KickAss owner was using Coinbase as his bitcoin wallet!!!!! - page 2.

mayax

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Quote from: isvicre on July 22, 2016, 01:17:15 PM

Quote from: mayax on July 22, 2016, 12:51:00 PM

Quote from: isvicre on July 22, 2016, 11:59:40 AM

Quote from: mayax on July 22, 2016, 11:34:27 AM

same as most of BTC unlicensed exchangers. they are running their illegal biz like everything would be legal and they scream with the Feds shut down their websites... Wink

Why are you pushing regulation and stricter controls all the time? What country are you from that you have such blind trust in your government?

I'd really like to know, for context.

I don't trust any gov BUT the unlicensed exchangers are a plague.

regulation = rules

rules = hard to be scammed(yes, it's possible but harder)

unlicensed exchangers = high risk(see MT Gox and others who ran with the clients money without any issue)

they bring the shit all over e-currency industry. legal businesses suffer because of their unfair competition;the 80% BTC black market is due to them, their NO KYC/AML, no audits is gathering all the scammers/hackers and so on.

high risk = the banks do not want to work with you

no banks = no money, no honey

Okay I can understand this point of view. In some of your posts you are using the terms unlicensed and illegal interchangeably so I just wanted to clarify. Could it not be that an exchange is operating without a license but in a country it the law is not strictly defined?

There is no country who does not have a financial law which requires a such license. Take any country, make a search and you will see that a BTC exchanger business (who accept fiat currency) must have a financial license.

More than that, if you want to operate(to have clients) in EU, USA and your company is registered, let's say in China (it can be any country), you must get license in EU or USA(in each State from US) along with the license from China. Hard, right? Yes, it is but it's good for business.It brings trust and the trust is almost everything.

Well, imagine what it feels those who are in good standing, who spent millions of usd to be in compliance with all the laws(the costs are huge for a financial license; you need bonds, you need staff, real office, accountant, auditor and many others) when they see exchangers who are only having a website and nothing more;most of the exchangers are working like that.

The unlicensed exchangers are bringing all the bad image created around BTC. They are the BTC's disease, a cancer.

European Central Bank

legendary

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Quote from: LiberOptions on July 22, 2016, 04:14:32 PM

I hope that his conection with Bitcoin won't bring around a lot of bad advertisement to the industry. Things are going great with bitcoin, and news like these are not very healthy.

bitcoin's had appalling press for years on end and it's still trucking. something like this won't make any difference and maybe a few people are gonna wake up to what they let themselves in for when they use big internet companies.

BigKobasica

newbie

Activity: 16

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I dont know why kickass admin was using coinbase when coinbase imst really popular bitcoin wallet.Now are popular exchangers for save btv because you can buy many cryptocurrencies and also use like a wallet.

Anonymoose33

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Does anyone else find it really ironic that the owner of a torrent sharing website, was buying songs on iTunes?

knightkon

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Quote from: LiberOptions on July 22, 2016, 04:14:32 PM

I hope that his conection with Bitcoin won't bring around a lot of bad advertisement to the industry. Things are going great with bitcoin, and news like these are not very healthy.

I would not think that this would bring much attention. Silk roads or whatever that was called brought attention to the bitcoin, however it was kind of good attention, because more people now know about bitcoin!!

LiberOptions

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I hope that his conection with Bitcoin won't bring around a lot of bad advertisement to the industry. Things are going great with bitcoin, and news like these are not very healthy.

knightkon

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Quote from: lol lol on July 22, 2016, 06:59:17 AM

TL;DR; Feds pose as an advertised on KAT.CR and finally find the bank account associated with this torrent website and in the process Apple, Facebook, GoDaddy and coinbase helped in finding the owner that lead to his arrest.

Quote

More recent records show that an IP-address linked to KAT’s Facebook page was also used to access Vaulin’s Coinbase account, suggesting that the Bitcoin wallet also assisted in the investigation.

https://torrentfreak.com/can-kickasstorrents-make-a-comeback-160721/

the strangest part of this is using Coinbase as bitcoin wallet which i don't really get. WHY Huh

Most people did not really pay attention to the fact that bitcoin addresses and such can be traced. People do not realize that all bitcoin transactions can be traced back to the mac address and the internet ip address in which it was all accessed. It could also have been a setup for him. IDK, but good luck and I am glad i do not use that site.

BitMaxz

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If thats the case that coinbase can track or know our ip we are not safe in that wallet.. i thought coinbase is one of the best online wallet..
but now i lost faith in coinbase because of halving issue about pending when i was accidentally send bitcoins from gambling site..
Until now never recover it even its a small amount its precious to me..

ronald98

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Activity: 314

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Quote from: ivanst776 on July 22, 2016, 01:24:18 PM

Seems that there is No privacy for coinbase users, they are spying on people, but if the KickAss owner was using hardware wallet like trezor and ledger can they still track him and their users? Btw how apple helped to track this guy?

Apple provided records that show that an iCloud (me.com) account was used to purchase something on iTunes, and that account's IP address also accessed the Kickass Facebook page. Also the iCloud account's email address was used to register a Coinbase account that contained Bitcoin donations from Kickass.

https://www.engadget.com/2016/07/21/kickasstorrents-apple-facebook-homeland-security/

Quote

Jared Der-Yeghiayan, a special agent with the US Department of Homeland Security, was tasked with tracking the man behind KAT

...

Der-Yeghiayan was able to link the email address found in the WHOIS lookup to an Apple email address that Vaulin purportedly used to operate KAT. It's this Apple account that appears to tie all of pieces of Vaulin's alleged involvement together.

On July 31st 2015, records provided by Apple show that the me.com account was used to purchase something on iTunes. The logs show that the same IP address was used on the same day to access the KAT Facebook page. After KAT began accepting Bitcoin donations in 2012, $72,767 was moved into a Coinbase account in Vaulin's name. That Bitcoin wallet was registered with the same me.com email address.

philiveyjr

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Activity: 840

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He probably was a newbie when it came to bitcoin. Anyways he made a lot of stupid mistakes and could have been one. Even Ross Ulbricht made a mistake like this when he used him email to as a question on stack exchange, which sort of was what gave him up.

snipie

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Quote from: calkob on July 22, 2016, 02:23:15 PM

yeah i dont really understand either why someone like that would use a coinbase wallet, you would think that they would be smarter

No transactions fees maybe ? But it is ridiculous to reveal your identity that way

Quote from: The Sceptical Chymist on July 22, 2016, 02:31:27 PM

Other exchanges like Yobit, I have no idea how they're regulated or who runs them.

Yobit is a Russian website afaik so they don't have any regulations Tongue

bestluck

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Quote from: QuestionAuthority on July 22, 2016, 11:19:07 AM

An American law enforcement agency arrested someone in Poland and confiscated all of his equipment.

This just proves that the rest of the world is America's bitch. We own all of you muthafuckas.

and what do you say about Russia and China? are they also below to US state? I think no they are standing face to face to USA, USA involve in other countries not because others are their bitch, but it is only they work on the legality, otherwise no one allow them to interfere in their state.

The Sceptical Chymist

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Quote from: romani245 on July 22, 2016, 12:37:55 PM

This is reason #564 not to use Coinbase. They will hit the door running to drop the dime on you.

Nah, they provide a legit service and they're required to report this criminal activity to the police--same as every other legitimate business. Now, I can't stand them because they go a little too far in closing accounts but when I was using them they were definitely reliable. Other exchanges like Yobit, I have no idea how they're regulated or who runs them. I wouldn't use coinbase as a wallet, but I trust them more than some of the other exchanges.

calkob

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yeah i dont really understand either why someone like that would use a coinbase wallet, you would think that they would be smarter

Kprawn

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Quote from: Steinar on July 22, 2016, 02:01:14 PM

Why would he do this?

Sounds so crazy to not use your own bitcoin wallets.

Coinbase???

He's crazy!

The only logical reason in my opinion would be that he did not know that Coinbase seem to function as a honey pot or that Coinbase enabled him to buy from certain services. I think some services

only except payment, if you work through regulated exchanges. {Example : Steam } He was very stupid and now he will be paying for that mistake. The backlash of this could be non-Bitcoin users

that used that site, being angry at Bitcoin, because Coinbase ratted him out. Roll Eyes

Steinar

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Why would he do this?

Sounds so crazy to not use your own bitcoin wallets.

Coinbase???

He's crazy!

erikalui

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Activity: 2632

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I don't find it wrong for Coinbase to take care of who the owner is as if anyone is dealing with illegal trades and transactions, they cannot be just let free and Coinbase is strict in this regard. I too feel that users should have some kind of privacy but not misuse it by making bitcoins and the users look bad.

ivanst776

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Activity: 1540

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Seems that there is No privacy for coinbase users, they are spying on people, but if the KickAss owner was using hardware wallet like trezor and ledger can they still track him and their users? Btw how apple helped to track this guy?

isvicre

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Activity: 826

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Quote from: mayax on July 22, 2016, 12:51:00 PM

Quote from: isvicre on July 22, 2016, 11:59:40 AM

Quote from: mayax on July 22, 2016, 11:34:27 AM

same as most of BTC unlicensed exchangers. they are running their illegal biz like everything would be legal and they scream with the Feds shut down their websites... Wink

Why are you pushing regulation and stricter controls all the time? What country are you from that you have such blind trust in your government?

I'd really like to know, for context.

I don't trust any gov BUT the unlicensed exchangers are a plague.

regulation = rules

rules = hard to be scammed(yes, it's possible but harder)

unlicensed exchangers = high risk(see MT Gox and others who ran with the clients money without any issue)

they bring the shit all over e-currency industry. legal businesses suffer because of their unfair competition;the 80% BTC black market is due to them, their NO KYC/AML, no audits is gathering all the scammers/hackers and so on.

high risk = the banks do not want to work with you

no banks = no money, no honey

Okay I can understand this point of view. In some of your posts you are using the terms unlicensed and illegal interchangeably so I just wanted to clarify. Could it not be that an exchange is operating without a license but in a country it the law is not strictly defined?

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: isvicre on July 22, 2016, 11:59:40 AM

Quote from: mayax on July 22, 2016, 11:34:27 AM

same as most of BTC unlicensed exchangers. they are running their illegal biz like everything would be legal and they scream with the Feds shut down their websites... Wink

Why are you pushing regulation and stricter controls all the time? What country are you from that you have such blind trust in your government?

I'd really like to know, for context.

I don't trust any gov BUT the unlicensed exchangers are a plague.

regulation = rules

rules = hard to be scammed(yes, it's possible but harder)

unlicensed exchangers = high risk(see MT Gox and others who ran with the clients money without any issue)

they bring the shit all over e-currency industry. legal businesses suffer because of their unfair competition;the 80% BTC black market is due to them, their NO KYC/AML, no audits is gathering all the scammers/hackers and so on.

high risk = the banks do not want to work with you

no banks = no money, no honey

Topic: KickAss owner was using Coinbase as his bitcoin wallet!!!!! - page 2. (Read 2257 times)