Topic: Why do hackers steal huge amounts of bitcoins? - page 2. (Read 1189 times)
Hackers steal bitcoins to convert into fiat and use them freely. They are theif of a digital wallet, they use their experience and lackings of the managing system. They also upgrade their way to steal and try to control situations in favor of them. This people always will be the same unshamed.
In my opinion, the hacker steal it because they want to acquire huge amount of money or eventhough the security of bitcoin is complicated, they want yo test that system in order to create or maybe to create ways in order to hide the identity of the hacker and the location of stolen bitcoin. Maybe they want to have test and research on how does bitcoin security works and someday they can create a counter tactics to successfully steal bitcoin.
The longer they stuck the BTC there, the closest it may lead to tracking them because there are lots of experts developing some ways to track those scammers right now. As you can see we don't have technologies before like what we have today. they just making it worse for them. I think that's just some retribution for what they have done to the real owners of those BTCs. There are lots of hacking incident has happened before and those hackers who haven't move their coins till now might become vulnerable to be tracked if they going to move it right now. everyone will notice because someone has successfully create a program that signals people if a certain amount of BTC moved from a hacker address. Like I said we don't have this kind of technology back then but we have them know.
I was reading about Cashaa, that was hacked and 336BTC were stolen. But the hacker can't move them right? He will leave footprints. So why should hackers steal them since they can be found? For example if they want to convert them to fiat.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
This only shows that bitcoin can never be cheated. Unlike in banks, atm, they can be cheated and the one who steal the money cant be found. The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
I was reading about Cashaa, that was hacked and 336BTC were stolen. But the hacker can't move them right? He will leave footprints. So why should hackers steal them since they can be found? For example if they want to convert them to fiat.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
Even in the long run it still will be kept under close survillance as it is known to be a stolen fund. How will 336 btc be forgotten even in a long run, the long run might even increase the price of the btc thereby increasing the demand and price..
I think it's for the reason of long term, if you take a look at most of the huge bitcoin hacks, in the past few years, majority of the bitcoin are still seating in the wallet, and I don't think that it's easy to track down those hackers, recently bitfinex offers $400m reward for any one who can provide info to the hacker who stole 11k units of bitcoin in 2016, if it was that easy to track down I think they would have done that all this while
The scammers steal a real and great amount of money because they want to keep a big amount of money for the long run in terms of stealing these coins from others. And those scammers are too lazy enough because they only want the easiest way to earn money instead of working hard to gain money. It saddens me to hear that during this time of pandemic there are still scammers who has no mercy. I was reading about Cashaa, that was hacked and 336BTC were stolen. But the hacker can't move them right? He will leave footprints. So why should hackers steal them since they can be found? For example if they want to convert them to fiat.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
Easy Money...Money is very temptation and many people has a great desire and greedy to have such wealth or huge amount of money. And to achieve that goal they are going to do such evil deeds. They have a lot of ways to hide and use what they stole. They can send it first to different exchanges and exchange with other coins before cashing out into a fiat money. But all that ways are just temporary because no one can hide from the authority forever.
Perhaps, the very first comment says it all. But here's my opinion, not all the time people will convert bitcoins to fiat, they could also use it to transact since bitcoin was made for peer to peer transactions. Well, unless they conduct KYC in order to withdraw or buy someting, they are free to circulate the bitcoin in the market.
In addition to the subject, hackers will steal huge amount of bitcoin, though it is a common sense that no matter how much they want, if they could take it all then they will. So it is advisable to diversify our assets and not just rely on one wallet for security.
In addition to the subject, hackers will steal huge amount of bitcoin, though it is a common sense that no matter how much they want, if they could take it all then they will. So it is advisable to diversify our assets and not just rely on one wallet for security.
A mixer can be used to hide or disguise the bitcoin footprint ?
This has been done before and is being done now. So, information appeared that wallets were set in motion, to which hackers dropped the bitcoins stolen back in 2016. Hackers really use mixers to obfuscate their tracks and go unpunished. Many succeed in this, therefore this type of crime is now flourishing. Cryptocurrency is still very weakly regulated and protected by state bodies, in fact, there is no single international law enforcement body that would coordinate the activities in this area of all states. This contributes to the growth of crimes using cryptocurrency.
This hackers are absolutely lazy people who just want to steal big amounts of BTC, and converted it into fiat. Indeed, they were considered criminal in Cryptoworld where a lot of individuals are working hard to earn BTC, and here they are, stealing an easy money without a trace. So, I think we need to be very much careful in storing our BTC in our digital wallets and secure it properly to avoid this kind of incident.
I was reading about Cashaa, that was hacked and 336BTC were stolen. But the hacker can't move them right? He will leave footprints. So why should hackers steal them since they can be found? For example if they want to convert them to fiat.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
There are 2 things why bitcoins can be hacked, the first is the carelessness of the owner and the second is an insider's job, that's just my analysis, I know Bitcoin cannot be hacked, because it is always safe for all users, we all know hack cases are not only happens to cashaa even more than you know, as usual they keep it when the time and the price increases they will sell it, but it looks like it will not affect the current and future bitcoin price even though they sell it The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
Hackers hack and steal bitcoins, they can steal bitcoins without any footprint and easily convert them into cash. There is no authority control here and it is easy to hide huge amount of wealth. So I believe hackers are more attracted to bitcoin.
That is not true, if you are stealing bitcoin it will have a footprint and the entire world can monitor the trail and hope you have heard about blockchain 
, you can just go through the entire transaction from the genesis block till the very minute of your existence and how can you even say that it can be anonymous. If you are a miner you could somehow hide the wealth even then you need to explain why you are consuming huge amount of electricity. If you read news then you will learn that hackers who used bitcoin to scam were caught, with bitcoin you cannot attain complete anonymity.
There are different types of theft, some steal the treasure kept in the house, some steal the money of the bank. Hackers are criminals in the online world, they are thieves too. Hackers hack and steal bitcoins, they can steal bitcoins without any footprint and easily convert them into cash. There is no authority control here and it is easy to hide huge amount of wealth. So I believe hackers are more attracted to bitcoin.
Alas, this is not the only way.
You can use a bitcoin mixer that will hide your trail, albeit not completely.
You can invest these bitcoins in some kind of scam pyramid and immediately withdraw them, this will also partially hide your trail.
You can use a number of crypto exchangers by exchanging bitcoin for another currency.
As you can see, there is more than one way out of the situation.
You can use a bitcoin mixer that will hide your trail, albeit not completely.
You can invest these bitcoins in some kind of scam pyramid and immediately withdraw them, this will also partially hide your trail.
You can use a number of crypto exchangers by exchanging bitcoin for another currency.
As you can see, there is more than one way out of the situation.
From that option, I think I will agree with the last option, which uses some crypto exchanges and exchange bitcoin for the altcoin and send it back to another wallet or sell it into another exchange. That will hide our trail, and I think that will difficult to trace because we already exchange for another coin before we get that the money. I am sure that the hacker already thinks about the way to escape from the investigation and will enjoy the money.
Alas, this is not the only way.
You can use a bitcoin mixer that will hide your trail, albeit not completely.
You can invest these bitcoins in some kind of scam pyramid and immediately withdraw them, this will also partially hide your trail.
You can use a number of crypto exchangers by exchanging bitcoin for another currency.
As you can see, there is more than one way out of the situation.
Yep, and its just dumb for hackers for them not to consider such step before making any fiat cashout because they are just simply putting a bullet into their own head if they do just directlyYou can use a bitcoin mixer that will hide your trail, albeit not completely.
You can invest these bitcoins in some kind of scam pyramid and immediately withdraw them, this will also partially hide your trail.
You can use a number of crypto exchangers by exchanging bitcoin for another currency.
As you can see, there is more than one way out of the situation.
make out transactions without mixing or hiding their trails.In most cases they are pretty aware on that scenario and they arent just kids that be too careless on hiding themselves.
There are several occasions of hackers being caught but i do believe that they do just simply forget the basic assignment on hiding up their tracks.
Why do hackers steal huge amounts? people are greedy and if they do saw money making opportunity then human will normally react.
Alas, this is not the only way.
You can use a bitcoin mixer that will hide your trail, albeit not completely.
You can invest these bitcoins in some kind of scam pyramid and immediately withdraw them, this will also partially hide your trail.
You can use a number of crypto exchangers by exchanging bitcoin for another currency.
As you can see, there is more than one way out of the situation.
You can use a bitcoin mixer that will hide your trail, albeit not completely.
You can invest these bitcoins in some kind of scam pyramid and immediately withdraw them, this will also partially hide your trail.
You can use a number of crypto exchangers by exchanging bitcoin for another currency.
As you can see, there is more than one way out of the situation.
Using bitcoin as payment for hacker most easy and hard to detect the owner of wallet than using other currency payment, but other side make bad reputation for bitcoin looks terrible because bitcoin will be negative reputation for investment at the future and keep going on.
I was reading about Cashaa, that was hacked and 336BTC were stolen. But the hacker can't move them right? He will leave footprints. So why should hackers steal them since they can be found? For example if they want to convert them to fiat.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
I have always said this hackers are not amateurs they know how to make deals into fat accounts, but I never knew they use to have problem after hacking, that's why I will always suggest you don't do unnecessary hodling, so you won't end up gathering your food for them. They are also getting ready for bull run now to cart away peoples account. If there is no solution/control to this hacking cryptocurrency as future currency may not be encouraging.
I was reading about Cashaa, that was hacked and 336BTC were stolen. But the hacker can't move them right? He will leave footprints. So why should hackers steal them since they can be found? For example if they want to convert them to fiat.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
The only way I think you could get by from this felony is to keep them on very long term. So long that it may be forgotten. But still, it may.
I have always said this hackers are not amateurs they know how to make deals into fat accounts, but I never knew they use to have problem after hacking, that's why I will always suggest you don't do unnecessary hodling, so you won't end up gathering your food for them. They are also getting ready for bull run now to cart away peoples account. If there is no solution/control to this hacking cryptocurrency as future currency may not be encouraging.
Basically the answer was already pretty obvious. If someone wanted to obtain money but do not want any drop of sweat because he wanted to acquire what other people have and claim it to be his own, he will do whatever it takes and that way includes hacking. In simple words, hackers do steal money because they want to have it for their own. Hacking and scamming share the same idea of obtaining other people's property to make it their own money instantly. The strategy are in different approach but it is the same goal, that is to have other people's money.
Hackers are up into the challenge of obtaining large amount of Bitcoins because of the value it have and they use their skills and knowledge on technology where cryptocurrencies relies. Professional hackers are the only ones who have the guts to steal large amounts of Bitcoins for they are confident of their skills and won't leave any footprints to track them down they have their own ways to exit the crime they have made with no sweat for they know what they are doing.
Hackers are up into the challenge of obtaining large amount of Bitcoins because of the value it have and they use their skills and knowledge on technology where cryptocurrencies relies. Professional hackers are the only ones who have the guts to steal large amounts of Bitcoins for they are confident of their skills and won't leave any footprints to track them down they have their own ways to exit the crime they have made with no sweat for they know what they are doing.
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