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Feds arrest couple, seize $3.6B in hacked Bitcoin funds

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661–670 of 901 posts

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#661

Earlier quoted context omitted.

https://www.useapassphrase.com/

"Lorem ipsum dolor sit amet" "Approximate Crack Time: 61,103,576,810,655,170 centuries" Yeah, sure:)

Well, that one isn't in Have I Been Pwned's password database, so it may in fact be somewhat secure.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#662
post #552
post #510

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Is it me or should he have literally just gotten a hardware wallet, transferred everything to that account, then burned the old key? Of course that txn would show up on-chain, but if you don't have possession of the private key for the first account, and no digital device has ever "seen" the hardware account then he would've been fine. This is assuming the key piece of evidence was his private key, and he wouldn't ha…

Yeah, a hardware wallet is good, although for a billion dollars, 100 hardware wallets would be better. Could even go so far as to split a private key into seven horcruxes using Shamir's Secret Sharing and bury them in locations around the world. Memorizing a seed phrase leaves you vulnerable to a $5 wrench attack, I wouldn't recommend it.

Reminds me of the man who was sent to jail for refusing to reveal his keys. think this happens alot.

https://arstechnica.com/tech-policy/2020/02/man-who-refused-...

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#663

fwiw, it appears one of the named here is a YC Alum: https://news.ycombinator.com/user?id=il https://www.linkedin.com/in/unrealdutch/

That's wild, I think we were Facebook friends for awhile after I interviewed and hung out over there on a few occasions. I was doing an onsite with Ilya and the folks at MixRank (in 2012) and talking with the team, and I mentioned something about cryptography and some basic codes that I learned as a child in gifted class. They had no idea what I was talking about - not the codes but "gifted class". I was telling them…

Very interesting. Was this common in YC, do you know, or was MixRank unusual?

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#664
post #611

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Heh... He has some comments on "Feds reveal the search warrant used to seize Mt. Gox account " in 2013: As the anarchists and idealists on HN will soon learn, the decentralized nature of Bitcoin won't make a difference if anyone transmitting it is in violation of federal law. -- This was inevitable. People can wax rhapsodic about the decentralized nature of Bitcoin, but once the feds freeze a few million dollars of a…

>As the anarchists and idealists on HN will soon learn I don't know to whom this actually refers. I don't remember anything about enabling money laundering in Satoshi's white paper.

Motte, meet bailey.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#665

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tornado.cash puts your crypto in a completely fresh account (using smart contracts). You can claim that you earned this crypto mining it back in 2010. You can definitely come up with a decent excuse for this. Then you can convert those crypto (in new account) into fiat money. Everyone will know you are lying, but they will never be able to prove it.

That sounds impossible, wouldn't people be able to see that the account didn't have those coins in 2010?

I think the point is that it technically isn't illegal to mine coins, later mix them, and then sell them. It is very suspicious though.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#666

Earlier quoted context omitted.

This is just unreal. this guy was living a double life of being the greatest criminal ever. So among our community was a $4 billion hacker, just nonchalantly posting. I don't think he will be commenting anytime soon again if this really is him https://news.ycombinator.com/threads?id=il like your neighbor being a serial killer or something

I don't understand why he wouldn't move to somewhere that doesn't have an extradition policy with the US. If you go down that path, it seems like you should probably be willing to abandon your life. It's the same with Ross Ulbricht, seems like it would be terrifying living with that sword of damocles hanging over your head absolutely constantly.

If they were so concerned, the much better and easier decision would be not to commit the crime in the first place. People who rob others and commit serious crimes have a problem with risk and self-control.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#667

fwiw, it appears one of the named here is a YC Alum: https://news.ycombinator.com/user?id=il https://www.linkedin.com/in/unrealdutch/

That's wild, I think we were Facebook friends for awhile after I interviewed and hung out over there on a few occasions. I was doing an onsite with Ilya and the folks at MixRank (in 2012) and talking with the team, and I mentioned something about cryptography and some basic codes that I learned as a child in gifted class. They had no idea what I was talking about - not the codes but "gifted class". I was telling them…

Ilya went to Wisconsin.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#668
post #34

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A fancy (or even basic) dictionary attack has a very high chance of working.

Random example but my passwords look something like chOf$Tyl83fhn@54R. I keep them written down because they are hard to remember. My threat model is no one. Seems so amateur to use a simple password that could be brute forced. Especially with so much on the line.

You wrote them down - where do you store them? Seems like bad opsec if you are at risk of search and seizure...
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