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Economy

Eugene

(62,832 posts)

2. Difficult but not always impossible. Blockchain is public record and so is unlaundered coin.

Reply to no_hypocrisy (Reply #1)

Tue Jan 24, 2023, 07:56 AM

Jan 2023

Exchanges can blacklist stolen coins and the wallets containing them.

OP article says 11 wallets were seized. Binance and another exchange intervened whan a hacker tried to transfer some of the stolen crypto.

From there authorities can watch the online wallet and catch the persons trying to access it (Bitfinex heist) or crack the theoretically unhackable wallet. Anything in an online hot wallet is reachable.

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Highlight:

FBI says North Korea-backed hackers stole $100 million from crypto firm Harmony's Horizon Bridge [View all] Eugene Jan 2023 OP

Ignorance asking: How do you get the money back if it was stolen via hacking? no_hypocrisy Jan 2023 #1

Difficult but not always impossible. Blockchain is public record and so is unlaundered coin. Eugene Jan 2023 #2