Two guys are chasing a Bitcoin thief - page 5.

Fatpony

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Activity: 74

Merit: 10

Quote from: franky1 on April 17, 2014, 06:43:02 AM

Quote from: Fatpony on April 17, 2014, 06:39:43 AM

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

imagine it. a person goes to the police and says
person: "i was on a blackmarket and deposited bitcoins to buy drugs. and someone stole my coins"
police: "so you buy drugs from a drug dealer........ interesting, step into my office i have some questions for you"

Brilliant

Same thought about people that lost money on silkroad

Some SoB that sold drugs on his site stole my BTCs that I gave him for drugs and I never received them, I wanna sue him, or what ever.

And the prize " Idiot of the year " goes to < insert name >

franky1

legendary

Activity: 4410

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Quote from: Fatpony on April 17, 2014, 06:39:43 AM

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

imagine it. a person goes to the police and says
person: "i was on a blackmarket and deposited bitcoins to buy drugs. and someone stole my coins"
police: "so you buy drugs from a drug dealer........ interesting, step into my office i have some questions for you"

byt411

hero member

Activity: 798

Merit: 1000

Quote from: Fatpony on April 17, 2014, 06:39:43 AM

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

What the heck OP, this article is from December last year!!!
http://www.businessinsider.com/220-million-sheep-marketplace-bitcoin-theft-chase-2013-12

Fatpony

member

Activity: 74

Merit: 10

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

franky1

legendary

Activity: 4410

Merit: 4766

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.

Soros Shorts

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Quote from: crazy_rabbit on April 17, 2014, 05:44:18 AM

That said- tracking them will be childs play once google gets into the blockchain analysis game.

This Google tracking is annoying. To foil Google, I think I will generate for myself N wallet addresses, where N is greater than the number of atoms in the Milky Way. Or should that be the number of ergs in the Solar System?

gentlemand

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Welt Am Draht

If I remember rightly, this story was a while ago, it turned out that the detectives had used their super sleuthing skills to track down, er, BTC-e's wallet.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: vnvizow on April 17, 2014, 05:13:51 AM

Quote from: medUSA on April 17, 2014, 05:08:19 AM

I haven't heard of the story before, interesting read, thanks!

I think the thief should start sending small amounts to random active addresses, even member addresses found on this forum. That will make the number of address to monitor explode exponentially.

And why in the world would the thief do that?

It's better for the thief to wake up 20 years from now with 1 billion dollars and their head intact, rather then 10 billion dollars and their head on a pike somewhere.

But then again, some people like to take their chances.

That said- tracking them will be childs play once google gets into the blockchain analysis game.

MeandMissNoob

newbie

Activity: 20

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Quote from: medUSA on April 17, 2014, 05:08:19 AM

I think the thief should start sending small amounts to random active addresses,

Well it also crossed my mind. If he knows he can not run and he probably can not give it back because they will hunt for him anyway. Maybe give it away in small portions to all of us?!

It would make him the most generous thief ever.

medUSA

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--Signature Designs-- http://bit.ly/1Pjbx77

Quote from: vnvizow on April 17, 2014, 05:13:51 AM

And why in the world would the thief do that?

So he will have a higher chance of slipping some of the stolen coins through the surveillance into his real pocket. It is obvious that holding onto the bulk of the stolen coins makes it impossible to spend.

Quote from: Soros Shorts on April 17, 2014, 05:22:49 AM

To bankrupt or confuse the pursuers

Exactly my point Grin

BitCoinDream

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The revolution will be digital

A french man cheated all of us in front of our nose, where we could not do anything and you expect to catch some anonymous thief ? Cheesy

Soros Shorts

donator

Activity: 1617

Merit: 1012

Quote from: vnvizow on April 17, 2014, 05:13:51 AM

Quote from: medUSA on April 17, 2014, 05:08:19 AM

I haven't heard of the story before, interesting read, thanks!

I think the thief should start sending small amounts to random active addresses, even member addresses found on this forum. That will make the number of address to monitor explode exponentially.

And why in the world would the thief do that?

To bankrupt or confuse the pursuers? After all, they can't keep sending and monitoring those 0.00666 BTC tracer transactions to every active wallet.

vnvizow

sr. member

Activity: 364

Merit: 250

Quote from: medUSA on April 17, 2014, 05:08:19 AM

I haven't heard of the story before, interesting read, thanks!

I think the thief should start sending small amounts to random active addresses, even member addresses found on this forum. That will make the number of address to monitor explode exponentially.

And why in the world would the thief do that?

medUSA

legendary

Activity: 952

Merit: 1005

--Signature Designs-- http://bit.ly/1Pjbx77

I haven't heard of the story before, interesting read, thanks!

I think the thief should start sending small amounts to random active addresses, even member addresses found on this forum. That will make the number of address to monitor explode exponentially.

MeandMissNoob

newbie

Activity: 20

Merit: 0

Hi,

I was reading an interesting article, most of you probably already know the story. But I wanted to share it anyway Grin

http://bitforum.org/two-guys-on-reddit-are-chasing-a-thief-who-has-220-million-in-bitcoins/

Who's going to win the battle?!

Topic: Two guys are chasing a Bitcoin thief - page 5. (Read 6163 times)