What about bitcoin and ransom - page 2.

Possum577

sr. member

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Loose lips sink sigs!

Quote from: Kakmakr on November 17, 2015, 12:23:14 AM

If you use it for ransom, and the authorities subpoena 3rd parties to reveal your data, or they track the coins on the Blockchain or they trace it to the IP address with the nearest nodes accessed, you could be found. They can even subpoena services like mixers and gambling operations to trace those coins.

You would be better off, using cash drops. Roll Eyes

That's good to know. Sounds like the local stories I'm hearing about police saying "just pay it" is because the police here probably don't know how to trace it OR the effort to trace it costs more than the $300-500 in ransom.

Anyway, has anyone seen this thread yet? -> https://bitcointalksearch.org/topic/another-ransom-paid-using-bitcoin-1241607

BitMaxz

legendary

Activity: 3514

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Happy New year 🤗

I was expirienced this virus from hackers heres my link https://bitcointalksearch.org/topic/about-virus-in-electrum-wallet-1250394
He trying to hack my electrum files .
The virus that i got is ransomeware virus that you need to pay $500 for files he lock.
Anyone can you help me there i want get back my files without paying him...

~Bitcoin~

legendary

Activity: 994

Merit: 1000

I am seeing good sight regarding price of bitcoin. If more and more criminal start to demand ransom via bitcoin than people who even don't know about bitcoin will start to buy bitcoin which ultimately increases the demand and price will start to skyrocket as ranson money usually is bigger amount. Although with this i am not trying to support criminal activity.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

If you use it for ransom, and the authorities subpoena 3rd parties to reveal your data, or they track the coins on the Blockchain or they trace it to the IP address with the nearest nodes accessed, you could be found. They can even subpoena services like mixers and gambling operations to trace those coins.

You would be better off, using cash drops. Roll Eyes

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Quote from: Lauda on November 16, 2015, 06:08:29 PM

People are hypocrites. On one hand they argue that Bitcoin is not anonymous, on the other hand they all scream once someone asks for a random to be paid in Bitcoin. Make up your mind, it is either traceable or it isn't. It can't be both. Spoiler: It is traceable.

Quote from: Possum577 on November 16, 2015, 05:49:18 PM

Isn't this worrisome? Have you heard of this in your area?

Not if you have developed common sense, otherwise yes. Unless you're a complete tool security (like many) nothing is going to happen to you.

Bitcoin is being used for elicit means, so what? Compared to the use of cash for elicit means it is very tiny amount. Cash is being massively used for ransom, drugs, financing terrorism and whatnot. People need to calm down, especially the media.

Quote from: eddie13 on November 16, 2015, 06:03:26 PM

There isn't much the authorities can do in cases like that..

NSA anyone? Oh wait, I thought it was for the good of the citizens. Roll Eyes

I can't tell if you're implying that I don't have any common sense or if you're calling me a complete tool or if you're just speaking generally.

How is any bitcoin transaction traceable - enlighten us!

And as a Staff Member, you of all people shouldn't be insulting others on this Forum...(if that's what you're doing). We're just talking, no need to get heated.

Looking forward to your explanation of any transaction is traceable. Thanks!

bitbaby

hero member

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It's called ransomware and it's like a virus but instead of ruining your files and operating system it encrypts them all and demands ransom to let the users have the control of their files back. But instead of learning to take back-ups of their important files, people opt to blame others for their own carelessness, if instead of ransomware it was just a plain virus who ruins all the files, who would they blame then?

The hackers and viruses are getting advanced more and more and you can't come online without taking precautions. Bitcoin is not to be blamed here, it's a new technology and like every invention, there are people who will find ways to misuse it.

StingrayX

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Merit: 10

Quote from: Possum577 on November 16, 2015, 05:49:18 PM

hackers...demand $500 or something...paid in Bitcoin.

But sometimes the authorities are just suggesting to pay the ransom because they have no way to track the money or the person via the payment.

They can demand to be paid with gold? Dollars? Drugs? Doing criminal act like killing people? So the authority then will suggest to kill the target because they have no way to track anything?
Crazy world full of

Quote from: Lauda on November 16, 2015, 06:08:29 PM

hypocrites.

whizz94

full member

Activity: 149

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Solar Bitcoin Specialist

What complete idiots would demand that ransom money gets sent to their ?
A bitcoin address is comparable. To ask for a ransom to be sent to it is asking for it.

If any cleptomaniacs have more than 5 BTC to buy from me the technical advice of something more suitable for ransom transactions, then pm me.

maokoto

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I agree. It's not Bitcoin fault, although in the mind of not informed people it will get bad press.

At the very worse, authorities will have to rely on other clues to catch the criminals. Not all kidnappers are caught due to money being traced (I guess)

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

People are hypocrites. On one hand they argue that Bitcoin is not anonymous, on the other hand they all scream once someone asks for a random to be paid in Bitcoin. Make up your mind, it is either traceable or it isn't. It can't be both. Spoiler: It is traceable.

Quote from: Possum577 on November 16, 2015, 05:49:18 PM

Isn't this worrisome? Have you heard of this in your area?

Not if you have developed common sense, otherwise yes. Unless you're a complete tool security (like many) nothing is going to happen to you.

Bitcoin is being used for elicit means, so what? Compared to the use of cash for elicit means it is very tiny amount. Cash is being massively used for ransom, drugs, financing terrorism and whatnot. People need to calm down, especially the media.

Quote from: eddie13 on November 16, 2015, 06:03:26 PM

There isn't much the authorities can do in cases like that..

NSA anyone? Oh wait, I thought it was for the good of the citizens. Roll Eyes

eddie13

legendary

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BTC or BUST

There isn't much the authorities can do in cases like that..

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

There are stories about hackers that will hack your computer, steal your information, and then demand $500 or something...paid in Bitcoin.

We all know why Bitcoin would be use, the lack of trace-ability.

But sometimes the authorities are just suggesting to pay the ransom because they have no way to track the money or the person via the payment.

Isn't this worrisome? Have you heard of this in your area?

Topic: What about bitcoin and ransom - page 2. (Read 1846 times)