Topic: If the FBI wallet with 141,000 bitcoins was stolen what would happen? :o (Read 726 times)
June 14, 2022, 07:41:20 AM
I suppose brainy folks are making sure they keep them secure. It would really be a pity if someone somehow would steal them. I don't doubt these people know well how they're protecting them from greedy hands. By the way, I'm not sure it's the appropriate place to share this article (https://www.jdsupra.com/legalnews/i-received-a-finra-8210-letter-now-what-5734433/) with you; however, if you receive FINRA 8210 letters, you'd have some knowledge about how to deal with them and what to answer back. All the best!
March 25, 2021, 02:35:33 PM
Lots of dust attacks from that wallet and associate ones.
March 24, 2021, 02:38:46 PM
Ok, do you think the FBI will just using 1 wallet to store all their Bitcoin?? No that's is fool act, storing huge money in only 1 storage. So FBI will use so many wallets to store their Bitcoin. Stop think something like this, Useless
It looks like they are storing all of these coins in a single wallet. At least the OP thinks so and he has posted the wallet address (35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP). Now I am not sure whether this wallet belongs to the FBI or not, but at this point it contains some BTC138453.30. Anyway, the entire conversation is unproductive. For me, it is practically impossible to even think about a possibility of hacking in to this wallet.
On the owner of such wallet then he wont really be that dumb enough to forget those keys to access those funds.Hacking it forcefully is something on the impossible side.
When in the talks of selling out those number of coins?Do looks simple but selling it on one go would be a sure headache into that hacker.
Also, it would really be on tight surveillance and seriously tracked on any outgoing or incoming transactions on said wallet.
March 23, 2021, 11:43:15 PM
Ok, do you think the FBI will just using 1 wallet to store all their Bitcoin?? No that's is fool act, storing huge money in only 1 storage. So FBI will use so many wallets to store their Bitcoin. Stop think something like this, Useless
It looks like they are storing all of these coins in a single wallet. At least the OP thinks so and he has posted the wallet address (35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP). Now I am not sure whether this wallet belongs to the FBI or not, but at this point it contains some BTC138453.30. Anyway, the entire conversation is unproductive. For me, it is practically impossible to even think about a possibility of hacking in to this wallet.
March 23, 2021, 03:41:56 PM
We talk if here, and I think will be a useless conversation.. But..
Ok, do you think the FBI will just using 1 wallet to store all their Bitcoin?? No that's is fool act, storing huge money in only 1 storage. So FBI will use so many wallets to store their Bitcoin. Stop think something like this, Useless
Ok, do you think the FBI will just using 1 wallet to store all their Bitcoin?? No that's is fool act, storing huge money in only 1 storage. So FBI will use so many wallets to store their Bitcoin. Stop think something like this, Useless
March 23, 2021, 09:22:17 AM
If that’ll happen then we will probably know because there’d be a transaction worth $7Billion. Lol And for sure it’ll be a big turn of events around the FBI if someone will try to hack them too. But the big problem for them is that it is untraceable, they wouldn’t know where it’ll be going and to whom.
March 22, 2021, 05:41:39 PM
That's is a huge amount of Bitcoin, and if the hacker sells it immediately we will see a massive drop of Bitcoin price. But they hack BItcoin it means they know that Bitcoin is a great investment, they will not sell it immediately but also will hold it for the long term.
March 22, 2021, 05:45:31 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
If there is a hack it's going to be an inside job, FBI is the most secured website and they have the most secured files, if there is an intrusion the FBI can trace that whoever it is or are and where it is coming from, you have seen on movies how powerful FBI is, the crash is unlikely because where the funds are going it can be traced and they will be caught who will do it, even if it's an individual or group or country.
March 22, 2021, 01:42:14 AM
Ok guys, that was just my curiosity. I'm obviously not planning to steal this FBI wallet.
Thanks for your contributions!
Thanks for your contributions!
Even if you have a plan to hacked it or anyone wants to hacked it, you are endangering your lives and your love ones, they have all the tools and the people to chase you even if you go to Mars, they will go after you, they will even put a bounty in your head, it's not worth the risk, their Bitcoin in exchange for your freedom and your life.
This is traceable so it will be public knowledge but they could still try to deny it. There are nations in the world where there is no extradition as well, like Brazil for example as closest, so you could steal and be there and they wouldn't be capable of getting you charged with anything. Long story short it would be very very difficult, like insanely difficult, but it wouldn't be impossible, it would be movie levels of difficulty with a tiny fraction chance of actually doing it.
March 21, 2021, 01:16:37 PM
Even if you have a plan to hacked it or anyone wants to hacked it, you are endangering your lives and your love ones, they have all the tools and the people to chase you even if you go to Mars, they will go after you, they will even put a bounty in your head, it's not worth the risk, their Bitcoin in exchange for your freedom and your life.
Some hacker may try to steal the coins, not for profit but as a protest. And as long as he doesn't convert this stash to fiat cash, the chances of FBI finding out his real identity is really low (still not zero, since we all know the capabilities of the FBI). All you need is the private key to the Bitcoin wallet (good luck with that). They may be storing their coins in some secure cold wallet and if you want to break in to their wallet, it will take some serious effort. That is the toughest part. Once you can access the coins, you can move the coins to another wallet and keep it there for the next 50 years.
March 21, 2021, 12:52:28 PM
If the FBI wallet with 141,000 bitcoins was stolen what would happen?
Those coins would be blacklisted and all USA exchanges or exchanges in countries where USA have political influence would block those wallets and coins on them. The moment someone would deposit those coins on exchange their account would be blocked and authorities informed.
Bitcoin is not fungible. Every coin have history and different value.
March 21, 2021, 05:33:23 AM
Ok guys, that was just my curiosity. I'm obviously not planning to steal this FBI wallet.
Thanks for your contributions!
Thanks for your contributions!
Even if you have a plan to hacked it or anyone wants to hacked it, you are endangering your lives and your love ones, they have all the tools and the people to chase you even if you go to Mars, they will go after you, they will even put a bounty in your head, it's not worth the risk, their Bitcoin in exchange for your freedom and your life.
March 19, 2021, 04:33:07 PM
Ok guys, that was just my curiosity. I'm obviously not planning to steal this FBI wallet.
Thanks for your contributions!
Even if you do have the plans, your entire lifetime wont be enough to bruteforcing those keys. Thanks for your contributions!
I would rather stop dreaming to be rich on just stealing those coins and make my life extravagant. When it comes to sell out those bulk numbers by FBI
itself then expect for some market correction on high percentage which is just a casual stuff when there's a huge sell is happening
even though after that here's come the recovery.
March 19, 2021, 10:27:00 AM
Ok guys, that was just my curiosity. I'm obviously not planning to steal this FBI wallet.
Thanks for your contributions!
Thanks for your contributions!
March 13, 2021, 05:40:02 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
FBI has a huge network, they employ the best tracker and coder, they are good at tracking anyone, anywhere I doubt the hacker can escape FBI, erven if the hacker is living in a very remote area, the FBI can use satellite to tracks hackers and besides, how a hacker can cashout the hacked and amount when FBI has a huge network they can block access to where they are going to transfer it.
March 13, 2021, 12:05:19 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
I would pray this will happen , so for sure the "WAR" against hackers will start in massive action .At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
In this way I am sure that the best equipment will be use to find them all and stop their activities .
March 12, 2021, 11:32:03 PM
The thief should think twice if he would going to push it through or not because FBI will definitely hunt him and the mere fact also that tracing transactions via online will be easily traced. Hence, what i am really imposing was the impossibility that FBI wallet could be hacked because i do believ le that they have their own kind of IT supports, a well enhanced skills worker working on to make a well secured cyber security to prevent their wallet from hacking and i am also doubting if do FBI really had a 141 000 BTC owned??
Hacked is not impossible, but staying hacked could be very very difficult. After all, it is just FBI and people hacked them before, I remember multiple times their website was hacked just as a proof of force, and they are constantly getting attacked on their sensitive information as well, we all know what happens with those, wallet doesn't seem any different, it is not piece of cake obviously, you need a lot of talent and resources to actually pull something like that off but it is not impossible, you could hack them, we are talking about a huge team with a lot money and machinery to pull it off but when we are talking about 141k bitcoins that seems like a small thing to pay.However after it is hacked, the real challenge begins, if you are in brazil or china where USA can't do anything to you, it may work but even in those places they end up paying the right people to end your run, so after the hacking, things can get messy.
March 12, 2021, 04:47:46 PM
*sorry if I missed something but is it really the Bitcoin FBI wallet...
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
I remember years ago they auctioned off confiscated coins. You could buy them at a mild discount if you took the lot...
That was with the silk road bust...
https://www.theguardian.com/technology/2014/jun/24/us-auction-seized-silk-road-bitcoins
https://www.thedailybeast.com/cheats/2014/06/13/fbi-to-auction-silk-road-bitcoins
Is there any guarantee that you wont be in prison once you do have these funds?
I’d keep the receipt in my safe
March 12, 2021, 03:53:53 PM
*sorry if I missed something but is it really the Bitcoin FBI wallet...
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
I remember years ago they auctioned off confiscated coins. You could buy them at a mild discount if you took the lot...
That was with the silk road bust...
https://www.theguardian.com/technology/2014/jun/24/us-auction-seized-silk-road-bitcoins
https://www.thedailybeast.com/cheats/2014/06/13/fbi-to-auction-silk-road-bitcoins
Is there any guarantee that you wont be in prison once you do have these funds?
March 12, 2021, 10:54:28 AM
they moved a ton of coins in Oct and Nov 2020 to this address
https://www.blockchain.com/btc/address/1NjhTx5Uu9aH6A1kjdnvRN96sUtUqAwAxE
that address did big moves to some addresses in this tx
https://www.blockchain.com/btc/tx/8a2a802733d1beace4a5ddd4aa598ecb3b181db0b4b83acd8963cb5517e4480a
https://www.blockchain.com/btc/address/17cwWT84KFoSjW19GByKNhD8dCUqtPRC7U
https://www.blockchain.com/btc/address/16Cn9u31P3NEi76MS7BExn24XEdabcotmT
about 88 btc combined.
Frankly it is interesting to see 141 billion sitting peacefully in 1 address.
I think it is set as a target on purpose since cracking the wallet and ripping it off would be a big blow to BTC.
https://www.blockchain.com/btc/address/1NjhTx5Uu9aH6A1kjdnvRN96sUtUqAwAxE
that address did big moves to some addresses in this tx
https://www.blockchain.com/btc/tx/8a2a802733d1beace4a5ddd4aa598ecb3b181db0b4b83acd8963cb5517e4480a
https://www.blockchain.com/btc/address/17cwWT84KFoSjW19GByKNhD8dCUqtPRC7U
https://www.blockchain.com/btc/address/16Cn9u31P3NEi76MS7BExn24XEdabcotmT
about 88 btc combined.
Frankly it is interesting to see 141 billion sitting peacefully in 1 address.
I think it is set as a target on purpose since cracking the wallet and ripping it off would be a big blow to BTC.
March 12, 2021, 10:27:05 AM
the thief defintely gonna be the center of attention for real, thought I very much doubt any people could steal it since it's the FBI we are talking about
but maybe that guy gonna seek refuuge in a third world countries where law enforcement is kinda law.
FBI on the other hand definitely not let this case down the drain, and gonna be a phenomenal too in many of medias.
but maybe that guy gonna seek refuuge in a third world countries where law enforcement is kinda law.
FBI on the other hand definitely not let this case down the drain, and gonna be a phenomenal too in many of medias.
The thief should think twice if he would going to push it through or not because FBI will definitely hunt him and the mere fact also that tracing transactions via online will be easily traced. Hence, what i am really imposing was the impossibility that FBI wallet could be hacked because i do believ le that they have their own kind of IT supports, a well enhanced skills worker working on to make a well secured cyber security to prevent their wallet from hacking and i am also doubting if do FBI really had a 141 000 BTC owned??
March 11, 2021, 04:35:46 AM
If even someone manages to steal these 141k bitcoins, first he wont even realise he is stealing from FBI. Doubt that these addresses are marked somehow, or are known to public. Or something thinks that FBI wallet addresses starts with 1FBI.... or bc1FBI....3FBI... ? Second - FBI wont make this official. Community wont even know that FBI got robbed.
That someone that is going to steal the bitcoin will know that he/she is stealing from FBI because the only logical place that you would put those wallets containing the bitcoin is the evidence room of the FBI. Well, not disclosing the robbery to the public will help with the investigation in a way that the culprit is going to think that he/she got away with the heist which makes them lower their guard and make a sloppy decision which could end up getting themselves caught. Second - FBI wont make this official. Community wont even know that FBI got robbed. March 11, 2021, 03:27:25 AM
the thief defintely gonna be the center of attention for real, thought I very much doubt any people could steal it since it's the FBI we are talking about
but maybe that guy gonna seek refuuge in a third world countries where law enforcement is kinda law.
FBI on the other hand definitely not let this case down the drain, and gonna be a phenomenal too in many of medias.
Even if you are someone who is capable of hacking FBI and getting that money, like as in if you had that talent if you want to, there is the fact that you just stole 141k bitcoins from the FBI fact, it would mean that you would have to be on the run forever because these type of huge organizations always leaves at least one officer looking for you with all their power, and this is forever, on the early days there will be dozens of people looking for you, basically you can't even breath with ease until your last breath, that is why it makes no sense to do something like this.but maybe that guy gonna seek refuuge in a third world countries where law enforcement is kinda law.
FBI on the other hand definitely not let this case down the drain, and gonna be a phenomenal too in many of medias.
Not because it is not ethical or anything, FBI is not ethical to begin with, I hope their money is stolen from them, that would be better for the world if that money is not at the hands of FBI, but even with that we are talking about something that would make you wanted forever, I think no person would take that risk.
March 10, 2021, 11:30:08 PM
Most coins which are stolen from a large hack are rarely sold for fiat, reason being that its just way too easy to trace and you can easily get caught that way. Remember when ETH got hacked and ETC was created. A little while later that hacker sent the funds to Shapeshift and managed to sell a little but eventually they blocked his addresses.
Same with the other hacks. Remember Bitfinex hack? They move very little coins here and there but eventually most of the stolen coins are just sitting somewhere doing nothing. They are waiting for some type of upgrade that would bring privacy to bitcoin transaction and maybe then they will move the coins.
Same with the other hacks. Remember Bitfinex hack? They move very little coins here and there but eventually most of the stolen coins are just sitting somewhere doing nothing. They are waiting for some type of upgrade that would bring privacy to bitcoin transaction and maybe then they will move the coins.
March 10, 2021, 10:53:38 AM
If even someone manages to steal these 141k bitcoins, first he wont even realise he is stealing from FBI. Doubt that these addresses are marked somehow, or are known to public. Or something thinks that FBI wallet addresses starts with 1FBI.... or bc1FBI....3FBI... ? Second - FBI wont make this official. Community wont even know that FBI got robbed.
Second - FBI wont make this official. Community wont even know that FBI got robbed. 
March 10, 2021, 10:27:48 AM
the thief defintely gonna be the center of attention for real, thought I very much doubt any people could steal it since it's the FBI we are talking about
but maybe that guy gonna seek refuuge in a third world countries where law enforcement is kinda law.
FBI on the other hand definitely not let this case down the drain, and gonna be a phenomenal too in many of medias.
As long as that thief can hide his identity, he will not get attention from the public, and maybe he can use that funds for himself. That will not be an easy task for the thief to steal that funds because the FBI will not let anyone close to that funds, and they will take care with full power. So the thief needs a high-skills to steal that funds, and they can hope that they can succeed. but maybe that guy gonna seek refuuge in a third world countries where law enforcement is kinda law.
FBI on the other hand definitely not let this case down the drain, and gonna be a phenomenal too in many of medias.
March 10, 2021, 08:29:28 AM
Dump it to the wallet of someone you don’t like and watch them get hunted down
Yeah.. as if the FBI is full of retarded people who can't track down all the transactions and understand the intention behind it. If you move your stolen coins, you will be moving them to a fresh wallet which can't be traced back to anyone. If you transfer your coins to a known wallet, then it will immediately raise red flags. In the end, not only you will lose those coins, but you will be tracked down and thrown to some dark prison cell for the remainder of your life (ask Ross Ulbricht or Blake Benthall how they're feeling right now).
March 10, 2021, 08:02:26 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
I'm sure there are many looking for a chance in doing this targeting the FBI Holdings of crypto not only Bitcoin.At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
But the problem is how day can do ? are they capable enough or the FBI is fool enough to be hacked?
but if this happens i'm sure this is one of the Best headlights that will comes to news because one of the safest establishments in the world will be victimized by hackers.
*sorry if I missed something but is it really the Bitcoin FBI wallet...
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
Yes they can but there is a process needs to be done , because if none then surely it has been sold .I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
Or maybe the American Government is considering those amount as their Bitcoin Holding ?
Who knows ...!!!!
March 10, 2021, 05:25:02 AM
Short answer is it doesn't matter, 7bn isnt enough any more. However it matters in terms of news and perception to the idea of security and reliability that BTC offers, people wont doubt FBI before they doubt crypto though its well known that human error is the most common computer problem. I always argue in favour of usability but thats how it is anyhow.
The only effect from a wallet compromise like this is change in liquidity and presumably the coins all get released immediately and sold which means a possible blip lower but overall its not important
That's the greatest thing about this increase, 7 141k bitcoins sold would have destroyed the market just a year ago, today it would hurt us like a correction but we would recover within a month and companies would buy all of that if they were offered with just a bit of a discount. Tell people that you will sell it for 40k and it will be gone within an hour, all bought up, so the price will not go down too much, maybe towards 40k at worst case but that's it, we were 43k just 2 weeks ago and now we are way over 50k once again getting closer to all time high price again.The only effect from a wallet compromise like this is change in liquidity and presumably the coins all get released immediately and sold which means a possible blip lower but overall its not important
So, that shows the world that we are doing fine and if this money was stolen somehow (stealing from FBI seems as unreasonable move as it gets) it would basically mean that we would have one bad correction for few weeks and be back on top again, that is why the current situation we are in is awesome.
March 10, 2021, 04:57:30 AM
the thief defintely gonna be the center of attention for real, thought I very much doubt any people could steal it since it's the FBI we are talking about
but maybe that guy gonna seek refuuge in a third world countries where law enforcement is kinda law.
FBI on the other hand definitely not let this case down the drain, and gonna be a phenomenal too in many of medias.
but maybe that guy gonna seek refuuge in a third world countries where law enforcement is kinda law.
FBI on the other hand definitely not let this case down the drain, and gonna be a phenomenal too in many of medias.
March 09, 2021, 04:49:20 PM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
I think that if that amount of Bitcoins were stolen they would start to sell little by little, if they make a massive sale it would not only lower the market a little, but it would be very easy to track and reach the thieves. If you use a mixer it would be the only way they could mislead, however they would use the deepweb also with exchanges that do not request KYC or they would use monero.
I think that the encryption for the private keys of these wallets must have many owners who give authorization, it should not be in the hands of a single person, it is really difficult for them to be robbed, it is not impossible, but it is very difficult.
March 09, 2021, 03:47:08 PM
*sorry if I missed something but is it really the Bitcoin FBI wallet...
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
I remember years ago they auctioned off confiscated coins. You could buy them at a mild discount if you took the lot...
That was with the silk road bust...
And I think FBI and other countries are still doing some auctioned of confiscated bitcoins.
And that's how some of the biggest name in bitcoin today got their tons of bitcoins, from buying at a discounted price after the silk road bust, if I'm not mistaken.
March 09, 2021, 11:38:07 AM
*sorry if I missed something but is it really the Bitcoin FBI wallet...
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
I remember years ago they auctioned off confiscated coins. You could buy them at a mild discount if you took the lot...
That was with the silk road bust...
March 09, 2021, 11:30:02 AM
*sorry if I missed something but is it really the Bitcoin FBI wallet...
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
I see the number is very large, the final balance value is $7,646,519,732.43. if true then they are likely selling the 'caught' bitcoins and depositing the money into the country.
March 09, 2021, 05:37:58 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
I'm sure that is in their offline wallet and being saved in ledger as FBI is known for their expertise so they will never risk in places where this is vulnerable in hackers.At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
This is How secure keeping in FBI storage so i know there is no chance it can be hacked.
But if given it would happen ? then those hackers have their End of life.
March 09, 2021, 05:00:50 AM
Is it true though FBI owned that much coins?
fbi are tracking down hackers , scamers , criminals that involved in btc so its not surprising if they collected that amount but the amount can be higher than that now that btc is now popular and stealing incidents of btc are now rampant . however regardless whether this news is true or not but if any hacker happens to be able to steal that coin then the hacker will be hunted down by the FBI or even worse the whole US goverment since it's not some measly amount.
I could imagine that hacker gonna have a lot of money but can't even cash out or living a hellish life because hunted LOL.
its true like i said earlier but if robbers dont hack the btc of fbi and target normal users instead , they are still going to get tracked down by fbi . like other robbers , they can cash out and enjoy a decent life for a while but they may caught out to soon and cant enjoy all the money that they steal I could imagine that hacker gonna have a lot of money but can't even cash out or living a hellish life because hunted LOL.
March 09, 2021, 04:20:34 AM
Is it true though FBI owned that much coins? however regardless whether this news is true or not but if any hacker happens to be able to steal that coin then the hacker will be hunted down by the FBI or even worse the whole US goverment since it's not some measly amount.
I could imagine that hacker gonna have a lot of money but can't even cash out or living a hellish life because hunted LOL.
I could imagine that hacker gonna have a lot of money but can't even cash out or living a hellish life because hunted LOL.
Dump it to the wallet of someone you don’t like and watch them get hunted down
March 09, 2021, 12:08:20 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
Being among the holders of the biggest bitcoin stash I know they don't hold these coins on a centralized bitcoin wallet like the bitcoin.com wallet, this has to be a cold wallet away from prying eyes and most importantly away from hackers playing field.At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
One thing is certain you can't sell all these coins and go unnoticed! But like we saw Elons Musk 1.5 bitcoin buy saw bitcoin bullish.. now imagine what 5 fold could do if sold...obviously its a big crash in crypto prices but being the FBI the coins obviously in safe hands and no need to imagine things.If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Just one thing where did you get this address,seems active
March 08, 2021, 06:39:58 PM
Short answer is it doesn't matter, 7bn isnt enough any more. However it matters in terms of news and perception to the idea of security and reliability that BTC offers, people wont doubt FBI before they doubt crypto though its well known that human error is the most common computer problem. I always argue in favour of usability but thats how it is anyhow.
The only effect from a wallet compromise like this is change in liquidity and presumably the coins all get released immediately and sold which means a possible blip lower but overall its not important
Im not minding when it comes to entire market effect because we know that even if it do decrease its price but still there are lots of people/instutions/companies/whales who are really waiting for those possible bottom prices which means recovery would really always comes next.The only effect from a wallet compromise like this is change in liquidity and presumably the coins all get released immediately and sold which means a possible blip lower but overall its not important
The thing i do mind is on the emotion effect that it will affect the entire market where fuds become strong and negative news do continue to pop out from nowhere in case those FBI wallet would really be
hacked or stolen.
7Bn might not really be that big in terms of over total cap but the emotion or sentiment would it give will be a different thing.
March 08, 2021, 06:30:03 PM
Short answer is it doesn't matter, 7bn isnt enough any more. However it matters in terms of news and perception to the idea of security and reliability that BTC offers, people wont doubt FBI before they doubt crypto though its well known that human error is the most common computer problem. I always argue in favour of usability but thats how it is anyhow.
The only effect from a wallet compromise like this is change in liquidity and presumably the coins all get released immediately and sold which means a possible blip lower but overall its not important
The only effect from a wallet compromise like this is change in liquidity and presumably the coins all get released immediately and sold which means a possible blip lower but overall its not important
March 08, 2021, 06:16:51 PM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
They should know how to secure their asset, although there is a huge risk of exposing their wallet in the eyes of the public, if ever the wallet was hacked and coins were stolen there could be a huge crash coming if the hacker decides to cash out those Bitcoins, we know FBI they have all the resources to track who hacked their wallet, it will not easy to getaway.
Run it through satoshi dice. Trade it in some crappy foreign altcoin exchanges between coins.
But I wouldn’t take my chances on tainted coins...
March 08, 2021, 06:14:18 PM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
They should know how to secure their asset, although there is a huge risk of exposing their wallet in the eyes of the public, if ever the wallet was hacked and coins were stolen there could be a huge crash coming if the hacker decides to cash out those Bitcoins, we know FBI they have all the resources to track who hacked their wallet, it will not easy to getaway.
March 08, 2021, 11:22:56 AM
why wont they return the confiscated bitcoin to thier respective owners because there will be owners for that stolen bitcoins and if they hold that much bitcoins they are included in the target list of hackers but if i am the hacker i will be afraid to attack fbi because they are fbi's and they have greater securities and greater consequences that you could face for trespassing thier gates but to your main question . what do you think have happened before when there are million and billions of btc have been hack . same thing can happen to this
You would hack FBI if you were a hacker? You think they don't have their own highly qualified 'ethical' hackers who can resist all your attacks? They don't have very big number of security guys who have abilities to kick you out and get you behind the bars within minutes if you ever try to visit them and steal anything from them?
March 08, 2021, 09:43:28 AM
why wont they return the confiscated bitcoin to thier respective owners because there will be owners for that stolen bitcoins and if they hold that much bitcoins they are included in the target list of hackers but if i am the hacker i will be afraid to attack fbi because they are fbi's and they have greater securities and greater consequences that you could face for trespassing thier gates but to your main question . what do you think have happened before when there are million and billions of btc have been hack . same thing can happen to this
March 08, 2021, 09:27:30 AM
It cannot be hack so easily, FBI has their own high level professional cybersecurity engineers, they spend a lot to secure their networks and all of their assets so that at the end of the day there will be no flaws there will be no security breach that may happen, so I am pretty sure that if there will be a report of bitcoins are being taken away from their custody I am sure there will be an inside job then.
March 08, 2021, 08:26:33 AM
I don't think law enforcement anywhere in the world keeps hanging on to confiscated bitcoins for that long. In fact FBI has many public auctions where they sell bitcoins they've confiscated from criminals regularly. Although OP has provided no proof whatsoever that his claims of those coins being in the hands of FBI but assuming that's correct those coins would move sooner or later.
As per their standard procedure, they need to convert confiscated assets to cash within a specific period. But just imagine how much profit they could have ended up with, had they held on to at least a fraction of those coins. The seizure from Silk Road alone amounted to around BTC180,000, which would be worth $9 billion as per the current exchange rates. But the FBI auctioned off most of these coins in 2014/15, when the exchange rates were at rock bottom.
March 08, 2021, 08:00:16 AM
There is a 2018 article from Fortune that I thought might have shed some lateral light here (see Insise Uncle Sam’s secret bitcoin hoard). Nevertheless, the article is for subscribers, so we use a different source to see insights to the content. Fortunately, TheWayBackMachine preserves an open copy of the article: https://web.archive.org/web/20210203063308/https://fortune.com/2018/02/21/government-forfeiture-bitcoin-auction/
The article states that:
The article states that:
Quote
But the transparency is fleeting. There are often long lag times between the date of a seizure and its appearance in a report. And reports aren’t archived online: Each day, when a new one appears, the old one goes away. Paper copies exist—but nowhere, online or on paper, is there a tally of the cryptocurrency in federal custody at any given time.
The article goes on and depicts some seemingly "lost inventories", but the general idea is that there doesn’t (/didn’t at the time of writing the article) seem to be a proper overall inventory, and no details are described as to how the custody and secure the decommissioned bitcoins. Things may have evolved since then in terms of protocols and procedures, who knows … March 08, 2021, 07:58:34 AM
-snip-
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
the first thing that crossed my mind after reading this question is..
FBI will lose their integrity because it could reflect their IT security level. and the FBI possibly blamed for the bitcoin price dump.
IMO, they will do anything to secure those bitcoins, because of their integrity and that is a huge amount of money.
Quote
Bitcoin address 35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Last seen receiving: 2021-03-03 09:21
Balance: 141,451.59751054 BTC
https://blockchair.com/bitcoin/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Bitcoin Cash address 35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Last seen receiving: 2021-02-27 04:04
Balance: 480,008.08471899 BCH
https://blockchair.com/bitcoin-cash/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Last seen receiving: 2021-03-03 09:21
Balance: 141,451.59751054 BTC
https://blockchair.com/bitcoin/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Bitcoin Cash address 35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Last seen receiving: 2021-02-27 04:04
Balance: 480,008.08471899 BCH
https://blockchair.com/bitcoin-cash/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
at least, 338556.487208 BTC has been moved outside that wallet.
March 08, 2021, 07:28:50 AM
I don't think it would be very intelligent for anyone to try and steal the Bitcoin owned by the FBI. I remember though there was discussion about this wallet and how it was hackers trying to break it open as an encrypted file was passing hands between some of them. I don't know if this kind of news was real either but in the end this wallet moved all the Bitcoin and later came a statement that it was a wallet used in Silk Road and years later the FBI managed to get their hands on the private key. It was also important that someone was in charge of the private key and handed it over to the FBI. This is what we read from the news but I'm not completely convinced events happened the way we read them. There seems to be many gaps in that story and information that is not shared at all with the public.
https://fortune.com/2021/02/08/bitcoin-3-billion-seizure-silk-road-federal-agents-cryptocurrency-individual-x/
https://fortune.com/2021/02/08/bitcoin-3-billion-seizure-silk-road-federal-agents-cryptocurrency-individual-x/
March 08, 2021, 07:00:50 AM
First of all, I dont think that's plausible to happen for someone to steal all those bitcoins from FBI. I mean, anything is possible, but realistically what are the chances?
But even if that happens, I doubt that would affect bitcoin price massively, or for a longer period of time. I guess that if someone stole those bitcoins, he wouldn't send them to Coinbase or Binance and try to sell them there, but he would sell them OTC. So no, I'm not worried about that scenario at all.
But even if that happens, I doubt that would affect bitcoin price massively, or for a longer period of time. I guess that if someone stole those bitcoins, he wouldn't send them to Coinbase or Binance and try to sell them there, but he would sell them OTC. So no, I'm not worried about that scenario at all.
Theoretically there is a possibility. Afterall, Bitcoin is a digital asset and if somehow the hacker can access the private key, then he will be able to move the coins. But no one in their right mind would do that. Think about the consequences. The FBI do have some very talented people who will track you down even if you are hiding in the most remote corner of the world. And if you are thinking about spending those stolen coins, then forget about it. There's not even a 0.0000001% possibility.
March 08, 2021, 06:28:00 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Is that really an FBI wallet? and where that Bitcoins came from and why it has an active and fresh-made transaction? By the way, I was only wondering thats why I'm asking it. but moving on I believe the FBI is one of the most sophisticated US government law enforcement and investigation agency thats why it is very hard to access those Bitcoin by the means of hacking. so I believe it won't happen even in the future as long as quantum computing devices are not yet operational.
March 08, 2021, 05:33:26 AM
I don't believe any hackers dare to steal Bitcoin from an FBI wallet, because surely the security system will not be easily bypassed.
I don't know the technicalities of how the FBI stores their Bitcoin. To be sure the FBI will maintain a high level of security system.
But if a hacker manages to steal it, I'm sure it won't take long to get caught. So it's too big a risk to steal Bitcoin from an FBI wallet.
I don't know the technicalities of how the FBI stores their Bitcoin. To be sure the FBI will maintain a high level of security system.
But if a hacker manages to steal it, I'm sure it won't take long to get caught. So it's too big a risk to steal Bitcoin from an FBI wallet.
legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
March 08, 2021, 02:50:48 AM
How would we know that FBI controls those coins. Is there any official statement? Sorry, I was not aware of such things.
Assuming it's in their control - if anything happens to those coins, I do not think anything will happen in the current market. Maybe the worse will be a little price drop.
But it will be interesting how they have secured the private key. In fact, I always wonder how do these whales with hundreds and thousands of coins in their wallet maintain their wallet. Don't the feel scared when they send the coins to the exchanges for a trade and things like that?
Assuming it's in their control - if anything happens to those coins, I do not think anything will happen in the current market. Maybe the worse will be a little price drop.
But it will be interesting how they have secured the private key. In fact, I always wonder how do these whales with hundreds and thousands of coins in their wallet maintain their wallet. Don't the feel scared when they send the coins to the exchanges for a trade and things like that?
March 08, 2021, 02:41:17 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
You have an exaggerated mind mate , how would you come to this far of thinking ?At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Knowing how Good FBI in many things specially technology , I don't think they will be experience hacking and also for sure Hacker will keep distance against this agency because for sure they Knew that FBI will not go funny things for them.
March 08, 2021, 01:57:35 AM
The thief will be rich if they sell all of the bitcoin in that wallet
I am sure they will disappear from their place and move to a country where no one will know who they are. But I am sure the FBI will have high-level security to access the wallet, and that will only for a few people who can access the wallet. People can only see the bitcoin amount on that wallet without access, and if the FBI decide to sell that bitcoin, they will waiting for the price to hit the very highest price.
I am sure they will disappear from their place and move to a country where no one will know who they are. But I am sure the FBI will have high-level security to access the wallet, and that will only for a few people who can access the wallet. People can only see the bitcoin amount on that wallet without access, and if the FBI decide to sell that bitcoin, they will waiting for the price to hit the very highest price.
March 08, 2021, 01:51:45 AM
First of all, I dont think that's plausible to happen for someone to steal all those bitcoins from FBI. I mean, anything is possible, but realistically what are the chances?
But even if that happens, I doubt that would affect bitcoin price massively, or for a longer period of time. I guess that if someone stole those bitcoins, he wouldn't send them to Coinbase or Binance and try to sell them there, but he would sell them OTC. So no, I'm not worried about that scenario at all.
But even if that happens, I doubt that would affect bitcoin price massively, or for a longer period of time. I guess that if someone stole those bitcoins, he wouldn't send them to Coinbase or Binance and try to sell them there, but he would sell them OTC. So no, I'm not worried about that scenario at all.
March 08, 2021, 01:38:04 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Hackers and scammers are feeble heart people! So knowingly no one would try to hack into FBI's wallet! It will be inviting grave problems into their own life. So it is the safest place on earth for these bitcoins within this wallet. But even if any hacker tries to hack into it even after knowing it belongs to FBI, it will be extremely difficult for the hacker to sell the bitcoins into open market. The mixer companies will be put on high alert because the hacker will definitely try to hide his trail of dirty money. So I don't see any major repercussions in the bitcoin market even if this bitcoins are stolen. It will be extremely difficult to sell such stolen bitcoins to the market. So the chances of decreasing the price is very low.
March 08, 2021, 01:03:25 AM
It is not entirely unlikely, because we saw what the law enforcement officials (FBI Agents) did in the Silkroad case. See this article for more information : https://news.bitcoin.com/rogue-silk-road-agent-admits-to-stealing-bitcoins-seized-by-u-s-marshals/
I have seen crime documentaries where hardware wallets was seized, so I reckon these guys know how to store bitcoins on hardware wallets, so my guess is that the coins are stored on hardware wallets and not on Exchanges.
The dumping of these coins will only cause a temporary slump in the price... then it will recover within a week or two.
I have seen crime documentaries where hardware wallets was seized, so I reckon these guys know how to store bitcoins on hardware wallets, so my guess is that the coins are stored on hardware wallets and not on Exchanges.
The dumping of these coins will only cause a temporary slump in the price... then it will recover within a week or two.
very unfortunate for the two rogue agents, if it happens later around 2017-18 they probably learned to send it to a mobile wallet. should the wallet be in the list of wallet addresses that exchanges should freeze whenever coins come from them?
141,000 BTC is really going to make the robbers as whales in Bitcoin. however, everybody is going to be tracking them so it's going to be harder to hide.
March 08, 2021, 12:59:57 AM
Assuming that that address does indeed belongs to FBI, do you think they bought it legitimately or do you think they seized it from the criminals? From some people's perspective, seizing assets would probably be equivalent to theft, no matter what the crime is. Afterall, the proceeds from selling them would probably just be used to fund the law enforcement further and nothing changes from the taxpayer's contributions. So, would it really matter if it gets stolen yet again?
I don't know. Sounds like no one would really care.
I don't know. Sounds like no one would really care.
March 08, 2021, 12:49:25 AM
I don't think law enforcement anywhere in the world keeps hanging on to confiscated bitcoins for that long. In fact FBI has many public auctions where they sell bitcoins they've confiscated from criminals regularly. Although OP has provided no proof whatsoever that his claims of those coins being in the hands of FBI but assuming that's correct those coins would move sooner or later.
March 08, 2021, 12:42:53 AM
It is not entirely unlikely, because we saw what the law enforcement officials (FBI Agents) did in the Silkroad case. See this article for more information : https://news.bitcoin.com/rogue-silk-road-agent-admits-to-stealing-bitcoins-seized-by-u-s-marshals/
I have seen crime documentaries where hardware wallets was seized, so I reckon these guys know how to store bitcoins on hardware wallets, so my guess is that the coins are stored on hardware wallets and not on Exchanges.
The dumping of these coins will only cause a temporary slump in the price... then it will recover within a week or two.
I have seen crime documentaries where hardware wallets was seized, so I reckon these guys know how to store bitcoins on hardware wallets, so my guess is that the coins are stored on hardware wallets and not on Exchanges.
The dumping of these coins will only cause a temporary slump in the price... then it will recover within a week or two.
March 08, 2021, 12:24:06 AM
I doubt if there is a sane mind who would dare still BTC on FBI, it may take a lot of jobs dispensing this amount of BTC all at once not unless you want to get caught by the FBI knowing that KYC is required for you to be able to deposit or withdraw huge amount of money. However, if you will sell this amount in small chunks to avoid KYC this might take forever since some exchanges will only allow you to deposit or withdraw just a few BTC. The news might create some panic which might be irrelevant to the market, selling it in small chunks will not, most likely of the price gets corrected institutions will surely buy them back.
March 08, 2021, 12:22:27 AM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
Not sure whether the wallet belongs to the government or the FBI and the coins they confiscated were auctioned off from what i know and they will not be holding the coins and expect to profit at a later time and i looked at the wallet you posted and it was actively sending coins this month and i have seen similar sent addresses in one of math puzzle posted in this forum.At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
Suppose it is the coins held by the FBI and someone dare to hack them then they will help you spend the rest of the life under bars 
. March 08, 2021, 12:10:38 AM
I don't think the FBI uses a single wallet to store all coins. And even if the device is stolen, it isn't to easy to get an access to it.
March 08, 2021, 12:08:00 AM
As far as I know, some of those bitcoins that the FBI seized are auctioned or are still kept in as an evidence or something. I believe that if it were ever stolen, the thief needs to be at the least good at hiding because FBI has the resources to find their target and if the upper echelons believe that it is worth pursuing, they can pour a lot of resources into it. Not to mention that FBI might have already put some sort of tracking on the bitcoin and can flag them whenever there is a transfer. FBI is not something you should mess with, the order of fear that everyone should have is fear for God and then the fear for FBI then CIA.
March 07, 2021, 11:27:55 PM
if the coin stolen by FBI employee it will make them rich
In my opinion if the FBI have big amount maybe the board will discuss if they can used it or not but as you might know the bitcoin will dumped if they sell all of it
from where they get those amount of bitcoin?
In my opinion if the FBI have big amount maybe the board will discuss if they can used it or not but as you might know the bitcoin will dumped if they sell all of it
from where they get those amount of bitcoin?
March 07, 2021, 09:17:30 PM
It's going to be pointless stealing since the address is probably watched closely. The FBI did an auction to Ross wallet, I guess one day they will also be auctioning it, it will be a huge profit for the government or they could use it as a stimulus that they won't have to print.
I don't even think it'll even reach any exchange except decentralized ones. Most likely they would announce or report to everyone that someone stole their BTC and most likely exchanges will get notified on the wallet of the hackers. Centralized exchanges mostly holds the majority of the market so I think those Bitcoin will only get few million dollars and some would get stuck.
But of course there's going to be FUD all around the news so it would artificially affect Bitcoin because of panic.
But of course there's going to be FUD all around the news so it would artificially affect Bitcoin because of panic.
FBI will be investigated if they lose this amount. I have no idea what organization will investigate them but surely the issue won't just slide.
March 07, 2021, 09:04:38 PM
I don't even think it'll even reach any exchange except decentralized ones. Most likely they would announce or report to everyone that someone stole their BTC and most likely exchanges will get notified on the wallet of the hackers. Centralized exchanges mostly holds the majority of the market so I think those Bitcoin will only get few million dollars and some would get stuck.
But of course there's going to be FUD all around the news so it would artificially affect Bitcoin because of panic.
But of course there's going to be FUD all around the news so it would artificially affect Bitcoin because of panic.
March 07, 2021, 08:35:56 PM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
How do you know this is FBI's wallet?
Quote
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
The price of Bitcoin does not respond to the stealing itself. However, if the stolen Bitcoin is dumped into the market all at once, there will certainly be a decrease in price considering that it amounts to billions. But all that is temporary. Sooner, the supply in the market would shrink once more and the price would then increase.
But why would a brilliant thief choose to steal FBI's BTC? Man, that's billions. They wouldn't just sit on it. The FBI has the expertise in terms of investigation. And it is a dirty agency. Before you will enjoy your billions you are already liquidated.
March 07, 2021, 06:32:39 PM
I will not be worried if someone manages to steal their holdings, because once the hacker or rogue employee sold the Bitcoins in market it could affect the price much but expect a bounce in short time due to high demand from different institutions. But probably they wouldn’t sell it easily like that knowing that their wallet is under extreme monitoring, they might sell it portion by portion anonymously.
March 07, 2021, 06:27:48 PM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin? And what types of employees are able to access it?
At the current price it's worth more than 7 billion dollars!!
No one outside their cartel will how they store the BTC or the employee that have access to it but why asking this question?At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
The wallet precisely it was 141451.596 BTC not 141,000BTC and the last time I read about the FBI holding they was planning to sell the BTC which I thought they have until now but looking at the wallet transaction they have already sold some part of the BTC.https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Having said that, if the BTC inside the wallet was stolen, it will affect the BTC market price and will lead to possibly market blood bath but I don't see it happening.
March 07, 2021, 06:08:05 PM
The 141,000 bitcoin is quite a huge amount and I guess the government will sell this and add to their funding process. It is a fund where that budget resolution comes from. It is a big help to the country's improvement. Just like the need for our government employees such as squad cars, jails, military equipment, weapon, and even medical supply.
It belongs to the forfeited fund and should be used by the government's needs and improvement.
It belongs to the forfeited fund and should be used by the government's needs and improvement.
March 07, 2021, 05:55:39 PM
141,000 Bitcoins are quite a huge amount.
Let's say those Bitcoin will get hacked and being sold randomly. If those Bitcoin will be sold separately order in every small amount, or they will be a move to different wallets in small amounts, it will probably not create panic or effect on the price at all.
But if FBI claims and make public that those Bitcoins got hacked, then probably we will see an effect.
Let's say those Bitcoin will get hacked and being sold randomly. If those Bitcoin will be sold separately order in every small amount, or they will be a move to different wallets in small amounts, it will probably not create panic or effect on the price at all.
But if FBI claims and make public that those Bitcoins got hacked, then probably we will see an effect.
March 07, 2021, 05:44:51 PM
Obviously, if someone attempted to steal al those bitcoin and deposit it to an exchange then it will have impact on the price and could trigger a panic. But would you think the thief will be successful on cashing it out? Nah, I don't think so, you will be stupid to not think about the consequences of your actions here.
Exchanges work as a masterpiece these days and do you really think that Exchanges will allow such big values of btc on their portal to serve a bloodbath show before knowing who brought those coins and where did they bring it from? A hacker is not a fool to take his coins to an exchange and get caught, all hackers go for mixing services and then sell their coins via OTC.
March 07, 2021, 05:28:27 PM
That huge of an amount isn't easily converted into cash unless the hacker deliberately chose to be apprehended, which is weird. If a price decline were to occur because of the selling of the supposed bitcoins that in this situation is stolen, it would be gradual and may even be resisted by the strong price resistance bitcoin has right now.
March 07, 2021, 05:28:09 PM
Obviously, if someone attempted to steal al those bitcoin and deposit it to an exchange then it will have impact on the price and could trigger a panic. But would you think the thief will be successful on cashing it out? Nah, I don't think so, you will be stupid to not think about the consequences of your actions here.
March 07, 2021, 04:53:34 PM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin? And what types of employees are able to access it?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
No one knows on whose the one do have the access to those coins but since those coins or wallet is on a public sight then it would most likely to make those shady movement of coins or else they would
really be making out some issues.
Asking on what would happen if those coins would be sell off? Then we would really be seeing some serious correction in price but it wont really be enough on driving the price down to the
floor considering the overall amount or cap with bitcoin alone then that amount is just small.
I doubt for them to make such step.They would really be facing up lots of questions and further problems.
March 07, 2021, 04:14:37 PM
There are thousands of bitcoins in the hands of the FBI, how they securely store bitcoin?
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
At the current price it's worth more than 7 billion dollars!!
If the FBI wallet with 141,000 bitcoins was stolen what do you think would happen with the bitcoin price?
https://www.blockchain.com/btc/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP
Jump to: