Bitcoin as Ransom - page 8. | Bitcointalksearch.org

mondobitcoin

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

5000 Bitcoins is a big sum, maybe with 50 BTC you can pay the police or FBI, and they can find the people who are redeeming you Cheesy

I think is for stupid, make any exchange for 5000 BTC, if you have this sum it mean that you are rich and you can do all what do you want

AwpDragonPoor

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Of course i would, bitcoin is used as a currency, and if it comes to it i would use it to pay off the ransom. Of course after i get my family or dear ones back, i will contact authorities to get btc back

DavidBrown

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money and people. For me people are more important than money. Money can be earned again. The person who lost it is permanent

speem28

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

That is a very big ransom money they are asking, and I think that it is impossible to happen that someone will ask for that kind of money. Besides, how will they know that you had that amount of bitcoin? Answering your question, I will be willing to give a part of my bitcoin as a ransom but not all of it. 5000 bitcoin 'is a lot dude, I'll just give enough money to them since they can't possibly know the exact money I have.

hubballi

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

What you are saying same thing can happen in fiat currency also when anyone knows about your wealth then same they will do with it. So it is not that bitcoin is bad but its users choice of how is he using it. Only if the users who is holding high bitcoins if disclose to some one let it be near one also is harmfull. Even if you are rich in fiat currency you should be carefull by giving your details. and never keep high bitcoins in one wallet always keeps them in split so that no one can know that which wallet have high bitcoins so that they can try to hack it.

SonOfNorth

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Quote from: emberbekas on August 30, 2017, 01:11:19 AM

Do not make a deal with criminals! They're greedy. Even if you already send money as a ransom, they will continue to blackmail you. The best way is to leave it to the authorities to thoroughly investigate the case we are facing!

This would be the correct way to deal with the situation. It's never a good idea to actually reveal your financial status or net worth to anyone else, because people will always just use you if they can, and someone blackmailing you would most definitely not stop after that. Some might release the hostage, only to make the situation happen again in the future because they know you are ready to pay, and when you would "know" you're getting your loved one back it would be an easy way for them to make money in the future as well.

valentin68

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I would do this, give the 5000 bitcoins for my beloved person, but I would keep 1 bitcoin for me to invest it in mining. In 5-10 years I will recover from this loss. But in my opinion few people have 5000 bitcoins.
Another possibility is that I would give 0.1 bitcoins to 10000 people to bring my beloved person back to me.

emberbekas

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

Do not make a deal with criminals! They're greedy. Even if you already send money as a ransom, they will continue to blackmail you. The best way is to leave it to the authorities to thoroughly investigate the case we are facing!

Kakmakr

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This is why we are telling people not to advertise their bitcoin holdings to people on public forums. It is also frowned on to dox users on these forums, because you put them in harms way by doing this. You have a right to your privacy and that includes your financial privacy. < even from governments >

A corrupt government employee can sell your information to criminals to highlight you as a possible target for hacking or even a target for kidnapping. ^grrrrrrr^

Use mixer services to protect your financial privacy and your identity, not for criminal intent. Protect your family from these people.

maydna

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

i don't know and i can not thinking with clear because actually i don't have 5000 bitcoins right now and i don't know where i should to go to have that amount. but i think for someone very important to me, i will do anything for him/her. i hope now and in future, i don't have this experience because this will make bad influence for me and my life.

Fappanu

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This is a serious incident. And if it's going to happen I'd rather choose life than money. No matter who else is here. If I have that money of course. No matter who the person lives, why not do it all. You look around can see what's happier. Money or life.And if you know it, whatever wealth you give it it will only save your loved one

10yearsolder

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This has been the trend nowadays. I think anonymity and value is the primary reasons why Bitcoin is the choice of crooks. HBO paid the hackers in BTC also when the hackers stole some vital data from Game of Thrones.

libert19

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Well, what you are saying is actually happened.

Few months back some ransomware (I would appreciate if you can point out name!) locked files on computer and demanded bitcoin as ransom to unlock it.

Many paid the demanded amount so yeah..

Yuhee

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Quote from: mevmike on August 29, 2017, 10:27:44 PM

I have already mentioned it before that cryptocurrency can indeed be used for wrongdoing...
Now another situation arises...
Using BTC as a form to ransom someone whom you loved.
Of course i would give anything just to have my loved ones back...
.
But i would also try to dig into it...
How could someone know that i have such a huge amount of bitcoin hidden in my wallet...
Of course if i've given someone such information then it would only be to my close realatives and loved ones.
Then if such situation occurs then it can be safe to say that someone whom i valued that i even share my bitcoin amount, is doing this to me...
An inside job it is....
How sad life could be if even your loved ones can betray you simply because of bitcoin....
But that's the reality which is not far from happening....
Cheesy

Yap Because i always see to it that i have enough security for btc. This is why even if i have many btc, i try not to divulge it anyone even family as possible. Because there is a tendency that even your family will brag about how much you earn to kins or even some of there friends. And now adays money is not that easily earned especially in the low class society. You could be a walking bank account if they knew how rich you are.

Svelto

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Yes, I will use the 5000 bitcoin to exchange for my loved ones. Life will be meaningless without them and money can be earned.

mevmike

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I have already mentioned it before that cryptocurrency can indeed be used for wrongdoing...
Now another situation arises...
Using BTC as a form to ransom someone whom you loved.
Of course i would give anything just to have my loved ones back...
.
But i would also try to dig into it...
How could someone know that i have such a huge amount of bitcoin hidden in my wallet...
Of course if i've given someone such information then it would only be to my close realatives and loved ones.
Then if such situation occurs then it can be safe to say that someone whom i valued that i even share my bitcoin amount, is doing this to me...
An inside job it is....
How sad life could be if even your loved ones can betray you simply because of bitcoin....
But that's the reality which is not far from happening....
Cheesy

craZyLovE0916

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

This is messed up... I don't even want to think about it. I mean, Bitcoin is a good way to ask for ransom but realistically it is not anonymous anyways.

Xenrise

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Well I have heard stories that bitcoin was used for ransom. If you are a fan of Game of Thrones, some people tried to hack the next episodes from HBO and the enterprises tried to ask bitcoin from the hackers.

Sadlife

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How did the kidnapper that you use bitcoin and you have 5000 Bitcoins. Well the first move would be to secretly contact the authorities/law enforcer to secretly device a plan to capture this guy cause transferring the ransom through bitcoin is really a bad move once you've sent the bitcoin therw is no guarantee that the kidnapper will free your love ones or worst he might already kill him/her. So the best way is to convert into your fiat currency and meet up with the kidnapper for money and hostage transfer.

iamTom123

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Quote from: Janation on August 29, 2017, 07:53:57 PM

Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

The first question here is how did that kidnapper knew I have a lot of Bitcoins. Second, I don't need to exchange my bitcoins because he is demanding for bitcoin and not for fiat, either way, I will not find any exchanger that will be exchanging that massive number of bitcoins.

One of the most important rules with Bitcoin is never tell anyone that you have that much Bitcoin otherwise it can be used as a tool to demand from anyone in a form of a ransom. Now, of course, life can be more important so we would not blame anyone to just say yes when someone can be demanding Bitcoin in exchange for the life of someone close to us. We can always buy new Bitcoin anyway but it is impossible to replace someone's life once it is gone for good.

This question is just showing us that Bitcoin has become the popular medium for criminals to demand money from their victims. Hopefully something can be done about it...one that will not compromise the Bitcoin network but at the same will not allow any possible crime perpetrator to enjoy the fruits of his labor.

Topic: Bitcoin as Ransom - page 8. (Read 3148 times)