[deleted]
US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
11–19 of 19 posts
Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
#12How did they seize it?
Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
#13How did they seize it?
What I read is they hacked wallets that had the 'Milk Sad' vulnerability (predictable private key), but I'm skeptical as that's an old CVE, IMHO it's more likely an infrastructure or communications hack or a wrench attack - the suspect is now 'missing'.
Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
#14How did they seize it?
What I read is they hacked wallets that had the 'Milk Sad' vulnerability (predictable private key), but I'm skeptical as that's an old CVE, IMHO it's more likely an infrastructure or communications hack or a wrench attack - the suspect is now 'missing'.
A bit conspiratorial to think the DoJ "wrenched" the keys out of the suspect, especially since the suspect is now missing
Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
#15Earlier quoted context omitted.
What I read is they hacked wallets that had the 'Milk Sad' vulnerability (predictable private key), but I'm skeptical as that's an old CVE, IMHO it's more likely an infrastructure or communications hack or a wrench attack - the suspect is now 'missing'.
A bit conspiratorial to think the DoJ "wrenched" the keys out of the suspect, especially since the suspect is now missing
Of course it is, OTOH the nature of this 'enterprise' has been visible for quite a while now, and I'm sure, investigated quite intensively (by more than DoJ), and 'missing' only means that the general public doesn't know where he is.
Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
#1615 billion USD worth of bitcoin, not 15 billion bitcoins.
The title should really be corrected. I interpreted it the same way.
Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
#17Trainwreck of a headline. Suggestion: DOJ seeks $15B Bitcoin forfeiture from Cambodian forced labor scam.
Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
#18Earlier quoted context omitted.
A consensus of miners is still a "they".
Even a unanimous agreement of all miners would be unable to change consensus rules. These rules are not set by miners.
Miners choose which version of the software they run. The software defines the consensus rules.
If sufficient mining power prefers software versions with specific consensus rules, the rules are effectively changed. By a "they".
Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
#19Earlier quoted context omitted.
Even a unanimous agreement of all miners would be unable to change consensus rules. These rules are not set by miners.
Miners choose which version of the software they run. The software defines the consensus rules. If sufficient mining power prefers software versions with specific consensus rules, the rules are effectively changed. By a "they".
This is simply not true. BTW I was a bitcoin core developer for many years, and am one of the few people who have actually changed bitcoin’s consensus rules.
If a quorum of miners decide to run hard fork changes, then they just disappear from the network once the changes trigger. No miner can force a user to change their consensus rules.
A soft fork is different. But increasing the bitcoin issuance can never be a soft fork.