What if you received Bitcoin from this wallet - page 3.

coin-investor

hero member

Activity: 2856

Merit: 578

Leading Crypto Sports Betting & Casino Platform

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

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

is there really still people using only one address ever?
creating bitcoin address is so easy, if you just have only one address
then you haven't been practicing pseudonym transactions in cryptocurrency

Yes there are people using one address I have some friends who use only one wallet on all their transactions, airdrop and KYC

Quote from: hatshepsut93 on August 10, 2019, 04:01:55 PM

This scenario with 10,000 stolen coins is unrealistic, but there is a more likely one when someone sends you a smaller amount of very tainted coins from darknet markets. However, I don't think it immediately means jail for a victim of such attack, they can build a pretty good defense if they can demonstrate that it was a public address known to everyone and that they don't have any illegal goods in their possession.

What is scary though that just like police plants drugs and other illegal objects on people in order to extort them, they can use this trick with coins in a similar way. In fact, this already happened in Ukraine when police was seizing mining equipment while accusing miners of sending money to terrorists, although these charges were never brought to court - the police simply wanted bribes from miners.

That's true, this is one of the reasons why people should not use one dedicated address and avoid doing KYC with one address for all KYC , hackers can mislead the prosecutors by sending tainted coins to your address, so if hackers sent small amounts of tainted coins from say 100 addresses who undergone KYC and the owners of these addresses are scattered on so many locations,
the prosecutors will be busy checking these addresses and verifying each one of them.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: gentlemand on August 10, 2019, 02:36:18 PM

I would contact the exchange and send the coins straight back. Job jobbed.

It's not as if you could do much with it anyway. The moment you yourself send it to an exchange you're getting nailed for it.

Exactly, that and report it to the correct authorities, they screwed up and sent it to you, you email the fbi or local government agency and the exchange that sent it to you, you keep everything public and open, it is as simple as that, nothing to worry about in the slightest.

Thirdspace

hero member

Activity: 1232

Merit: 738

Mixing reinvented for your privacy | chipmixer.com

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..
~
This might very fictional but the possibility is there.

sticking with fictional version, here's what I would do
I would return it to the exchange and hopefully get a reward for doing so Grin

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

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

is there really still people using only one address ever?
creating bitcoin address is so easy, if you just have only one address
then you haven't been practicing pseudonym transactions in cryptocurrency

bitmover

legendary

Activity: 2324

Merit: 6006

bitcoindata.science

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

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

Certainly avoiding kyc at all costs is a good practice. Don't kyc unless you really need , like to use a big cryptocurrency exchange.

But it is almost impossible for people who deal with cryptocurrencies a lot to never repeat addresses. I use some of my addresses a lot. Usually I keep the same activities in the same addresses, so I can organize my Bitcoin finances somehow

Certainly avoiding repeating addresses is good for privacy, but it is a pain in the ass for most of us in bitcointalk where we receive many different payments from various sources

rodel caling

full member

Activity: 952

Merit: 104

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.

Honestly is huge money can use it and easy to relocate, but Much better to get back to the owner because I don't to use wealth not form and not from own hard work.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Better avoid a situation that you might regret, I'll do the same of returning it to the exchange without a doubt.

And explain that am not associated with whomever sent it.

rdluffy

legendary

Activity: 2226

Merit: 1304

It's a lot of money and I would contact the exchange in secret to do the right thing
A huge risk is being exposed and have a lot of hackers trying to hack your e-mails, social networks, and even real atacks to you

hatshepsut93

legendary

Activity: 2954

Merit: 2145

This scenario with 10,000 stolen coins is unrealistic, but there is a more likely one when someone sends you a smaller amount of very tainted coins from darknet markets. However, I don't think it immediately means jail for a victim of such attack, they can build a pretty good defense if they can demonstrate that it was a public address known to everyone and that they don't have any illegal goods in their possession.

What is scary though that just like police plants drugs and other illegal objects on people in order to extort them, they can use this trick with coins in a similar way. In fact, this already happened in Ukraine when police was seizing mining equipment while accusing miners of sending money to terrorists, although these charges were never brought to court - the police simply wanted bribes from miners.

enhu

legendary

Activity: 2492

Merit: 1018

You will be traced by the government who are tracing the hacker who send the btc to your address. And because you send documents for KYC, you'd be easy to find in your country sooner you'd be asked to pay all those you spend using the cash you withdraw thru these BTC. Might be a good idea to leave the coins in your wallet and declare you have no access to the wallet if you plan to keep them in the future or you just have to turn over them the honest way.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

I would contact the exchange and send the coins straight back. Job jobbed.

It's not as if you could do much with it anyway. The moment you yourself send it to an exchange you're getting nailed for it.

serjent05

legendary

Activity: 2842

Merit: 1253

Cashback 15%

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..

I will be rich. That is a sure thing. Other thing is all uncertain since we will never know what will happen in the future.

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

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

Definitely we can avoid using one address but KYC... I do not think people who convert their BTC to fiat can avoid it, especially those who never wanted to do a peer to peer trade of BTC to fiat.

acroman08

legendary

Activity: 2352

Merit: 1087

since they know where you are and can track the transaction to you. all you can do is give it back and provide proof that you don't have the capability
to hack a major exchange site. also they can't prove that you are the one who hacked the exchange site. you can just give the o'l "Didn't do it" if they
ever decided to involve the police. also the court will just drop the case because the opponent lacks evidence to pin you that you are the one who hacked
the site.

cocoadreamboy

jr. member

Activity: 378

Merit: 5

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 that is $113 million retail, so who cares, sell them for 9k each for cash lol. That's when you start making some new shady friends lololol

coin-investor

hero member

Activity: 2856

Merit: 578

Leading Crypto Sports Betting & Casino Platform

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.

Topic: What if you received Bitcoin from this wallet - page 3. (Read 480 times)