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Topic: One of the top 10 btc wallets hacked? (Read 699 times)

legendary
Activity: 1904
Merit: 1159
November 06, 2020, 10:14:23 AM
#48
According to Bloomberg's report, these coins were seized by the US government and it is confirmed that the coins were not hacked.

What remains the real question is why right now this hacker has decided, as they say, to hand over what he has kept for years? Obviously there was that “money or life” thing, but again the question remains why the hacker didn’t try to disguise the trail and save the BTC for himself, because he had years to figure out how to do it. He could be a hero, a digital Robin Hood who could anonymously make tens of thousands of people happy and share everything with them, which would certainly be nobler than rubbing the neck of a fat goose. At least we see that the US is in step with the technology, they use a native-segwit address Smiley
It seems that the US isn't just in step with technology but with enough of a trail, they were able to gain access to the so-called "Individual X" and somehow had enough leverage on him to pry those bitcoin out of him. That is pretty scary. It also doesn't feel like that "Individual X" was much of a hacker. If he had been, this condition would not have arrived that the authorities traced the wallet's owner and then forced the keys out of him. He was probably someone who just happened to be in possession of the wallet but found himself in the clutches of authorities, either recently, or maybe from the beginning.

With the ~144,000 BTC initially siezed from Ross/ Silk route, the total stands at over 210,000 BTC that the US authorities had access to due to the Silk Route investigation. The mystery now is the capitulation and fate of "Individual X".
legendary
Activity: 3234
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November 06, 2020, 09:54:17 AM
#47
According to Bloomberg's report, these coins were seized by the US government and it is confirmed that the coins were not hacked.

What remains the real question is why right now this hacker has decided, as they say, to hand over what he has kept for years? Obviously there was that “money or life” thing, but again the question remains why the hacker didn’t try to disguise the trail and save the BTC for himself, because he had years to figure out how to do it. He could be a hero, a digital Robin Hood who could anonymously make tens of thousands of people happy and share everything with them, which would certainly be nobler than rubbing the neck of a fat goose. At least we see that the US is in step with the technology, they use a native-segwit address Smiley

As for those who are afraid that these BTCs will be sold at some point, there is no need to worry - they will be bought by some big investors at auction, as was the case before - they will certainly not be dumped on the open market.
hero member
Activity: 1036
Merit: 514
November 05, 2020, 08:46:24 PM
#46

Just a quick note on this - https://cryptoadventure.org/the-us-government-seized-69369-bitcoins-worth-1-billion/

According to Bloomberg's report, these coins were seized by the US government and it is confirmed that the coins were not hacked.

We speculate about this matter but it turns out like this, which means this address bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6 belongs to the US government now. they are bitcoin whale after seized those coins.
in the same way as in the past, bitcoin in authorities' custody will be sold at the federal auction. at least we know, it won't be dumped into the market anytime soon.
hero member
Activity: 3066
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November 05, 2020, 05:41:11 PM
#45
Isn't it coincidental that the price of bitcoin reaches $15,000 and we have these movement of wallets? But that would be another conspiracy theory if we're going to connect this move to the price action of bitcoin.
Whichever is the real thing behind these moves, the wallets and the price, only one feeling that we're having is to happily seeing it moves to another level which is the $16,000.

Nothing is coincidental because all the news surrounding the crypto field were mostly positive but I was quite surprised how markets didn't react to the news that came about the BTC69k btc move when it was published 'without any proof of a hack or a possession of Gov'. Or do you think that the price was initially getting down when it rejected $14200 and came down $500 in some hours?
Maybe that's already the pull back that we're expecting when we see moving up of bitcoin. A correction that was too small to notice and then it has quickly recovered afterwards. It's just too good to see that this time when we have this big moves of funds yet there's no affection from the market and the opposite did happened.

If a huge amount of coins started to move during a bear market then we should expect a correction and now we have all the the reports coming out about huge amount of coins started to move but the market tend to neglect these and the price of bitcoin started to break all the resistance without much issue and that is not surprising considering what we used to see in the past during a bull run.
This is what I'm saying, it's the opposite of what we're expecting to see and it's positive on our end.
legendary
Activity: 2618
Merit: 1105
November 05, 2020, 05:03:32 PM
#44
Isn't it coincidental that the price of bitcoin reaches $15,000 and we have these movement of wallets? But that would be another conspiracy theory if we're going to connect this move to the price action of bitcoin.
Whichever is the real thing behind these moves, the wallets and the price, only one feeling that we're having is to happily seeing it moves to another level which is the $16,000.

Nothing is coincidental because all the news surrounding the crypto field were mostly positive but I was quite surprised how markets didn't react to the news that came about the BTC69k btc move when it was published 'without any proof of a hack or a possession of Gov'. Or do you think that the price was initially getting down when it rejected $14200 and came down $500 in some hours?
legendary
Activity: 2282
Merit: 1023
November 05, 2020, 04:59:09 PM
#43
Isn't it coincidental that the price of bitcoin reaches $15,000 and we have these movement of wallets? But that would be another conspiracy theory if we're going to connect this move to the price action of bitcoin.
Whichever is the real thing behind these moves, the wallets and the price, only one feeling that we're having is to happily seeing it moves to another level which is the $16,000.
If a huge amount of coins started to move during a bear market then we should expect a correction and now we have all the the reports coming out about huge amount of coins started to move but the market tend to neglect these and the price of bitcoin started to break all the resistance without much issue and that is not surprising considering what we used to see in the past during a bull run.
hero member
Activity: 3066
Merit: 629
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November 05, 2020, 04:40:54 PM
#42
It's always interesting to see huge amounts moving from one wallet to another wallet. We can speculate that it's just the "owner" moved the funds to another wallet without any intention of dumping it. Cmiiw, aren't those wallets owned by the government already after they've arrested Ross and seized those bitcoins? or it's a different wallet, I barely remember. Again, this gives worry that whenever funds like this moves then we're expecting a possible dump would come but come on, we always see bitcoin recovers quickly whenever it does.

We will be reading more conspiracy theories here very soon. But really interesting where will those huge amount of btc will go afterwards. So something to watch out for here.

I don't think this is a case of wallet hack here. It seems the owner himself is doing the transaction, from what it seems.
Isn't it coincidental that the price of bitcoin reaches $15,000 and we have these movement of wallets? But that would be another conspiracy theory if we're going to connect this move to the price action of bitcoin.
Whichever is the real thing behind these moves, the wallets and the price, only one feeling that we're having is to happily seeing it moves to another level which is the $16,000.
legendary
Activity: 2618
Merit: 1105
November 05, 2020, 02:24:01 PM
#41
<<>>
Indeed, usually  coins are sent to multiple wallets after a hack. From my own experience such weird movement could be one of two things: someone moving funds in a more secure wallet or just to show he has access so can call CSW a fraud

These coins have nothing to do with Satoshi coins, so how can CSW be called off a fraud here? I don't support him either, but these coins are not from Satoshi's treasure.

My apologies to everyone, I think this move was either due to 2 reasons:
  • Sent them to a btc buyer in an OTC deal where they tested first by sending 1 btc to make sure they don't send it to the wrong place and then the remaining ones, or
  • Sent them to their own 'new wallet' to secure their coins in a SegWit environment and take the advantage of cheap fee later.  Grin

Just a quick note on this - https://cryptoadventure.org/the-us-government-seized-69369-bitcoins-worth-1-billion/

According to Bloomberg's report, these coins were seized by the US government and it is confirmed that the coins were not hacked.
sr. member
Activity: 2030
Merit: 323
November 05, 2020, 11:23:07 AM
#40
So which wallet was that? Because you said one of the top ten wallets were hacked, it thought you were going to mention which wallet it is. By the way, I feel sorry for whoever it is that owns the wallet that was hacked.

This shows that no matter which wallet you’re using, you don’t just feel relaxed because you’re using a wallet that claims to be most secured, you still have to play your own part by maintaining some privacy and making sure that you’re not leaving traces online that will be of any help to hackers and scammers.
hero member
Activity: 1036
Merit: 514
November 05, 2020, 12:46:21 AM
#39
I have studied information on this movement of bitcoins. If this was a wallet hack, then the coins would be sent to multiple wallets.


https://bitcointalksearch.org/topic/m.55169454
Here user humerh3 writes that: "I can give this wallet for free".
This suggests that a fake is being sold on the Internet.

There is not enough information yet to say that the wallet was hacked.

it makes sense since all the hack cases always end up did the same thing, spread the coins into numerous wallets.
Those 69,370 bitcoins associated with the silk road, which means whoever owns the wallet can't freely move it into exchanges or mixer without being traced, all the time.
it happened in April but there is no movement yet to date, well just chill about it.
legendary
Activity: 3472
Merit: 10611
November 04, 2020, 09:57:36 PM
#38
It seems the wallet.dat has been "allegedly" on sale in many forums and sites. If it's the real one and not a fake that's a different discussion.
the internet is filled with such files that claim to contain the keys to a lost fortune and the "owner" is selling it to others for a small amount so that they can get rich! literary all the top addresses from the "richlist" are already in some fake file being sold as "hacked" or something like that. with OP's logic they must all have been hacked Smiley
hero member
Activity: 3010
Merit: 794
November 04, 2020, 06:59:17 PM
#37
If its hacked then those transactions would be put up in multiple address and not just directly into a single one.So i dont really believe that this one is a hacking incident.Its really hard to make up conclusions though
yet there are various reasons on such movement.

What would be prudent right now is to watch the market for a dump  Undecided

Hate to deny but in times like these where price is skyrocketing, there would be always some negative news that would come along.

This is the sweetest time to make some huge sell-off? Yes it is... For now there's lots of speculations and the best thing we can do is to wait up for some
verification or official announcement or whatsoever.
member
Activity: 560
Merit: 13
November 04, 2020, 06:36:33 PM
#36

One of the disadvantages of 3rd party wallet or exchanges is they can control your funds like what we are seeing right now with Okex. my funds have been there for almost 3 weeks and because of their unable to withdraw maintenance, I cannot do anything but wait for them to resume their withdrawal. Now I think of it, This is what the other members said. when they say never leave your crypto assets on exchanges no matter how famous they are.
Definitely I agree with your opinion. The problem with third party wallet is that your keys can be controlled. This is why in cryptocurrency, there is a motto that talks "Not your keys, not your wallet". Yes we can able to withdraw our btc but when there are maintenance in exchanges, there will have a problem. In fact, there is a chance for us not to withdraw or lose our money in exchanges. Okex is a good exchange but after this incident, I could say that they lose the trust that their users give to them.
hero member
Activity: 2632
Merit: 833
November 04, 2020, 06:36:01 PM
#35
The price though is being pumped right now, closing in to $14k.

Watch out, let the news come out. It is not even published officially and you see the price, it looks like a double top is being made on the charts.

The price rose above $14k already.

Quote
I try to search the community with that bitcoin address,

69,000 Bitcoin Transaction? - 2013

They believed that it was 'just a move and the owners were playing around'. This one is more intense as a move specially during the election days.

Quote
Back then there's a lot of speculation as who own the bitcoin address, someone says it's from DPR (Dread Pirate Roberts), I'm sure you are familiar with that name.

Ross Ulbricht? Wasn't he sentenced to life prison and is currently in jail?

$1B of Bitcoin from Silk Road wallet moves for first time since 2015

Quote
CipherTrace speculated that the anonymous user made the transactions “to stay up to date with the Bitcoin network,” but it may have been hacked.

So everyone is just speculating here, so we shouldn't assume that it was hacked or something. Until we get a clear picture whether Ross or someone close to him move it on his behalf.
hero member
Activity: 2184
Merit: 531
November 04, 2020, 05:32:21 PM
#34
They believed that it was 'just a move and the owners were playing around'. This one is more intense as a move specially during the election days.

Why do you assume that the owners or the hackers are from the US? If they are not why do you think moving it on this day had something to do with election in the US?

There's really nothing that would prove that there's a connection between the wallet and the election.

I have studied information on this movement of bitcoins. If this was a wallet hack, then the coins would be sent to multiple wallets.
Because of the above I think there's too much baseless speculation around this wallet. That person could be moving coins to a hardware wallet and is now reading this and laughing.
member
Activity: 1092
Merit: 67
November 04, 2020, 05:25:55 PM
#33
It's always interesting to see huge amounts moving from one wallet to another wallet. We can speculate that it's just the "owner" moved the funds to another wallet without any intention of dumping it. Cmiiw, aren't those wallets owned by the government already after they've arrested Ross and seized those bitcoins? or it's a different wallet, I barely remember. Again, this gives worry that whenever funds like this moves then we're expecting a possible dump would come but come on, we always see bitcoin recovers quickly whenever it does.

We will be reading more conspiracy theories here very soon. But really interesting where will those huge amount of btc will go afterwards. So something to watch out for here.

I don't think this is a case of wallet hack here. It seems the owner himself is doing the transaction, from what it seems.
hero member
Activity: 3066
Merit: 629
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November 04, 2020, 05:18:36 PM
#32
It's always interesting to see huge amounts moving from one wallet to another wallet. We can speculate that it's just the "owner" moved the funds to another wallet without any intention of dumping it. Cmiiw, aren't those wallets owned by the government already after they've arrested Ross and seized those bitcoins? or it's a different wallet, I barely remember. Again, this gives worry that whenever funds like this moves then we're expecting a possible dump would come but come on, we always see bitcoin recovers quickly whenever it does.
member
Activity: 569
Merit: 88
Credibility: 999
November 04, 2020, 04:19:32 PM
#31
I've heard several bitcoin-hack news. Can wallets from an app like imToken, Trust wallet, and MetaMask be hacked? Or are they always exchange wallets?
full member
Activity: 305
Merit: 106
November 04, 2020, 04:01:34 PM
#30
in those days, miners used to include 0 fee transactions too in their mined blocks but this does not seem to have anything to do with this move at the moment.

I am aware of bitcoin's price.
And no, my question was not regarding the current movement, but regarding that old transaction from 2013 of ~69500 BTC  with 0 fee which came from an address conected with the one in the OP.
Was just curious in general... because the concept is the same: mine blocks with higher fee first. Unless he was also mining back then and manually added that txo in the block he found or mempool not that full. Not sure if mempool size was an issue in 2013. Not sure and just wanted to know 😁

I have studied information on this movement of bitcoins. If this was a wallet hack, then the coins would be sent to multiple wallets.

Indeed, usually  coins are sent to multiple wallets after a hack. From my own experience such weird movement could be one of two things: someone moving funds in a more secure wallet or just to show he has access so can call CSW a fraud
legendary
Activity: 1932
Merit: 4602
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November 04, 2020, 03:49:07 PM
#29
I have studied information on this movement of bitcoins. If this was a wallet hack, then the coins would be sent to multiple wallets.


https://bitcointalksearch.org/topic/m.55169454
Here user humerh3 writes that: "I can give this wallet for free".
This suggests that a fake is being sold on the Internet.

There is not enough information yet to say that the wallet was hacked.

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