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Feds seized $311M in Bitcoin, then hacker stole it back

bloomberg.com

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Re: Feds seized $311M in Bitcoin, then hacker stole it back

#31

Post by michaelrpeskin »

newZWhoDis wrote: post #27
6c737133 wrote: post #19

Earlier quoted context omitted.

scary? did you just wake from a 15 year coma? you store anything in a big-corp cloud, which you haven't personally encrypted, with keys that only you possess, then assume it's all backed up in fed repos (somewhat hyperbolic, especially for non-crims, but not far fetched by any means) that's neither new, nor news (sadly)

This is why I don’t bother with RAID (besides 0). If a drive ever fails I just FOIA NSA and all my data shows up a few weeks later, usually with a nasty letter about how this is the last time

I actually did this when it was time to renew my SF 86. I didn’t want to remember all the names and addresses and phone numbers from the last time. So I just did a FOIA on myself and the emailed me my last form already filled out.

Re: Feds seized $311M in Bitcoin, then hacker stole it back

#32

Post by [deleted] »

throw101010 wrote: post #22

> The prosecutors accuse Harmon of a very unusual crime: remotely swiping Bitcoin... As opposed to what, "locally" swiping Bitcoin? > ... Bitcoin stored on a computer device the government had already seized in another case Yeah that's your problem Mr. Prosecutor, you have no idea where bitcoins are "stored" or what the device you have seized is. Which leads me to think you are not qualified to "seize" this type of a…

[deleted]

Re: Feds seized $311M in Bitcoin, then hacker stole it back

#33

Post by faangiq »

artdigital wrote: post #21

> Agents built a detailed financial picture of Larry. Inspecting his cloud accounts, they found a Google Glass photo of a computer screen showing the Helix administrator page Wow, a picture taken with google glass is one of the things that got him

Likelihood that these are always on, dumping data directly to the Feds?

Re: Feds seized $311M in Bitcoin, then hacker stole it back

#34

Post by dvzk »

drexlspivey wrote: post #17
dvzk wrote: post #9

Earlier quoted context omitted.

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.

Are you just naming random crimes?

Yes. To defer to the prosecution’s arguments, however, it seems that Gary was charged with the following crimes:

- removal of property to prevent seizure (18 USC 2232)

- money laundering (18 USC 1956)

- obstruction of a criminal proceeding (18 USC 1512)

- lying to federal law enforcement agents

Also, the BTC were subject to forfeiture pending the resolution of the indictment against his brother.

Re: Feds seized $311M in Bitcoin, then hacker stole it back

#35

Post by dannyw »

faangiq wrote: post #33
artdigital wrote: post #21

> Agents built a detailed financial picture of Larry. Inspecting his cloud accounts, they found a Google Glass photo of a computer screen showing the Helix administrator page Wow, a picture taken with google glass is one of the things that got him

Likelihood that these are always on, dumping data directly to the Feds?

101%

Re: Feds seized $311M in Bitcoin, then hacker stole it back

#36

Post by mjthrowaway1 »

artdigital wrote: post #21

> Agents built a detailed financial picture of Larry. Inspecting his cloud accounts, they found a Google Glass photo of a computer screen showing the Helix administrator page Wow, a picture taken with google glass is one of the things that got him

Sounds like parallel construction.

Re: Feds seized $311M in Bitcoin, then hacker stole it back

#37

Post by nullc »

yieldcrv wrote: post #12

If you find yourself in the similar situation, use RenVM to get your bitcoin over to an EVM (Ethereum Virtual Machine, many networks use EVMs now), then you have many more options. You can still use Tornado cash. You can still withdraw from Tornado cash to new addresses. You can use those funds in those new addresses to buy and pump the price of the the smallcap tokens you already owned with your salary money. Decent…

Always good to have a post with someone explaining to engage in illegal money laundering and thus indirectly explain the NFT, ICO, and 1/4 of the altcoin ecosystem.

Re: Feds seized $311M in Bitcoin, then hacker stole it back

#39

Post by jen729w »

faangiq wrote: post #33
artdigital wrote: post #21

> Agents built a detailed financial picture of Larry. Inspecting his cloud accounts, they found a Google Glass photo of a computer screen showing the Helix administrator page Wow, a picture taken with google glass is one of the things that got him

Likelihood that these are always on, dumping data directly to the Feds?

Zero, given that anyone can sniff the traffic.

Re: Feds seized $311M in Bitcoin, then hacker stole it back

#40

Post by cantSpellSober »

throw101010 wrote: post #22

> The prosecutors accuse Harmon of a very unusual crime: remotely swiping Bitcoin... As opposed to what, "locally" swiping Bitcoin? > ... Bitcoin stored on a computer device the government had already seized in another case Yeah that's your problem Mr. Prosecutor, you have no idea where bitcoins are "stored" or what the device you have seized is. Which leads me to think you are not qualified to "seize" this type of a…

> as opposed to what?

There are more words in that sentence. Are there other examples where someone "remotely [swiped] Bitcoin stored on a computer device the government had already seized in another case?"

They seem to define "stored on service" in this case as "accessible only with access to device." It's an interesting case: is it harder to recover physical assets from a police storage locker than digital?

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