What if you received Bitcoin from this wallet - page 2.

muslol67

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

You can use mixer apps easily and your BTC's will be untraceable. So it doesn't matter where Bitcoin comes from. It's not that hard to make it untraceable.

7788bitcoin

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

Then one day you woke up and found out you received 10000 Bitcoin
from a wallet coming from one hacker's wallet who just hacked one big exchange..
And so many people know who you are where you are located and your status in life
because you are using only one address...

If that happens it is a case of morality, rarely does these things happen and if you are certain that the coins came from someone who stole an exchange all you have to do is to report to the authorities and contact that exchange and i am sure you will be safe and they will inform what to do with the coins and when to return them and you might even get a reward for your honesty Wink

.

babysweetTiger0401

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

Well, in that case obviously if this happens to me I am surely rich, that is worth 5.7 billions here in my country fiat currency.
And would be hard and difficult for the government to find me because the address I have on my kyc is not permanent. But the problem is
probably, if I try to renew new my documents due to it will expires they will surely monitoring the due date of my identity on my personal
documents.

Harlot

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Merit: 671

I'm more worried about the legal shit you will go through if the authorities were able to track down the Bitcoin to your address. You might not be involved in the crime but they will always see it as an incriminating evidence, that's how it usually works. And if you think it's a good idea to keep the Bitcoins you randomly receive then think again, it's not yours and the one who send it to you knows your address the last thing you want is to incriminate you more on what you are doing or be in some kind of entrapment operation by a police doing dirty work for the government.

Lucius

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

~snip~

There is no point in hold that Bitcoins if it is publicly known who is behind the address, so best move is to return that coins to exchange and maybe they will reward you because you honestly returned something that was stolen.

Personally, I wouldn't mind keeping some coins that some rich user is send by mistake to my address, but hacked coins from exchange is something else entirely, because they belong to many small users.

Not using KYC is very difficult nowadays, but changing BTC address is very easy to do. But on this forum we do not have KYC, so signed message does not constitute a breach of our privacy. But we are not completely anonymous on this forum if we not use TOR or VPN, and in case we do something bad and using our real IP, admins can give such data if they receive a request from the relevant services.

finaleshot2016

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Then give it back to the same address that gives to you, simple solution. It means that you really don't own that BTC and make sure that you're not capable of hacking an exchange.

Well, in the exchange platform's situation, it's their fault to have a low quality of security. They should be aware on the start that the platform was functioning online, so hacking is very common.

gentlemand

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Quote from: adaseb on August 11, 2019, 01:00:06 AM

Most hacked coins usually are never moved. Last I checked the ETH DAO hack address he managed to send a small amount to Shapeshift before they started to blacklist his deposits and its been sitting there since 2016 pretty much.

Same with the other hacks. They tried to move small amounts and got nowhere pretty much. As soon as the coins are moved, people get alerted and alarms start to go off.

The biggest hack of all was XEM from Coincheck worth over $500 million at the time. It looks like the hacker got away with it and sold the coins.

He set up a 'discount' shopfront on a .onion domain and kept running coins through new wallets so the trackers couldn't keep up with him. Also quite a few exchanges didn't give the slightest fuck even when presented with the evidence.

Onuohakk

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I will totally reject a surprise amount of bitcoin from a source I dont know about because I can't expose myself with threats around. There's something more to this life than money. I don't want to be rich and popular without rest of mind.

buwaytress

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Quote from: leea-1334 on August 11, 2019, 01:06:02 AM

Quote from: pooya87 on August 10, 2019, 10:31:51 PM

someone who steals $100 million+ is not going to send it to some random address. why would they go through the trouble of stealing the coins in first place Tongue

but hypothetically speaking you should simply send it back because it is not yours. of course first thing you need is the other party (the hacked exchange here) to prove the coins were theirs and came from their addresses.

as for KYC, you should avoid it not just because of hypotheticals but because of reality of how your documents that you submit with ICOs or altcoin exchanges are surely being sold already.

I agree here,,, unless it is a big organization or a big hacker who already has so much money. No one goes through all that trouble and then only does something random like this. After all, if they wanted, they could just steal a lot more and destroy it all if they truly wanted to disrupt the service. It would never happen!

I'd say hypothetically, $100 million is rather easy to sell without KYC. There are at least two ways I can think of.

The first is really easy, just sell my BTC at ATMs. Go to a place in western Europe with many (I would say Netherlands for example). General Bytes ATMs, which are the most common there, allow you to sell EUR 10,000 per day WITHOUT KYC. Sure, you lose a 10% cut but with the convenience, cash (!) and almost no way to trace it to you. 10k means I could visit 10 ATMs and be done with it in a day.

Second way is just a decentralised P2P marketplace like BISQ. No KYC, but I'm not sure you could find a lot of people fast, and all their buys to your bank account would probably raise a few flags.

leea-1334

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Quote from: pooya87 on August 10, 2019, 10:31:51 PM

someone who steals $100 million+ is not going to send it to some random address. why would they go through the trouble of stealing the coins in first place Tongue

but hypothetically speaking you should simply send it back because it is not yours. of course first thing you need is the other party (the hacked exchange here) to prove the coins were theirs and came from their addresses.

as for KYC, you should avoid it not just because of hypotheticals but because of reality of how your documents that you submit with ICOs or altcoin exchanges are surely being sold already.

I agree here,,, unless it is a big organization or a big hacker who already has so much money. No one goes through all that trouble and then only does something random like this. After all, if they wanted, they could just steal a lot more and destroy it all if they truly wanted to disrupt the service. It would never happen!

adaseb

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Most hacked coins usually are never moved. Last I checked the ETH DAO hack address he managed to send a small amount to Shapeshift before they started to blacklist his deposits and its been sitting there since 2016 pretty much.

Same with the other hacks. They tried to move small amounts and got nowhere pretty much. As soon as the coins are moved, people get alerted and alarms start to go off.

Like a few months back, some coin or exchange got hacked, people kept monitoring it and it got transfered to Binanace and people alerted the CEO and it got halted there.

fiulpro

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

If a hacker hacked 1000 BTC , he won't use to to frame other people , he will actually use it to get money , liquidate it before it's tracked.
He can might as well take those bitcoins and do anything with them , and it's not 1-2 BTC their value is way beyond the amount he could possibly afford to loose.
Even if someone is paying him something to actually do that then I assure you the reward won't be more than this.

But whatever you said is right , KYC and also using one address is actually bad for your name.

Download wallet like samourai and get going, simple.

ethereumhunter

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

I think giving back the bitcoin to the sender will be a good choice as our identity has revealed to the public and we don't want to get something bad happens to us. But to be honest, if I am in that situations, I will confuse to decide, maybe I need to wait for a moment and share my story to some of my friends because I have one or more friends who might know how to solve this and I think they can give the good solution.

BlackFor3st

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KYC only bring a disadvantage to all the people who submitted their documents in exchange for few dollars or tokens from any project. If the owner of that project will decide to sell all those information's and it will be use in shady transactions then you will be in danger for sure.

It's kinda difficult to defend yourselves in this kind of happenings but I am just hoping that it will not happen and all the project owners will secure the KYC documents.

xSkylarx

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Activity: 2352

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

If my privacy and security is compromise then I have no choice but to surrender that amount of bitcoin. If I'm accussed for something I haven't done, I would not risk myself in danger to the authorities.

Imagine a life of having that amount of bitcoin but you can't even spend it because it was stolen by someome and you need to hide because you were held responsible for it.

pooya87

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someone who steals $100 million+ is not going to send it to some random address. why would they go through the trouble of stealing the coins in first place Tongue

but hypothetically speaking you should simply send it back because it is not yours. of course first thing you need is the other party (the hacked exchange here) to prove the coins were theirs and came from their addresses.

as for KYC, you should avoid it not just because of hypotheticals but because of reality of how your documents that you submit with ICOs or altcoin exchanges are surely being sold already.

meanwords

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Activity: 1624

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

You'll be trusted by the moderators when you return the money. It's not like you will be able to do anything in it. You'll be targeted by everyone, and I mean everyone, be it police or some kidnappers. It'll be dangerous if you don't return the money as soon as possible and make it public because people will think that you still have the money and who knows what might people do to you.

It's okay to use KYC and one address, what's dangerous is when you do illegal stuff.

ityandsyn

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

If it will be happened to me , I will return it to the exchange to avoid further complict , since we are using Blockchain technology and it will be tracked by authority so it's better to be fair to everyone or else you'll be jailed someday.

Baofeng

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Quote from: seoincorporation on August 10, 2019, 08:45:07 PM

Coins are yours at the moment they hit your wallet, and it's your decision what to do with them. If you send them back, the society would say thanks, if you keep them and people know the source from those coins, then you could go to jail.

Another option is to send them back to the address it comes from.

I would rather send them back to the address, I don't want to involved myself from criminals. Although there's a lot of ways to hide like using a bitcoin mixing services, but in the long run, it might bring harm than good to you. I'm sure anyone will be tempted to hold the funds and liquidate and enjoy it for the rest of your life, but who knows, maybe one day authorities came knocking in your door and all that enjoyment and riches you have will be replace by jail time, ouch!!!.

seoincorporation

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Quote from: coin-investor on August 10, 2019, 01:33:56 PM

Ok you are an old member of this forum and you have staked your address, so you can recover it in case your account was hacked.

and you also did a KYC from airdrops, bounty campaigns, and various exchanges.

And on all these activities, you'll only use one address

Then one day you woke up and found out you received 10000 Bitcoin

from a wallet coming from one hacker's wallet who just hacked one big exchange..

And so many people know who you are where you are located and your status in life
because you are using only one address...

So what do you think will happen to you now..

This might very fictional but the possibility is there.

What I'm trying to emphasize is to avoid KYC and using only one address.

Coins are yours at the moment they hit your wallet, and it's your decision what to do with them. If you send them back, the society would say thanks, if you keep them and people know the source from those coins, then you could go to jail.

Another option is to send them back to the address it comes from.

Topic: What if you received Bitcoin from this wallet - page 2. (Read 480 times)