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Hacker Publishes 2TB of Data from Cayman National Bank

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Re: Hacker Publishes 2TB of Data from Cayman National Bank

#301

Post by daveguy »

dmix wrote: post #251
cookie_monsta wrote: post #115

Strangely under-reported is that the same hacker is offering up to 100k to others who perform similar acts of hacktivism: https://www.vice.com/en_us/article/vb5agy/phineas-fisher-off...

So this activist has somehow profited from his “hacktivism” and he wants to spread his wealth to other activists?

Or possibly someone who became wealthy in the software/opsec industry who believes what they do is for the good of humanity. To a person with a net worth of 100MM+ 100k would not be significant.

The funds didn't necessarily come from the hacktivism.

Edit: Given the bounty is paid in bitcoin, somewhat more likely the funds are donations/fees from hacking. Not likely it came from funds deposited to an exchange (traceable account). Could also be someone who was mining in 2009 (and not from the hacking itself).

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#302

Post by Lyrex »

cookie_monsta wrote: post #166
bowmessage wrote: post #67

Earlier quoted context omitted.

She!

This is not a hill that I am willing to die on, but when was gender decided? Everything I've read up until now has kept it ambiguous: https://mobile.twitter.com/DDoSecrets/status/119621668503812...

If my memory serves correctly then she said something along the lines "I'm just a girl" in the writeup pastebin.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#304

Post by MisterBastahrd »

barrkel wrote: post #235
bouncycastle wrote: post #183

Earlier quoted context omitted.

By "legally gained cash" I mean that taxes have already been paid for it.

Money is a claim on future production, and you don't get to transfer that claim over other people's work without caveats, whether it's inheritance tax, limits on gifts, or wealth taxes.

"work" is doing a lot of work here, especially when talking about generational wealth.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#305

Post by Mirioron »

Baneofbatman wrote: post #292
bouncycastle wrote: post #244

Earlier quoted context omitted.

I mostly have in mind the KYC strip-tease one must go through nowadays do open an account or purchase anything over $1000. There's no privacy these days.

That's the problem with making zero tolerance the ultimate goal of society. Either we accept there will always be a few bad apples or everyone has to prove they aren't one of them.

And our society seems to have picked the latter because it sounds good when it comes out of the mouth of a politician. This is probably a weakness of democracy.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#306

Post by Mirioron »

RugnirViking wrote: post #212
bouncycastle wrote: post #203

Earlier quoted context omitted.

So everyone is assumed to be a criminal until proven otherwise?

How else do you propose taxation is assured? Blind trust?

Tax the corporation when an individual buys goods. Essentially a much bigger VAT.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#307

Post by Mirioron »

ajross wrote: post #290
seppin wrote: post #229

Earlier quoted context omitted.

Also, governments are finding new and creative ways to put new taxes on already legal money. So yeah, privacy matters.

> Also, governments are finding new and creative ways to put new taxes on already legal money. Care to cite some? That's just a silly point. There's probably no area of regulatory theory more well travelled than taxation. Imagine a trick and someone has tried it, often thousands of years ago. And it's even incorrect as a practical matter in the modern USA, where government revenue as a share of GDP has been going ste…

>And it's even incorrect as a practical matter in the modern USA, where government revenue as a share of GDP has been going steadily downward for like 70 years now

Because government spending increased explosively before those 70 years. First, the government essentially took a loan from future generations through social security and second, there was an enormous war that the government mobilized the economy to fight. You would expect spending to go back down after both of them.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#308

Post by StuffedParrot »

jokoon wrote: post #21

After watching The laundromat, I think it's big news. Although I will always be curious why countries are letting those small, insignificant islands and countries manage all this wealth, and why they're trusted to do it. This can't be secure or safe. I'm curious about the diplomacy and the political implications of this. What if their office get robbed? What if the island gets attacked? What if one of those shady ban…

> Although I will always be curious why countries are letting those small, insignificant islands and countries manage all this wealth, and why they're trusted to do it.

Probably because the people who run the state are also people who take advantage of these tax loopholes. I don't believe the US even needs foreign countries to hide taxes this well, we have better mechanisms in e.g. South Dakota.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#309

Post by Mirioron »

thinkloop wrote: post #107
gxqoz wrote: post #50

Earlier quoted context omitted.

A recent piece in The Guardian argues that South Dakota and other US states are actually becoming the go-to place to store anonymously your illicit cash and make sure that your heirs can inherit it without taxes forever: https://www.theguardian.com/world/2019/nov/14/the-great-amer... Partly because the US has compelled other countries to provide more transparency without joining that transparency organization itself.…

> forcing foreign financial institutions to tell the US government about any American-owned assets on their books This is another interesting part. How can the US "force" a sophisticated wealthy sovereign nation that culturally and morally values banking privacy (not only for the profits), like Switzerland? It cannot be understated how much power, control and ownership the US has of the world financial system. If Swi…

I'm not so sure how aligned the EU is with the US anymore. A lot of what some EU politicians say is about not being able to trust the US. Verhofstadt gives me such an impression at least.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#310

Post by sjwright »

bouncycastle wrote: post #219
Ericson2314 wrote: post #206

Earlier quoted context omitted.

Say there's a wealth tax? At no point can you be be sure it will never have tax implementations ever again.

I'm not talking about dodging taxes. Also, if there happens to be a new tax, I'll pay it, and I'm not a criminal, I just want some privacy.

Well that nicely circles back to the OP article, which shows that privacy is either an illusion or a gamble, depending on your perspective.
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