Well, time to build a better wallet.

 

I am not a crypto currency user but I did watch a documentary where it showed the Swiss and their secured mountain where they store servers for Bitcoin. The servers were in caves in a fortified bunker in the mountain with a good amount of security. I was very impressed that the Swiss are into Bitcoin. Made me actually rethink my objection to Bitcoin. The Swiss are not dummies!

 

I am not a crypto currency user but I did watch a documentary where it showed the Swiss and there secured mountain where they store servers for Bitcoin. The servers where in caves in a fortified bunker in the mountain with a good amount of security. I was very impressed that the Swiss are into Bitcoin. Made me actually rethink my objection to Bitcoin. The Swiss are not dummies!

I wish I had of bought Bitcoin when I was in college, when it was 0.02usd/BTC. Could've made a couple of billion. I called it a scam.

*Sad horn noise

 

"The FBI declined to say precisely how it accessed the bitcoin wallet, citing the need to protect tradecraft."

More than likely put a gun to someone's head, that's always been the case with government seizures in the past. It would interesting to know what wallet. Highly doubtful that they cracked anything given that would also mean every bank and pretty much all security based digital uses could be cracked using the same cryptography. It's possible they had someone under surveillance for a long time and were able to pull shenanigans that gave them the seed key, but again, very doubtful that any kind of brute force attack was successful.

 

"The FBI declined to say precisely how it accessed the bitcoin wallet, citing the need to protect tradecraft."

More than likely put a gun to someone's head, that's always been the case with government seizures in the past. It would interesting to know what wallet. Highly doubtful that they cracked anything given that would also mean every bank and pretty much all security based digital uses could be cracked using the same cryptography. It's possible they had someone under surveillance for a long time and were able to pull shenanigans that gave them the seed key, but again, very doubtful that any kind of brute force attack was successful.

Smart tech people commenting about it. Likely private key was on a US hosted server.

DOJ seizes $2.3M in cryptocurrency paid to the ransomware extortionists Darkside | Hacker News

news.ycombinator.com

 

Im spitballing but my guess is that it was plugged in somewhere. If it was on like a thumb drive that's not plugged into anything could they access it via a cyber attack? I've got a drawer full of thumb drives...idk how the the alphabet soup guys could get access to them if they are just sitting in a rando drawer.

 

What if BITCOIN is actually a product of the NSA?

Sent from my SM-T350 using Tapatalk

 

Hmmm...

Is your bitcoin wallet protected from loss by the FDIC? lol

 

I think your missing the point. When the federal gov wants your money...it is the FDIC and will get it.

 

My guess is that they finally hired a 12 year old

 

My guess is that they finally hired a 12 year old

..from 4Chan.. 😁

.02
jd

 

The "crooks" should stick to having piles of real cash flown to their choice of airport. Obumer is available to make arrangements. Has the experience.

 

WASHINGTON – U.S. law enforcement officials said Monday they were able to recover $2.3 million in bitcoin paid to a criminal cybergroup involved in the crippling ransomware attack on Colonial Pipeline.
“Today we turned the tables on DarkSide,” Lisa Monaco, Department of Justice deputy attorney general, said during a press briefing, adding that the money was seized via a court order.

Alongside Monaco, FBI Deputy Director Paul Abbate explained that agents were able to identify a virtual currency wallet that the DarkSide hackers used to collect payment from Colonial Pipeline.

“Using law enforcement authority, victim funds were seized from that wallet, preventing Dark Side actors from using them,” Abbate said.
The FBI declined to say precisely how it accessed the bitcoin wallet, citing the need to protect tradecraft.

How long will it be before hackers and criminals figure out how to compromise crypto wallets?

Plot twist: The attack was CCP-ordered and backed by their colonial figurehead, Biden. This story is fake news.

 

More Detail:

First on CNN: US recovers millions in cryptocurrency paid to Colonial Pipeline ransomware hackers | CNN Politics

US investigators have recovered millions in cryptocurrency they say was paid in ransom to hackers whose attack prompted the shutdown of the key East Coast pipeline last month, the Justice Department announced Monday.

www.cnn.com

 

Just more money laundering that will find it's way back into the crooked cabal's pockets that are currently running this Country, like this self inflicted scam and payoff wasn't heading into their pockets to begin with. Just another bribum/Ukraine scam of a different color. They have to do something to line their pockets now that Trump shut allot of their crooked laundering methods down.

Like any crooked US Gov Departs can be trusted... if they swallowed a nail, they would choke up a screw.

 

More: FBI secretly gained access to Darkside's bitcoin wallet password

The FBI recovered a huge chunk of the Colonial Pipeline ransom by secretly gaining access to DarkSide's bitcoin wallet password

The FBI seized $2.3 million after following the ransom money to a bitcoin wallet used by the hackers, for which the agency had a "private key."

www.businessinsider.com

 

"Fortunately for the FBI, according to the agent's affidavit, the agency had the private key (effectively the password) for that very address."

Ha! Sounds like these were armatures. Didn't wash their BTC properly, used an exchange/centralized wallet that the FBI could then strong arm. Hilarious.

 

According to their press release the DOJ seized 63.7 Bitcoin (digital currency) through accessing a server in North Carolina used to enter the Bitcoin wallet password of the original hackers. However, the DOJ still claims the “hackers” were sophisticated Russian operatives. Meaning the “Russian Hackers” were so sophisticated they could hack a major gas pipeline, but not sophisticated enough to protect their wallet and hosted it online on a US based server? DOJ […] approximately 63.7 bitcoins, representing the proceeds of the victim’s ransom payment, had been transferred to a specific address, for which the FBI has the “private key,” or the rough equivalent of a password needed to access assets accessible from the specific Bitcoin address. (read more) Doesn’t this seem like either the private key wasn’t private, or the FBI was the original hacker of the pipeline?

 

False flag in order to crash Bitcoin?

 

Entirely possible.

 

''Bitcoin Wallet Hacked By FBI''
Apparently NOT

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

And so it starts.

 

Anything that is transmitted electronically can be intercepted electronically. That's why I've moved almost all my assets out of 1's & 0's. Crypto may not be as secure as you once thought. Hmmm...

 

''There was a moment of sheer hilarity earlier today when during a Congressional Hearing, the CEO of Colonial Pipeline Joseph Blount took the merely farcical episode of the Colonial Pipeline ransomware hack - when, as a reminder, a ragtag band of elite "Russian" hackers somehow managed to penetrate the company's cyberdefenses but was so stupid it left most if not all of the $4.4 million bitcoins it demanded in ransom in an easily traceable address for the FBI to track down and magically confiscate (it is still unclear how the Feds got the private key to access the "hackers" digital wallet) in days if not hours - and elevated it to a level of sheer ridiculous absurdity when he told Congress that he didn't consult the FBI before paying the ransom.''

''This, pardon the parlance of our times, is complete bull****: either the CEO is lying or, worse, he is telling the truth and as some have speculated, he, the FBI and the "hackers" are all in on this so-called ransomware breach...''

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

''There was a moment of sheer hilarity earlier today when during a Congressional Hearing, the CEO of Colonial Pipeline Joseph Blount took the merely farcical episode of the Colonial Pipeline ransomware hack - when, as a reminder, a ragtag band of elite "Russian" hackers somehow managed to penetrate the company's cyberdefenses but was so stupid it left most if not all of the $4.4 million bitcoins it demanded in ransom in an easily traceable address for the FBI to track down and magically confiscate (it is still unclear how the Feds got the private key to access the "hackers" digital wallet) in days if not hours - and elevated it to a level of sheer ridiculous absurdity when he told Congress that he didn't consult the FBI before paying the ransom.''

''This, pardon the parlance of our times, is complete bull****: either the CEO is lying or, worse, he is telling the truth and as some have speculated, he, the FBI and the "hackers" are all in on this so-called ransomware breach...''

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

View attachment 368371

Yep. Smells like .gov shenanigans as usual. Doesn't pass the sniff test.

 

There is no perfect defense. Perfect defense was on thing Bitcoin was promoting a perfect defense. I did not think it would fall apart so quickly. You must know the government has had this for some time. Keeping that a secret was letting the government trace many things. Finally something came along large enough with an administration weak enough to go public with the secret of tracing bitcoin.

Still like $100 bills are still printed, Bitcoin continues. Both tools of the criminal more than not.

 

My first thought about this was, the fact that the government can hack it brings credibility to the many who have been saying Bitcoin and other cyber currencies are not secure.

 

There's zero evidence that anything was hacked or that the FBI/NSA have the ability to break standard industry security. I suspect they're purposely not giving details because they would like to dissuade people from using crypto. If they can crack Bitcoin, they can also crack all banking, secure transmissions, etc.

 

For those still behind the curve.

It's already been established ''the FBI recovered the Bitcoins from the Bitcoin wallet by deducing the password, not hacking Bitcoin. ''
''As per the publication, one of the FBI agents involved in the case used software called 'blockchain explorer', which enables the users to search a Bitcoin blockchain to determine the amount and destination of transactions, which the FBI used to figure out which Bitcoin addresses Darkside used to launder their ransom Bitcoin. The FBI agent was able to track 63.7 Bitcoins that were received as payments on May 27 by Darkside to a Bitcoin address.''

''As it happened, the FBI had the password or the private keys to that very Bitcoin wallet, which could be used to access the wallet and the funds as well. So, after securing a warrant from a federal court, the FBI managed to get access to the wallet through the passcode and recover the funds from that specific wallet. This was only made possible because the FBI had access to the private key/password to the wallet, without which the funds would have been lost forever. However, the FBI did not reveal how they got access to the password/private key to that specific wallet.''

FBI Bitcoin Hack: Find out how the FBI recovered Bitcoin from the hacker group 'Darkside'

Recently, the Department of Justice in the USA revealed that the FBI has recovered the Bitcoin from Darkside hackers. Find out more about the FBI Bitcoin hack.

www.republicworld.com

 

People who dont understand crypto wont understand this at all.

A hashing algorithm is a one way algorithm. You have a private key and a public key. They are related pairs. The public key can be used to encrypt a message and only the private key can be used to decrypt the message. The private key can be used to sign a message and the public key can be used to verify that the private key was used. The private key cannot be guessed by knowing the public key.

This is "asymmetric encryption". If we are communicating with each other, I use your public key to encrypt a message that only you can read. I sign the message with my private key and you can use my public key to ensure the message came from me. You then use your private key to decrypt the message.

The way blockchain works is that I sign a message using my private key. That message can be a type of transaction (e.g. a transfer to another public key). All the computers that have the ledger verify using the current public key that the correct private key was used to sign the message. Once they validate, everyone agrees that the transaction is valid and the new public key is now the "owner". Only the private key associated with that public key can validate transactions now. There are hundreds of millions of dollars of bitcoin in lost private key wallets.

the number space of keys is 256 bytes. This number is so large it makes it impossible to guess randomly generated keys with current computing power, even if you started a counter to try every single key. However nothing stops you from using a key with 256 1s.

A wallet is only a private key. Anyone who has the private key has access to the wallet. There are private keys that are easily guessed and those wallets are regularly swept by bots in case anyone stupidly puts any money in there. There are public keys where the private key is known so if money is transferred to a "known" account, it can be discovered in normal time.

Computer random number generators arent random and if you use a default random number generator you can generate keys that everyone knows.

 

FBI false flag event.would be the only answer that makes sense.

 

Why is there any thought that some of our agencies do not have the ability to crack a key, or have a back door to any platform, regardless of the owner's claim of security?

 

Bitcoin and Ethereum are open source and have been audited by thousands of the smartest people in cryptography. If there was a back door, it would be known. Also the whole point of open source decentralized networks, they're censorship resistant and community controlled.

Anything is possible, but until there's evidence to support a claim like that, there's no reason to believe one. The best and the brightest aren't working for government btw, and government has been way behind the curve with most tech since the 90s.

 

Passwords are easy, all it takes is a knife and the fingers that entered it to remember.

 

Exactly. As I said, a gun to the head is typically how they have done it in the past. The other option is that the "hackers" moved their BTC to a US based exchange. In that case, the FBI could absolutely strong arm the exchange into giving up the BTC without any actually "hacking" of wallets and honestly seems like the most likely case assuming this all actually happened and it's not a false flag event, which I think is incredibly likely.

 

Speaking of digital currency, this article in Politico is somewhat concerning. An interesting phrase in this is story is they are doing it "potential benefits for consumers who don’t have bank accounts." Excuse my skeptism, but I doubt they are doing us a favor. More likely, to find out how much is being transacted behind the bank.

 

Governments absolutely want more power, control and taxation, and that's a part of the push for CBDCs.