crime

Cryptocurrency stolen from Coincheck sent to 9 separate addresses

13 Comments

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seems to me learning how to "steal" cryptocurrency would be a good profession to get into. after the bitcoin Mt. Gox exchange was looted I do not recall any prosecution. now the lucky group that just coincheck has almost 1/2 a billion dollars. why invest in cryptocurrency when it seems pretty easy to steal. with 1/2 a billion dollars you could hire the best 100 hackers in the entire world.

6 ( +8 / -2 )

The only positive outcome about this is that I won't have to suffer that annoying coincheck commercial on tv anymore. That was getting on my nerves.

4 ( +5 / -1 )

In fact, I would bet you all the money in my wallet (granted, it's only about ¥10,000 worth) that no one could steal my bitcoin.

I bet someone who is really motivated could.

"Cryptocurrency trader 'forced at gunpoint to make bitcoin transfer'"

https://www.theguardian.com/uk-news/2018/jan/28/cryptocurrency-trader-forced-at-gunpoint-to-make-bitcoin-transfer

3 ( +5 / -2 )

Here's the problem:

The whole Blockchain idea STINKS for verifiable micro transactions. The fundamental problem is that you can't have independently verified transactions - they all have to be mapped back to the master blockchain.

Which is computationally expensive, and, despite the claims to the contrary, is NOT a verifiable distributed system.

Blockchains have their uses, but digital transactional "currency" is NOT one of them. If anything, Blockchains are more useful for digital signatures or large-scale transactions such as real estate.

1 ( +3 / -2 )

The whole Blockchain idea STINKS for verifiable micro transactions.

What is a 'verifiable micro transaction'?

The fundamental problem is that you can't have independently verified transactions - they all have to be mapped back to the master blockchain.

Um, that's the primary feature of the blockchain, not the problem.

Which is computationally expensive, and, despite the claims to the contrary, is NOT a verifiable distributed system.

What is a verifiable distributed system?

Blockchains have their uses, but digital transactional "currency" is NOT one of them.

It's already being used as a digital transactional currency right now. So your statement is clearly wrong, and very easily verifiable.

-2 ( +2 / -4 )

Reckless, “after the bitcoin Mt. Gox exchange was looted I do not recall any prosecution.”

Mark Karpelès is being prosecuted. The case is still in the courts.

1 ( +2 / -1 )

Aso knows nothing about finance why is he giving advice?

1 ( +2 / -1 )

I registered with them and that took 2 weeks and was all set to invest but it all seemed to complicated and unpredicatable and really it is not my style to make money from money in this way. Maybe it will go through the roof but I will not be there to enjoy the proceeds. I am not a gambler and never have gambled except with love.

0 ( +1 / -1 )

If you really believe this was a heist, then ask yourself a couple of questions....

Where did they get the money to repay those who supposedly lost money ?

Why did they not register with the FSA ?

Were they in the business of Front running their Clients, so would not wish to enter into any regulatory agreement... hence the money that they had ?

Secondly, were the funds diverted to their own anonymous accounts ?

Yet another Arrow into the Side of Japan's trust-worthyness....

-1 ( +0 / -1 )

Mmwkdw,

“Why did they not register with the FSA ?”

They did apply for registration but their application was still under review by the FSA at the time of the incident.

1 ( +1 / -0 )

Invest in fake money and sooner or later you will lose.

0 ( +1 / -1 )

@crazyjoe : have you used bitcoin? do some more research, every transaction on the blockchain is verifiable by every node on it. That is why it takes a few minutes or longer to verify transactions.

0 ( +0 / -0 )

Invest in money and sooner or later you will lose.

^ I just fixed that for you. Any Fx trading will sooner or later end up in a loss. That's how the game works. Sometimes people win, sometimes people lose.

-1 ( +0 / -1 )

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