets left behind somewhere and we find out who is behind this.
So when the person spends or sells them we can bust them.. |
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kilter71
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January 07, 2015, 05:04:23 PM |
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Couldn't he/she just put them through a mixer? That's one of the shady/unfortunate things about mixers...
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pawel7777
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Activity: 2436
Merit: 1563
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January 07, 2015, 05:21:46 PM |
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my first concern was they may try and dump them today. on smaller exchanges or trade into alts, then sell.
or they could just secure in multiple wallets and leave for years. then sell when everyone has 'forgot'
maybe a dump is on way today or they may sell on localbitcoins slowly, who knows
They have to sell it slowly. There's no other way. No one will buy such amount with cash and if they start selling large amounts on any fiat/BTC exchange - that would immediately raise suspicion. Even if they successfully convert to fiat, there's still a risk of a taxman asking where did you get the ~$5m from, or bank freezing your account etc. I reckon all the process will take months if not years. Or he could just live off the Bitcoin? I mean think about it, he can buy gold, silver, lambos, booze, clothes and pretty much whatever he wants. He just needs to not let the tax man see him living too lavishly. Sure, you could live low-key but that's not what you want when you have $5 mils. It's impossible to be unnoticed when you buy expensive car or house paying up-front. I remember a story about some 18yo UK drug dealer who got busted shortly after buying an expensive Range-Rover. |
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nobbynobbynoob
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January 07, 2015, 05:31:44 PM |
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Or he could just live off the Bitcoin? I mean think about it, he can buy gold, silver, lambos, booze, clothes and pretty much whatever he wants. He just needs to not let the tax man see him living too lavishly.
There mightn't even be any potential tax issue in some jurisdictions, such as those without capital gains taxes, but there is certainly the issue of money laundering / use of ill-gotten gains / theft investigation. |
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QuestionAuthority
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You lead and I'll watch you walk away.
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January 07, 2015, 05:37:15 PM |
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Maybe it's a wise investor that's pissed at stamp and they're gonna HODL.
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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January 07, 2015, 05:52:26 PM |
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newIndia
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Merit: 1049
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January 07, 2015, 05:54:24 PM |
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Only 5 BTC left out of 18,890. I dont think BitMixer has so much in reserve to mix this huge stash. |
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LiteCoinGuy
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In Satoshi I Trust
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January 07, 2015, 06:00:41 PM |
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maybe the thief could mix some BTC with Marks BTC  |
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newIndia
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January 07, 2015, 06:17:59 PM |
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maybe the thief could mix some BTC with Marks BTC MK is an intelligent chap Buddy. While everyone is hiding behind curtain, he came out in open, fucked everyone, walked off with the coins. He is now an angel investor. He wont touch stolen coins anymore  |
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homo homini lupus
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January 07, 2015, 08:09:35 PM |
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