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Compared to Cambodia, sure, but it's an international crime gang, with this particular one being just one branch. I wonder if this was their biggest hoard or if

Compared to Cambodia, sure, but it's an international crime gang, with this particular one being just one branch. I wonder if this was their biggest hoard or if they had more? Really poor financial management to have all that money concentrated that much though. It either means they dropped the ball bigly, or this is spare change for them... although Bitcoin's market cap is $2.24 trillion at the moment, $15 billion is a significant chunk of that.

itopaloglu83 1y ago
In $5 wrench we trust. - Bitcoin
- kevinak 1y ago
  That doesn't appear to be how they seized the funds though, the criminal hasn't been caught so they must have hacked his devices to gain access to the private keys. No $5 wrench involved.
  - ur-whale 1y ago
    Which just goes to show that custody is a hard and almost always under-estimated problem.
    - kevinak 1y ago
      It is, but it's not so hard that you can't figure it out to keep your 15 billion safe.
      - gosub100 1y ago
        There is no honor among pig butchers.
        codedokode 1y ago
        There is no honor among people in general.
        fragmede 1y ago
        Sorry you've not met enough honorable people to have that level of cynicism.
      - lmm 1y ago
        Well these guys apparently didn't manage that.
      - pixl97 1y ago
        It's much harder to keep things safe under rule of villains than rule of law.
  - itopaloglu83 1y ago
    It’s probably a computer hack of some sort that led to accessing the wallet password etc. I bet somebody wrote down their password, too scared of what would happen to them if they were to forget it.
    - reactordev 1y ago
      Nah, you know he had his wallet backed up to his My Documents folder as json…
      - qwertytyyuu 1y ago
        not a sticky note on the desktop?
    - jonbiggums22 1y ago
      I assume by wrote down you mean they saved it in a file somewhere. Amusing to think it would have been safe from that kind of hack if they'd written it on a post it node and stuck it on the bottom of their keyboard.
idiotsecant 1y ago
The difference between 15 billion and 2.24 trillion is pretty much 2.24 trillion. I'm not sure there is a definition of the word where this is true .
- deleted 1y ago
  [deleted]
- stephen_g 1y ago
  I expect it would be pretty significant probably when compared to the actual fiat inflows/outflows to and from the cryptocurrency market. Trying to liquidate $15bn to USD reasonably quickly would very likely cause a massive drop the price, which would correspondingly drop the market cap by potentially many times that $15bn.
Sohcahtoa82 1y ago
> although Bitcoin's market cap is $2.24 trillion at the moment, $15 billion is a significant chunk of that. Literally about 0.67%. I wouldn't call that significant.
- deleted 1y ago
  [deleted]

itopaloglu83 1y ago

In $5 wrench we trust. - Bitcoin

kevinak 1y ago
That doesn't appear to be how they seized the funds though, the criminal hasn't been caught so they must have hacked his devices to gain access to the private keys. No $5 wrench involved.
- ur-whale 1y ago
  Which just goes to show that custody is a hard and almost always under-estimated problem.
  - kevinak 1y ago
    It is, but it's not so hard that you can't figure it out to keep your 15 billion safe.
    - gosub100 1y ago
      There is no honor among pig butchers.
      - codedokode 1y ago
        There is no honor among people in general.
        fragmede 1y ago
        Sorry you've not met enough honorable people to have that level of cynicism.
    - lmm 1y ago
      Well these guys apparently didn't manage that.
    - pixl97 1y ago
      It's much harder to keep things safe under rule of villains than rule of law.
- itopaloglu83 1y ago
  It’s probably a computer hack of some sort that led to accessing the wallet password etc. I bet somebody wrote down their password, too scared of what would happen to them if they were to forget it.
  - reactordev 1y ago
    Nah, you know he had his wallet backed up to his My Documents folder as json…
    - qwertytyyuu 1y ago
      not a sticky note on the desktop?
  - jonbiggums22 1y ago
    I assume by wrote down you mean they saved it in a file somewhere. Amusing to think it would have been safe from that kind of hack if they'd written it on a post it node and stuck it on the bottom of their keyboard.

idiotsecant 1y ago

The difference between 15 billion and 2.24 trillion is pretty much 2.24 trillion. I'm not sure there is a definition of the word where this is true .

deleted 1y ago
[deleted]
stephen_g 1y ago
I expect it would be pretty significant probably when compared to the actual fiat inflows/outflows to and from the cryptocurrency market. Trying to liquidate $15bn to USD reasonably quickly would very likely cause a massive drop the price, which would correspondingly drop the market cap by potentially many times that $15bn.

Sohcahtoa82 1y ago

> although Bitcoin's market cap is $2.24 trillion at the moment, $15 billion is a significant chunk of that. Literally about 0.67%. I wouldn't call that significant.

deleted 1y ago
[deleted]