Topic: Exchange Hacked - Thief Caught? (Read 906 times)
Cryptocurrency is digital asset, which every one need to used a strong private key or password in any exchange, to enable the hacker not to penetrate in towards the exchange personal account, Therefore, it is very difficult to caught hacker if the damage has been done.
Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
I think. It is possible to calculate if there is any detection of the wallet base. For example, they are transferring the wallet from a wallet to any wallet. And who have any identities with those who are involved in this transition. Then it is possible to catch. But the biggest thing is that there is no policy of law. 
Only those not organized hackers or newbies to crypto system will be out in bars because those most hacking that happens here in this space are well knowledgeable and know what they are doing so basically this is harder to be put in captivity
Though there are instances that hackers are out in jail but only few from the many and those many is still enjoying life freely and victimizing more until now
Though there are instances that hackers are out in jail but only few from the many and those many is still enjoying life freely and victimizing more until now
I believe they can be located through advanced blockchain forensics companies like ciphertrace
I don't know but I don't think so
In most of the Exchange Hacking, their is always some insider who helps the hacker to hack the exchange because without their help hackers wont be able to hack big exchanges. If you see previous exchange hacked records then you will find lot of exchange got hacked due to this reason only. In this cases it is very hard to catch the hacker as they are more smart and well prepared with outcome of problems after hacking.
Some good wallets such as :- Zebpay , coinbase etc requires you to submit some documents before you can actually Access the wallet.
Documents like :- Pan card , identity card , address proof etc
Now we all know that if someone made a transaction we can see the address it has been moved to publicly ; People who are able to correlate this address with a verified account may catch the hacker since he or she would leave trails in the blockchain.
Unfortunately then comes wallets like :- Bluewallet and such ; which does not require anything and at the same time the security is also zero. We cannot track those.
Documents like :- Pan card , identity card , address proof etc
Now we all know that if someone made a transaction we can see the address it has been moved to publicly ; People who are able to correlate this address with a verified account may catch the hacker since he or she would leave trails in the blockchain.
Unfortunately then comes wallets like :- Bluewallet and such ; which does not require anything and at the same time the security is also zero. We cannot track those.
Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
Since all transactions on crypto was decentralized it is hard to find out who are those hackers and scammers.. That is only the disadvantage of blockchain... We cant detect those bad guys.. So better make your funds safe..
Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
You can, you have autorithy to report you case if you was hacked and you know who's havker is. But so far, I haven't found an information about it maybe some cases out there ever happened. The difficult way is how you can find the hacker itself? Because you need high skill to looing for or finding the identity of a hacker. 
Exchange hackers brought to justice ? Maybe it's the newbie hacker. Most hackers are never caught and they get away with the stolen funds. Hackers are not dumb to live funds to CoinCasso where it can be stucked. Even if the exchange tracks the stolen funds, it can do anything except watch how the funds are being sold on the market.
well, I have seen a few cases in which hackers are brought to justice, but these are just a handfull of small cases... never seen any responsible for major hacks behind bars... and if we think about it, these major cases are probably done by top hackers... if these guys can hack nasa and fbi, why not a crypto exchange?
But I don't think we can generalize...
But I don't think we can generalize...
Do you know if they caught the people who hacked binance?
The other thing i wonder is this. What do hackers do with these coins? The obviously have to launder it somehow right? I mean if they sell the btc to an exchange and then lot of money withdraw to their bank account, obviously there is suspicion on what is going on. But of course one could say i bought a lot of btc many years ago when it was little price. But the issue here would be they check the wallet address right?
Also in the binance hack, were users btc affected or binance btc affected only?
The other thing i wonder is this. What do hackers do with these coins? The obviously have to launder it somehow right? I mean if they sell the btc to an exchange and then lot of money withdraw to their bank account, obviously there is suspicion on what is going on. But of course one could say i bought a lot of btc many years ago when it was little price. But the issue here would be they check the wallet address right?
Also in the binance hack, were users btc affected or binance btc affected only?
For these hackers there is no doubt about their greatness in hacking one of the big Exchange. They are certainly smart and won't leave a trace though. Moreover, they take huge amounts of money. There will be punishment for these hackers if found out. And I think they won't be negligent in doing the action. I think the exchange will not make compensation for its users, which is why don't store money on exchanges.
Very seldom that we will hear news regarding the whereabouts of thieves and if they ever get caught. And yes, most hackers know how to burn their tracks. So the bottomline, don't let your coins stay long in exchanges. It is better to store it in your own wallets.
For these hackers there is no doubt about their greatness in hacking one of the big Exchange. They are certainly smart and won't leave a trace though. Moreover, they take huge amounts of money. There will be punishment for these hackers if found out. And I think they won't be negligent in doing the action. I think the exchange will not make compensation for its users, which is why don't store money on exchanges.
Hackers are definitely smart but I think the real problem is with the security of exchanges because that's exactly the reason why hackers are targeting them. Exchanges have to be smarter than hackers and find a way to protect their informations better while also create a solution for finding the identity of hackers. Sure, we might think hackers are smart and don't leave traces but in fact they do leave traces behind the only problem being we can't find them.
I'm yet to see one happening. It will be very difficult to trace and arrest these culprits. They are definitely too smart and genius in what they do so it will be very hard. We hope one of these days, they identify one and arrest a hacker
Yeah may be some are arrested i am not sure, but it is very difficult to find out any unauthorized person.. because they do their work very secretly and they are very clever.. very hard to identify them. They used many softwares which we think usable but indeed they are useless..hope so they must caught..
They would need to have compliance implemented into their exchange. AML companies like ciphertrace can work together with KYC firms to identify the location of the wallet and over time the who
For these hackers there is no doubt about their greatness in hacking one of the big Exchange. They are certainly smart and won't leave a trace though. Moreover, they take huge amounts of money. There will be punishment for these hackers if found out. And I think they won't be negligent in doing the action. I think the exchange will not make compensation for its users, which is why don't store money on exchanges.
It seems like cryptopia is that exchange. lol. But I found some news that cryptopia hackers also withdraw the 2000 ethereum recently. I do not know if that news is legit or not. I just saw it from the telegram. However, it is good to see that those thieves were in vain. And they must be! Since many small investors and traders are affected. They must be caught and punished so that no one will do it the same thing.
So far I have never heard directly about the arrest of a thief who hacked an exchange account or wallet. I hope the thieves will be arrested and processed legally, because hacking is very detrimental and disturbing. Don't give space to the hacker's account and stay alert to any fraudulent mode. After hearing news about hacking at binance, I will continue to be more careful.
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