The US invested so much effort into this because they were worried that their own agents were involved with the theft. This was all part of their effort to clean up the massive corruption post-Silk Road seizure.
The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
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Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
#12[dead]
Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
#13Zhong 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…
I don't like that. Opsec burden on users is the fault if the protocol. I see this thinking being pervasive in many areas. If it was monero address reuse is not a concern or using kyc exchange logs if the other currency was zcash for example.
Bitcoin is not a cipher it's the whole system so it is valid to say a weakness in bitcoin was used to find the person.
Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
#14Zhong 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…
[dead]
Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
#15The US invested so much effort into this because they were worried that their own agents were involved with the theft. This was all part of their effort to clean up the massive corruption post-Silk Road seizure.
On what basis do you make this statement?
Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
#16Zhong 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…
> he was caught by linking fraud wallet to exchange wallet
How are you supposed to turn fraudulently obtained btc into dollars without doing that?
Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
#17Zhong 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!
Feds can’t take crypto from your grasp if you have diamond hands.
Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
#18[flagged]
The internet never forgets
Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
#19Say it with me:
"Bitcoin is not, and never was, anonymous."
Re: The U.S. cracked a $3.4B crypto heist and Bitcoin’s anonymity
#20Say it with me: "Bitcoin is not, and never was, anonymous."
better if you could go back and time and have said it early on with the early crypto enthusiasts