Post
Topic
Board Exchanges
Re: Bitfinex HACKED - funds stolen !
by
Gilf
on 04/08/2016, 19:22:14 UTC
Bitfinex should negotiate with hacker. Offer $10 million to return the stolen bitcoins and drop investigation.

Yeah, this could be done. However I think hackers will not accept the offer, because they prefer to earn much money instead of having to return all funds they have get and given only a small portion of the money to them. But it also depends on how bitfinex the hacker in the negotiation to seduce, hopefully this issue was quickly completed and running as before

Reasons hacker might agree to negotiate:

1) The advantage of not being investigated might outweigh the difference in lifestyle between having $10 million and $60 million.

2) If he keeps a portion of his settlement in BTC, the price will rise after she agrees to settle.

3) If he takes a long position in bitcoin before agreeing to settle, he will profit.

4) He will be seen as a hero by many instead of a theif and will be sought after for security advice.

5) He will be able to convert his BTC to USD easily.


What makes you think the kid in his parents basement running Bitfinex has $10 mil?

Chances are, he started cashing out bitcoins months ago just waiting for time he could release news of the "hack". Shortly before the "hack" he probably sold most of what he needed to in order to retire to Panama. He can slowly trickle out the rest over the next few years. Pure genius.

If I were him I would have done exactly what you have described above. I imagine the hacker to have at least some money to travel to Panama, Belize or any other fiscal paradise place and to keep a rent for at least 3-6 months. He then take his nice hardware wallet in his travel until he arrives there. Once he places himself in one of these fiscal paradises he then slowly start to cashout little by little without being noticed by anyone there. Sounds like a perfect plan to me.
And why no one makes assumptions that all that happened was done deliberately. We planned not only to bring a significant amount of bitcoin, but buy for the same money more bitcoin. The statistics of who is seen as bitcoin sold these days?