Topic: Exchange Hacked - Thief Caught? - page 4. (Read 906 times)
There had been some that were arrested but most are still freely roaming around. Even up to now, we don't get to see news that hackers are being arrested, or if one makes it to the headlines, it goes into obscurity after just a few days. You gotta admit that hackers are careful enough to not get caught. Of course they should be, else their efforts would just go to vain. But yeah, some are really dumb enough to leave traces of the money and get caught afterwards.
Do you really think a hacker would make it easy for the authorities for them to be caught.
They know how to hack, I bet they also prepared on how to get away from it.
They will be traced yes, but it will be a difficult task for the police to catch them. They will be running in circles unless the hacker made a mistake on how the getaway will happen.
They know how to hack, I bet they also prepared on how to get away from it.
They will be traced yes, but it will be a difficult task for the police to catch them. They will be running in circles unless the hacker made a mistake on how the getaway will happen.
there will always be some criminals who will beat the system and escape for good.
many aren't so clever though. just last month, a 21-year old was sentenced to 10 years in prison after he stole $7.5m from dozens of people using a SIM-swapping technique. instead of laying low, this is what he did:
Quote
“After his thefts, Ortiz spent his loot lavishly – including $10,000 nights at Los Angeles clubs, hiring a helicopter to bring him and some friends to a music festival, and on Gucci luggage and clothing.”
some criminals are just born to get caught......
Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
The most accurate answer is "NO" but there are exceptions and I think as Blockchain analysis tools improve, exploits in tumbler code might be found to expose many criminals. I use these services to secure my financial privacy, not to hide any crime, so I sleep like a baby every night.
A lot of criminals make mistakes and they live high above their reported income, so when they are audited by the authorities, the wheels come off and they get caught.
Or simply they just use a tumbler then the problem is solved for them, not unless this tumbler website reveals such details to the authority, eg. IP address, etc. which unlikely to happen.
This has always been the argument against mixing sites by those who canvass Bitcoin as an avenue for fund laundering. One would believe they seem to have a point here. 
Its too easy for hackers to get away by using mixing and converting in and out of privacy coins. Most hackers do not get caught. Its an appealing life for some and they have no remorse for those lives that they destroy. Just think of how many people have died over a lack of money.
This is pretty difficult to track, since the hacker can decide to keep splitting the stolen bitcoin into different wallets to make it more difficult to trace or they can as well use a bitcoin mixer or even convert the bitcoin to a privacy coin in an exchange without their KYC, but if they decided to deposit it in a place they have KYC, they will be tracked down and possibly arrested. Nevertheless, hackers are smart.
As addresses are anonymous it's difficult to track the deL users, thiefs caught are either have their addresses signed somehow or its transactions are traceable for instance a random bitcoin address generator that track IP. If hackers can be easily caught then this beat decentralisation pretty hard. Crypto exchange are risky businessess yet consider those stolen fund are frozen as they cannot use anywhere through legal cash out platforms
Well in some cases yes there are some possibilities if it has been seen and sent to court (proven guilt).
There's also the courts order to return the stolen funds to their rightfull owners and the hacker to pay some big fee even having some sentence applied.
There's also the courts order to return the stolen funds to their rightfull owners and the hacker to pay some big fee even having some sentence applied.
Just look what has happened with the missing bitcoin from binance for example.
No body was caught yet but they do have the wallet addresses and have even followed where some of the funds went to. So it takes time for them to identify would the culprits are and then they can see if the funds are recoverable.
No body was caught yet but they do have the wallet addresses and have even followed where some of the funds went to. So it takes time for them to identify would the culprits are and then they can see if the funds are recoverable.
Though some hackers and scammers got caught by the police but most of the cases hackers are very smart! I can't remember when i saw an Exchange hacker got caught. But I can tell you how many times hackers are went away after hacking huge amounts of money. This year we already seen some big exchange like bithumb, binance, dragonex, Cryptopia got hacked but the hackers are still unknown!
Some cheap hackers were caught in this kind of action but plenty of professional hackers weren't caught or even identified that they are the one behind the attack.
The recent attack in BNB exchange is a work of professional hackers that most of us consider it as blackhat hackers and the BNB team weren't able to even identify the hackers behind it. Therefore it is very important that we need to be very careful in any means as there are many types of attacks and once you fall a victim of it then all your funds will instantly become zero.
The recent attack in BNB exchange is a work of professional hackers that most of us consider it as blackhat hackers and the BNB team weren't able to even identify the hackers behind it. Therefore it is very important that we need to be very careful in any means as there are many types of attacks and once you fall a victim of it then all your funds will instantly become zero.
Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
I think they can be identified and arrested, but it needs a big effort from the law itself and the people inside the institutions because they need to scanning from where the connection has started and they need to investigate every IP connected to the exchanges.They need to know the traffic from the website, and they need to know which wallet address which used for the transaction, what user account they used, and other things.
It's not easy as we can imagine, but if they have good skills in tracing from the evidence, I am sure that they will know who the hackers that steal the coins from the online wallet were.
There's some reports about arrested hackers but there's still someone who's very lucky to runaway with the hack money and still be able to keep doing it again and again., scammers and hackers are being part of this market as they also planned well whatever they wanted to do around.
Once the exchange is hijacked (without passing through an official account / someone else's account) then it will be very difficult to trace, so we cannot trace the theft only by proof of transaction hash
Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
I have seen a lot of exchange hacks in my stay here and i am sure some of them were caught and brought to justice, but majority of the huge hacks were done by professionals or inside job you can call as they were able to steal those big amounts and got away with it, i know everything can be traced but i am not sure how they got away with those hacks.
Not all, there are some cases which hackers were arrested.
Well, that's only the action after the incident, what the exchange should do is the prevention by improving their internal control.
True that no exchange is hack proofed but at least they need to do all the measures to protect the money of their clients.
Binance is even lucky the amount hacked is not big enough that they cannot cover, because if that affects the money of the clients, they will loss their reputation and it's the end of their business.
Well, that's only the action after the incident, what the exchange should do is the prevention by improving their internal control.
True that no exchange is hack proofed but at least they need to do all the measures to protect the money of their clients.
Binance is even lucky the amount hacked is not big enough that they cannot cover, because if that affects the money of the clients, they will loss their reputation and it's the end of their business.
Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
Yes, there are some incidents of hacker stealing crypto being brought to Justice and plenty more where they walk free with pride and money. And in some instances, they were able to bring back the stolen funds without getting the hackers.
But from the many cases of exchange hacking, the average perpetrator was not arrested. Even the police themselves cannot arrest the perpetrators because the decentralized system cannot be traced.
Especially if the perpetrators have hacked a large exchange like binance yesterday, surely they are smarter in hiding their identities and this is one of the weaknesses of the crypto system adopted.
Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
This shall depend on how smart or dumb that hacker is, if he’s smart he’ll make sure to keep those coins away from exchanges and remain anonymous. However if he’s dumb and if he adds those coins to a exchange he’ll be caught immediately. Lastly I’m not aware of any hacker being arrested for stealing funds from the exchanges.
Here's one specific example of an exchange hacker:
https://ambcrypto.com/japans-18-year-old-hacker-faces-criminal-charge-for-involvement-in-15-million-yen-cryptocurrency-hack/
So yeah, they could be caught. They're probably harder to pin down than hackers who target specific user accounts because they likely know what they're doing though. An overwhelming majority of them get away with it, and it's gotten so bad that some people believe that most hacks are inside jobs.
https://ambcrypto.com/japans-18-year-old-hacker-faces-criminal-charge-for-involvement-in-15-million-yen-cryptocurrency-hack/
So yeah, they could be caught. They're probably harder to pin down than hackers who target specific user accounts because they likely know what they're doing though. An overwhelming majority of them get away with it, and it's gotten so bad that some people believe that most hacks are inside jobs.
It depends on how did hackers transferred the stolen funds.
Most of them are smart enough to keep transactions anonymous but there were incidents where hackers are being tracked and arrested.
It also depends on the stolen amount. Authorities focus on bigger amounts rather than small cases.
Most of them are smart enough to keep transactions anonymous but there were incidents where hackers are being tracked and arrested.
It also depends on the stolen amount. Authorities focus on bigger amounts rather than small cases.
Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?
If the number of coins has been stolen is not much, no one would be arrested, it is very hard to know who behind the theft due to the nature of cryptocurrencies is unverifiable.But with the big money, the wallet of Hacker will be advised so it is very hard to spend the stolen money.
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