What if you knew Huobi's private key? - page 2.

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Quote from: BlackHatCoiner on July 15, 2020, 03:06:34 PM

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?

This isn't true at all, the IP that you are using don't get revealed when you are transacting on the bitcoin network, rather the transaction always comes through a proxy, moreover you can always use a proxy to actually hide your location. Moreover this is just a hypothetical situation of you finding that private key of this wallet having 255k bitcoins in it. 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.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: BlackHatCoiner on July 20, 2020, 01:42:09 AM

Can I ask something a little off topic? Why do they keep 255kBTC on a single address? Why not on 100 for example.

possibly because handling 100 private keys securely is 10000 times harder than handling 1 key securely. and from the looks of it the address seems to be using multiple keys (multi-sig) if i am not mistaken so in a way it may look like one address but it is not really one key.

Slow death

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

honestly i would do absolutely nothing, i would pretend i don't know anything. Stealing other people is very bad especially when we know how difficult it is to get money in this world for that reason I would do absolutely nothing. I can not understand how someone can sleep and live knowing that he stole money from thousands of people? it's needed to be a monster of a person to do so much evil

blockman

hero member

Activity: 3066

Merit: 629

20BET - Premium Casino & Sportsbook

Quote from: BlackHatCoiner on July 20, 2020, 01:42:09 AM

Can I ask something a little off topic? Why do they keep 255kBTC on a single address? Why not on 100 for example.

Probably to be more organized and for the exposure, their address is shown at the top richest bitcoin addresses and if they will scatter it on several addresses probably they have it already and that address is the most that they have or the main wallet. The exposure is somewhat related to business that they have the guarantee that they have the funds so traders could come and go on their exchange. That's my wild guess.

Kez1817

member

Activity: 909

Merit: 17

www.cd3d.app

Quote from: BlackHatCoiner on July 15, 2020, 03:06:34 PM

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?

You already know what will happen if ever and all consequences when you do that ,then why you are going to try to steal the wealth of huobi or to try hacking their private key? Are you out of your mind? Much better to post here those news that can give knowledge to everyone.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Can I ask something a little off topic? Why do they keep 255kBTC on a single address? Why not on 100 for example.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

Quote from: BlackHatCoiner on July 15, 2020, 03:06:34 PM

Let's assume that you guess the correct private key of Huobi's cold wallet. What would you do?

It is impossible to guess nor crack the wallet, the only option is if you are able to find a backdoor to their system but it is not possible to run away with that much coins and you will end up in jail Cheesy

.

Quote from: BlackHatCoiner on July 15, 2020, 03:06:34 PM

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 transactions are transparent and if you are hungry to eat the prison food then you can think about doing anything foolish like this but we might see a situation when all the hacks and scams will be traced in the future and every coin will have an identity and hopefully all the scammers and hackers will be behind doors.

Quote from: ?? on ??

Who is Huobi, and why does he hold so much BTC?

My great grandfather Tongue

. It is an exchange.

Oasisman

hero member

Activity: 2828

Merit: 553

Quote from: UserU on July 19, 2020, 06:09:33 AM

Quote from: Oasisman on July 19, 2020, 06:05:54 AM

~snip~

Hacks happen every now and then so it's not always impossible to run away Grin

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.

Inkdatar

hero member

Activity: 1582

Merit: 523

People can think on what to do with the money. Let’s say you guess the key of a certain exchange I think you cannot withdraw it because of the process to make it happen. Unless you hack their wallet, in any case you successfully withdraw it all there are a lot of things that could do with your money investment, buy a property, and start a business. However, in reality, it is unusual to get the exchange private key through guessing.

rexxarofmoknathal

sr. member

Activity: 980

Merit: 260

What I would do if I'd get my hands on the money Huh

Hmm, I'd use that money to invest into property development as this is quite a lucrative industry. Apart from this I'd also re-invest some into crypto coins and perhaps a little spread towards stock investments.

Nearly anything can be done with money and there are so many ways to spend money but an investor always thinks about how to make more money with the existing money and that's investment for you!

carlfebz2

hero member

Activity: 2926

Merit: 722

Lets say it did happen even though this situation is nearly possible for it happen yet we know the odds on hitting up a PK with a specific balance.
If you do able to get Houbi cold wallet PK then you will surely think all of the things that you had wished for but the question is,
would you able to withdraw? All of the eyes would be on you and moving funds will really be a hot issue.It will surely cause panic into the entire crypto market.

Its somehow pointless to discuss this topic though but this is just a what if. Grin

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Well, assuming if I guess that private key (which probably will not happen) then I guess that's not stealing right? Considering I just guess it by eg. creating a new wallet not some hacking since there's no way I will do that. But probably it's stealing once I starting to transfer the funds to another address since it's not mine literally.

If that happens then 100% I'd be nervous, it's just like I won a million-dollar lottery without having a lottery ticket. Sure I would ask someone I knew, or ask the community what actually happens. Probably they will suggest letting Huobi know about this and let them transfer the fund to another wallet they owned since I have a copy of the private key of that wallet addy.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: BlackHatCoiner on July 15, 2020, 03:06:34 PM

Let's assume that you guess the correct private key of Huobi's cold wallet. What would you do?

I'm not a thief so I'd probably try to contact them and tell them that I could have made use of that but didn't, saving them a lot of trouble and money and ask for a reward.
I'd prefer a few thousand dollars of honest money than millions and a lifetime of looking over my shoulder and taking pills before going to bed.

Quote

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?

No, I wouldn't. It's still money in the network just like Mt.Gox money or DPR's money. They all belonged to criminals at some point. All bitcoin in circulation will at some point go through the hands of criminals just like most dollar bills you use every day were one day used to buy drugs or even snort them.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: BlackHatCoiner on July 19, 2020, 12:19:52 PM

Why 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.

well i said there is no point because it has been discussed a million times under different disguises such as collision, creating the same wallet as someone else, finding the same private key twice,... otherwise if you like we can repeat it all over again!

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Why 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.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: BlackHatCoiner on July 15, 2020, 03:06:34 PM

Let's assume that you guess the correct private key of Huobi's cold wallet. What would you do?
Imagine yourself reading the news that some hackers stole 255kBTC,

there is a big difference between "guessing" the private key and "hacking" the wallet of some centralized service. the later is happening too often and even though it affects the price but in the end nobody cares about it. there has been lots of cases and many of them huge.

the former on the other hand is simply impossible and it is worth nothing discussing about it. if that happened it would be the end of bitcoin, it won't matter what the price was before or how much balance that address had! but the difference is that long before "guessing" becomes a possibility we will have had switched algorithms.

fiulpro

hero member

Activity: 1890

Merit: 831

Quote from: BlackHatCoiner on July 15, 2020, 03:06:34 PM

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?

If I did know the private key of the aforesaid person , I would not touch the coins at the end of the day we are responsible for the image of cryptocurrencies like Bitcoins and also our image in our own soul.

There is no way that I would like to think otherwise plus this is really a bad idea and I don't really like the intentions you might have had while posting this comment.

I have a local Bitcoin community , most people I know , acquaintances and they do need help sometimes with buying/selling of Bitcoins so they transfer their money to me or their cryptocurrencies in my wallet. It have never ever crossed my mind to do something pity. All am worried about is their money being safe.

If there is any money that a person should claim and respect is their own hard-earned money .

I hope the person did keep his Bitcoins safe and maybe he should shift the Bitcoins in a hardware wallet securely and these kind of information should not be posted , where did the privacy in cryptocurrencies went ?

Let's be responsible 💪

UserU

hero member

Activity: 2282

Merit: 539

I passively earned over $100 @ tinyurl.com/PIA10

Quote from: Oasisman on July 19, 2020, 06:05:54 AM

Is this post for fun? Lol
Or this is something like gathering idea of how to run away without getting caught when someone hacked into a huge amount of Bitcoin.

Well, Houbi's wallet is indeed stored with ridiculously huge amount of Bitcoin. If "I" have their private keys, I will distribute fractions of Bitcoin into different addresses randomly. Like playing the Robinhood role. Lol
Since, It's almost impossible that you're not being caught when all of the people are trying to locate you and the IP addresses that you're using.

Hacks happen every now and then so it's not always impossible to run away Grin

Oasisman

hero member

Activity: 2828

Merit: 553

Is this post for fun? Lol
Or this is something like gathering idea of how to run away without getting caught when someone hacked into a huge amount of Bitcoin.

Well, Houbi's wallet is indeed stored with ridiculously huge amount of Bitcoin. If "I" have their private keys, I will distribute fractions of Bitcoin into different addresses randomly. Like playing the Robinhood role. Lol
Since, It's almost impossible that you're not being caught when all of the people are trying to locate you and the IP addresses that you're using.

larus

jr. member

Activity: 236

Merit: 1

The best option is to tell Huobi that you actually could get it and receive some bounty for this

Topic: What if you knew Huobi's private key? - page 2. (Read 665 times)