Exchange Hacked - Thief Caught? - page 5.

Haunebu

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Quote from: killat on May 15, 2019, 01:04:11 AM

Quote from: Kongxx on May 14, 2019, 09:07:59 PM

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

Everyone thinks that crypto regulation is wrong. This is why thieves are not being caught, as authorities don't give a sh** about it. They care about what happens to regulated operations.

It goes both ways. This would help with scammers getting caught and it would reduce this menace, but it would also affect thousands of investors who wish to conduct their financial transactions online anonymously basically chasing them away which would push adoption downwards.

Overall, regulation does help, but it also has its disadvantages as I mentioned.

niisarearning

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Quote from: Kongxx on May 14, 2019, 09:07:59 PM

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

Which exchange hack your talking about Cryptopia or Binance . As far my understanding nobody caught till now . We have seen several hacks including Ehterdelta was the major crypto currency exchange then Myetherwallet was the major web ethereum wallet . Nobody caught till now based on my research .

phamminhtan

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Maybe, if they use an identifiable wallet, in another example they use an anonymous wallet, it is impossible to find them and detain them.

okala

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Quote from: Kongxx on May 14, 2019, 09:07:59 PM

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

In most cases hackers that hack cryptocurrency exchanges get away with it this is due to the fact that cryptocurrencies are anonymous in nature and because of this it hard for the hackers to be trace and apprehended, but despite this high privacy in cryptocurrency the are few cases where the thief's are caught due to intelligence gathering.

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Quote from: Kongxx on May 14, 2019, 09:07:59 PM

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

Depends, but if the hackers who steal coins is only hacked 1 person, usually it will be hard to be identified because you don't know who is the hacker, you only can track it to which address your coins go.

If the hackers hack a big exchange maybe it can be identified, i don't know if binance know who is hacked their site though.

Reid

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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.
Plus, they dont spend it at the same time. That is why it takes time for it to cool down while the authorities are still on alert. Hacker will think it is all clear.

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Quote from: Kongxx on May 14, 2019, 09:07:59 PM

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. Wink

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.

XCANA

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Quote from: Kongxx on May 14, 2019, 09:07:59 PM

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

Those who are professionals know what to do whenever it come to data erasement after a successful hack. Cleaning the mess after hack make it impossible and at the sometime possible for a trace, many have been traced and arrested before now

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killat

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Quote from: Kongxx on May 14, 2019, 09:07:59 PM

Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

Everyone thinks that crypto regulation is wrong. This is why thieves are not being caught, as authorities don't give a sh** about it. They care about what happens to regulated operations.

Ailmand

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Quote from: mk4 on May 14, 2019, 09:43:15 PM

It completely depends. If they moved the stolen funds on a custodial wallet or exchange like Coinbase, whereas your wallet address is actually tied to a person, then yes. But mostly hackers are smart enough to not move funds to a custodial wallet. They can simply move the stolen funds to a decent non-custodial wallet and they would pretty much stay anonymous unless they do something stupid.

Even if culprits use such wallets to cash-out what they stole, thieves are not dumb enough to use their legitimate identity if they know using wallets with KYC procedure will divulge their true identity. The culprits can use accounts that are stolen, bought accounts, or accounts with fake identity to cash them out.

bL4nkcode

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Quote from: mk4 on May 14, 2019, 09:43:15 PM

They can simply move the stolen funds to a decent non-custodial wallet and they would pretty much stay anonymous unless they do something stupid.

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.

mk4

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It completely depends. If they moved the stolen funds on a custodial wallet or exchange like Coinbase, whereas your wallet address is actually tied to a person, then yes. But mostly hackers are smart enough to not move funds to a custodial wallet. They can simply move the stolen funds to a decent non-custodial wallet and they would pretty much stay anonymous unless they do something stupid.

Nalbo

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Quote from: Kongxx on May 14, 2019, 09:07:59 PM

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.

Kongxx

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Can those hackers who steal coins from online wallets be identified and arrested? Any news before that anybody were arrested?

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