More detail on how they managed to get access to that password/private key? Edit: I found the bitcoin address https://www.blockchain.com/btc/address/bc1q7eqww9dmm9p48hx5y...
I saw this in the news today. No idea if it's what happened, but it sounds like law enforcement runs infrastructure used by organized crime. https://www.engadget.com/fbi-encrypted-chat-app-anom-crimina... And this is on HN: https://www.npr.org/sections/money/2012/11/20/165590860/epis...
Bitcoin extends losses after U.S. seizes most of Colonial ransom
111–116 of 116 posts
Re: Bitcoin extends losses after U.S. seizes most of Colonial ransom
#112Earlier quoted context omitted.
If it was not hacked then I believe the implication is that the key was cracked. Presumably, via brute force capability of unknown nature or a weakness in Bitcoin not known at this time.
> If it was not hacked then I believe the implication is that the key was cracked. Is anyone here willing to say they believe the key was cracked? Seems extremely implausible to me.
Always easier to socially engineer in one way or another than to crack keys.
Re: Bitcoin extends losses after U.S. seizes most of Colonial ransom
#113More detail on how they managed to get access to that password/private key? Edit: I found the bitcoin address https://www.blockchain.com/btc/address/bc1q7eqww9dmm9p48hx5y...
I'd wager it was passed as a message in the ANOM app. I don't think it's coincidence that these were news-worthy on the same day.
Or the ANOM app is being leaked now to throw the blame off the honeypot tumbler they're still running.
Re: Bitcoin extends losses after U.S. seizes most of Colonial ransom
#114Earlier quoted context omitted.
Recently I saw a WSJ article where they surprisingly couldn't find a story 2, and so it said something like: stock prices decline as investors sell risky assets Which is almost a tautology, so idunno, maybe that's better than the usual thing, but then scroll down the article and it says bond prices were also down as investors also sold their less risky assets
There were an equal number of investors how bought those risky assets, albeit at a lower price than the day before.
I don't have a problem with that part, calling something a sell off, or a buying frenzy. It's used to mean increased/decreased demand, nothing about the number of individual investors (which isn't necessarily equal, btw, but it's not a part of the meaning of the phrase.)
Re: Bitcoin extends losses after U.S. seizes most of Colonial ransom
#115Earlier quoted context omitted.
Hell yeah they will, honestly it's about time we did some more aggressive offensive security operations. But what does crypto have to do with criminals? Criminals just need to up their op sec game, they know that. BTC dropping is only related insofar as this stupid correlation is getting pushed hard in the media right now.
> But what does crypto have to do with criminals? Criminals are basically the only group making widespread use of Bitcoin as a currency rather than as an asset class.
I don't know enough to dispute that, but I am fairly skeptical that's true.
Re: Bitcoin extends losses after U.S. seizes most of Colonial ransom
#116Earlier quoted context omitted.
> But what does crypto have to do with criminals? Criminals are basically the only group making widespread use of Bitcoin as a currency rather than as an asset class.
I don't know enough to dispute that, but I am fairly skeptical that's true.
Who is buying stuff directly with Bitcoin? Companies buying out of ransomware, and maybe some HODLers buying Teslas.