Topic: CCTV: HK billionaire kidnapped and ransom asked to be paid in bitcoin (Read 1757 times)
October 30, 2015, 08:46:49 PM
I guess criminals are now getting into the bitcoin business. I wonder how he got that amount of bitcoin, I guess he's a billionaire after all.
October 30, 2015, 10:54:14 AM
It would publicly available where those bitcoins are transferred. I wonder how they will be able to cash out all 30k without being caught?
i think they can trace out then i think you cannot trace out where the bitcoins went because by the address you cannot find who is owning and where it went. ya but now if any new security is launched then cannot say about it. and i think the kidnapper would sooonly sell the bitcoin they will hold for long and then will sell slowly.
October 30, 2015, 01:29:04 AM
It would publicly available where those bitcoins are transferred. I wonder how they will be able to cash out all 30k without being caught?
October 30, 2015, 01:02:08 AM
I bet that mother fuckers sucurity detail will be better than the US Presidents for the rest of his life.
October 30, 2015, 12:45:58 AM
These guys watch too much movies... It would be better for them to demand this in international wire transfers to offshore bank accounts or to take this in smaller quantities in
many different locations. They are after all linked to Triad gangs and can easily force someone to do the pickups for them and have zero chance of being captured.
Bitcoin is absolutely the worst way to pay ransom demands... if they want to convert it to fiat to fund their other operations. Crazy stuff.... and nowhere close to the best
option for this kind of thing. Roll Eyes
many different locations. They are after all linked to Triad gangs and can easily force someone to do the pickups for them and have zero chance of being captured.
Bitcoin is absolutely the worst way to pay ransom demands... if they want to convert it to fiat to fund their other operations. Crazy stuff.... and nowhere close to the best
option for this kind of thing. Roll Eyes
October 29, 2015, 05:09:33 PM
This surely doesn't help improve the image of bitcoin, surely the kidnappers studied the case, sad to see they were successful. Even if they get caught, it likely wouldn't be possible the funds as it's so easy to launder bitcoin.
October 29, 2015, 05:07:35 PM
I hope this won't start an epidemic of bitcoin kidnappings... that wouldn't be a thing we'd want to be connected with.
The only thing that's worrysome is obviously the media and how they will attach bitcoin to crime and how it makes it easier, etc, when cash has been doing that for the last centuries.
The only thing that's worrysome is obviously the media and how they will attach bitcoin to crime and how it makes it easier, etc, when cash has been doing that for the last centuries.
October 29, 2015, 04:12:16 PM
They wanted to do something original, they wanted to pump Bitcoin, so if they asked for about 30K now BTC would be probably like 370?
Oh well, bad guys, you have been bad guys to kidnap someone only to become bitcoin rich!
I disapprove their actions in all the possible ways... they could have worked to earn them honestly and look what they did.
Oh well, bad guys, you have been bad guys to kidnap someone only to become bitcoin rich!
I disapprove their actions in all the possible ways... they could have worked to earn them honestly and look what they did.
October 29, 2015, 03:35:03 PM
Quote
The kidnappers had threatened to harm Wong as his family had paid only HK$13 million by the ransom deadline on Friday, putting pressure on police to take action.
So the family did made payment which was about 13-14K in bitcoin. I wonder how they obtained the bitcoin from. Maybe this was the reason that we are seeing a small pump tat the moment...
That's the first story I read that says Wong's family paid the gang some Bitcoins. It's highly probable they brought them from Chinese Bitcoin exchanges, and it could have helped pump the price, especially if Wong's family brought more Bitcoins as a safeguard in case the police raid didn't find Wong when they stormed the house.
October 29, 2015, 02:20:12 PM
Why do they pick bitcoin vs a pile of cash isn't it more likely they will get traced via bitcoin. Address now linked to them forever with cash you could slowly filter it out into circulation.
October 29, 2015, 02:14:45 PM
I can see how this is not very good news for Bitcoin's public image, but it truly has nothing to do with Bitcoin. It could have happened with cash, etc...
October 29, 2015, 02:13:17 PM
The billionaire made his money from similar triad activities and I find it hard to believe that this may be as black and white as it seems.
October 29, 2015, 02:09:04 PM
This is why you should not flaunt your wealth, if you have any. By doing so you essentially paint a target on your back. Maybe not for a kidnapping of this nature but for various other crimes i.e. housebreaking etc..
People like to speak about the 'rich' friends they have and or people they know and you never know who is party to those conversations when your name might come up. So best to fly under the radar and keep your financial information to yourself as far as possible.
People like to speak about the 'rich' friends they have and or people they know and you never know who is party to those conversations when your name might come up. So best to fly under the radar and keep your financial information to yourself as far as possible.
Indeed, I don't have these problems because im yet another 9-5 brick in the wall but if I was rich I would never flaunt it. I also don't recommend saying that you have any bitcoins to be honest.. you never know how high Bitcoin can go. If it goes to 100K or something then people may remember you once said "I have X Bitcoin" and they will know that now you are almost or a millionaire.
October 29, 2015, 01:27:12 PM
I just have one thing to say: LOL!
October 29, 2015, 10:31:59 AM
These guys watch too much movies... It would be better for them to demand this in international wire transfers to offshore bank accounts or to take this in smaller quantities in
many different locations. They are after all linked to Triad gangs and can easily force someone to do the pickups for them and have zero chance of being captured.
Bitcoin is absolutely the worst way to pay ransom demands... if they want to convert it to fiat to fund their other operations. Crazy stuff.... and nowhere close to the best
option for this kind of thing.
many different locations. They are after all linked to Triad gangs and can easily force someone to do the pickups for them and have zero chance of being captured.
Bitcoin is absolutely the worst way to pay ransom demands... if they want to convert it to fiat to fund their other operations. Crazy stuff.... and nowhere close to the best
option for this kind of thing.
October 29, 2015, 09:07:32 AM
Another bad publication of bitcoin... sigh...
This is nonsense. Do you know how many kidnappers had been in fiat over the last several decades?! Or where millions of dollars had to be wire transferred to offshore bank accounts which had been hold by dubious shell companies where nobody knows who's the person behind that?!
October 29, 2015, 05:30:21 AM
Another bad publication of bitcoin... sigh...
people are adult enough to undertsand that this has nothing to do with bitcoin, and it's just one random crazy guy that want a quick buy, if they cannot
then we don't need their help to sustain bitcoin in the long terms
October 29, 2015, 05:29:22 AM
Another bad publication of bitcoin... sigh...
I don't understand your comment or your reasoning? What exactly can we do about it? What exactly could Internet makers and early users of the Internet do when Internet was being used for bad stuff at its inception and even today.
Every thing that gets created in this world, every thing has its good and bad sides. If we concentrated only on bad sides, where we would be? Yes planes do crash! Are they bad because of this, no! Should we stop using them because of this, no! Have they facilitated our lives and improved them, of course!
October 29, 2015, 05:29:19 AM
I'm also questioning myself if this has anything to do with the surge in price... Although the money might have been paid in fiat, and it might not be too much to have risen the volume like it did. Anyone with exchange statics proving this?
As for the kidnap itself, well... Possibly some tricky business going on there, but that's not Bitcoin related
As for the kidnap itself, well... Possibly some tricky business going on there, but that's not Bitcoin related
October 29, 2015, 05:24:19 AM
Another bad publication of bitcoin... sigh...
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