[LINK] Welcome to the jungle
Kim Holburn
kim at holburn.net
Fri Nov 8 15:12:59 AEDT 2013
Except it may be possible to trace bitcoins:
http://www.technologyreview.com/news/518816/mapping-the-bitcoin-economy-could-reveal-users-identities/
And to know if bitcoins are stolen:
http://www.coindesk.com/what-should-we-do-with-stolen-bitcoins/
On 2013/Nov/08, at 1:24 PM, Jim Birch wrote:
> http://www.abc.net.au/news/2013-11-08/bitcoin-site-hacked-founder-says/5078148
>
> "A bitcoin user who calls himself TradeFortress says more than 4,100
> bitcoins worth about $1.1 million have been robbed from his website.
>
> The stolen bitcoins are owned by the users of his website, who had trusted
> their bitcoins to him.
>
> TradeFortress, who says he is not much older then 18, does not want to be
> identified because he is worried about his personal safety.
>
> He and his users know the chances of getting their bitcoins back are
> extremely unlikely because bitcoin transactions can't be reversed.
>
> The bitcoin transaction trail is designed to be anonymous, which has led to
> speculation this was an inside job and that TradeFortress took the coins
> for himself.
>
> But when asked by AM he strenuously denied those accusations, and that
> despite his $1 million dollar loss he is unlikely to report the theft to
> the police."
>
>
> and
>
> "Technology commentator Sthilgarian says the appeal of bitcoin theft, as
> opposed to stocks or bonds, lies in its inability to be traced."
>
> Possibly a relative of sometime linker Stilgherrian?
>
> - Jim
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--
Kim Holburn
IT Network & Security Consultant
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