4 ms·

For those that don't read the article. They stopped in 2013, so it was worth a lot less than that back then.

by lawlessone 3y ago

paulpauper 3y ago
not smart enough to use cold storage either. probably had the private keys on desktop in plain text
- JumpCrisscross 3y ago
  > cold storage This is the equivalent of 19th century criminals burying their cash. It’s fine. You just put the person in jail until they cooperate or die.
  - neatze 3y ago
    in modern day, at least stories I heard, criminals will be placed in temp holding sell (worst places), once max time in temp jail is expiring (legally allowed), they just add new charges, so effectively, you will be held in worst jail cell possible for weeks if not months, this is how I understood from stories of multiple life time criminals with 10+ years in jail time served.
- earnesti 3y ago
  Wat? They had cold storage, the cops just used a $5 wrench attack, kind of. Basically they stashed their profits from the operation to BTC, then just held it.
  - paulpauper 3y ago
    do you think German police used 5$ wrench attack? this is not North Korea.
    - baobabKoodaa 3y ago
      Not a literal wrench, but more like... persuasive talking, backed by credible threat of incarceration. The point of the "$5 wrench attack" is that it's not a cryptographic break.
      - paulpauper 3y ago
        Germany has very lax sentencing. for $2 billion I would just do the time. I am still guessing it was unprotected file on desktop. Probably the criminals kept the only copy of keys on a thumb drive , which when confiscated meant they had no choice but to comply.
        progbits 3y ago
        You think you can just get out of prison and use the money? They will be watching you and anything you buy with it or any cash you convert it to will be seized again. Might as well give it up for reduced sentence.
        wmf 3y ago
        Obviously you'd want to leave the country and never return like Kim Dotcom or Mark Karpelès.
        AlbertCory 3y ago
        Or Carlos Ghosn (a prisoner in Lebanon) the TV miniseries on his case is well worth watching.
        OtherShrezzing 3y ago
        €2bn buys a nice life for you and everyone you've ever been acquainted with, somewhere without an extradition treaty.
        adventured 3y ago

For those that don't read the article. They stopped in 2013, so it was worth a lot less than that back then.

paulpauper 3y ago

not smart enough to use cold storage either. probably had the private keys on desktop in plain text

JumpCrisscross 3y ago
> cold storage This is the equivalent of 19th century criminals burying their cash. It’s fine. You just put the person in jail until they cooperate or die.
- neatze 3y ago
  in modern day, at least stories I heard, criminals will be placed in temp holding sell (worst places), once max time in temp jail is expiring (legally allowed), they just add new charges, so effectively, you will be held in worst jail cell possible for weeks if not months, this is how I understood from stories of multiple life time criminals with 10+ years in jail time served.
earnesti 3y ago
Wat? They had cold storage, the cops just used a $5 wrench attack, kind of. Basically they stashed their profits from the operation to BTC, then just held it.
- paulpauper 3y ago
  do you think German police used 5$ wrench attack? this is not North Korea.
  - baobabKoodaa 3y ago
    Not a literal wrench, but more like... persuasive talking, backed by credible threat of incarceration. The point of the "$5 wrench attack" is that it's not a cryptographic break.
    - paulpauper 3y ago
      Germany has very lax sentencing. for $2 billion I would just do the time. I am still guessing it was unprotected file on desktop. Probably the criminals kept the only copy of keys on a thumb drive , which when confiscated meant they had no choice but to comply.
      - progbits 3y ago
        You think you can just get out of prison and use the money? They will be watching you and anything you buy with it or any cash you convert it to will be seized again. Might as well give it up for reduced sentence.
        wmf 3y ago
        Obviously you'd want to leave the country and never return like Kim Dotcom or Mark Karpelès.
        AlbertCory 3y ago
        Or Carlos Ghosn (a prisoner in Lebanon) the TV miniseries on his case is well worth watching.
        OtherShrezzing 3y ago
        €2bn buys a nice life for you and everyone you've ever been acquainted with, somewhere without an extradition treaty.
        adventured 3y ago