Stolen bitcoin can be traced | Bitcointalksearch.org

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Quote from: jonkinika on April 03, 2018, 02:22:45 PM

Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Video: Stolen Bitcoin Tracing - Computerphile; practical way to trace stolen bitcoins

This is one thing that maybe a few crypto cheerleaders do not always understand when they claim that the anonymity is such a big bonus. There are always inputs and outputs to the system, transparency is at the very core of how Bitcoin works which is a good thing for all honest users. However if you have bad intentions it is easily possible to trace stolen bitcoins and things like mixers are not always an effective choice - you'll often be receiving back money with illicit connections. When you go to cash out, either buying products at a shop or into an exchange, you'll be identified at that location which can make 10 wallet hops to hide it totally ineffective. There are plenty of cases where people have been caught even after all sorts of money laundering attempts.

horrifiedx1

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Quote from: TheGhostMan on May 07, 2022, 10:28:28 PM

Well, it's a bit difficult since it's totally anonymous. But despite that, it can be traced because if these are stolen, it could be allowed to access the address of the wallet in which it is kept after being located and although the Blockchain technology is very transparent regarding its transactions, many times it is not it is. it is traceable since if it is stolen they can launder money and they do it by depositing the crypto assets in a single wallet and then depositing it in several wallets both with the stolen money and with the clean money, so it is almost impossible to trace it as well as knowing which one it is legal and which one is not.

even though they have stolen their stolen goods, the history can still be traced, and in the end it will be withdrawn to the local bank, that's where we will find out who the person who stole it is. Of course, for the police, this can actually be traced, but because there is no legal regulation regarding cryptocurrency, it is difficult to follow up, because the police must act in accordance with the applicable legal basis.

TheGhostMan

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Well, it's a bit difficult since it's totally anonymous. But despite that, it can be traced because if these are stolen, it could be allowed to access the address of the wallet in which it is kept after being located and although the Blockchain technology is very transparent regarding its transactions, many times it is not it is. it is traceable since if it is stolen they can launder money and they do it by depositing the crypto assets in a single wallet and then depositing it in several wallets both with the stolen money and with the clean money, so it is almost impossible to trace it as well as knowing which one it is legal and which one is not.

owlcatz

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Yo idiots necro'ing and replying to a thread from 2018... Roll Eyes

1. You have been ignored.
2. The dude who necroed this post is likely Kakamakr, you are good at making kaka that's true lol...
3. Chainalysis - You ever heard of them? The USA Gov't contracts with them to track ALL BTC transactions. Roll Eyes

4. No crypto is truly untraceable in this day and age, even in the future.
5. Stop necroing shit and acting like a fool.. Esp. you, Kakahead, check your trust you fuckin idiot. Kiss

NotATether

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With regards to bitcoin transactions being corellated - yes that's definitely possible because most of the normal wallets create an additional output for the remainder of the money which is then sent to a "change address". This change address could subsequently be used as an input to a future transaction, so the transaction works both horizontally and vertically - multiple transactions from the same wallet can be tracked, and transaction chains (the spender of the spender of the ... of BTC) can also be constructed.

Nrcewker

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Quote from: ?? on ??

Quote from: jonkinika on April 03, 2018, 02:22:45 PM

Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Video: Stolen Bitcoin Tracing - Computerphile; practical way to trace stolen bitcoins

when you lose you coin, dont waste your time unless you know what to do, reach out to a recovery agent or hire someone to help you get it back. there are people out the. check out DIGITRECOVERY.NET and contact them. this is the only agency i have used, cant speak for the others. they charge after the job is done

Why bumping an old thread and promoting a site which is not so popular?
If we see the topic’s title , then it’s somehow possible to track who stole the Bitcoin, it certain factors are also to be present for the that.
If the thief stole’s the Bitcoins and send it to his Binance account, then upon requesting Binance you can get the details (ofc you need to prove necessary details).
Moreover this are for certain cases, but guess what 90% of the times Stolen Bitcoins are untraceable.
Moreover there are many thieves present who use mixer to mix the addresses and thereby remain anonymous.

Dunamisx

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not only a stolen bitcoin should be able to be traced, i think all transactions are traceable since they are open on the distributee ledger of blockchain but they are immutable, meaning it cannot be altered, although tracing a transaction can be quite technical and demanding a little bit but its a thing of little task by those who were technically oriented, the identity of the user can as well be revealed if using a centralized exchange after various investigations might have been carried out by the government or private regulatory bodies.

Kakmakr

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Well, the private sector has climbed in with very good Chain Analysis technology and they are supplying good data to law enforcement agencies to catch the criminals that are using Bitcoin for their crimes. I just hope this technology will not be misused to implement surveillance on law abiding citizens. Roll Eyes

We saw what happened after "911" ...when the US government went totally bat shit crazy with surveillance and they gathered information on everyone. Use the technology to catch criminals and leave the rest of the people to live their lives. Wink

JerryJam

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Bitcoin is safe. Ordinary people can easily reliably protect their bitcoins.But not everyone knows how to do it right. Therefore make mistakes and become victims of swindlers.The only way to steal your bitcoin is that the thief fraudulently forces you to grant access to your wallet.To avoid attacks, you need to protect your email account with two-factor authentication.The secret key is securely stored on the USB nakopitel or on paper.Do not trust companies with a dubious reputation and trust beautiful promising advertisements.In General, the security of our funds is entirely up to us.

metenjean

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Tracing bitcoin is easy, the most important and difficult part is to retrieve it. We can know the address but if we don't know who owns it then how can we prosecute the person? And since scams and hacking with annonymity has become a trend lately, the government started to regulate the cryptocurrencies to make sure there will be less stolen money. Improvement of bitcoin and blockchain is great but "with great power comes great responsibility." Roll Eyes

@Mhaiang

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That's a big problem in the name of blockchain, in my opinion. How can anyone trace it if you can only see the receiving address on the other end without a full information of the receiver?

jeremypwr

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Depends what you mean by stolen but its not that simple to just to retrieve misplaced bitcoin.
You would need the cooperation of the party that is sending.

b3llsf1l3s

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Traced bitcoin ?
Lot of scammer right now really can make the right one being accused by the bad people.

It can be a trouble if someone just pretend being scammed by other people and want those btc back to his wallet.

tabas

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It can be traced but how you are going to sue the robber? Many cases that has been reported here in forum before about stolen bitcoins and as well as those exchanges fund, they tracked the wallet but they don't know who's the owner so still no action has been found but a good development.

kier010

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it can be traced if you have the receiver address but you can't recover it. so we must be careful who we talk/trade to avoid being scammed.

kenelmark

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Quote from: jonkinika on April 03, 2018, 02:22:45 PM

Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Video: Stolen Bitcoin Tracing - Computerphile; practical way to trace stolen bitcoins

it is not a new thing. that is the unique of blockchain itself. Blackchain is decentralized and transparent system. everyone can trace bitcoin flows through wallet to wallet addresses. another unique of blockchain is anonymity. even you can trace where bitcoin flows, you can not know who stole it.

cryptoalfs76

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Quote from: jonkinika on April 03, 2018, 02:22:45 PM

Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Video: Stolen Bitcoin Tracing - Computerphile; practical way to trace stolen bitcoins

Definetly yes!will,according to my experience those stoling bitcoin or another kind of altcoins thats store in your wallet that been hacked is traceable ,but its cannot return back into your wallet,because thats situation i also experience try to tracing those coin was hacking by me,and find out that theres one MEW wallet,who get my coins and to my friends,so therefore i email the MEW support that maybe they can do action,or to do something to return my coins,but they answer me that they dont want to involve about that situation,so therefore the end is nothing happen,and all your efforts and eagerness to return your coins is uselles.

Vart4varta

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While exchange offices and traders can rely on qualitative judgments about the validity of a transaction for theft, the implementation of protocol-level functionality carries a lot of difficulties. At least now the currency bitcoin is a single mass without divisions into stolen and honest money.

shata

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Quote from: bluered on April 03, 2018, 02:25:55 PM

Well, i think yes, because my cousin traced her lost bitcoin, but she cant get it anymore because the robber keeps changing an account.

Ofcourse yes, We can all tracked all the bitcoins that they stolen from us, vuctims. But, I believe that bitcoin is very secured anymore, We can’t get it from them but we are able to report their accounts for them to be banned and they will not able to use their money and their account.

SaShiRaJaVu

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There is no doubt that you can trace your coins, but the main question is how is that you are able to recover the lost coins, it is hard to recover those coins and even if the hackers sent the coins to any major exchanges , in order for you to block them you need to have a strong case against them so that you will win in the end, it is not that easy to recover the lost coins and that is the truth.

Yuuto

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Quote from: jonkinika on April 03, 2018, 02:22:45 PM

Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Video: Stolen Bitcoin Tracing - Computerphile; practical way to trace stolen bitcoins

Bitcoin can be traced. It's not anonymous, everything is public.

This is not really anything new since people have been doing blockchain analysis and tracing bitcoin ever since bitcoin was used to actually trade stuff over the internet. It's hard, but with the right tools, you can definitely do it.

There is nothing you can do if "stolen" bitcoins lands in your hands, you probably won't tell and at least for now, nobody will care. It doesn't make you any less trustworthy since you're not deliberately trying to receive stolen bitcoins.

darkangel11

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Quote from: bitart on April 03, 2018, 02:58:17 PM

People can be found if they buy from a webshop and pay with bitcoin and gives out their shipping address (because somehow they need to receive the item they have paid for). But that address can only be questioned by authorities, not by induviduals, so it's not a real help in the end...

People have been ordering stuff to fake addresses, it's a game of cat and mouse. It won't change because some guy has decided that coins that go from one address to another are tainting the second address. Assuming that the target address always belongs to the sender or that the receiver will know who the sender was is naive at the very least.
To trace the origin of coins that went from an address A to address D through B and C will work only if you can actually contact the owners of all these addresses. So you trace D, ask who C is and so on. What if you have 200 middlemen along the way, located all around the world, and not all of their identities are public?

Rustamm

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Since absolutely all transactions are recorded in blockchein and this information is publicly available, we can trace to which purse address our stolen coins are transferred. Also in most cases, the information about the contents of the wallet is also open, that is, what coins are there and their number. Then you can track further where these coins were transferred and all this information is again tracked. If the country's crypto currency is legalized, one can turn to law enforcement agencies and since theft in all countries is a crime, these bodies can use their wider powers to track the movement of stolen coins. If, in the end, the thief brings stolen coins to the stock exchange or exchanger and there he will be identified for the tax authorities, or for another purpose, the law enforcement agencies will very quickly be able to establish the identity of the criminal. In the future, this is exactly how it will be, even if the coins become more confidential and anonymous. For law enforcement agencies, this will not be an obstacle, since to their requests, any institution or organization of any form of property is required to provide answers to the substance of the information requested.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: jonkinika on April 03, 2018, 02:39:03 PM

at a minimum, it will force regulations to make people produce their identity in order for them to change bitcoins into dollars etc.

It's already happening, but first of all you can always exchange for cash, like people are doing on localbitcoins, or you can not exchange at all. At least that's what we are hoping for. That the economy will allow us to use coins directly, just like we can do in some online stores right now, but this time it won't be online. You will be able to anonymously walk into a store and pay with your phone or hardware wallet. I wonder how they're going to trace that.

LuckyBtc

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Quote from: jonkinika on April 03, 2018, 02:22:45 PM

Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Video: Stolen Bitcoin Tracing - Computerphile; practical way to trace stolen bitcoins

It's nothing new, Chain Analysis has existed for quite a while now. You have to be careful with whom you deal with. Scammers most likely will move on to using anonymous Altcoins.

Welhell

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Yes you can traced your stolen Bitcoin. But, if you want to take back, that not happen and you can only look it. If you want it back, for that you need to know thief's private key who stole your Bitcoin.

bitart

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Quote from: ahmadakbari on April 03, 2018, 02:48:39 PM

It's great if the stolen bitcoin can be traced. But there is a problem.
In order to track the person who has received the bitcoin, the address owner must be known. And it's the opposite of the purpose of the creation of bitcoin. However governments don't want bitcoin addresses owners to be unknown and they are struggling to regulate bitcoin in a way which bitcoin owners can be tracked.

It's trackable, yes. But that traceability won't help you when you can see that the bitcoins move from one address to another one, because not all of the addresses can be linked to people directly. People can be found if they buy from a webshop and pay with bitcoin and gives out their shipping address (because somehow they need to receive the item they have paid for). But that address can only be questioned by authorities, not by induviduals, so it's not a real help in the end...

BitcoinArsenal

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If the theft is not good, yes. But if one sends the stolen Bitcoin through multiple mixers, and exchanges the coins to some anonymous coins and exchange it back then it is impossible to trace the stolen Bitcoins. Recent thefs have shown that is impossible to trace altcoins if the theft knows what he does (e.g. XEM theft).

ahmadakbari

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It's great if the stolen bitcoin can be traced. But there is a problem.
In order to track the person who has received the bitcoin, the address owner must be known. And it's the opposite of the purpose of the creation of bitcoin. However governments don't want bitcoin addresses owners to be unknown and they are struggling to regulate bitcoin in a way which bitcoin owners can be tracked.

chennappa121

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Quote from: jonkinika on April 03, 2018, 02:22:45 PM

Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Video: Stolen Bitcoin Tracing - Computerphile; practical way to trace stolen bitcoins

It is looking interesting if some one lost their bitcoin to due stolen and it will traced and we can be recovered that it will be good so i waiting for that technology to launch its will be help for more peoples who loss there money.

jonkinika

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Quote from: xiaohao111 on April 03, 2018, 02:29:48 PM

Quote from: jonkinika on April 03, 2018, 02:22:45 PM

Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Stolen Bitcoin Tracing - Computerphile

Yes, the stolen COINS we can check it by transfer wallet address transfer to which account, but because these accounts are anonymous, we cannot to recover our COINS, so when we know the stolen COINS in which account is not of great help for us

at a minimum, it will force regulations to make people produce their identity in order for them to change bitcoins into dollars etc.

gtx1060aa

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Yes, you really can track the stolen bitcoin you have, but I'll tell you right away, you stole it from your stupidity and naivety)
You can not store passwords and purse data on a PC, buy a USB flash drive, and the thickness of the tracking?
After all, all the wallets are not personal)

xiaohao111

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Quote from: jonkinika on April 03, 2018, 02:22:45 PM

Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Stolen Bitcoin Tracing - Computerphile

Yes, the stolen COINS we can check it by transfer wallet address transfer to which account, but because these accounts are anonymous, we cannot to recover our COINS, so when we know the stolen COINS in which account is not of great help for us

CAPTEZECC

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If the bitcoin can be traced and recovered from original thief it's a welcome development.

bluered

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Well, i think yes, because my cousin traced her lost bitcoin, but she cant get it anymore because the robber keeps changing an account.

jonkinika

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Interesting research coming out of Uni of Cambridge. Can bitcoins be tracked? ... used to have issues with tainting the bitcoins but current technology has lead to practical ways to trace stolen bitcoins. im not sure what this means for you and me, like what happens if somehow stolen bitcoins land in my hands... but interesting nonetheless.

Video: Stolen Bitcoin Tracing - Computerphile; practical way to trace stolen bitcoins

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