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

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

#761

Earlier quoted context omitted.

This should all be taken with a big grain of salt. The official story be just parallel construction to give cover to say zero day hacks or other covert espionage etc.

Bribing or planting support agents as employees at every cryptocurrency company seems pretty easy.

They likely have proper cooperation without being public about it, like how tech companies engage with Law Enforcement.

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

#763
post #215

Ilya Lichtenstein (YC S11) is the co-founder of YC-backed MixRank. Heather Morgan, his wife, is apparently a serial entrepreneur, investor, and "contributor" to Forbes.

She's also a rapper, and not a very good one: https://www.youtube.com/watch?v=_DIuPPmY9mw

New link:

https://piped.kavin.rocks/watch?v=_DIuPPmY9mw

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

#764
post #614

I'm sitting here trying to understand their mindset. They had to know what kind of scrutiny would be on those coins forever. At the time of the theft, the coins are worth $100M+ and they can't touch them. Even worse, anything they do with them will be monitored, researched, dug into, and everything else from law enforcement, amateur detectives, and every major tech+crime group. Fast forward to now and the coins are w…

I thought maybe they could go to a country without any extradition treaty And has no diplomatic relationship with the U.S. Then cut a deal with the government. It's a slim picking... Iran North Korea Syria Bhutan Taiwan Azerbaijan Palestine Georgia Cyprus Western Sahara Even Russia has too much to lose. Maybe if it were $360 Billion, they might consider it.

> Iran North Korea Syria Bhutan Taiwan Azerbaijan Palestine Georgia Cyprus Western Sahara

At least in half of those countries, once they found you really in control of $3.6B crypto, they would torture you until you give it all, then dispose off your body.

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

#765

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.

$4B that you can't spend in the US (or any country that will allow for extradition) isn't nearly as good as $4B that you can.

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

#766
post #636
post #372

Ilya is a good guy, I don't think he's guilty. there's gotta be a misunderstanding everyone thinks this story is about me

How are you involved in this story?

> editor on rapgenius.com

There is a rapper involved in the case.

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

#767

Earlier quoted context omitted.

Her delivery reminds me of a CEO being forced by their HR department to "do a rap" in the 2000's to "relate" to their employees.

How about the 2010s! A VC firm had a tradition of making all their portfolio companies participate in an annual rap and dance. I think I had to participate in an Gangnam style rendition. Probably not that hard to find, with that information.

One YC place I worked actually had a CEO who freestyle rapped as a hobby.

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

#768

Earlier quoted context omitted.

If you read the complaint it is pretty clear they were at least heavily involved. Their personal accounts and businesses were tied up into it.

I’m still reading it They definitely had custody of the funds and felt obligated to try and launder it It seems like the government needs to figure out if they were the only ones with custody, which is proving a negative with private keys, but the government seems to feel like it’s needs a greater proof of the actual heist of bitfinex so they can pin the rest on this couple. Still reading though, this is just what I’…

I think pretty damning are accounts tied to their personal identities and emails to exchanges where they lied about the source of funds. How can they explain that away? Their email addresses were hacked? Funds moved to their personal bank accounts and used for expenses was unintentional? It seems like a big stretch.

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

#769

Earlier quoted context omitted.

Honestly don’t know why people don’t AES/GPG encrypt the keys and send a message to alt.anonymous.messages. That’s 30+ years of storage for free.

maybe he backed up to icloud by accident

This. It's harder than you may think to leave zero cloud trail of your activity and storage.
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