U.S. seizes $2.3 mln in Bitcoin paid to Colonial Pipeline hackers

Reuters ^ | June 7, 2021 | Christopher BingJoseph MennSarah N. Lynch

[Elsie]

If the FBI can hack and steal your wallet contents, nobody’s bitcoins are safe.

They can do this to your money in the bank NOW!!

[Elsie]

replies #18 and #19

both about sniffing.

Coinkydink or not?

You make the call.

[Elsie]

You won't be able to buy and sell unless you barter privately.

HMMMmmm...

Now just where have I read something like this before?

Seems it was in a really old book.

[Elsie]

Can a FISA warrant judgment be faked?

[chuckles]

...."Seems it was in a really old book."....

You mean like "Nothing new under the sun"?

[Persevero]

“They can do this to your money now!”

Yes, but they have systems in place like warrants and liens and judgments and appeals.

Not that they work perfectly.

Would you rather the government confiscate a million of your Bitcoin or a million from your certificate of deposit?

Assuming they did it with no legal basis, I’d get it back from the CD eventually. I’d never see the Bitcoin again

[Zathras]

This type of thing has been going on for 30 years and finally now the FBI does something?
Probably only to protect Plugs and the Ho

[MadMax, the Grinning Reaper]

#11. So the “bitcoin” “bit the dust”. Ended up in the “dust-bin” of currency?

[Patriot95]

I would imagine that the government does host “full nodes” for Bitcoin and other crypto - it would make sense from a law enforcement/intel perspective since these are the nodes that validate all transactions and keep full databases of the blockchain.

Nothing to back this up, but I often wonder if Uncle Sam or another government wasn’t the one who came up with it in the first place - since despite what people say about its security, crypto is much easier to track than cash.

[Enlightened1]

The Feds are trying to sell the public the most ridiculous story ever.

They want the public to believe that the hackers were sophisticated enough to shutdown U.S. pipeline, but at the very same time so dumb to sent it to a U.S. Centralized Crypto Currency Exchange that requires a ID and background check (aka KYC-AML) to store that amount of Bitcoin in it.

This is the equivalent of terrorists getting paid a ransom and then depositing it into their checking account at the biggest public bank.

What this tells us is the people that came up with this ridiculous story do not understand some of the most basic understandings of holding crypto currency.

[Ann Archy]

What is the simplest explanation to you??

[Texas Fossil]

There are no coincidences.

[rockabyebaby]

“All your bitcoin are belong to us.”

[Navy Patriot]

Yours.

[Navy Patriot]

Excellent analysis.

[Navy Patriot]

If they can, they will.

[Navy Patriot]

FALSE FLAG!!!

The most likely explanation.

[Navy Patriot]

We are not alone.

[Navy Patriot]

Most likely 4 out of 5 of the 'hackers' were actually FBI.

The fifth was NSA, so the FBI has been infiltrated.

[Sirius Lee]

Interesting market reaction now that folks are discovering that the deep state can “rob the bank” as it were, with impunity.