Topic: Sextortion - more than 4000 BTC cashed - page 3. (Read 806 times)

Yes, there's no need to be scared but we're not all the same in handling situations like this. A user that can easily move is when he reads that email and thinks that it's a legit thing that the scammer actually hacked his/her PC and will likely fall for the scam. It's not sometimes, but most of the time there really are victims that would just pay attention to the instruction of the scammer and will pay for the asked amount. We're not all literate on these situations that's why it's the sad part that these scammers still gets victims.

I am really not surprised anymore after year 2020/201 how people can be ultra stupid, not using their brain and not doing any research before trusting anything they hear or read in email or mainstream news.
One guy even commented that his father was very worried about this sextortion email he received, and than his son had to remind him that they don't even have webcam on their computer.
Fear Sells the best, just don't buy it.

Coinswitch.co had recently changed up into KYC instant exchange which Shapeshift had done it more earlier time so I don't expect for some revocation or changes or make out some reversion.

Im not sure that you wont really be banned nor locked account on creating multiple binance account on few devices but if this one isn't detected then cashing out 4000 btc wont really be a problem.

These kind of incidents or aren't something new where people or criminals would be finding out lots of ways for them to scam or extort people for getting some coins.

If the user knows that he did not do anything that will compromise his identity, then, why be scared of these scam emails?
Sometimes, there are really gullible people that get scared from empty threats of these scammers.
It will only stop if people will not give in to these scammers and just ignore them.
The reason why they are proliferating is that there are people that really do pay them.

They would have other options as well and even if there is a limit of 2 BTC per account per day, they could also just create dozens of accounts and circumvent the 2 BTC threshold. As far as I know that is an issue that Binance is now dealing with anyway in regards to an investigation that is taking place for their exchange.
There are other services which don't ask for KYC either. Isn't Shapeshift also without KYC again?

When Bitcoin will hit $100k and everyone will cry out loud about missing the train the millionth time, lol. And then Bitcoin will drop by $20k and it's gonna "die" again.

People should learn to start reading and looking for legit information themselves rather than be fed up with specific information by billionaires who care exactly 0% about us and how poor or rich we are. This is what happens when you're letting the mainstream media and the rich tell you what and how to think

This is a typical email scam. When our emails has been exploited by these scammers, they're going to send us that message that they've seen us do naughty things online and we've watched some things that we shouldn't watch. And they really are going to extort us and there's an instruction for those newbies how to buy bitcoin. I've received one and I can't remember which website I've signed up for that email but it's scaring those people that lacks of knowledge about this scam.

I do have a verified account but i forgot the fact that there was a twoBTC daily limit and with the increased valuation it is a fairly huge advantage for the scammers to get through but if Binance wanted they can simply provide the log details and the transaction request details as well transaction ID can be provided to the authorities and it is possible we could track those movements.


We might not hear about the scammers getting caught right now but in the future they i am still expecting these scammers to be behind the bars in the near future.

This is very difficult to track if the thief is smart, because bitcoin can be monetized by being sold below the spot by finding buyers quickly and this certainly does not require a kyc procedure.
The thing I see from here is actually this old trick in doing extortion and I'm sure the video in question is actually fake and non -existent. even if it is the fault of the victim that they usually go through a video call and do not realize that they are actually in a trap and I have a friend and the same case.
what needs to be underlined is that you have to remain vigilant because these kinds of things are very many and the mode is the same as the intention to blackmail the victims so as to get huge profits.

You have to be really stupid to fall for those sextortion scams. Lol funny how people get scared and pay up because they did jerk off to some weird shit hahaha. If only they tried googling a little.
And I don't think the scammers would be using some centralized exchange to cash out those funds.
They can make multiple account and withdraw less than 2 BTC from each account. Simple. And the police do have experts, they just don't fucking care.

Where do you find these people with a suitcase full of cash? Can you trust them not to rob you?
Easy to say you could do that, but in reality you will end up rekt in 9/10 cases.

The scammer was often above the 2BTC threshold of binance, the deposit address is 1JsACYBoRCYkz7DSgyKurMyibbmHwcHbPd and here binance routed more than 16 BTC from this address into their cold wallet:
https://www.blockchain.com/btc/tx/1a8bcc70904a76a09c06a62f9aa2c6ad3e2846bc1898db7a334e69485a87374f

You don't say. Isn't fiat used for the same purposes? Stop spreading fud around, we have Elon Musk to do that and it's more than enough already. When will people realize that it's all fud and BTC will be just fine?

What mental gymnastic was this? If someone throws a rock at someone, are the days of the rock counted as well? Let's make gravel illegal while we are at it!

Literally the whole point of permissionless cryptocurrencies are that you can't stop them and it would cost a lot of more to governments to try to legally ban them them then just gain taxes from them.

Theoretically you're right but the most could be caught becasue they do mistakes. They split the amount and move it around for obfuscation. They use mixers, exchange in monero forth and back etc. Successfull scammers have to manage a lot of addresses after a while and then earlier or later they start co-spending some of them. Even if they do it 500 times right one little mistake (co-spending a coin after mixing with coins before mixing) then the house of cards collapse. As said by far the most do earlier or later a mistake and then it's written in stone and cannot be taken out of the blockchain anymore. The reason why the police isn't catching them is because many people don't try it (under the assumption that it's not posssible) and because the police has not enough specialists to follow up.

Btw with mixers. I did recently a check of a Coinjoin Wasabi mixer transaction where people were very carefully and mixed the coins three times in a row. Neverthless I could link more than 20% of the mixers output addresses with the inputs because the users did the mistake to co-spend mixed coins with other coins. 20% might sound not very promising but if  you take into account that a person with 500 transaction can be caught if only one transaction was not carefully enough then it's a number where scammers should start sleeping bad. Even after years all evidences are available in the blockchain and the analytics software (from us btctester or from forensicsone or chainalysis or others) are getting better and better.

The brain of a scammer might think two or three steps but the analytics software use sophisticated heuristics to find all addresses of the scammer and follows all paths of these addresses to see when it goes to an exchange. Mostly there are paths to exchanges because the scammers don't want to go with a hugh amount to an exchange.

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It's all about likelihoods. So the analytics result is never 100% true, it might be 99% likely. And therefore many people will need analytics. E.g. if chainalysis sells their reports to the tax authorities and the tax authority comes to you accusing that you didn't pay all your bitcoin tax then you need to defense yourself if it's not true or only partly true. Then you need as well an expert statement saying the mentioned transactions could be have another meaning because it could be a payjoin transaction and the judge finally has to decide whether or not he'll deide against you if it's only 90% likely that the chainalysis report is saying the truth. The same could happen in criminal cases. I saw a lot of rubbish from analytics.

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This is where the  scammer collected the funds finallly:
https://www.blockchain.com/btc/address/1JsACYBoRCYkz7DSgyKurMyibbmHwcHbPd.
The 1GYNGZ... address he used successfully with about 10 victims but there are thousands others all ending up in the 1JsAC.... in total more than 4000 BTC. The scammer followed Satoshis advice not to use always the same address a bit.

[moderator's note: consecutive posts merged]

He is not the brightest but also not the dumbest because the Binance limit with only email verification is 2 Bitcoin per day withdraw.The address has not received more than one bitcoin but even if it did,the guy using a fake email address can withdraw 2 Bitcoins every day and I think with today price 2 Bitcoin everyday is enough even for the hungriest money criminal in the world.We all know that is difficult to track Bitcoin transactions and this is already been discussed here with 0 people being arrested from the cloud mining scams that we all know about.

Where is the proof or some source link showing that someone actually send total of 4000 Bitcoin for this stupid extortion emails?
I also received same sextortion emails several times before and I don't even have camera connected to my computer.

That address that is inactive since 2018, it had total of 14 transaction and it received ‎0.93 BTC and not 4000 BTC like you say.

It looks to me that OP is trying to promote his own btctester bitcoin analytics and forensics website with sensational and fake news like this, and that is not a good way to promote anything. 

It's not that the police doesn't have the resources, it's just that they have a budget and cybercrime is a pretty hefty one in terms of expenses and sometimes the victims don't even report the cases or follow up on the case so they can't make an arrest. Also, I don't think that it is 4k bitcoin, that's a lot of money to pull off in such a short time.

I know that this is not your focus, but it must be noted that the claim of having a video is lie. It is a common scam that was popular last year.

There is no video. They typically show the victim one of their passwords as evidence of gaining access to the victim's computer. However, they obtain the password from a public database and not by hacking the computer.

The blackmail can be safely ignored.

Happened before. I remember reading a similar thread 2 years ago. I personally think these e-mails are as real as the "You Just Won A $8 Million Check" ones are.. ignore them. Especially if you know you don't have any nudes on your gallery. And if you do, then you should've taken this possibility into account from the start anyway.

I would not pay $1k for a picture or video of my naked butt not to be posted online, lol. These guys likely purchase personal info databases and send out e-mails containing personal info in order to further intimidate people. But rather than paying the scammer, you could just file a complaint at the nearest police department instead and wait for them to act.. or perhaps an in-bulk notification towards a 3-letter agency may have even better efects against the scammer.