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From a technical standpoint, how difficult it is to hack your own company? What would you do, if you spent years building a Crypto/Ponzi scam and that you were
by stephc_int13 4y ago
From a technical standpoint, how difficult it is to hack your own company?
What would you do, if you spent years building a Crypto/Ponzi scam and that you were the first to know that it was going to crumble?
Let it go and face the consequences? Or try to save a few bucks knowing that you don't have much more to lose if it fails?
- michaericalribo 4y agoThere’s as much evidence for your theory as there is for GP’s
- stephc_int13 4y agoSure. But what would you do, in this context?
- spydum 4y agoif the coins are stolen or lost in some way, they cant be liquidated and thus shouldnt devalue the coin right? could reducing the availability actually be a way of preserving the market?
- HWR_14 4y agoI mean, the "inside job" theory seems to have more evidence, because as was pointed out hackers don't normally wait months to execute their attacks. And are more likely to use automation.
- lordnacho 4y ago> From a technical standpoint, how difficult it is to hack your own company? It would be easy. If you're the founder might have special access to the keys, in fact you probably need to for emergency purposes. Whether that's a "hack" I don't know, it seems to just be theft. The real question is what do you do with the fact that you have the keys? If you are tempted to nick all the money, you might end up in a bad place.
- stephc_int13 4y agoWhat if you already are in a bad place?
- lordnacho 4y agoIf you use non-privacy chains, which are the common ones, you can get found out as soon as you try to do anything meaningful with it. Eg you move to some country, you want to buy a place, you find a seller willing to take crypto, ding-ding-ding, authorities will ask them where they got the coins from and there you are in your pool.
- stephc_int13 4y agoSo, what you're saying is that some hackers are siphoning all the "funds" for no reason at all? Or maybe, if they are hackers they can use/launder those in some way or another, but if this is SBF behind a mask then he can't? I am far from an expert about money laundering techniques, but I find it hard to believe that it is impossible to launder, given the context.
- lordnacho 4y agoThere's probably something these guys know that ordinary HN people don't know about how to extract the money. Perhaps there's a jurisdiction where it's made a lot easier.
- LawTalkingGuy 4y agoYou can use your many millions to move the market in small-caps and take your profits only from the other side.
- stephc_int13 4y agoThey don't even have to know much. They will be approached by people who does. Money laundering can be lossy and even very lossy, the result will always be better than zero.