Feds seized $311M in Bitcoin, then hacker stole it back
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Re: Feds seized $311M in Bitcoin, then hacker stole it back
#2No post body was provided.
Re: Feds seized $311M in Bitcoin, then hacker stole it back
#3wallet address, wallet address, waller address, it’s the damn wallet address.
Re: Feds seized $311M in Bitcoin, then hacker stole it back
#4It's not immediately clear to me that this is illegal. If anything, the Feds didn't "seize" the Bitcoin, they forcibly acquired a license to the wallet's private key. If they didn't understand that the license was non-exclusive, well, that's not the fault of the other licensees.
Re: Feds seized $311M in Bitcoin, then hacker stole it back
#5It's not immediately clear to me that this is illegal. If anything, the Feds didn't "seize" the Bitcoin, they forcibly acquired a license to the wallet's private key. If they didn't understand that the license was non-exclusive, well, that's not the fault of the other licensees.
Even funnier, when his brother moved the coins it was a “theft” from the feds? Can you imagine the feds saying we seized an iPhone with a banking app downloaded on it, and then someone else goes to the bank and withdraws the cash and now “stole” it?
Re: Feds seized $311M in Bitcoin, then hacker stole it back
#6It's not immediately clear to me that this is illegal. If anything, the Feds didn't "seize" the Bitcoin, they forcibly acquired a license to the wallet's private key. If they didn't understand that the license was non-exclusive, well, that's not the fault of the other licensees.
Following this argumentation would imply that cryptocurrencies don't provide a real value and therefore can't be stolen (which also implies that your average cryptocurrency scam is fair game because nothing of value is lost).
A bank account can be seized but that access is not a license. IP is irrelevant here.
Re: Feds seized $311M in Bitcoin, then hacker stole it back
#7> He used most as collateral for a $1.2 million loan. Some of that went to buy a luxury condo in Cleveland, prosecutors said.
ahahah Gary coming through with the oxymorons
Re: Feds seized $311M in Bitcoin, then hacker stole it back
#8This was bound to happen eventually. People have been noting for awhile how often law enforcement just leaves the "seized" coins in the original wallet somehow thinking that no criminal would ever make a backup copy of their private keys.
Re: Feds seized $311M in Bitcoin, then hacker stole it back
#9It's not immediately clear to me that this is illegal. If anything, the Feds didn't "seize" the Bitcoin, they forcibly acquired a license to the wallet's private key. If they didn't understand that the license was non-exclusive, well, that's not the fault of the other licensees.
It may not technically be theft, but surely there’s an assortment of crimes committed by doing what he did, including but not limited to fraud, conspiracy, and interference with an investigation.
Re: Feds seized $311M in Bitcoin, then hacker stole it back
#10Imagine getting done in by your own Google Glass.