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FBI Looking for Hashflare Victims
11–20 of 111 posts
Re: FBI Looking for Hashflare Victims
#12I'm not sure what people expected investing in a coin called "Polybius"[0].
Re: FBI Looking for Hashflare Victims
#13Earlier quoted context omitted.
I'm not exactly sure what the FBI would gain here, and it may be nothing, but distrusting them by default seems rational given their long history of corruption.
Again, this communication from the FBI is specifically targeted at victims of a particular scam. The victims have already lost more than what the FBI could hypothetically maybe do to them. Unless we live in Scooby Doo-verse and the FBI agent removes his mask to reveal that he was the IRS all along and this was all a ploy to get people to pay their taxes.
I guess if you used crypto to trade in heroin you could lose quite a bit more.
Re: FBI Looking for Hashflare Victims
#14They also specifically ask for people who made withdrawals. In a fraud like this, those who lost money often recover from the people who got out in time. Eg almost 90% of the losses from Bernie Madoff were recovered by suing those who innocently withdrew their 'gains' before the ponzi scheme was discovered.
I guess they can’t just ask people to hand over all “proceeds from a crime” and expect much response.
Re: FBI Looking for Hashflare Victims
#15Earlier quoted context omitted.
I'm not exactly sure what the FBI would gain here, and it may be nothing, but distrusting them by default seems rational given their long history of corruption.
Again, this communication from the FBI is specifically targeted at victims of a particular scam. The victims have already lost more than what the FBI could hypothetically maybe do to them. Unless we live in Scooby Doo-verse and the FBI agent removes his mask to reveal that he was the IRS all along and this was all a ploy to get people to pay their taxes.
Do you get to write off rug pulls like any other capital loss?
For that matter, what are the tax implications of getting mugged?
Re: FBI Looking for Hashflare Victims
#16I'd wager 10¢ that this is primarily driven by AML efforts.
Re: FBI Looking for Hashflare Victims
#17They also specifically ask for people who made withdrawals. In a fraud like this, those who lost money often recover from the people who got out in time. Eg almost 90% of the losses from Bernie Madoff were recovered by suing those who innocently withdrew their 'gains' before the ponzi scheme was discovered.
That's fascinating.
It would seem to set up a situation where your incentive, if you suspect a Ponzi scheme, is to quietly withdraw your money early then keep your mouth shut. Unfortunate if true.
Re: FBI Looking for Hashflare Victims
#18Earlier quoted context omitted.
Yeah! Don’t trust the man! The man is only interested in … something! There must be an ulterior motive in trying to bring scammers to book! Just think for a second. If someone has been scammed out of millions, you think they’re not going to talk to law enforcement about it? They wouldn’t only if they were perpetrating their own scam. At some point privacy nuts on HN have to really stop and think before typing.
I'm not exactly sure what the FBI would gain here, and it may be nothing, but distrusting them by default seems rational given their long history of corruption.
By corruption I assume you mean "a 100yr history doing nasty things that benefit the agency and/or the political goals of specific agency leaders and/or the political goals of specific people close to those leaders in direct or near direct contradiction of the organization's mandate and/or law.
Basically they're evil, not corrupt.
Re: FBI Looking for Hashflare Victims
#19I'm not sure what people expected investing in a coin called "Polybius"[0]. [0] https://en.wikipedia.org/wiki/Polybius_(urban_legend)
I'm not sure what people expect of crypto in general yet this thing as a whole has some insane marketcap.
Re: FBI Looking for Hashflare Victims
#20Who in their right mind would share their wallet info with the FBI. That’s an easy way to get shortlisted.
Not sure about the right mind but the BTC core developer who "lost" 216 BTC a few days back apparently tried asking FBI for help[1]. [1] https://twitter.com/LukeDashjr/status/1609630432546406404#m
As long as you were going to pay taxes and weren’t actually defrauding people, might as well file a report in case anything comes of it.