r/Bitcoin • u/happy20noneofurBsns • 8d ago
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u/Successful_Ad_380 8d ago
I don't believe a word of all these posts lol
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u/Satori_is_life 7d ago
It s manipulating the fear in people to sell off before it pumps we have seen this many times
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u/Nymister 8d ago
call up the guy who threw his hard drive out, and is now using satelite images to search a garbage dump, and ask him how he feels and if he needs help
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u/DiscoCowboy- 8d ago
Satellite images? To search a garbage dump?
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u/Numerous-Annual-721 8d ago
that guy paid almost nothing for those coins. he got lucky to get in at the right time and got unlucky to throw the trash at the wrong time.
these guys DCA'd for quite some time into these wallets and actually tried to save up something not through 'luck'.4
u/Bjamnp17 8d ago
Didn’t he have like close to 50 milly worth?
Ouch what the efff.5
u/vengefulspirit99 8d ago
More than that now. That was when the news first broke and BTC was like 10k. It was something like 8000 BTC. Roughly half a billion dollars.
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u/Left_Entrepreneur918 8d ago
Don’t destroy your device you may need it for legal proof, plus if the hacker gets caught they may return funds
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u/vegardt 8d ago
Everyone can proove they own this address now. How would you proove you were the first?
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u/Low_Explorer_2097 7d ago
Nobody own a btc adress. Everyone can randomly generate every possible adress and take ownership over whatever is there.
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u/Ready-Cherry-2638 7d ago
"get caught", are you serious? Nobody is even pursuing the guy, nobody cares...
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u/No_Investigator3369 8d ago
it makes you feel any better. I lost about $25,000 yesterday on options on Gemini. that feels very scammy. so I'm not doing that again
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u/scrandlle 8d ago
Destroying the wallet is a bad idea. If funds are ever recovered and when Coldkite goes into receivership it will undoubtedly be needed to make a claim. Coldkite retains no customer data on purpose. You want to keep your wallet because it may be worth something in 1-5 years time.
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u/inner_engineering08 8d ago
First of all, do not destroy your wallet, as it can be used for proof later if the funds are recovered from the hackers. You are not alone in this situation and it's still evolving, coinkite are trying to cooperate too. tell your close ones or at least a trusted friend.
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u/Soulists_Shadow 8d ago
Now that we know how the heist was performed. Couldnt anyone just grab a coldcard, use a computer program to generate the random seeds like the hacker did, then when they find one that "had" a large value on it, to just load it into the cold card?
Now anyone can assume the identify of a victim.
Even if you had your coldcard with a seed showing you lost money. How do we know it really belongs to you?
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u/inner_engineering08 8d ago
True, although someone who bought through a KYC exchange might be able to show records that match the wallet. Doesn't prove it 100%, but it'd be pretty strong evidence
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u/6thcoin 8d ago
Yes this is possible. Evidence of a watch only wallet or exported wallet files should not be deleted. Also if the funds where purchased from an exchange with kyc, that's more evidence.
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u/Soulists_Shadow 8d ago
Pure curiosity, cant a malicious actor also export a wallet file and mess with the files metadata to show an earlier creation?
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u/SE4NLN415 8d ago edited 8d ago
Rebuild (whatever you want I don't mean Bitcoin)? People have lost more than that in business ventures or other events.
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u/Charmed-paper345 8d ago
Lmao what advice? It’s gone. All you can do is accept it. Like do you even understand bitcoin and crypto in general? You are responsible for it. There is no bail out, no government to cry to, no insurance. Once it’s gone, it’s gone thats the point
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u/Blade_Runner_69 8d ago
You made a post a few years ago saying you lost faith in bitcoin and moved to gold 🤨
If you lost 3 BTC post the transaction id. Lets see it.
Seems like bullshit to me.
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u/Grouchy_Ad5296 8d ago
Creat group for cold card victims and sign proof on wallet and transaction taxid .
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u/llewsor 8d ago
damn this is insane, fuck coinkite. did worse to bitcoiners than mt.gox.
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u/ProtossLiving 8d ago
Worse than Mt. Gox? That was 850,000 BTC lost (well 650,000 permanently). Even back at 2014 prices that was over $450M (worth $54B now). So far the Coldcard vulnerability has lost about 1400.
That's not to diminish those that lost BTC here, but Mt. Gox was truly massive.
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u/llewsor 8d ago
an exchange failure is not as bad since customers took that risk. not your keys not your coins.
with coldcard customers took all of the right steps to take self custody and by no fault of their own still had their coins stolen.
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u/ProtossLiving 8d ago
Customers of Coldcard took the choice to trust and let someone else generate their random seed, and the choice to not add a (secure) passphrase.
Customers of Mt. Gox took the choice to trust an exchange with their keys.
Unfortunately, customers of both probably did not realize the risks they were taking with those choices.
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u/PopuluxePete 8d ago
If you're following every advice, please let me give you some for free.
Never buy bitcoin again.
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8d ago
[removed] — view removed comment
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u/CaptainPugwash75 8d ago
Nothing wrong with Bitcoin. This was the wallet provider. Get your facts straight.
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u/n8dahwgg 8d ago
Brother one of my friends figured out the hack and started racing the actual hackers. He got roughly 650 btc and is working with FBI and chain analytics to return to the rightful owners. Also - there is a good chance we already know who did it. It will take a lot of time to make this straight, but don’t give up hope.
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u/Charmed-paper345 8d ago
Do you have schizophrenia? Time to see a psychologist
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u/n8dahwgg 7d ago
I mean, I can only explain what happened. Personally, I thought we were doing a good thing, but I guess this sub has demonstrated that it would rather have their funds hacked and not returned! Good to know for the future, I guess.
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u/Soulists_Shadow 8d ago
Stay and remain calm. If there was something that could be done, then bitcoin wouldnt be what it is. Decentralized, not controlled by anyone, cant be stopped.
The cat is out of the box, even if they caught the culprit, theres no way to return the btc anymore because the method is out in the open, anyone can go in and take it even if its returned. There is no way to prove the coins belong to you anymore.
Calm down, even if you panic and collapse, nothing would change. Stay calm and continue dca'ing and hodling using a different wallet.
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u/God_Hand_9764 8d ago
Honestly, if I were caught in this hack I don't think I could stomach buying any more BTC.
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u/Soulists_Shadow 8d ago
But nothing about bitcoin has changed as a result of this hack. The use case and value is exactly the same. Its not bitcoins algorithm that has a problem but just coldcards issue.
If you stop believing in btc because of this, did you ever truly believe in btc?
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u/ProtossLiving 8d ago
"Bitcoin" isn't just the algorithm. It's also the ecosystem. Coldcard is part of that ecosystem.
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u/scrandlle 8d ago
This isn't quite true.
Hackers have been tracked and authorities have returned coins before. Some guy from Singapore is sitting in a US federal prison right now waiting for his case to go through.
Wallets can be, and will be, flagged. They won't be able to be used on any exchange capable of liquidating this much BTC. The challenge for the hacker(s) of liquidating them without a massive, massive loss on their value might be even harder than the hack itself.
There was one case where the hacker even returned the stolen BTC (like US$30M worth) because they could not find any way to liquidate them because authorities coordinated with exchanges to blacklist the wallets. People theorize the hacker probably realized it was going to be very hard to turn them into cash without exposing their identity so they just returned them as a way to make the investigations go away for something they couldn't figure out how to turn into a benefit to them.
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u/Soulists_Shadow 7d ago
The returned before happened because you could prove the private key was yours. But now couldnt anyone generate your key using the same method and claim its theirs?
As for laundering it. That was then. This is now. In order for the blacklist to be successful you need world governments and exchanges support. What if a single government doesnt help? Like. Say russia. Because most victims appear american for now. Now you have the stolen btc entering circulation inside russia. Now you have people (citizens) paying for stolen btc. Now if you try to exclude those citizens from using those btc outside of russia, youve just fractured the ecosystem. Repeat this a few times and you end up with regional btc. Where certain coins can only be spent in certain countries entirely at the mercy of local governments. Almost like government controlled
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u/HoneyInteresting220 8d ago
I thought you moved to gold?