FBI Seizes DPR's personal coins! 144,000 coins! - page 4.

dserrano5

legendary

Activity: 1974

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Quote from: DobZombie on October 26, 2013, 04:32:09 AM

God DPR is a fucking moron. don't get me wrong I'm all for freedom, but bloody hell!

amateur mistake lead to his capture.

really amateur way of letting all his coins get captured.

why didn't he just hide 10,000 in a dozen random places. God I know if I had 20 million I'd hide it in at least 5 different spots.

We don't know whether DPR's fortune is actually e.g. 300k hidden in 2 different wallets, and the FBI could have seized only one of them.

rapidfire187

sr. member

Activity: 252

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!!!INCAKOIN!!!

I wouldnt be suprised if the Cartels didn't put some muscle in getting those coins back. I think we have to think about how powerful the Sinaloa Cartel is. Chances are those coins get back to them. I feel bad for this guy I truly do. Could you imagine what could happen to someone or their family for that matter fucking over the Cartel? I hope this guy lives a happy life in WPP for the rest of his life. The alternatives are not good.

http://en.wikipedia.org/wiki/Sinaloa_Cartel

jabetizo

full member

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The fact that the transfer was made so long after his arrest probably means it took them some time to crack his wallet password. If that's true he probably used a pretty strong but not strong enough for the FBI password...

Inedible

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What doesn't kill you only makes you sicker!

Quote from: Pente on October 26, 2013, 04:47:01 AM

I suspect selling this many coins on one of the markets would drop btc prices by about 50%. Hopefully, they will auction them all off to someone who will just sit on them. The other possibility (and not sure if this is good or bad - really depends on point of view) is that they will use the btc to infiltrate other TOR based drug markets.

And the winning bid for this auction is to Mr. FBI for $12! Congratulations.

Inedible

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What doesn't kill you only makes you sicker!

Quote from: Phinnaeus Gage on October 25, 2013, 11:41:49 PM

When's the last time the FBI made a $50M bust?

What else was seized?

Pente

hero member

Activity: 528

Merit: 527

I suspect selling this many coins on one of the markets would drop btc prices by about 50%. Hopefully, they will auction them all off to someone who will just sit on them. The other possibility (and not sure if this is good or bad - really depends on point of view) is that they will use the btc to infiltrate other TOR based drug markets.

DobZombie

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Activity: 896

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Former curator of The Bitcoin Museum

God DPR is a fucking moron. don't get me wrong I'm all for freedom, but bloody hell!

amateur mistake lead to his capture.

really amateur way of letting all his coins get captured.

why didn't he just hide 10,000 in a dozen random places. God I know if I had 20 million I'd hide it in at least 5 different spots.

I just hope that all the coins are sold off in one go. plummet the price so I can clean up

Taras

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I bet the coins will be auctioned off. One day. This could be a month or a decade from now.

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: Shallow on October 26, 2013, 01:18:24 AM

It's a fail on his part and now that amount could crash the price.

Actually, by having the coins locked up for who knows how long, it increases the exchange rate. When Bitcoin becomes mainstream, it shouldn't have that much of an effect when they're finally liquidated.

Shallow

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SmartFi - EARN, LEND & TRADE

It's a fail on his part and now that amount could crash the price.

LouReed

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Activity: 732

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Nosce te Ipsum

Quote from: Phinnaeus Gage on October 25, 2013, 11:41:49 PM

When's the last time the FBI made a $50M bust?

Exactly! And you barely here about it in the news! None of the alphabet soups even have anything listed anywhere on their websites! I think I might almost be ready to jump aboard the tinfoil hat ship at this point!

Phinnaeus Gage

legendary

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Bitcoin: An Idea Worth Spending

When's the last time the FBI made a $50M bust?

LouReed

hero member

Activity: 732

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Nosce te Ipsum

I'd be willing to bet that these coins are the Silk Road members accounts, and the first seized coins was the escrow wallets. The wallet with the 111,000 coins is his personal wallet, and they will likely never get that one. There's just way too many wallets in this one to be his personal wallet, IMHO.

oakpacific

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We'll know when his sentence is handed out.

Bitweasil

sr. member

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Quote from: User705 on October 25, 2013, 08:00:16 PM

You'd think it would be cold storage. Makes one slightly wonder if this crypto is really as resistant to brute force as claimed.

When done properly, it is quite resistant to brute force. Bitcoin crypto is crypto done incredibly well.

Dabs

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The Concierge of Crypto

He was sloppy. That is all. I am sloppy too, but then, I don't have 144,000 bitcoins. It seems they were all stored all over the place though, distributed amongst several addresses.

Only now is it being sent to one giant FBI controlled address.

If they had the altoid private key (the 111k BTC) they would be sending it to an FBI controlled address too. That's probably in cold storage.

User705

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First 100% Liquid Stablecoin Backed by Gold

You'd think it would be cold storage. Makes one slightly wonder if this crypto is really as resistant to brute force as claimed.

pedrog

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Quote from: winnate on October 25, 2013, 07:44:48 PM

He probably wrote the password on a sticky note on his computer...

Or stored it in his gmail account...

winnate

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He probably wrote the password on a sticky note on his computer...

🏰 TradeFortress 🏰

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Quote from: jwzguy on October 25, 2013, 06:54:21 PM

Quote from: ?? on ??

I am going to go out on a limb here and say that they will not use mtgox to liquidate these coins. Wink

Would be hilarious if they did and Mtgox froze them indefinitely. "Sorry, we need to see your power bill."

Mt.Gox Support, Apr 06 13:09 (JST):

Hello Alex,

Thank you for your inquiry. Our support staff is away and will be giving updates in 2 weeks.

Our apologies for the inconvenience caused. Please let us know if you require any further assistance.

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Topic: FBI Seizes DPR's personal coins! 144,000 coins! - page 4. (Read 9328 times)