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> 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

> 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 ago
What if you already are in a bad place?
- lordnacho 4y ago
  If 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 ago
    So, 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 ago
      There'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 ago
        You can use your many millions to move the market in small-caps and take your profits only from the other side.
      - stephc_int13 4y ago
        They 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.
stephc_int13 4y ago
Some more infos, it seems: https://twitter.com/gurgavin/status/1591434645295730689 https://twitter.com/gurgavin/status/1591434645295730689

stephc_int13 4y ago

What if you already are in a bad place?

lordnacho 4y ago
If 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 ago
  So, 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 ago
    There'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 ago
      You can use your many millions to move the market in small-caps and take your profits only from the other side.
    - stephc_int13 4y ago
      They 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.

stephc_int13 4y ago

Some more infos, it seems: https://twitter.com/gurgavin/status/1591434645295730689 https://twitter.com/gurgavin/status/1591434645295730689