Remember Plustoken? they are still active and massive sell-off keeps going on - page 2.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: ChiNgadOr on April 18, 2020, 03:39:04 AM

Now for the important part of my post:
Whose fault is it that these things happen? In my opinion, much of the blame lies with the unscrupulous exchanges. If they agreed, the stolen funds could be flagged and they would never be cashed out. With a well-connected and regulated system (Yeah.. I don't like it either.. but it's the only solution I can think of), the exchange from crypto to fiat could be blocked at the moment it happens.

As far as I can remember, exchanges have been notified of the btc addresses, but if those crooks used a bitcoin mixer then it is hard to blame exchanges from accepting those btc. So I wouldn't say that exchanges are part of the problem here. I'm not defending those scammers, but they are well sophisticated that it will take blockchain analysis to really track where the coins are going right now. And it will be too late, once they have cash it out.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: ChiNgadOr on April 18, 2020, 03:39:04 AM

For those who don't know what I'm talking about, these guys made an epic scam: 200,000 BTC and 800,000 ETH were stolen.
The BTC have been moving around and hidden via mixers. ETH has not been moved, perhaps because those who weren't jailed don't have the prevaite key of ETH wallets, although most likely because it's more easy to track.
It can be seen that in spite of having the leader of the famous SCAM caged, the company's addresses are still active and they may have hit a snag during last March's fall, when these sons of b**ch dumped 13,000 BTC ($118M).

They stole 45,000 BTC, not 200K.

Chainalysis responded to those reports and said those 13K BTC didn't land on exchanges: https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price

Quote from: ChiNgadOr on April 18, 2020, 03:39:04 AM

Whose fault is it that these things happen? In my opinion, much of the blame lies with the unscrupulous exchanges. If they agreed, the stolen funds could be flagged and they would never be cashed out. With a well-connected and regulated system (Yeah.. I don't like it either.. but it's the only solution I can think of), the exchange from crypto to fiat could be blocked at the moment it happens.

Be careful what you wish for. What if you buy some BTC peer-to-peer or withdraw some BTC from a service, and it later gets confiscated by an exchange because part of an output was tainted?

ChiNgadOr

sr. member

Activity: 1680

Merit: 278

For those who don't know what I'm talking about, these guys made an epic scam: 200,000 BTC and 800,000 ETH were stolen.
The BTC have been moving around and hidden via mixers. ETH has not been moved, perhaps because those who weren't jailed don't have the prevaite key of ETH wallets, although most likely because it's more easy to track.
It can be seen that in spite of having the leader of the famous SCAM caged, the company's addresses are still active and they may have hit a snag during last March's fall, when these sons of b**ch dumped 13,000 BTC ($118M).

Now for the important part of my post:
Whose fault is it that these things happen? In my opinion, much of the blame lies with the unscrupulous exchanges. If they agreed, the stolen funds could be flagged and they would never be cashed out. With a well-connected and regulated system (Yeah.. I don't like it either.. but it's the only solution I can think of), the exchange from crypto to fiat could be blocked at the moment it happens.

https://beincrypto.com/plus-token-scam-dumps-another-13000-btc-118m-may-be-responsible-for-bitcoin-drop/amp/

Topic: Remember Plustoken? they are still active and massive sell-off keeps going on - page 2. (Read 327 times)