Hackers continue laundering 7,000 Bitcoin from the Binance hack | Crypto Craft

  • Hackers continue laundering 7,000 Bitcoin from the Binance hack

    From cryptoslate.com

    The hackers who stole 7,000 BTC from Binance continue to layer funds in an attempt to launder and obfuscate the Bitcoin’s connection to the hack. Read the latest report on the movement of these coins from analytics firm Coinfirm. In May, the world’s largest cryptocurrency exchange experienced its first major security breach, with hackers making away with 7,000 Bitcoin, now valued at over $82 million. Binance fully covered losses from the hack through its “SAFU” fund. Following the hack, major exchanges reacted by blacklisting the stolen funds. Coinbase, Poloniex, Kraken, and Huobi would freeze the funds should hackers ... (full story)

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TudorIoan
Aug 6, 2019 8:16am
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Quoting Hasher
You can't hide from the blockchain
You can. The hackers can get away with it.
Again, don't confuse "ownership tarceability" (the proof of work) with "owner identity" !
Hackers identity can fade through multiple VPN maze... easy hack
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Hasher
Aug 6, 2019 8:28am
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Quoting TudorIoan
{quote} You can. The hackers can get away with it. Again, don't confuse "ownership tarceability" (the proof of work) with "owner identity" ! Hackers identity can fade through multiple VPN maze... easy hack
Uhh what does VPN have to do with the blockchain?

This isn't about their identity either, this is about tracing transactions to their source which is 100% public and transparent on the blockchain.
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Hasher
Aug 6, 2019 8:05am
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You can't hide from the blockchain
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