Topic: Why hackers want to get paid/ransom in bitcoins? (Read 582 times)
I don't think the guys can be tracked. Bitcoin is high secured. Also believe that project that can effect offline economy are more reliable and has big future. We all have admit that world economy will change soon if ICO wont be banned. So Confideal (contacts), Atlant (buildings), ADEX so on.
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
Instead of asking for fund transfer to this and that bank. Which is definitely stupid. Bitcoins are transparent period. But if you don't know the name and whereabouts of the owners it is quite useless to track the criminal like those who loves to use ransomware.
They do because they think, that Bitcoin makes them completely anonymous, which is wrong, just like most of the answers here. 
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
I think of course the hackers want payment through bitcoin, because it is different from banks that need data themselves when creating a bank account, so can not be falsified. but bitcoin does not require it, it will be very difficult to trace
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
Knowing bitcoin is a decentralized and anonymous thing then these are the perfect recipes why hackers would demand bitcoin as a ransom knowing the transaction would really be instant and anonymous.No strings attached once funds are been transferred then you cant do anything to take it back and you wont able to trace those hackers too. 
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
Bitcoin is most wanted and high valuable coin.Its use now everwhere and any one easily can create an account and start bitcoin transaction.No Body can find identy who use this wallet.BItcoin wallet is high security but its one problem anybody can use its for black market and government canont find this who use this .So its a most cause of use bitcoin on black market or hacker. 
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
Because in theory it is hard to trace, but it is traceable with enough effort. It is anonymous if you exercise the precaution needed.
It is also highly valuable and can be exchanged in most countries. It just really boils down how careful the hackers are with exchanging it for fiat.
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
because of the secret and anonymous bitcoin properties. that's why many of the hackers use bitcoin media as money laundering. roughly like that, from a lot of news I read, and from movies about hackers.
That's right, the reason hackers are asking for ransom to use bitcoins is so they can not be detected. Hackers choose bitcoin as a ransom as well because bitcoins are anonymous, decentralized.
Well, not exactly bitcoins... more like Monero or Zcash that are harder to track than BTC...
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
There are lots of way to make tracking bitcoin transactions almost impossible so hackers and criminals also love to get paid in bitcoin or to move money between two countries.They can get caught if they don't take proper precaution when exchanging those bitcoin to fiat. They will use Tumbler and mixing services to add anonymity when moving bitcoin between many of their addresses before finally cashing them out in fiat.
Bitcoin involves no government issueing of money and hackers can easily launder bitcoins..if they were to accept fiat then they could be hunted down easily by government bodies.
Moreover Bitcoin is fast to transact.
Moreover Bitcoin is fast to transact.
Exactly. If I was in their place, I'd demand Dogecoin, just to be
funny and to bring the price up a bit. Imagine the news articles.
Yeah, too bad you won't get that many dogecoins.
A lot of the users affected by ransomware are not that techsavy and I've seen reports than less than 10% of the ones who are infected and want to pay the ransomware were able to buy coins and effectively pay it.
With dogecoin probably it's going to be much worse and since dogecoin it's not that heavely traded your moves will leave a lot of footprints so the authorities can track you.
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
yes, because they dont want to know money laundering. therefore many hackers manipulate it. I dont know too much about hackers, but that's what I know a bit of money laundering.
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
Why you want to follow their footsteps? Don't mind this, I'm just messing with you
That is because they know that the blockchain is a complicated technology. Though every transactions are published on a public ledger where the public can see them, if you know how to cover your tracks then it will be difficult for any entity to pin point your location as well as your identity. These hackers are excellent in the digital world and can hide their identity at will. So Bitcoin is the very good medium for ransoms.
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
Bitcoin involves no government issueing of money and hackers can easily launder bitcoins..if they were to accept fiat then they could be hunted down easily by government bodies.Moreover Bitcoin is fast to transact.
Bitcoin has been a tool for money laundering which makes it suitable for ransom money. I guess that the hackers would prefer it because it won't be easily tracked plus there's no hassle of going through identifications. Government agencies have ways to easily track down cash but with Bitcoin, I think that they're still unfamiliar with it. Its fast and easy to use so hackers would definitely opt for the use of it. Also, Bitcoin is not tangible unlike with fiat money.
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
breaking into the system for his own interests and asking for a ransom, this is a crime and certainly they don't want to be detected
therefore they request paid through bitcoin or other cryptocurrency,so it is not easily detected its existence
Some hackers want, others don't. Much before Bitcoin ever existed black hat hacking was very profitable and ransomwares existed and thrived, among other plagues.
But for some reason the media only say about BTC
By the way, the big ransomwares attacks this year in the end were more an annoyance because few people paid the ransom
But for some reason the media only say about BTC
By the way, the big ransomwares attacks this year in the end were more an annoyance because few people paid the ransom
Maybe also because they can take it anywhere they want without the risk of being flagged by airport officers or risking having too much money on the bag. They can easily store, spend and launder it. No one tags someone who spends ten thousands of bitcoin but do that in dollars and you will be tagged by IRS.
Why? because bitcoin is a Decentralized currency, No government, bank firm, or specific person holds the bitcoin, putting their own shoes to me if i where them, i will also choose bitcoin as a form of payment and transaction for the ransom, this is one of the downside of being anonymous over your money, you controls it, you holds it. meaning they cannot simply trace you because bitcoin is for everyone, it is not like in banking that if you want to sue the hacker you can just request it to the bank as a form of investigation,my name will probably appear with the banking history and amount.
I'm still new to the bitcoin universe. I was wondering what are the advantages for an hacker to get ransom or get paid in bitcoins? Like the WannaCry guys did. Can't they be tracked ?
Hackers that asked for ransom in bitcoin have it at the back of their mind that they the chances of them being caught is very little and with the sophisticated technological break through, its possible they are never caught.
On the issue of whether they can be tracked or not? Yes they can if the relevant government dedicate its resources home and abroad to finding them but the question to ask is that, they money they are after, will it even be enough to cover the costs of going after them?.
Although, going after the hackers will the toughs but that does not mean they cannot be caught. It might take time compared to if they use fiat, but its not forever. It has happened before and it will still happen so they should not rejoice yet.
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