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The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity

wsj.com

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Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity

#4
Zhong was caught because he made basic operational security errors, like address reuse (which is how he was caught by linking fraud wallet to exchange wallet) , static IP, using a KYC exchange in 2017 to convert BCH into BTC, etc. Not because Bitcoin was cracked. After being caught, Zhong voluntarily relinquished his passwords to encrypted wallets and other bitcoin, not that the crypto was cracked.

I wonder how the feds bypassed the statute of limitations on this. He was not identified until almost a decade after the theft. I am guessing his attempts at laundering the money and spending, reset the clock.

Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity

#5
post #3

does wsj think anybody is going to read their articles if they block people from reading

Well, it costs money to produce well-researched pieces like this, and they have nearly 3 million paying digital subscribers [1].

1- https://www.adweek.com/media/the-wall-street-journal-grew-di...

Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity

#7

Zhong was caught because he made basic operational security errors, like address reuse (which is how he was caught by linking fraud wallet to exchange wallet) , static IP, using a KYC exchange in 2017 to convert BCH into BTC, etc. Not because Bitcoin was cracked. After being caught, Zhong voluntarily relinquished his passwords to encrypted wallets and other bitcoin, not that the crypto was cracked. I wonder how the f…

If he just hodled like everyone said to, he’d be free!

Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity

#9

Zhong was caught because he made basic operational security errors, like address reuse (which is how he was caught by linking fraud wallet to exchange wallet) , static IP, using a KYC exchange in 2017 to convert BCH into BTC, etc. Not because Bitcoin was cracked. After being caught, Zhong voluntarily relinquished his passwords to encrypted wallets and other bitcoin, not that the crypto was cracked. I wonder how the f…

Very broadly speaking if you're hiding and law enforcement is actively looking for you the statute of limitations pauses, because the delay is morally your fault. (And actively looking has a generous definition) That could be what happened here.

Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity

#10
post #3

does wsj think anybody is going to read their articles if they block people from reading

Go to Archive.to, paste in any paywalled article, use reader mode on mobile and you can read it.

As long as these websites keep pushing the content to the client (for SEO of course), it’s fine for us to take it. If they truly want to be paywalled, DRM that text and stop reaping the benefits of Google search.

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