Topic: Two guys are chasing a Bitcoin thief - page 3. (Read 6163 times)
For small amounts wouldn't tor browser with new exchange account sell for darkcoin. Then dark to lite work? I would find that extremely difficult to trace no?
Hadn't heard about this, thanks for sharing though it's quite interesting haha.
All he has to do is send the coins to localbitcoins, sell them there, for cash, and he is golden. Not rocket science.
You don't understand forensic computer science very well and so far the thief doesn't appear to either. This thief is moving a HUGE amount of mostly very traceable money.
One little slip up with ALL that money, just one, and/or one little assist from those with a "grasp" on TOR and what not
, and he is caught. It may happen now, in a few months, or even years.But, I'd say he is as good as caught.
Its About Sharing
I understand completely actually.
He sends the btc to a localbtc address. There is no way that you know that the address he sends to is a localbtc address. All you know is that he sent the coins to another wallet. He sells for cash. Localbtc transfers coins to buyer.
How are you going to trace him? You can keep following the coins, but you will be chasing the wrong person.
All he has to do is send the coins to localbitcoins, sell them there, for cash, and he is golden. Not rocket science.
You don't understand forensic computer science very well and so far the thief doesn't appear to either. This thief is moving a HUGE amount of mostly very traceable money.
One little slip up with ALL that money, just one, and/or one little assist from those with a "grasp" on TOR and what not
, and he is caught. It may happen now, in a few months, or even years.But, I'd say he is as good as caught.
Its About Sharing
All he has to do is send the coins to localbitcoins, sell them there, for cash, and he is golden. Not rocket science.
interesting article..didn`t hear the story before. Dam guys stop posting ideas of how to lose track of stolen coins..a lot of hackes happening lately, we must find solutions for this sh|t..it really is bad for bitcoin system..
The solution is to protect your own damn bitcoins.
What happens if the thiefs convert their bitcoins into zerocoins? wouldn't that make it pretty much impossible to find then
The guys who receive the Bitcoins will try to exchange (at least some of) it for fiat, using an exchange. They will be caught there. Once they are caught, it won't take much time to find the guy who gave them the Bitcoins. (The exchanges need verification to a high level, to barter large amounts of coins, be it Bitstamp, or be it BTC-E).
Agreed. It is just a matter of time. When you steal soooo many coins, soooo many people are watching the movements.
And on top of that there are many Forensic guys that don't post here and are making it their pet project.
So, you have a guy injecting hit .000666 btc into every transaction they can find and others following with or without that.
Just a matter of time. They will slip up somewhere or a problem with the VPN, or just something unexpected...
What happens if the thiefs convert their bitcoins into zerocoins? wouldn't that make it pretty much impossible to find then
The guys who receive the Bitcoins will try to exchange (at least some of) it for fiat, using an exchange. They will be caught there. Once they are caught, it won't take much time to find the guy who gave them the Bitcoins. (The exchanges need verification to a high level, to barter large amounts of coins, be it Bitstamp, or be it BTC-E).
WOW, that's one hell of a story! Yeah, he must be the only person on the planet who wishes he didn't have so many Bitcoins 
What happens if the thiefs convert their bitcoins into zerocoins? wouldn't that make it pretty much impossible to find then
If he wanted to donate them, he would have done so. If he needs ideas, here are some:
Donate some of them to Gox, that will made a lot of people happy. Start a faucet with random giveaways from 0.01 to 1 btc. Pick random members here and send them 1 btc...
Donate some of them to Gox, that will made a lot of people happy. Start a faucet with random giveaways from 0.01 to 1 btc. Pick random members here and send them 1 btc...
Both cases are risky for the thief. If he don't use a mixer, he will be immediately tracked. Especially true with the 2nd option.
ps - Thief, if you are listening, just donate the bitcoins to wikileakes and other disruptive technology firms...
If he wanted to donate them, he would have done so. If he needs ideas, here are some:
Donate some of them to Gox, that will made a lot of people happy. Start a faucet with random giveaways from 0.01 to 1 btc. Pick random members here and send them 1 btc...
Great read. The thing is, this guy(s) just needs to make 1 mistake. It might not even be his mistake. e.g. The NSA gets their hands on the VPN provider, etc. and tracks him down.
Even years later tech might come out to do better tracking and if ANYWHERE along the line he made 1 mistake, that could be the straw that breaks him.
I think it is a matter of time before we start seeing some big thieves get busted. Also, Forensic analysis and analysts are not posting and are following. I think the thief gets nabbed.
IAS
ps - Thief, if you are listening, just donate the bitcoins to wikileakes and other disruptive technology firms...
Even years later tech might come out to do better tracking and if ANYWHERE along the line he made 1 mistake, that could be the straw that breaks him.
I think it is a matter of time before we start seeing some big thieves get busted. Also, Forensic analysis and analysts are not posting and are following. I think the thief gets nabbed.
IAS
ps - Thief, if you are listening, just donate the bitcoins to wikileakes and other disruptive technology firms...
"the two chasers began sending the thief tiny fractions of Bitcoins, specifically 0.00666 Bitcoins"
Well my guess is they are only giving him more coins to spend, they just can not keep dropping small amount on all new addresses.
nice read btw!
Well my guess is they are only giving him more coins to spend, they just can not keep dropping small amount on all new addresses.
nice read btw!
Nope.... they deposited the coins in less than 100 wallets. That means that they spent less than 1 BTC. So not a very large sum for someone who has already lost BTC100 or BTC1,000 in the theft.
interesting article..didn`t hear the story before. Dam guys stop posting ideas of how to lose track of stolen coins..a lot of hackes happening lately, we must find solutions for this sh|t..it really is bad for bitcoin system..
"the two chasers began sending the thief tiny fractions of Bitcoins, specifically 0.00666 Bitcoins"
Well my guess is they are only giving him more coins to spend, they just can not keep dropping small amount on all new addresses.
nice read btw!
Well my guess is they are only giving him more coins to spend, they just can not keep dropping small amount on all new addresses.
nice read btw!
i laugh at these "trackers".
spending all their lives looking at blockexplorer.com thinking it will reveal the persons real life home address.
while the thief can make 20 usernames on 10 different exchanges. (200 accounts)
then
1. deposit 100 bitcoins
2. then go into profile settings of account and generate a new address.
3. repeat 1 & 2. four more times to get 500btc into one account.
4. buy litecoin and withdraw to a litecoin address.
5. go to next account and repeat 1-4
now the "trackers" are seeing bitcoin is being moved, they see 100btc go to an address, and then get split up again. they think its the theif splitting it up, yet the reality if splits below 100btc are other people withdrawing from the exchange mixer.
so the "trackers" are watching all these very small bitcoin transactions, whilst the theif is now playing with litecoins and moving them to an exchange where he can cash out.
there are other coins such as 21coin 42coin 66coin, where their values are of multiple bitcoin. meaning that exchanges wont see as much of a alt coin grab event compared to grabbing thousands of litecoin.
oh shit money laundering through altcoins o.o nicee..spending all their lives looking at blockexplorer.com thinking it will reveal the persons real life home address.
while the thief can make 20 usernames on 10 different exchanges. (200 accounts)
then
1. deposit 100 bitcoins
2. then go into profile settings of account and generate a new address.
3. repeat 1 & 2. four more times to get 500btc into one account.
4. buy litecoin and withdraw to a litecoin address.
5. go to next account and repeat 1-4
now the "trackers" are seeing bitcoin is being moved, they see 100btc go to an address, and then get split up again. they think its the theif splitting it up, yet the reality if splits below 100btc are other people withdrawing from the exchange mixer.
so the "trackers" are watching all these very small bitcoin transactions, whilst the theif is now playing with litecoins and moving them to an exchange where he can cash out.
there are other coins such as 21coin 42coin 66coin, where their values are of multiple bitcoin. meaning that exchanges wont see as much of a alt coin grab event compared to grabbing thousands of litecoin.
And just imagine, jumping around from altcoin to altcoin. You can also use Darkcoin to really mess up the trail. And as the market caps gets bigger and bigger, laundering very large sums of money will get easier and easier.
interesting read, thanks!
From when is this article? 99,000 = $100mill? Even if they find thief what are they going to do to him, call the police on him? You can't do nothing to the person who stole your BTCs
not to be a dick or anything, but "cant do nothing" is a double negative. Sorry it bothers me xD
No chance , even by now i don think i heard any one got caught by stealing BTC
From when is this article? 99,000 = $100mill? Even if they find thief what are they going to do to him, call the police on him? You can't do nothing to the person who stole your BTCs
not to be a dick or anything, but "cant do nothing" is a double negative. Sorry it bothers me xD
Jump to: