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The Man Who Solved Bitcoin’s Most Notorious Heist
WSJ ^ | 10 Aug 2018 | Justin.Scheck/ Bradley Hope

Posted on 08/16/2018 8:13:38 AM PDT by DUMBGRUNT

More than $400 million had seemingly vanished into cyberspace... His work—what he calls “blockchain archaeology”—has become an industry... “You know those documentaries about the Kennedy assassinations, and you see them 20 years later?” Mr. Kelman, the lawyer, remembers telling his partners. “That’s going to be us in 20 years.” ... Soon after, he got an unexpected message. Gary Alford, an agent with the U.S. Internal Revenue Service, was known in crypto circles as the investigator who identified the owner of Silk Road, ... Mr. Nilsson passed the name—with a typo—to the IRS agent, Mr. Alford. ... Mr. Vinnik’s future is unclear. The U.S. is trying to extradite him, but Russia objected, saying it wants him back in Moscow to face a €9,500 fraud case. ...

Mr. Nilsson was happy about the arrest, but remains frustrated. He feels he found his guy, but his money is stuck in Mt. Gox’s bankruptcy proceeding. Mr. Nilsson expected bitcoin to let him avoid governments, financial institutions and crooks. Instead he and his handful of bitcoins are embroiled with all three. “It’s a bit of a sad, sordid story,” he say

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Chit/Chat; Conspiracy
KEYWORDS: bitcoin; kelman; rossulbricht; russia; silkroadtaskforce; ulbricht
Even if you care nothing of Bitcoin, this is an adventurous read. GO FOT IT!

Yes, WSJ has a wall, but after a week it is 'out there'.

1 posted on 08/16/2018 8:13:38 AM PDT by DUMBGRUNT
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To: DUMBGRUNT
The coins went missing from a failed bitcoin exchange called Mt. Gox...

It wasn't really a BitCoin problem. Mt. Gox is basically a bank. You can keep your BitCoin in your personal wallet, or you can but it in a BitCoin bank for convenience, but then you expose yourself to an added layer of risk over which you have no control.

As far as I know, BitCoin has never been stolen from a personal wallet short of somebody snagging your encryption key.

2 posted on 08/16/2018 8:30:23 AM PDT by E. Pluribus Unum (<img src="http://i.imgur.com/WukZwJP.gif" width=400><p> zXSEP5Z, xnKL3lW, XywCCJd, hGhstl4.)
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To: DUMBGRUNT

Yes, WSJ has a wall, but after a week it is ‘out there’.

...

Do a Google search on the title to get past the wall.


3 posted on 08/16/2018 8:43:04 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Moonman62

Do a Google search on the title to get past the wall.

Yes, and I would add searching for a key phrase, the titles sometimes change.


4 posted on 08/16/2018 9:13:08 AM PDT by DUMBGRUNT (sowhat!)
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To: DUMBGRUNT; moonman

You can also turn off wifi after the page is mostly loaded, and prevent the covering pop up from loading. This only works for one page stories obviously.


5 posted on 08/16/2018 9:17:47 AM PDT by MrEdd (Caveat Emptor)
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To: DUMBGRUNT

I’ve created my own cryptocurrency its called :

ThePonzi

I franchise people to make and sell their own franchise operations for this new currency.

Its now worth $66434476.76 up from $32111476.13 just this morning.

I expect great things from it.


6 posted on 08/16/2018 2:14:17 PM PDT by elbook
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To: elbook

I franchise people to make and sell their own franchise operations for this new currency

That must have taken many hours of work to set up your own blockchain operation.

And after the hardware and energy costs... Some very thin gruel for the franchisees?

Jon Corzine? Is that you? Still above ground, you sob!


7 posted on 08/16/2018 2:30:29 PM PDT by DUMBGRUNT (So what!)
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