I think he will start form the smallest amount address 1EtH88P5feywPJE1nyrjggd41JeCuEeKNi
Cash out some of the coin
Topic: Stop saying the Bitstamp coins were dumped!! They are right $%&#ing here -- > - page 3. (Read 5608 times)
January 07, 2015, 07:43:11 AM
January 07, 2015, 07:39:59 AM
I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.
That's why he/she split the coin.
would you not do the same? who will exchange 19K BTC at once? the hacker will sell parts.
what is somehow funny is that other exchanger will fulfill the transaction.
Stolen funds are processed without any question. This is money laundering which is possible through Bitcoin.
When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved.
Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.
I know it is possible , but some people still think they can trace that thief.
January 07, 2015, 07:38:25 AM
secondary address's are now being divided
https://blockchain.info/address/1Gdcsz1tGEzq64aeMPvgAsqftuAt3NyTyc
https://blockchain.info/address/1Gdcsz1tGEzq64aeMPvgAsqftuAt3NyTyc
January 07, 2015, 07:36:40 AM
I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.
That's why he/she split the coin.
would you not do the same? who will exchange 19K BTC at once? the hacker will sell parts.
what is somehow funny is that other exchanger will fulfill the transaction.
Stolen funds are processed without any question. This is money laundering which is possible through Bitcoin.
When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved.
Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.
January 07, 2015, 07:25:37 AM
I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.
That's why he/she split the coin.
January 07, 2015, 06:59:33 AM
150 coins left
January 07, 2015, 06:48:52 AM
When have people ever listened to reason and logic in regards to Bitcoin?
*sigh* this is so true.
January 07, 2015, 06:48:35 AM
The practical implications of this are that there are now 18,000+ BTC that the market has to absorb which could bring down price.
Nah, that's what makes me see the market as totally irrational, when they were at bitstamp, any or all of them could be sold at the drop of a hat, they might have been whale coins that were about to be dumped, we don't know, but here they are, out on the blockchain, nominally an hour away from being able to be traded again, and everyone is losing their minds that they are "available to dump". They were more freaking available to dump when they were where they were supposed to be.
I tend to agree with your opinion.
January 07, 2015, 06:31:00 AM
they on the omve, only 4100 left - https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
January 07, 2015, 06:30:06 AM
The practical implications of this are that there are now 18,000+ BTC that the market has to absorb which could bring down price.
Nah, that's what makes me see the market as totally irrational, when they were at bitstamp, any or all of them could be sold at the drop of a hat, they might have been whale coins that were about to be dumped, we don't know, but here they are, out on the blockchain, nominally an hour away from being able to be traded again, and everyone is losing their minds that they are "available to dump". They were more freaking available to dump when they were where they were supposed to be.
January 07, 2015, 06:17:47 AM
Ok I was wrong that the price was caused by the hacked bitcoin getting dumped but have anybody seen the movement just about 10 minutes ago? It was all green and now going to red with small amounts being transferred out portion by portion.
January 07, 2015, 05:39:29 AM
I guess people see that coins are stolen and sell in anticipation of a dump by the thief.
This is the key to successful speculation - anticipate the anticipators.
January 07, 2015, 05:38:28 AM
He can buy 18K BTC worth of darkcoin
I very much doubt it. We are talking about $5 mil worth of BTC here. The whole DarkCoin market is about $8.
Plus, I think the OP's point was that the stolen coins have not moved - not that they cannot be sold. It would be interesting to monitor this address and see when the coins start being spent.
See update, coins are moving now.
January 07, 2015, 05:34:14 AM
He can buy 18K BTC worth of darkcoin
I very much doubt it. We are talking about $5 mil worth of BTC here. The whole DarkCoin market is about $8.
Plus, I think the OP's point was that the stolen coins have not moved - not that they cannot be sold. It would be interesting to monitor this address and see when the coins start being spent.
January 07, 2015, 05:23:29 AM
People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.
So just stop... please... thanks already...
Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.
So just stop... please... thanks already...
That's hacker address
Still confuse about the impact bit stamp hacked to bit coin price
That is the address the coins were consolidated in after the hack.
The practical implications of this are that there are now 18,000+ BTC that the market has to absorb which could bring down price.
However, these coins can't be sold on an exchange because they are marked and that would identify the hacker.
Also, Bitstamp is now short 18,000+ coins which they may need to buy on the open market which could cause the price to increase.
And finally, Coinbase and others were using Bitstamp to place their orders. Now that Bitstamp is down their volume will be shifted onto other exchanges temporarily increasing the price (This is what probably caused the rise 12 hours ago).
Bitstamp won't have to buy bitcoins on the open or any other market. Their reserves are well-stocked. In fact, probably the latest bitcoin wallet address belongs to them, if not 5 of the top 10.
Yeah, the loss only represents 10% of their total and they could just carry on the way they are with no problems... However, if they don't have 5 mil+ of surplus coins laying around then they will be running a fractional reserve which means no one is going to trust them again. Their last audit was about a year ago so after they are back up and running there are going to be calls for them to prove their reserves and to give details of the hack.
January 07, 2015, 05:18:08 AM
People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.
So just stop... please... thanks already...
Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.
So just stop... please... thanks already...
That's hacker address
Still confuse about the impact bit stamp hacked to bit coin price
That is the address the coins were consolidated in after the hack.
The practical implications of this are that there are now 18,000+ BTC that the market has to absorb which could bring down price.
However, these coins can't be sold on an exchange because they are marked and that would identify the hacker.
Also, Bitstamp is now short 18,000+ coins which they may need to buy on the open market which could cause the price to increase.
And finally, Coinbase and others were using Bitstamp to place their orders. Now that Bitstamp is down their volume will be shifted onto other exchanges temporarily increasing the price (This is what probably caused the rise 12 hours ago).
Bitstamp won't have to buy bitcoins on the open or any other market. Their reserves are well-stocked. In fact, probably the latest bitcoin wallet address belongs to them, if not 5 of the top 10.
January 07, 2015, 05:15:17 AM
OK... here they go...
Being moved out of the address they were sent to...
https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
Being moved out of the address they were sent to...
https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
Epic!
Wondering who'll follow them all
"I will follow them, wherever they may go..."
January 07, 2015, 05:13:40 AM
People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.
So just stop... please... thanks already...
Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.
So just stop... please... thanks already...
That's hacker address
Still confuse about the impact bit stamp hacked to bit coin price
That is the address the coins were consolidated in after the hack.
The practical implications of this are that there are now 18,000+ BTC that the market has to absorb which could bring down price.
However, these coins can't be sold on an exchange because they are marked and that would identify the hacker.
Also, Bitstamp is now short 18,000+ coins which they may need to buy on the open market which could cause the price to increase.
And finally, Coinbase and others were using Bitstamp to place their orders. Now that Bitstamp is down their volume will be shifted onto other exchanges temporarily increasing the price (This is what probably caused the rise 12 hours ago).
January 07, 2015, 05:07:26 AM
People keep attributing the fall to $270 on the 19k coins being dumped on Finex or other exchange(s). This is not the case!! The coins haven't moved out of the address they were sent to ----- > https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.
So just stop... please... thanks already...
Could the fall have been due to dumping precipitated by insider info..? yes. Were the hacked Bitstamp coins dumped..? no. Can the coins be dumped..? not easily and definitely not in a way that is going to crash the market further.
So just stop... please... thanks already...
That's hacker address
Still confuse about the impact bit stamp hacked to bit coin price
January 07, 2015, 04:58:35 AM
OK... here they go...
Being moved out of the address they were sent to...
https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
Being moved out of the address they were sent to...
https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf
Epic!
Wondering who'll follow them all
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