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Experts cracked laptop of crypto CEO who died with $137M, but the money was gone

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Re: Experts cracked laptop of crypto CEO who died with $137M, but the money was gone

#21
post #8
post #5

How did they crack the Laptop? Just Bruteforcing a bad password or 0Day-ing the Encryption?

I think this is the $137 million dollar question.

>>I think this is the $137 million dollar question.

Minus the laundering fees...let's be fair ;)

Re: Experts cracked laptop of crypto CEO who died with $137M, but the money was gone

#22
post #15
post #10

Earlier quoted context omitted.

Based on what I've read, the NSA and other white-hat organizations have access to 0-days or have discovered 0-days that can crack these things but they're not released to the public or if they are, they're released years later.

TFA says that Ernst and Young was the company to crack the laptop. Ernst and Young would not burn a zero-day exploit on an auditing job.

Applying a zero-day exploit without making it public doesn't burn anything. After all, no one knows how they did it.

Re: Experts cracked laptop of crypto CEO who died with $137M, but the money was gone

#23
I'm not convinced of the first half of the headline re laptop cracking.

The article cites the latest monitor report, but the only paragraph I can find with the word laptop just implies the monitor has possession and success with some devices.

""" As noted in the First Report, known devices of Mr. Gerry Cotten have been secured by the Monitor including, Mr. Cotten’s laptops, cellphones, USB keys and home computer. The Monitor understands that prior to the commencement of the CCAA Proceedings, the Applicants together with their initial outside expert, attempted to access the devices and were successful in respect of certain devices. The Monitor will work with the Applicants and Representative Counsel to determine next steps to access any information and data which may be located on the devices and report back to the Court with respect to those efforts. """

Re: Experts cracked laptop of crypto CEO who died with $137M, but the money was gone

#24
post #15
post #10

Earlier quoted context omitted.

Based on what I've read, the NSA and other white-hat organizations have access to 0-days or have discovered 0-days that can crack these things but they're not released to the public or if they are, they're released years later.

TFA says that Ernst and Young was the company to crack the laptop. Ernst and Young would not burn a zero-day exploit on an auditing job.

If fees were x and the bought exploit cost a lot less, why not?

Re: Experts cracked laptop of crypto CEO who died with $137M, but the money was gone

#28
post #7

Maybe I don't know much about bitcoin, but can't you track the address where the bitcoins were being transferred to? Seems like it would be difficult to launder that volume of bitcoin all anonymously where it can be tracked, to a certain extent, through the public blockchain?

There are bitcoin tumblers , essentially the idea is to split up the transaction into multiple transactions of varying sizes to various addresses and to keep doing that in such a way that it doesn't look weird... Basically they try to hide the transaction among the huge volume of transactions going on, kinda like a VPN or Tor?

1. If the coins were moved through tumblers that would be detectable and highly suspicious.

2. Safely tumbling large quantities of coins is especially difficult. At this scale I would wager twenty dollars that blockchain analysis should be able to trace at least some of the coins with high confidence.

3. It is rumored that many tumblers are run by law enforcement.

Re: Experts cracked laptop of crypto CEO who died with $137M, but the money was gone

#29
People might complain about banks, but when you have cases of fraud at least you have people try to recover it. Government makes you keep pretty good records. In this case how do you undo the blockchain? In this case what recourse do you have.

Re: Experts cracked laptop of crypto CEO who died with $137M, but the money was gone

#30
post #7

Earlier quoted context omitted.

There are bitcoin tumblers , essentially the idea is to split up the transaction into multiple transactions of varying sizes to various addresses and to keep doing that in such a way that it doesn't look weird... Basically they try to hide the transaction among the huge volume of transactions going on, kinda like a VPN or Tor?

It’s important to note that it’s not just splitting up your own transactions, it’s that it’s actually other people’s coins that end up in your destination wallets. As such, it becomes very difficult to trace: techniques for doing this are similar to large scale deanonimization of Tor traffic, and involve large scale pattern analysis.

So make public the addresses, give out a reward for proof of destination, and then let the cryptohacker community get after it. Kraken is offering $100k, we just need the addresses.
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