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Topic: NiceHash Hacked: $62 Million Stolen? (Read 1001 times)

legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
December 16, 2017, 04:08:57 PM
#41
I am very sure recovery would really be hard on stolen funds and the thing they can do as of now is to track such movement of those coins but I do believe those coins would sit for a while on what wallet or either be gradually be deposited to other wallet by the use of mixers. Leaving out trails is the main mission of the hacker for sure.

I doubt that these coins will end up getting deposited or mixed since it may result in these coins getting seized once deposit has confirmed. The entities behind it know very well how things work, and will likely end up setting up a brand new service where people will end up getting these tainted coins in the long term. It's basically like how there nowadays are thousands and thousands of people having tainted MtGox coins that we're distributed through BTC-E during their last years. One way or another, these coins will end up being the best thing the con artist behind this inside job have ever experienced. Something that happened successfully once, will likely be reason to give it another go for a second attempt.

This is true. People keep proposing a "coin blacklist" but it's not feasible. There's so many ways now to break the chain of transactions, through mixers or altcoins like monero, that so many innocent, normal people would end up with "tainted" coins and would be told they can't spend them because they're stolen. This would hurt the fungibility of Bitcoin, and it's why it's never happened.
It doesnt actually hurt bitcoin since this thing is jus a common scenario on which we didnt even know if those coins we do hold up is tainted or not. Transactions or trails can be mixed up so thats why its so really easy or not really a doubt for those who do hacked or stole bitcoins since they do know on how to leave without any trails or completely anonymous.
legendary
Activity: 2212
Merit: 1038
December 15, 2017, 01:54:26 AM
#40
but my friend told to me that he hasn't believe this news and he said this is manipulated to stole costumers money but i personally do not want to speculated and consider this incident as one of the biggest losses in bitcoin histories

It reeks of inside theft, which is something the far majority of the community would definitely agree with. Everything around them make red flag signals pop up, and that while they had quite a decent platform running. It reminds me of how well MtGox was running, but still Mark Karpeles couldn't resist running with people's money, and that while he had an insane stash of coins already. It was stated that he had 100,000BTC of his own, and yet it wasn't enough for him. That's how things go unfortunately - greed is root of evil in these cases. These things will keep happening as long as we largely depend on centralized exchanges, and people keep investing in anything having to do with mining.

You hit the nail on the head there, their software worked really fucking good at switching everything. It's like it was a professional operation run by a government agency with a lot of experience in IT.
legendary
Activity: 1862
Merit: 1015
December 15, 2017, 12:55:42 AM
#39
They will restart their service and two months after that, nobody will ever ask about their stolen money. A perfect theft!

IMO this is the disadvantage if government is not involve because they can't investigate more further the hacked case. ( If hacking happen on my place )
But even though if police try to find the culprit, it won't be easy as we can see the fact, I can't find any hacking case being resolve on bitcoin incident !
full member
Activity: 165
Merit: 100
December 14, 2017, 10:51:29 PM
#38
They will restart their service and two months after that, nobody will ever ask about their stolen money. A perfect theft!
hero member
Activity: 854
Merit: 658
rgbkey.github.io/pgp.txt
December 14, 2017, 08:30:29 PM
#37
I am very sure recovery would really be hard on stolen funds and the thing they can do as of now is to track such movement of those coins but I do believe those coins would sit for a while on what wallet or either be gradually be deposited to other wallet by the use of mixers. Leaving out trails is the main mission of the hacker for sure.

I doubt that these coins will end up getting deposited or mixed since it may result in these coins getting seized once deposit has confirmed. The entities behind it know very well how things work, and will likely end up setting up a brand new service where people will end up getting these tainted coins in the long term. It's basically like how there nowadays are thousands and thousands of people having tainted MtGox coins that we're distributed through BTC-E during their last years. One way or another, these coins will end up being the best thing the con artist behind this inside job have ever experienced. Something that happened successfully once, will likely be reason to give it another go for a second attempt.

This is true. People keep proposing a "coin blacklist" but it's not feasible. There's so many ways now to break the chain of transactions, through mixers or altcoins like monero, that so many innocent, normal people would end up with "tainted" coins and would be told they can't spend them because they're stolen. This would hurt the fungibility of Bitcoin, and it's why it's never happened.
hero member
Activity: 1148
Merit: 500
December 14, 2017, 05:17:54 PM
#36
I've seeing this news for days now. I think it's true as i saw their statement before. But they just make an alibi that they are just having technical issues regarding to their website. I just don't know if they are now on operation. Many are saying that this is just an excuse for their exit scam like other cloudmining did to others. This is why i don't invest into this kind of investment. First, the profitable is questionable and most of all it's hard to trust them since their reputations are bad because of the scam cloudmining. I never heard what will be their solution to this. I hope investors will be able to recover their funds there.
legendary
Activity: 1232
Merit: 1091
December 14, 2017, 04:42:51 PM
#35
I am very sure recovery would really be hard on stolen funds and the thing they can do as of now is to track such movement of those coins but I do believe those coins would sit for a while on what wallet or either be gradually be deposited to other wallet by the use of mixers. Leaving out trails is the main mission of the hacker for sure.

I doubt that these coins will end up getting deposited or mixed since it may result in these coins getting seized once deposit has confirmed. The entities behind it know very well how things work, and will likely end up setting up a brand new service where people will end up getting these tainted coins in the long term. It's basically like how there nowadays are thousands and thousands of people having tainted MtGox coins that we're distributed through BTC-E during their last years. One way or another, these coins will end up being the best thing the con artist behind this inside job have ever experienced. Something that happened successfully once, will likely be reason to give it another go for a second attempt.
legendary
Activity: 2212
Merit: 1038
December 14, 2017, 04:00:47 PM
#34
911 was an inside job.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
December 14, 2017, 03:47:21 PM
#33

$ 66 million, imagine what the money is for?
his hackers must also be confused, how to spend that much money
while the government continues to monitor the accounts of suspicious people
Its none of our business on how he would use and consume all the money he had stolen on nicehash. $65m is really some life changing amount and you can already done lots of things with that money.I am very sure recovery would really be hard on stolen funds and the thing they can do as of now is to track such movement of those coins but I do believe those coins would sit for a while on what wallet or either be gradually be deposited to other wallet by the use of mixers. Leaving out trails is the main mission of the hacker for sure.
member
Activity: 378
Merit: 16
December 14, 2017, 01:05:28 PM
#32

$ 66 million, imagine what the money is for?
his hackers must also be confused, how to spend that much money
while the government continues to monitor the accounts of suspicious people
legendary
Activity: 2212
Merit: 1038
December 14, 2017, 12:59:46 PM
#31
One of the part of this 62 billion is my 20 dollars
Maybe he pay back little summs )))

Maybe the hijackers passport really did fall out of the World Trade Center wreckage in mint condition and all this conspiracy talk about the Jewish ehno-state of Israel pulling the buildings down in a controlled demolition is just crazy talk. How anybody could think that an apartheid state of innocent merchants could be capable of such an act of terrorism is beyond me.
member
Activity: 420
Merit: 10
December 14, 2017, 12:34:28 PM
#30
One of the part of this 62 billion is my 20 dollars
Maybe he pay back little summs )))
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
December 14, 2017, 08:56:18 AM
#29
Just read their last Twitter's post and found out they don't know how the bitcoin work!

I don't know How the people can trust them again? They haven't any basic skills/information about bitcoin!

You can't. This makes me even think more that the hack was an inside job. I hope this gets to be investigated with appropriate legal repercussions. We can't let this hacking incidents be this common occurrences anymore since the tech is getting mainstream.
sr. member
Activity: 1120
Merit: 255
December 14, 2017, 05:35:16 AM
#28
Just read their last Twitter's post and found out they don't know how the bitcoin work!

I don't know How the people can trust them again? They haven't any basic skills/information about bitcoin!
sr. member
Activity: 1120
Merit: 255
December 14, 2017, 05:03:51 AM
#27
Just read their last Twitter's post and found out they don't know how the bitcoin work!
legendary
Activity: 2212
Merit: 1038
December 14, 2017, 02:47:02 AM
#26
911 was an inside job.
member
Activity: 280
Merit: 11
December 14, 2017, 01:03:57 AM
#25
Yes, very hard to digest with the millions of dollars how can they steal is possible. It's people money how cant they provide security to the wallets. Really scary to invest in this cloud mining website because people will kept investment with lot of hopes, finally with loss.
full member
Activity: 392
Merit: 106
December 13, 2017, 09:09:38 PM
#24
I don’t know what to say, im not totally surprised that it happened in this time that bitcoin price is so high. Believe me, I don’t want to blame or give accusations without proofs but this hacking incidents repeatedly used by this big companies to get away with millions of dollars. It was planned and surely someone inside is the one own that address.
legendary
Activity: 2170
Merit: 1427
December 13, 2017, 07:32:58 AM
#23
but my friend told to me that he hasn't believe this news and he said this is manipulated to stole costumers money but i personally do not want to speculated and consider this incident as one of the biggest losses in bitcoin histories

It reeks of inside theft, which is something the far majority of the community would definitely agree with. Everything around them make red flag signals pop up, and that while they had quite a decent platform running. It reminds me of how well MtGox was running, but still Mark Karpeles couldn't resist running with people's money, and that while he had an insane stash of coins already. It was stated that he had 100,000BTC of his own, and yet it wasn't enough for him. That's how things go unfortunately - greed is root of evil in these cases. These things will keep happening as long as we largely depend on centralized exchanges, and people keep investing in anything having to do with mining.
legendary
Activity: 1652
Merit: 1000
December 13, 2017, 04:39:40 AM
#22
i was wondering why cloud mining service or similar of them ended by hack while they have a lot of costumers and a lot of money involved at there but my friend told to me that he hasn't believe this news and he said this is manipulated to stole costumers money but i personally do not want to speculated and consider this incident as one of the biggest losses in bitcoin histories
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