Haha, seems like you are crafting a plan, what you think can i join? I won't make such an amount of Bitcoin and in the end, we can buy an island to set up a big Mining network and accumulate more Bitcoins, Haha just kidding anyway, scammers are clever, I cant even think of that they stole such mount in a month, like who are these victims are they all newbies. A platform getting compromised sounds as there must of some technical fault but, kin of phishing scams, email threats, and other tactics should be observable, and how an experienced person can be so reckless while dealing with sensitive data.

These days scam news are another trending topic seems like, more adoption is bringing more consequences, which needs the attention of the experienced ones, they should full effort in their own domain to educate people with security concerns while moving into the crypto market investment.

If you steal a lot of $ the 1st thing you buy is a minivan. This way if the cops come looking and see you driving one they just think 'Nope, can't be them.'

Show up in a supercar wearing a ton of bling, well then you might be guilty.

But seriously, it's mostly due to the amounts and the speed in which they spent it. Had they sat on in for a while and then only moved a bit (couple thousand $) here and there it would have been a lot more difficult to track them.

-Dave

Damn that’s crazy, I wonder who it was that got hacked, I mean at least they got 500k back so far. The rest has been laundered! It’s a crazy world we live in where you can’t not watch your back.

Well it could be one of those mixing services that are created and operated by FBI! Or it could be the one which has agreed to share data with the enforcement agencies for every big transactions. FBI and other enforcement agencies know this for a fact, that criminals who steal funds from others, will always try to mix their bitcoins to hide the trail. So it's not a surprise that they still allow certain mixing services to run in exchange of data.

The good part is that, the criminals were arrested. Bitcoin should not become a free heaven for criminals like these people. They have NFT markets to play with where they can purchase a stupid looking monkey image for millions of dollars!

Well, the news is good for the victim but I am thinking something else.

While it is good news that the Victim was able to get some of his funds already, it is worrisome that Bitcoin is getting more centralized that now you can find data of a person and track them. Think of a general user. Bitcoin was supposed to be his privacy money and his own banks. Someone can defend saying why do you need privacy money if it's not illegal? You know that Bitcoin has some purposes and one of them is providing privacy. We are the users who messed up and bring back the KYC systems to get fucked. The fucking government always watching and now they can seize your Bitcoin as well.

How could a hacker be so careless about posting his purchases on Instagram or sharing them publicly, especially when we are talking about millions of dollars? He probably has information about who hacked him and gave the FBI the necessary data to quickly arrest them.

Sad but true, the government has outpaced us by putting regulations on companies that accept and pay in crypto. So, no matter what we do, we’ll likely still be traced. We have mixers, but using them is risky since they can be frozen anytime, as they claim it’s used for money laundering.

Actually, the government wouldn't have made KYC requirements so strict, which led to the loss of our privacy, if scams weren’t so rampant worldwide. We have no choice but to adapt to the changes and comply.

To be honest, I never did something which could lead to get me arrested or freeze my bank account. But we never know, a simple political debate can end up getting me arrested and seizing my money and all the assets belonging to me. You cannot even stand against the corruption. The government and its entity will always keep their eyes on you and vanish you from the world.

I live in a third-world country where a lot of people were killed and arrested just because they spoke the truth. They spoke for their rights, they spoke against the corruption but ended up being murdered or the government seized their assets blaming something.

We’re lucky if we live in a country where the government isn’t corrupt, because we can trust them with our details and wouldn’t hesitate to comply with KYC. But you’re right, that’s how it goes, especially in third-world countries where poverty is high, mainly because of corruption. You never really know who’s watching you. If you disagree with the government, they can come after you since they have unlimited resources, resources that should be for the people, used in the people’s best interest, but instead get spent on their personal agendas.