Topic: Are there such things as Crypto-currency heists? (Read 315 times)
If there is it is not much exciting to watch. Because a heist in a cryptocurrency will just focus on a man working on his computer developing some applications or programs to get cryptocurrency. Boring isn't it? And if that is to happen, the security features of cryptocurrency is too strong because of its encryption. And no one could break that, hashes cannot be decrypted. If there would be someone who can do that, he might be considered a legend.
I am a rather big fan of heist movies such as The Perfect Score, Ocean’s 11, the Mission: Impossible Movie Franchise and many more less well-known heist movies. While watching those movies, I’m just thinking would it be possible to plan a heist to seal some crypto-currency? Moreover, are there any cryptocurrency heists that have taken place in the real world so far?
I heard about one guy, programmer from Ukraine. Nowadays he lives in USA somewhere. He lost his 28 Bitcoins (nearly 250000 dollars) in 2018. He had in his IPhone the app for keeping BTC. He took his IPhone to the repairman to one of the services, and after that when he got his phone back, he has found no BTC on his wallet. He even asked for help the Apple company, but of course nobody could help him. Or one another story when a guy was in a cafe or pub do not rememeber exactly, he just used the WiFi and tried to check the balance on his wallet, and openned his wallet online and after that lost all his assets on the crypto wallet. I heard some story about guys that tried to stole the cryptomat, and they even did this, but the most funny that they did not knew that this cryptomat did not work, it was just placed, but it was not connected to the whole system..)))))) lots of stories like that. But mostly people just are hacked - like private wallets or exchanges, more ordinary stories, not like in blockbasters))))) or action movies))))
There is cryptocurrency heist, especially for those that shows off their asset in crypto. And I learnt that kidnappers now accepts bitcoin in some countries. Stealing crypto ATM can't be classified under a crypto heist because it's loaded with fiats.
I am a rather big fan of heist movies such as The Perfect Score, Ocean’s 11, the Mission: Impossible Movie Franchise and many more less well-known heist movies. While watching those movies, I’m just thinking would it be possible to plan a heist to seal some crypto-currency? Moreover, are there any cryptocurrency heists that have taken place in the real world so far?
It could be a quantum computer abduction. It is physically impossible to steal a cryptocurrency, except to steal a crypto ATM but there will be fiat money inside, no more else 
There have been many robbery cases. The most common case is stealing your private key. It can happen when you use unknown applications that contain malicious code, or you may accidentally reveal your private key. Besides, the less common case is hackers, they invade your computer and steal your data, including private keys ...
Maybe it's not 'fresh' event, but I find it pretty interesting. The biggest Bitcoin heist in China: https://www.scmp.com/news/china/society/article/2160387/chinas-biggest-ever-bitcoin-hacking-case-sees-three-held-over
Um yeah, it happens all the time. Put your money in 10 different exchanges. Wait for 2 or 3 years. You'd be extremely lucky if at the end of that time, not one of them have:
1. Closed down/exit scammed.
2. Got "hacked".
3. Got seized and funds confiscated by FSB/CIA/
Of course, there's also been stories of people trying to do a number on BATMs... good luck cracking private keys though.
1. Closed down/exit scammed.
2. Got "hacked".
3. Got seized and funds confiscated by FSB/CIA/
Of course, there's also been stories of people trying to do a number on BATMs... good luck cracking private keys though.
It is very possible in any way, I believe all these hacks that occurs on the various exchanges are all planned which can be termed as heists. We can easily classify these attacks that goes a long way to rob exchanges huge amount of money. In that way, I guess there are already planned heists that are happening.
I am a rather big fan of heist movies such as The Perfect Score, Ocean’s 11, the Mission: Impossible Movie Franchise and many more less well-known heist movies. While watching those movies, I’m just thinking would it be possible to plan a heist to seal some crypto-currency? Moreover, are there any cryptocurrency heists that have taken place in the real world so far?
Actually there are two types of heists in Cryptocurrencies out of which one are legal and the other set is doing black hat things. First let's talke about the illegal heists. These actually are hackers, huge hackers who hack major exchanges and then mix up their money in bitcoin mixer and bring them out absolutely fresh. This is absolutely illegal. Second set is the heists which are major trader of Cryptocurrencies. Like the top 40-50 maybe. These traders artificially create fake pumps and dumps which make them richer and richer in any dry market. These people have so large capital that their moves when done collectively can easily move the whole market in any direction. The second set are the cool heists like the one's you see in the movies.
I am a rather big fan of heist movies such as The Perfect Score, Ocean’s 11, the Mission: Impossible Movie Franchise and many more less well-known heist movies. While watching those movies, I’m just thinking would it be possible to plan a heist to seal some crypto-currency? Moreover, are there any cryptocurrency heists that have taken place in the real world so far?
The answer is Yes. Some foolish people who have boasted about how much cryptocurrency they have, have been burgled and their laptops stolen.
See the following:
https://www.theguardian.com/uk-news/2018/jan/28/cryptocurrency-trader-forced-at-gunpoint-to-make-bitcoin-transfer
Four men broke into the man's house and forced him to give up his private keys.
Actually pretty interesting question. It reminds me situation from a few months ago, when Norwegian billionaire's wife was kidnapped and whoever did it, they wanted 9 mln in cryptocurrencies, here is an article: https://www.telegraph.co.uk/news/2019/01/09/kidnappers-demand-9m-cryptocurrency-norwegian-billionaires-wife/
I think crypto exchanges that are hacked or sabotage hacked and run away is considered as heist. I encountered some exchanges that has a good reputation for years and suddenly shutdown. If you know cryptopia it was a decent exchange I dont know if it was planned or not but it was a big crypto heist and many are affected.
Are those exchange who run away considered as heists?
Yeah, they have stolen something from the people who had trusted them.
Ain't that the same way as what happened with Ocean's 11?
But for a normal bitcoin holder like me. That would be a bit of a problem.
First, the thief should know something about cryptocurrency or else he won't even try to because I dont have cash at my house or any golden accessories.
He will steal if using my computer. Who knows my password?
Another could be hacking.
Yeah, they have stolen something from the people who had trusted them.
Ain't that the same way as what happened with Ocean's 11?
But for a normal bitcoin holder like me. That would be a bit of a problem.
First, the thief should know something about cryptocurrency or else he won't even try to because I dont have cash at my house or any golden accessories.
He will steal if using my computer. Who knows my password?
Another could be hacking.
A lot of exchanges were hacked in Bitcoin's history. It's about vulnerabilities and hot wallets.
Just I'm not convinced a hack wold be interesting enough to make a movie about it. Maybe an inside job could add some action/drama, but may still not be enough.
Just I'm not convinced a hack wold be interesting enough to make a movie about it. Maybe an inside job could add some action/drama, but may still not be enough.
Bud, those are physical assets, crypto is virtue asset, unless you are storing your BTC on a cold wallet and so happen that guy know your private key, they can then steal from you.
Bitcoin is digital, so most of the stealing happens via hacking. Heists that you are talking about usually mean stealing a large amount of wealth from a vault, but we don't have them in Bitcoin - there's only one well-known vault, it belongs to Xapo and so far there were no reports of someone trying to steal from then. However, over the years there were many cases of physical Bitcoin robberies - you can check it here - https://github.com/jlopp/physical-bitcoin-attacks
I am a rather big fan of heist movies such as The Perfect Score, Ocean’s 11, the Mission: Impossible Movie Franchise and many more less well-known heist movies. While watching those movies, I’m just thinking would it be possible to plan a heist to seal some crypto-currency? Moreover, are there any cryptocurrency heists that have taken place in the real world so far?
Are you looking for a clue on how to stage one?
(just kidding) but on a serious note i don't think such ideas is good to nurture because this will rather cause more harm than good to the crypto space, already there are enough hacking going on with some exchanges lately, we don't want it to be elaborated, i also love to watch heist movies as well as i find them very intriguing. 
I guess we can refer exchange hackings as heists, so yes, a lot. It's not the exciting super witty 20+ successful physical confrontations while doing social engineering techniques though, they're just done in front of a computer screen. Because why would people be exposing their physical appearance unnecessarily right? As they can do the heists on the comfort of their own homes.
With that said, I suggest watching the Netflix series: "La Casa de Papel" a.k.a. Money Heist. Not cryptocurrency related, though there is one nod at bitcoin, but you're probably going to love it.
With that said, I suggest watching the Netflix series: "La Casa de Papel" a.k.a. Money Heist. Not cryptocurrency related, though there is one nod at bitcoin, but you're probably going to love it.
Not sure but I’ve seen lots of stories of $5 wrench type attacks. Always be discrete with your crypto involvement, don’t go shouting from the roof tops that you have & are involved in bitcoin.
I'm sure there are people out there who keep their bitcoin wallets' private keys in vaults like in bank security boxes or personal seifs behind paintings in the wall.. BTC can be stolen, don't think otherwise, but the thieves must change their focus from stealing BTC to stealing the actual private keys. Pretty dumb to steal a bitcoin ATM haha, why not steal a convential ATM then? haha
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