Search
How One Man Stole $3 Billion in Bitcoin and Got Away for Nearly a Decade
30.1.2024
From purchasing cocaine to uncovering a multimillion-dollar glitch, the story of James “Jimmy” Zhong reads like a dark comedy. Zhong, a computer science graduate, exploited a vulnerability on Silk Road to steal over 50,000 bitcoin, evading detection for nearly a decade while living...
Can you recover stolen Bitcoin from crypto scams?
16.5.2023
Recovering stolen Bitcoin from crypto scams is challenging due to the anonymous nature of blockchain transactions and jurisdictional issues
Bitcoin Cold Case: The Tale of the Dormant Wallet With Close to 80,000 BTC From Mt Gox
4.4.2022
For the last 11 years, a mysterious wallet associated with the Mt Gox scandal has sat dormant holding close to 80,000 bitcoin worth $3.7 billion today. While the wallet was once the sixth-largest address a few years ago, today it’s the ninth-largest wallet in terms of bitcoin held, and...
$3.6 Billion in Bitcoin From the 2016 Bitfinex Hack Consolidates Into a Single Address
1.2.2022
$3.6 billion or 94,643.29 bitcoin stemming from the 2016 Bitfinex hack was moved and consolidated into a single wallet following 23 transfers. At the time of writing, the $3.6 billion in bitcoin remains idle and the trading platform Bitfinex says it “continues to work globally with...
Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report
26.2.2021
A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly. Only 8% of the Funds Were Transferred to Exchanges With...
Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly Stolen
25.2.2021
A number of forum posts and tweets say that the website bitcoinpaperwallet.com is compromised and people have said they have lost bitcoin using the paper wallet generator. Three years ago the website domain changed ownership and ever since then losses have been reported on Reddit forums...
Bitfinex Offers $400 Million in Rewards to Get Back 120,000 Stolen Bitcoins
5.8.2020
Cryptocurrency exchange Bitfinex is offering rewards of up to $400 million to the hackers who stole almost 120,000 bitcoins from its platform in 2016 as well as anyone putting it in touch with the hackers. Up to $400 Million Reward for the Recovery of Stolen Bitcoins Bitfinex announced on Tuesday...
Russian Court: Bitcoin Theft Not a Crime
3.7.2020
A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies....