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    Author Topic: 2018 Crypto News Stolen Mt Gox Bitcoin hits Exchanges  (Read 168 times)

    • 1bitcoinsnet (OP)
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    December 25, 2017, 03:02:22 PM
     #1
    Interesting story, will the big crypto news in 2018 be what happens at exchanges when mules start to cash out Bitcoin that was hacked starting in 2011 from Mt. Gox?

    Almost 1 million coins hacked from 2011 to 2014.

    So as statute of limitations on the original hackers unwinds, 7 years in most jurisdictions, are we about to see stolen Bitcoin coin dumps hit market exchanges?

    https://kryptous.com/2018-crypto-stolen-mt-gox-bitcoin-enters-exchanges/

    So the issue might be is your Bitcoin not stolen.

    Also, people start to realize the public ledger has tracked what every coin has ever done.

    So people start to realize crypto is not anonymous at all.

  • 1bitcoinsnet (OP)
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    December 25, 2017, 06:59:08 PM
     #2
    BTCe officer tied to stolen Mt Gox Bitcoin

    The same exchange that collects ransomware bitcoin

    https://www.theverge.com/2017/7/26/16035702/btce-arrest-bitcoin-alexander-vinnik-mt-gox-theft-suspect

  • European Central Bank
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    December 25, 2017, 07:02:10 PM
     #3
    Wut? One of the prime candidates for the never ending bear market was the relentless selling and laundering of those coins.

    The guy who might have done it is in custody right now.

    Your average hacker does not have the patience to wait seven freaking years and does this statute apply globally? Nope.

  • jimbo2000
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    December 25, 2017, 07:03:22 PM
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    Quote from: 1bitcoinsnet on December 25, 2017, 03:02:22 PM
    Interesting story, will the big crypto news in 2018 be what happens at exchanges when mules start to cash out Bitcoin that was hacked starting in 2011 from Mt. Gox?

    Almost 1 million coins hacked from 2011 to 2014.

    So as statute of limitations on the original hackers unwinds, 7 years in most jurisdictions, are we about to see stolen Bitcoin coin dumps hit market exchanges?

    https://kryptous.com/2018-crypto-stolen-mt-gox-bitcoin-enters-exchanges/

    So the issue might be is your Bitcoin not stolen.

    Also, people start to realize the public ledger has tracked what every coin has ever done.

    So people start to realize crypto is not anonymous at all.

    Other than tracking where every transaction has ever been to there is no way to track any specific bitcoin. If a million bitcoin suddenly came to market it would definitely hurt the price as it is a huge amount of the supply that is actually traded.
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  • sobriket
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    December 25, 2017, 07:06:22 PM
     #5
    Those bitcoins weren't locked? Far as i know those bitcoins were locked in a wallet that would never be opened again, i dont know, but can anyone explain me how the fuck are they going to hit exchanges soon?

  • 1bitcoinsnet (OP)
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    December 25, 2017, 07:29:01 PM
     #6
    Quote from: sobriket on December 25, 2017, 07:06:22 PM
    Those bitcoins weren't locked? Far as i know those bitcoins were locked in a wallet that would never be opened again, i dont know, but can anyone explain me how the fuck are they going to hit exchanges soon?


    I think a hard fork locked some years ago, but the theft went on for 4 years so lots of wallets were used.

    Most are still in wallets and the idea that every coin can't be put back together is wrong, a nice computer can take the blockchain and go backwards and forwards showing where every coin belongs

    Every transaction is in the public ledger so it's just data manipulation of the ledger
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