Topic: What if you knew Huobi's private key? (Read 665 times)
BTCBTCWhy so doom about guessing? I didn't say that it is possible and I read replies kind "You can't do that", "There's no point to discuss it since it's impossible". I say IF. I know it's not possible.
I was browsing all the answers and maybe this is a bit technical but the address mentioned is a P2SH address used, you need multiple private keys to unlock. So there is no single "Huobi's private key" that would give you access to the funds.
What? Why?
- The address starts with a 3, this means it is a Pay 2 Script Hash
- When a payout is done to a P2SH-address the output is locked in a way that says: Whowever can provide a script that hashes to this value and can provide the needed elements to run it successfully can spent it.
- The content of the script itself is unknown (only the hash is) as long as there is nothing spent
- When using the address for spending the script gets revealed (in the ScriptSig) so you know exactly what the content is
In case of th Huobi address it's a Multisig script requiring 2 signatures, in other words you need 2 keys.
I was browsing all the answers and maybe this is a bit technical but the address mentioned is a P2SH address used, you need multiple private keys to unlock. So there is no single "Huobi's private key" that would give you access to the funds.
What? Why?
I was browsing all the answers and maybe this is a bit technical but the address mentioned is a P2SH address used, you need multiple private keys to unlock. So there is no single "Huobi's private key" that would give you access to the funds.
There's a lot of people claiming they wouldn't steal the money here.
But let's be honest. 99% of people are going to run off with the money. That's $2.9 billion right there.
There are a huge number of people living in third world countries on this forum, many of which suffer from struggles that we don't even understand.
If you're given the chance to save your family, at the expense of others, nearly everybody would do it.
The best scenario would be to just take a tiny fraction of it, such that Huobi can cover the losses—Binance SAFU fund style. This would only impact the Huobi shareholders, rather than the entire exchange userbase.
But let's be honest. 99% of people are going to run off with the money. That's $2.9 billion right there.
There are a huge number of people living in third world countries on this forum, many of which suffer from struggles that we don't even understand.
If you're given the chance to save your family, at the expense of others, nearly everybody would do it.
The best scenario would be to just take a tiny fraction of it, such that Huobi can cover the losses—Binance SAFU fund style. This would only impact the Huobi shareholders, rather than the entire exchange userbase.
I'm probably one of those people who would choose to run with that amount of money. I just don't know how to hide though. Its just too easy to spot a person like me who looks like who has nothing in life but have money to spend lol. That would make me very suspicious to authorities.
My point is that I have no where else to go and cashing out bit by bit will only allow me being exposed everyday.
If ever we come to know and want those btc either you leave as it and do nothing and if want to use, I would sell some and distribute the required handy stuff to the needy people at this current situation. World is facing the major issue on this pandemic and millions of people are going through worst of their life. So atleast helping them would give some positive points in the life.
First of all, I don’t see why I should be taking or stealing what does not belong to me? If I’m in a position where I have the private keys to their wallet address, stealing it wouldn’t be a good thing for me to do. Depending on my mood, I might just give it back to them and also let them know what happened and tell them to be very careful next time. If not that, I might be making a deal with them, by letting them know that I would have stolen those coins but never did that, so I don’t see anything wrong with them tipping me right?
And just like you have said, in the other way round, if you steal the coin you’re going to eventually get caught. So it’s best you just leave it to them or you make some deal with them. It’s all your choice. As for stealing it? Nope, not a good idea. Even if I can get away with it, I still wouldn’t do that, because I have good values.
And just like you have said, in the other way round, if you steal the coin you’re going to eventually get caught. So it’s best you just leave it to them or you make some deal with them. It’s all your choice. As for stealing it? Nope, not a good idea. Even if I can get away with it, I still wouldn’t do that, because I have good values.
There's a lot of people claiming they wouldn't steal the money here.
But let's be honest. 99% of people are going to run off with the money. That's $2.9 billion right there.
There are a huge number of people living in third world countries on this forum, many of which suffer from struggles that we don't even understand.
If you're given the chance to save your family, at the expense of others, nearly everybody would do it.
The best scenario would be to just take a tiny fraction of it, such that Huobi can cover the losses—Binance SAFU fund style. This would only impact the Huobi shareholders, rather than the entire exchange userbase.
I wouldn't generalize that heavily.But let's be honest. 99% of people are going to run off with the money. That's $2.9 billion right there.
There are a huge number of people living in third world countries on this forum, many of which suffer from struggles that we don't even understand.
If you're given the chance to save your family, at the expense of others, nearly everybody would do it.
The best scenario would be to just take a tiny fraction of it, such that Huobi can cover the losses—Binance SAFU fund style. This would only impact the Huobi shareholders, rather than the entire exchange userbase.
Would you take the insane risk to take almost $3B out of one of the top crypto exchanges in the world and run away with it? I wouldn't. I wouldn't do it even if I was quite sure I'd do it so that I wouldn't be found out later. Besides the purely insane risk of being caught for the largest BTC heist in crypto history, karma would hit me hard as well. Definitely not worth it.
A while ago, I was asked what would I do if I knew there's a certain empty house around my city that holds $1M inside: steal it or leave it? I'd in all honesty rather choose the latter. In this case, it'd be so much more elegant, appreciated and risk-free to simply ask them for a bounty - and you wouldn't live your entire life under the constant terrorizing fear of being caught.
There's a lot of people claiming they wouldn't steal the money here.
But let's be honest. 99% of people are going to run off with the money. That's $2.9 billion right there.
There are a huge number of people living in third world countries on this forum, many of which suffer from struggles that we don't even understand.
If you're given the chance to save your family, at the expense of others, nearly everybody would do it.
The best scenario would be to just take a tiny fraction of it, such that Huobi can cover the losses—Binance SAFU fund style. This would only impact the Huobi shareholders, rather than the entire exchange userbase.
But let's be honest. 99% of people are going to run off with the money. That's $2.9 billion right there.
There are a huge number of people living in third world countries on this forum, many of which suffer from struggles that we don't even understand.
If you're given the chance to save your family, at the expense of others, nearly everybody would do it.
The best scenario would be to just take a tiny fraction of it, such that Huobi can cover the losses—Binance SAFU fund style. This would only impact the Huobi shareholders, rather than the entire exchange userbase.
I prefer to be honest 255k is such a huge amount of money that they will do everything to run after you, this is not fiat where you can use right away and cannot trace any movement of that Bitcoin, you will be track and recorded and you will spend a lot of time trying to run and transact these Bitcoins, of course you can use mixer but they will eventually caught you.
Indeed, I wonder what makes OP ask this kind of question. Are you jealous of the amount that Houbi wallet is holding @OP? Even if I know the private key of that wallet, I would not dare to steal the fund on it because I am sure that lots of people will be affected. I am living a good peaceful life, why would I make my life miserable? I won't exchange my peace of mind with that amount of money. And it is wrong to longed for someone's belonging.
Its never possible to find the privet key .Its an imagine only or you can dream that you find this .If possible Houbi will definitely track you and you never sleep a moment that you have stolen and they will track you for sure .Ohs the moment will be complicated and i can't just imagine it for now.
maybe not as easy as we would imagine, if the thief has done it means they have also learned how they can not be pursued. there is no thief who wants to be caught easily after doing so.every action let alone its relationship with crypto is certainly not an arbitrary thief involved there and it is clear they have prepared what will be done so that it cannot be traced.
each thief is sometimes a step ahead of those who trace their path.
Its never possible to find the privet key .Its an imagine only or you can dream that you find this .If possible Houbi will definitely track you and you never sleep a moment that you have stolen and they will track you for sure .Ohs the moment will be complicated and i can't just imagine it for now.
How about inside job? there's still possibilities that this key will be stolen by someone who
are also working inside this exchange right?
OP's point are valid in terms of tracing every movements that this hackers might take, especially
now that this not new anymore from this space.
Houbi teams will do everything to trace their missing BTC, and every sign regarding to this stolen
coins will be sort one by one.
In terms of panics, this kind of news will reflect right away and it will be a turning point for weak holders
to panic and ride with the possible fall.
That's way too tempting for anyone for have this huge amount of money. But, you can't ignore the guilt of stealing thousands of Bitcoin from people. Doesn't mater what you do with the money and there is no difference if you just steal one single bitcoin or thousands Bitcoin, in all cased it's called stealing and the person who do this is a dirty thief. However, people can always try to make the Bitcoins untraceable using tails os and onion network, plus a valid mixer. But, nothing can guarantee their security after doing such crime.
Let's assume that you guess the correct private key of Huobi's cold wallet. What would you do?
35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP right now has 255,502BTC
If you steal them, there are many bad cases. First of all (I'm not sure), they may find your IP address that you did that. If you send an information of 255kBTC the node that will receive it (if you use a wallet) will know your IP address. It's a matter of time to find you. (if you're unlucky too)
If you are a node, the first node(s) that will receive it will know you're the guy.
The other bad case is that bitcoin price will drop DRAMATICALLY! Imagine yourself reading the news that some hackers stole 255kBTC, wouldn't you be a bit afraid? Especially the other rich addresses, that knew how much Huobi was protecting it. We would forget the possible $20k of 2021.
So even 1 satoshi or 255kBTC would make you a thief that could end up in a difficult situation.
On the other hand, you only live once, hah?
35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP right now has 255,502BTC
If you steal them, there are many bad cases. First of all (I'm not sure), they may find your IP address that you did that. If you send an information of 255kBTC the node that will receive it (if you use a wallet) will know your IP address. It's a matter of time to find you. (if you're unlucky too)
If you are a node, the first node(s) that will receive it will know you're the guy.
The other bad case is that bitcoin price will drop DRAMATICALLY! Imagine yourself reading the news that some hackers stole 255kBTC, wouldn't you be a bit afraid? Especially the other rich addresses, that knew how much Huobi was protecting it. We would forget the possible $20k of 2021.
So even 1 satoshi or 255kBTC would make you a thief that could end up in a difficult situation.
On the other hand, you only live once, hah?
I prefer to be honest 255k is such a huge amount of money that they will do everything to run after you, this is not fiat where you can use right away and cannot trace any movement of that Bitcoin, you will be track and recorded and you will spend a lot of time trying to run and transact these Bitcoins, of course you can use mixer but they will eventually caught you.
OP was asking to speculate. I'm pretty sure he knows it's not possible to guess the key or just have it fall into our laps.
But yeah I'm like pixie on first page.
Make a grand announcement, sign from the address to write to their support, and tell them, if you like me for NOT stealing your btc and not making this public, I accept tips at this btc address etc;)
Make friends, it's much better long term and you don't have to watch your back spending bad money.
But yeah I'm like pixie on first page.
Make a grand announcement, sign from the address to write to their support, and tell them, if you like me for NOT stealing your btc and not making this public, I accept tips at this btc address etc;)
Make friends, it's much better long term and you don't have to watch your back spending bad money.
I wonder what makes you think of knowing the private key of a whole exchange platform. Huobi is not daft not to protect their private key with their life. However, nothing is impossible and we can compare this with the bitfinex hacks that happened long time ago. Recent crypto whale alert shows that the stolen bitcoin from that hacks is still being moved from one wallet to the other and probably being mixed and sold. You have mentioned IP address but you should know that most of this hacker will make use of technology that we either hide their IP or provide fake one
I would message them ASAP and let them know about it. I guess they'd give out a sweet bounty as well for not stealing their BTCs. 
Stealing all that amount of BTC wouldn't be worth it in the long run. Imagine you steal it all and mistakenly reveal a little but crucial information enough for blockchain analysis companies and authorities to identify you. And then, imagine having to live forever the constant fear of being found out.
I'd rather enjoy a little $100 bounty (or even nothing) than strip their funds off.
Stealing all that amount of BTC wouldn't be worth it in the long run. Imagine you steal it all and mistakenly reveal a little but crucial information enough for blockchain analysis companies and authorities to identify you. And then, imagine having to live forever the constant fear of being found out.I'd rather enjoy a little $100 bounty (or even nothing) than strip their funds off.
Let's assume that you guess the correct private key of Huobi's cold wallet. What would you do?
35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP right now has 255,502BTC
If you steal them, there are many bad cases. First of all (I'm not sure), they may find your IP address that you did that. If you send an information of 255kBTC the node that will receive it (if you use a wallet) will know your IP address. It's a matter of time to find you. (if you're unlucky too)
If you are a node, the first node(s) that will receive it will know you're the guy.
The other bad case is that bitcoin price will drop DRAMATICALLY! Imagine yourself reading the news that some hackers stole 255kBTC, wouldn't you be a bit afraid? Especially the other rich addresses, that knew how much Huobi was protecting it. We would forget the possible $20k of 2021.
So even 1 satoshi or 255kBTC would make you a thief that could end up in a difficult situation.
On the other hand, you only live once, hah?
35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP right now has 255,502BTC
If you steal them, there are many bad cases. First of all (I'm not sure), they may find your IP address that you did that. If you send an information of 255kBTC the node that will receive it (if you use a wallet) will know your IP address. It's a matter of time to find you. (if you're unlucky too)
If you are a node, the first node(s) that will receive it will know you're the guy.
The other bad case is that bitcoin price will drop DRAMATICALLY! Imagine yourself reading the news that some hackers stole 255kBTC, wouldn't you be a bit afraid? Especially the other rich addresses, that knew how much Huobi was protecting it. We would forget the possible $20k of 2021.
So even 1 satoshi or 255kBTC would make you a thief that could end up in a difficult situation.
On the other hand, you only live once, hah?
I would contact Huobi and ask them how much BTC they are willing to donate to have the funds delivered back to them safely? What is it worth to you to have 255,000 BTC? I don't need 255,000 hell 100 would be all I would ever want... I would sell 75 at the next ATH. Sit on 25 and buy back in after the next crash shortly after this next Bull Run.
Who needs that much money? Think of it like this. it would take a person 1000 years to spend 1 Billion dollars, If they were to budget their money and only spend 1 million dollars a year! I average like $400 a week every paycheck. I could liver EXTREMELY HAPPILY with only 100k a year. No one needs that amount of money. Only Satoshi himself deserves a salary that high!
~ Also the address to which these bitcoins will go most probably get blacklisted from the exchanges and then selling those bitcoins will be extremely difficult, but sure you will be living a pretty great life if you get that address's private key.
We have seen billions of dollars worth of hacks and scams and most of the time they were able to get away with it, sure the exchanges will be blacklisting the coins and the rest of the exchanges and mixers will work along with them, to be frank if we had that kind of unity to combat scam and hacks the market would have been better and we all know that is not the case. 
The word is "almost", not always, and I hope you have read the whole context of my comment that I'm talking about the Huobi's wallet not with any random guy's wallet.
I'm totally aware about the scam and hack happening in crypto space, but don't you assume when someone hacks into Huobi's wallet and they just leave it at ease without going after the hackers? Do you think they dont do everything in their power to retrieve and track the hacker? They are a multimillionaire company, they can do what's impossible for an average person.
But, then again these are just scenario and far from happening.
I gotcha. Basically the funds have to go out from Huobi's wallet to some address.
But then there are mixers out there. Distributed to even more different addresses. Maybe some @ Binance, Okex, etc... to not trigger the alarm. Since KYC is usually required for large(r) trade volumes, the hacker(s) might just conduct smaller transactions or just cashout anonymously.
I'm not a hacker myself so who knows, they might have more ways to avoid capture.
Of course the company will do its best to prevent this from happening, but it's an interesting food for thought.
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