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How I snatched 153k Ether after a bad Tinder date

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Re: How I snatched 153k Ether after a bad Tinder date

#71

Post by Cthulhu_ »

maddyboo wrote: post #67
outsidetheparty wrote: post #43

The "bad Tinder date" is completely irrelevant to the story, and is dispensed with after the first paragraph -- but it's oddly effective clickbait; I think this technique should be used more often: * Apple releases iPhone X, after a bad Tinder date * Jamie Dimon Slams Bitcoin as a ‘Fraud’ after a bad Tinder date * Turkey Signs Russian Missile Deal, Pivoting From NATO after a bad Tinder date * Structure and Interpreta…

Considering the fact that this was published under a pseudonym (as mentioned by another comment), I wonder if the Tinder details were a bit of misdirection. This person purportedly stole ~41 million dollars from a number of parties. Who knows who those people were? They could be some bad people, they could owe money to some bad people, or they might be angered enough to become bad people. That's not to mention the fa…

> ~41 million dollars

Please don't use this term, use the actual stolen property, 153k Ether, whose value will fluctuate daily (it gained and lost €100 in value in the past month, which would make your estimate inaccurate with about €15 million).

Re: How I snatched 153k Ether after a bad Tinder date

#72

Post by Cthulhu_ »

jandrese wrote: post #62
karlkatzke wrote: post #48

Earlier quoted context omitted.

There's a whole subreddit ( r/savedyouaclick/ ) for these.

That subreddit is great. My favorite: Dave Grohl Says There's "One Thing Missing" From Possible Nirvana Reunion | It's Kurt Cobain.

I love the ones that tell you how many clicks you've saved - some go up to almost a hundred.

Re: How I snatched 153k Ether after a bad Tinder date

#73

Post by Cthulhu_ »

spuz wrote: post #16

I think the key to understanding this article is this: > But Mitch, isn’t this wrong? No. Let's suppose the hacker really did feel no remorse for stealing 153k Ether then it seems they might not feel it necessary to keep their identity hidden. They might also feel proud enough that they feel it is worth the risk to publicly disclose their actions. Given that, it seems that perhaps some of what the author wrote might…

It really depends; cryptocurrency is so much in flux right now that governments don't know what to do with it yet, and those are the ones that determine whether something is a crime or not.

If they declare that stealing cryptocurrency is a crime, then they also need to start controlling it. Enforce auditing on smart contracts, crypto codebases, and exchanges. Which goes directly against what the whole crypto-anarchists are aiming for.

But, that's what they wanted. You win freedom, you lose security (and a lot of money).

Re: How I snatched 153k Ether after a bad Tinder date

#74

Post by Cthulhu_ »

farresito wrote: post #32

Are you really untraceable if you switch from ETH to BTC and then to dollars or euros? I don't really know how Ethereum works, but if every transaction is recorded, whichever exchange he used would have the origin ETH and destination BTC wallets and whichever bank account it's going to, wouldn't it? I would appreciate some insight on that.

If you look at purely their respective transaction logs, then probably not. However, you need an exchange to do the transfer. You could do this offline, sit with a guy who is willing to transfer the funds outside of one of the known exchanges - I don't know if there's anyone offering this yet, I can imagine in certain circles this does happen, but it requires a lot of trust.

A lot of the online exchanges are government-regulated nowadays though, and require photo ID for you to be able to do things. Mind you, it should be fairly trivial to forge or use stolen IDs. I think Coinbase asks for a second ID at one point, probably for larger transactions. But either way, those will have a transaction log, so they can see the path from wallet > fiat > bank account, and from there the banks, also regulated, can point to you (and they do / should check your ID with a bit more scrutiny).

TL;DR it's only untraceable if you can do the exchanges between cryptocurrencies and to fiat in real life with shady characters.

Re: How I snatched 153k Ether after a bad Tinder date

#75

Post by dharma1 »

Cthulhu_ wrote: post #74
farresito wrote: post #32

Are you really untraceable if you switch from ETH to BTC and then to dollars or euros? I don't really know how Ethereum works, but if every transaction is recorded, whichever exchange he used would have the origin ETH and destination BTC wallets and whichever bank account it's going to, wouldn't it? I would appreciate some insight on that.

If you look at purely their respective transaction logs, then probably not. However, you need an exchange to do the transfer. You could do this offline, sit with a guy who is willing to transfer the funds outside of one of the known exchanges - I don't know if there's anyone offering this yet, I can imagine in certain circles this does happen, but it requires a lot of trust. A lot of the online exchanges are governme…

>You could do this offline, sit with a guy who is willing to transfer the funds outside of one of the known exchanges - I don't know if there's anyone offering this yet,

Has been a thing for a few years now - https://localbitcoins.com/

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