Topic: paraipan's coins on the move - page 2. (Read 4747 times)
What was the actual cause of his death?
I guess his friends or family could have found the wallet and finally cracked the password
It is also possible that his family sold off his computer/device that he was storing the forums BTC on, and whoever purchased it was only recently able to crack the password/encryption used to secure the BTC.
But then why send $2,500 to his old dead wallet?I think there are a lot of possibilities as to why someone who purchased a computer from the estate would transfer the bitcoin to one of paraipan's existing wallets.
He could have divulged the information to a family member of his, who took his death as an opportunity to help himself with the coins.
If Pairapan had run away with the coins, they would have been transferred earlier.
If Pairapan had run away with the coins, they would have been transferred earlier.
For a $140K even good people do bad things i'm sure he is alive spending those coins. I'm not sure why anyone would trust an anonymous person to hold such value.
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I guess his friends or family could have found the wallet and finally cracked the password
It is also possible that his family sold off his computer/device that he was storing the forums BTC on, and whoever purchased it was only recently able to crack the password/encryption used to secure the BTC.
But then why send $2,500 to his old dead wallet?Where did he send $2,500? It just seems to be one transaction of the full amount. Did that 250btc end up in any addresses previously associated with him?
I think that says everything then. Either he's not dead or his business partner has somehow managed to gain access to the coins.
I guess his friends or family could have found the wallet and finally cracked the password
It is also possible that his family sold off his computer/device that he was storing the forums BTC on, and whoever purchased it was only recently able to crack the password/encryption used to secure the BTC.
But then why send $2,500 to his old dead wallet?Where did he send $2,500? It just seems to be one transaction of the full amount. Did that 250btc end up in any addresses previously associated with him?
I know if my next of kin got a random weird email or message on social media asking about bitcoins they'd either have no idea what you were talking about or just ignore it. They'd also probably ask me if I knew anything about it first before responding and if I was alive and holding 250 bitcoins I'd probably just tell them to ignore or deny it.
I had several letters professional translated asking to make contact to provide information, not to immediately reclaim the bitcoins. There also seems little reason to ignore it because I stated that his estate is owed some money (which it is).That would possibly be even more alarming. People tend to ignore any letters claiming that they're owed long lost money. 99% likely scams and most people would just disregard it.
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I guess his friends or family could have found the wallet and finally cracked the password
It is also possible that his family sold off his computer/device that he was storing the forums BTC on, and whoever purchased it was only recently able to crack the password/encryption used to secure the BTC.
But then why send $2,500 to his old dead wallet?Where did he send $2,500? It just seems to be one transaction of the full amount. Did that 250btc end up in any addresses previously associated with him?
I know if my next of kin got a random weird email or message on social media asking about bitcoins they'd either have no idea what you were talking about or just ignore it. They'd also probably ask me if I knew anything about it first before responding and if I was alive and holding 250 bitcoins I'd probably just tell them to ignore or deny it.
I had several letters professional translated asking to make contact to provide information, not to immediately reclaim the bitcoins. There also seems little reason to ignore it because I stated that his estate is owed some money (which it is).That would possibly be even more alarming. People tend to ignore any letters claiming that they're owed long lost money. 99% likely scams and most people would just disregard it.
I guess his friends or family could have found the wallet and finally cracked the password
It is also possible that his family sold off his computer/device that he was storing the forums BTC on, and whoever purchased it was only recently able to crack the password/encryption used to secure the BTC.
But then why send $2,500 to his old dead wallet?Are you sure you 100% confirmed his identity or his next of kin?
I traced him back to his family home which hadn't been sold in decades. Whoever is living there now is either the family or the tenant of the family.I know if my next of kin got a random weird email or message on social media asking about bitcoins they'd either have no idea what you were talking about or just ignore it. They'd also probably ask me if I knew anything about it first before responding and if I was alive and holding 250 bitcoins I'd probably just tell them to ignore or deny it.
I had several letters professional translated asking to make contact to provide information, not to immediately reclaim the bitcoins. There also seems little reason to ignore it because I stated that his estate is owed some money (which it is).His identity (name-surname) was well know or am I wrong?
Well, I guess so then. A related issue is that the name format in Spain (which that business reg. document is from) is different to Romania. Those documents could have been forged though and would only need complicity with his business partner (who strangely also refused to make contact after several attempts). 
Anyways, it is pretty much a no-brainer to setup multi-sig these days.
I've recently talked with theymos about this. A good multisig implementation would most likely prevent a lot of similar scenarios.
One of the other problems with Paraipan was he was anonymous and only known to the forum under his pseudonym. Took me quite a while to 100% confirm his identity, jobs, companies, multi country locations, next of kin etc etc.
His identity (name-surname) was well know or am I wrong?
@Otoh great, i send it to you as requested so posting it here doesn't matter, it's already in the OP.
Do you mind removing my email from your post ?
Do you mind removing my email from your post ?
sure np
It is also possible that his family sold off his computer/device that he was storing the forums BTC on, and whoever purchased it was only recently able to crack the password/encryption used to secure the BTC. This would complicate attempting to recover the BTC in an already complex case with a contract that I am unsure will hold up in court.
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Anyways, it is pretty much a no-brainer to setup multi-sig these days.
I've recently talked with theymos about this. A good multisig implementation would most likely prevent a lot of similar scenarios.
One of the other problems with Paraipan was he was anonymous and only known to the forum under his pseudonym. Took me quite a while to 100% confirm his identity, jobs, companies, multi country locations, next of kin etc etc.
This makes it even more likely that he could just easily fake his own death. Not exactly hard to do when you're anon and over £100k is no small sum to just disappear from an anon account on a message board. The fact that the bitcoins have moved leads me to believe he's more likely alive than not unless you have some pretty concrete evidence that he died (a couple of people on here claiming to know him isn't sufficient though (do we even know if they're not alts or are they also anonymous too?)). I guess his friends or family could have found the wallet and finally cracked the password if they were aware of them but are you sure you 100% confirmed his identity or his next of kin? I know if my next of kin got a random weird email or message on social media asking about bitcoins they'd either have no idea what you were talking about or just ignore it. They'd also probably ask me if I knew anything about it first before responding and if I was alive and holding 250 bitcoins I'd probably just tell them to ignore or deny it.
Interesting. Is his next of kin privy to his bitcoin holdings/the fact that he was holding coins for the forums? Were they unable to retrieve/claimed to not able to retrieve his coins?
I sent translated letters / instructions to them twice but never received any contact from them. The distribution of funds seems to widespread for it to be a family member because its unlikely they had any idea about Bitcoin. He was off in Spain after studying so they wouldn't have been exposed to his business activities.
Interesting. Is his next of kin privy to his bitcoin holdings/the fact that he was holding coins for the forums? Were they unable to retrieve/claimed to not able to retrieve his coins?
Anyways, it is pretty much a no-brainer to setup multi-sig these days.
I've recently talked with theymos about this. A good multisig implementation would most likely prevent a lot of similar scenarios.
One of the other problems with Paraipan was he was anonymous and only known to the forum under his pseudonym. Took me quite a while to 100% confirm his identity, jobs, companies, multi country locations, next of kin etc etc.
Anyways, it is pretty much a no-brainer to setup multi-sig these days.
I've recently talked with theymos about this. A good multisig implementation would most likely prevent a lot of similar scenarios.
The funds were likely sent out before Multi-Sig was so widely used. I think all of the treasures are legit and all, but they are definitely not immortal!
It probably wouldn't have made sense to use multisig when the funds were originally distributed (or more likely it wasn't even a thing then) but now that we have the technology it makes a lot more sense to use it. It seems that most of the treasures are legitimate, but don't forget about the CIYAM incident.. Although everything ended up alright, multisig would have prevented that incident. CIYAM was just fired up and made a bad choice, but no way he would have withheld the coins IMO. Anyways, it is pretty much a no-brainer to setup multi-sig these days.
The funds were likely sent out before Multi-Sig was so widely used. I think all of the treasures are legit and all, but they are definitely not immortal!
It probably wouldn't have made sense to use multisig when the funds were originally distributed (or more likely it wasn't even a thing then) but now that we have the technology it makes a lot more sense to use it. It seems that most of the treasures are legitimate, but don't forget about the CIYAM incident.. Although everything ended up alright, multisig would have prevented that incident. The forum should move the existing funds that are held by single users into multi-sig ASAP. I know folks like OgNasty are reliable, but shit happens and people die every day.
This is a fantastic idea, bitcoin has the multi-sig function, so why not use it ?
The funds were likely sent out before Multi-Sig was so widely used. I think all of the treasures are legit and all, but they are definitely not immortal!
This is a fantastic idea, bitcoin has the multi-sig function, so why not use it ?
I agree, especially when 250 BTC of forum funds have already been lost. Even though it wasn't lost due to scamming (as far as people know), people die due to freak accidents all the time. 2-of-3 multisig would be an option, but the forum could also consider 3 or 4-of-5 multisig as well. That way a majority would be required to move coins but you could still be missing a few key owners to move coins (ex. 3-of-5 would work even if two key owners went MIA at the same time). The forum should move the existing funds that are held by single users into multi-sig ASAP. I know folks like OgNasty are reliable, but shit happens and people die every day.
This is a fantastic idea, bitcoin has the multi-sig function, so why not use it ?
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