Wow! Cryptocurrency exchange owner dies and takes it with him

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Forums › Finance and wealth management › Wow! Cryptocurrency exchange owner dies and takes it with him

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#2174168 6-Feb-2019 22:31

dt:

Reminds me of when $450 million in bitcoin just went "missing" from mt gox

One of the guys from the second largest exchange btc-e later got charged with helping launder the stolen BTC and possibly being even more involved..

MurrayM

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#2174286 7-Feb-2019 10:04

Talkiet:

One of the tiniest silly things I love about the Crypto craze/crash/new stories is how newspapers ABSOLUTELY cannot stop themselves using a rendered image of a coin in every story so we know what a Bitcoin looks like...

I see you can buy actual Bitcoins on Aliexpress. They look quite cool and they're super cheap, some less than $1! https://www.aliexpress.com/wholesale?catId=0&initiative_id=SB_20190206130329&SearchText=bitcoin

Talkiet

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#2174346 7-Feb-2019 11:13

Thankyou! That is hilarious and I have just ordered some. I can't wait for a scammer to demand bitcoin now :-)

Please note all comments are from my own brain and don't necessarily represent the position or opinions of my employer, previous employers, colleagues, friends or pets.

MurrayM

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#2174360 7-Feb-2019 11:49

Talkiet:

Thankyou! That is hilarious and I have just ordered some. I can't wait for a scammer to demand bitcoin now :-)

Let us know if they look the same as they do in the photos. If they do then I'll buy some and use them to impress people ("Here you go my good man, have a bitcoin for your trouble!")

dt

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#2174378 7-Feb-2019 12:13

loceff13:

One of the guys from the second largest exchange btc-e later got charged with helping launder the stolen BTC and possibly being even more involved..

CEO was found dead in her apartment not long after it all happened too.. I wonder if a lot of bad people lost a lot of money..

Beccara

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#2174399 7-Feb-2019 13:04

https://twitter.com/RayRedacted/status/1092930184125263872

JFC

Most problems are the result of previous solutions...

All comment's I make are my own personal opinion and do not in any way, shape or form reflect the views of current or former employers unless specifically stated

Beccara

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#2174401 7-Feb-2019 13:06

Now that people can't ride the bubble we're back to exit scamming exchanges. Has nobody learned anything from MtGox? Banking regulations exist for a reason

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jpoc

1043 posts

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#2174409 7-Feb-2019 13:18

MurrayM:

Talkiet:

One of the tiniest silly things I love about the Crypto craze/crash/new stories is how newspapers ABSOLUTELY cannot stop themselves using a rendered image of a coin in every story so we know what a Bitcoin looks like...

I see you can buy actual Bitcoins on Aliexpress. They look quite cool and they're super cheap, some less than $1! https://www.aliexpress.com/wholesale?catId=0&initiative_id=SB_20190206130329&SearchText=bitcoin

You can buy real bitcoin coins too.

They work thus:

You create a bitcoin address and send one bitcoin to that address.

You mint a coin that looks a lot like the photos that you see on the web.

Then, you engrave the bitcoin address and the associated crypto key on the coin.

Now you have a coin that really is worth one bitcoin - so long as nobody else knows the key.

I have seen one of these coins and could verify that there was a real bitcoin at the address on the metal coin.

Talkiet

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#2174421 7-Feb-2019 13:51

The problem being

a) Yes that's cool *

b) Someone only has to have access to the physical coin for a moment and then can access the funds without keeping the coin.

Cheers - N

* Sorry, I mean stupid... not cool.

Please note all comments are from my own brain and don't necessarily represent the position or opinions of my employer, previous employers, colleagues, friends or pets.

jpoc

1043 posts

Uber Geek

#2191875 6-Mar-2019 05:56

There is an update on this one.

Investigators have gained access to the locked laptop and have examined the alleged cold storage facility used by the exchange.

It is empty.

The coins went out months ago.

They are attempting to find out where they went.

https://www.bbc.com/news/technology-47454528

tripp

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#2191881 6-Mar-2019 06:54

jpoc:

There is an update on this one.

Investigators have gained access to the locked laptop and have examined the alleged cold storage facility used by the exchange.

It is empty.

The coins went out months ago.

They are attempting to find out where they went.

https://www.bbc.com/news/technology-47454528