12px13px15px17px
Date:21/09/12

Bitcoin thieves yet to spend stolen hoard

Cyberthieves who stole more than $250,000 (£158,000) in digital money are still sitting on the cash.

The haul, in what is known as bitcoins, was stolen in a raid on the Bitfloor online currency exchange this month.

Bitfloor boss Roman Shtylman said transaction-tracking technology in the bitcoin system showed the money had not been spent.

 
The robbery forced Bitfloor to close but Mr Shtylman said he was working on ways to relaunch the exchange.

Crime report
 
Although bitcoins can be used to buy and sell, the digital currency is not minted by a nation. Instead bitcoins are "mined" by people getting their computer to perform a complicated and time-consuming mathematical problem. Bitcoins are spent by assigning the private key associated with them to someone else. The robbery on Bitfloor got hold of the private keys of many of the exchange's customers, thereby handing control of those bitcoins to the robbers.

Because all transactions with bitcoins are public, said Mr Shtylman, everyone who used the coins knew that the thieves had yet to start spending their ill-gotten gains.

Digital detective work carried out soon after the theft showed that it was carried out via an IP address based in Moscow, he said. No transactions had been recorded using the stolen coins since they had been taken.

"They have not been moved," Mr Shtylman told the BBC. "We may not know who the person is but we can see what they are doing with the fund."

He speculated that the thieves were sitting on their pile of digital cash because the money was still "hot". The thieves may be looking at ways to launder the money, he said, by putting it into bitcoin wallets they controlled and then converting it into other, real-world, currencies.

Mr Shtylman said a crime report about the theft had been filed with the FBI, which was believed to be investigating.

Prior to the raid Bitfloor was the largest bitcoin exchange in America and the fourth-largest in the world. Mr Shtylman said he was now looking at how best to relaunch Bitfloor.

"Given the amount of money involved it will take time to solve these problems and find ways to pay people back," he said, adding that most of the currency traders who used Bitfloor were sticking with him.
"A lot of people want to see the exchange return and continue trading," he said.
 




Views: 679

©ictnews.az. All rights reserved.

Facebook Google Favorites.Live BobrDobr Delicious Twitter Propeller Diigo Yahoo Memori MoeMesto






04 June 2020

04/06/20
Nokia 43-inch 4K LED Smart Android TV with Dolby Vision, JBL audio launched in India for Rs. 31999

Flipkart and Nokia have launched the second Nokia branded Smart TV in India, as they had promised. The 43-inch

04/06/20
Lenovo launches Chromebook Flex 3i – an 11.6-inch convertible notebook

Lenovo has quietly added a new 11.6-inch convertible Chromebook to its budget laptop lineup. The new Lenovo 

04/06/20
Samsung Display unveils optimized OLED display for 5G smartphones

Samsung Display, the display-making affiliate of the conglomerate, unveiled an optimized OLED display for 5G

04/06/20
Microsoft’s Chromium-based Edge browser rolls out through Windows Update

Edge, Microsoft’s replacement for its often-criticized Internet Explorer was first released in 2015. But last year,

04/06/20
Samsung Galaxy Note 20 Ultra first appeared on the web

A Samsung smartphone with the model number SM-N986U has recently passed Bluetooth SIG certification

03 06 2020

03/06/20
Honor Play 4, Honor Play 4 Pro with hole-punch display, 5G support launched: Price, specifications

Honor Play 4 and Honor Play 4 Pro have been launched as the latest smartphones by the Huawei sub-brand Honor. 

03/06/20
iPad shipments predicted to fall this year amid 7% decline in wider PC and tablet market

Market research firm Canalys has forecast a sharp drop in PC and tablet sales in 2020 due to the economic

03/06/20
Facebook is making it easier to bulk-delete your embarrassing old posts

Facebook is launching a new feature called Manage Activity that lets users delete their old posts. It can be used

03/06/20
OPPO RENO 3 with dimensity 1000L SoC tops Antutu mid-range ranking

AnTuTu benchmark team has published the traditional ranking of the most powerful mid-range smartphones

03/06/20
Scottish island pilots drone deliveries of medical supplies

In a field overlooking the Lorn and Islands Hospital in the town of Oban on Scotland's remote west coast, an

03/06/20
Latest iPhone and iPad update is a toxic hellstew of bugs

Have you updated to iOS 13.5 or iPadOS 13.5? If not, you might want to hold off, because Apple's back to releasing buggy updates.