Bitfinex Seeks Communication With Bitcoin Thief - page 3.

clickerz

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Quote from: calkob on October 24, 2016, 10:51:58 AM

i doubt they will even make contact, why would you its to risky, does anyone know the address that the bitcoins ended up at?

I think this is a good questions so that we can check on blockchain where those bitcoins go and where it is re-deposited. How much is left,or the bitfenx is telling the truth. Hope they will reveal the address.

calkob

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i doubt they will even make contact, why would you its to risky, does anyone know the address that the bitcoins ended up at?

pawel7777

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There's no harm in trying. Bitfinex are trying to show that they're doing all they can to get the users' money back.

Chances are slim, but it's better than doing nothing. The hacker surely can mix all that bitcoins eventually, but he'll have a hard time laundering the money. If the "bounty" is high enough and if Bitfinex agrees not to press any charges, the offer could be very attractive to the hacker.

From the article:

Quote

If the hacker chooses this communication route, the two parties can discuss within any one of the “2072 addresses currently holding the bitcoins in question.”

Are these addresses publically known? Have the coins moved since the hack?

Junko

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This seems like a futile endeavor. Do they really think the alleged thieves would somehow have a change of heart and return any of the stolen bitcoins? Yeah, right. I guess it can't hurt to try, but still. As an earlier poster said, it's more likely a smoke screen to cover up an inside job.

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Quote from: LFC_Bitcoin on October 24, 2016, 10:04:32 AM

Maybe the hacker can't use/spend the stolen coins without being detected by authorities so Bitfinex are offering some kind of reward, some kind of bitcoin sum to return the stolen coins. I guess that could work.

I don't think hackers can't use those stolen bitcoins because there are many bitcoin mixing services even in darkwebs which they can use so that their bitcoin addresses can't be detected by any services afterwards. And looking at how they have easily got access to bitfinex funds, i am quite sure they have already exchanged some of those hacked bitcoin somehow by now but i also doubt them being able to exchange all of those.

LFC_Bitcoin

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Maybe the hacker can't use/spend the stolen coins without being detected by authorities so Bitfinex are offering some kind of reward, some kind of bitcoin sum to return the stolen coins. I guess that could work.

clickerz

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Quote from: Posternut on October 24, 2016, 07:41:38 AM

On August 2nd the Hong Kong-based Bitcoin exchange Bitfinex was compromised for roughly $70 million worth of Bitcoin. According to sources, the attacker managed to drain the exchange through its multi-signature security — gaining 120,000 BTC from the breach. Now the exchange is trying to reach out to the responsible party in an attempt to get its customers’ Bitcoin returned.

https://news.bitcoin.com/bitfinex-seeks-bitcoin-thief/

Quote from: ABCbits on October 24, 2016, 07:48:27 AM

Most likely the thief/hacker won't returned the stolen bitcoin, in fact i doubt the thief/hacker would communicate "anonymously" Roll Eyes

Of course,the thief is possibly enjoying his loot,why he should returned. Grin

I do not know if the report is correct, or they just giving a false hope to their angry clients.This is a big breach amounting to $70 millions.There should be a strenuous investigations and let the perpetrators face their wrongdoings.

Is there a possibility that it is an inside job?

tiggytomb

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They could offer the person a job, I think back in the day when the ps3 was hacked Sony offered the guy a job in their security team

~Bitcoin~

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Last time when hacker was trying to communicate with bitfinex and reach an agreeable amount they didn't give enough attention and now they seeking to communicate again.

I don't think hacker will again keep wasting time, it was suggested before also bitfinex to be a little bit flexible with hacker to get atleast half of the users funds securely which may atleast limit losses of users but they don't care that much that time. Now they are being desperate Grin

What could be the agreeable percentage between hacker and bitfinex to settle this down, how much flexible will be bitfinex this time?
I think they may not offer more than 10%.

Snorek

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If they couldn't track that hacker by now then trying to reach to him now seems like a desperate move.
I guess Bitfinex is doing this not because they believe the stolen bitcoins can be returned, but to show that they are doing something.
Whoever stole the bitcoin will wait patiently for couple years until the case is no longer a hot topic and them will live happily ever after.

yayayo

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It seems to be a desperate attempt by Bitfinex to get at least part of the funds back. But I doubt it will work, because the hacker would have to trust Bitfinex that he is not exposed to risk of identification. Even if Bitfinex enters a deal with the hacker this won't stop the ongoing investigations by law enforcement.
But first of all it's questionable in the first place that the hacker has any motivation to make a deal, because he may have already washed all his coins and has zero problems spending them.

The whole announcement might even be a red herring, assuming that the alleged "hack" was an inside job by the Bitfinex operators...

ya.ya.yo!

ABCbits

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Quote from: Posternut on October 24, 2016, 07:41:38 AM

On August 2nd the Hong Kong-based Bitcoin exchange Bitfinex was compromised for roughly $70 million worth of Bitcoin. According to sources, the attacker managed to drain the exchange through its multi-signature security — gaining 120,000 BTC from the breach. Now the exchange is trying to reach out to the responsible party in an attempt to get its customers’ Bitcoin returned.

https://news.bitcoin.com/bitfinex-seeks-bitcoin-thief/

Most likely the thief/hacker won't returned the stolen bitcoin, in fact i doubt the thief/hacker would communicate "anonymously" Roll Eyes

Posternut

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On August 2nd the Hong Kong-based Bitcoin exchange Bitfinex was compromised for roughly $70 million worth of Bitcoin. According to sources, the attacker managed to drain the exchange through its multi-signature security — gaining 120,000 BTC from the breach. Now the exchange is trying to reach out to the responsible party in an attempt to get its customers’ Bitcoin returned.

https://news.bitcoin.com/bitfinex-seeks-bitcoin-thief/

Topic: Bitfinex Seeks Communication With Bitcoin Thief - page 3. (Read 1753 times)