Ok, there is something that still eludes me when such a 'heist' is reported. Hypothetically, let's say that you managed to steal half a billion dollars worth of whatever is the crypto-currency du jour. What do you do with it? I mean other than looking at some numbers on a screen: how do you turn that into actual profit, i.e., something you can enjoy/consume; say, how do you buy yourself one or ten houses with it - using houses as an example of tangible 'stuff', something that can not - to my knowledge - be bought directly with cryptocurrencies, and that is somewhat conspicuous... I guess my question is pretty much what the guys in 'Office Space' are wondering when they try to figure out the whole 'money laundering' thing.
A Cryptocurrency Theft Bigger Than Mt. Gox Just Happened In Japan - Motherboard
'A Japanese cryptocurrency exchange says it just experienced what may be the most financially damaging marketplace theft in the history of the technology. '
'That incident saw $450 million USD worth of Bitcoin go missing and embroiled founder Mark Karpeles in a legal drama that is still ongoing nearly four years later. '
'Rumors are swirling that NEM wasn’t the only cryptocurrency stolen from Coincheck. '
'The sum allegedly stolen from the Coincheck exchange—500 million units of NEM, a newer cryptocurrency—was worth roughly $500 million USD at the time of the theft, which would eclipse even the alleged 2014 hack of Japanese exchange Mt. '
'The theft was announced by Coincheck officials at the Tokyo Stock Exchange during a late-night press conference, Bloomberg reported early on Friday morning. '
Gargilius ago
Ok, there is something that still eludes me when such a 'heist' is reported. Hypothetically, let's say that you managed to steal half a billion dollars worth of whatever is the crypto-currency du jour. What do you do with it? I mean other than looking at some numbers on a screen: how do you turn that into actual profit, i.e., something you can enjoy/consume; say, how do you buy yourself one or ten houses with it - using houses as an example of tangible 'stuff', something that can not - to my knowledge - be bought directly with cryptocurrencies, and that is somewhat conspicuous... I guess my question is pretty much what the guys in 'Office Space' are wondering when they try to figure out the whole 'money laundering' thing.
derram ago
https://unvis.it/https://motherboard.vice.com/en_us/article/ne4xdk/a-cryptocurrency-theft-bigger-than-mt-gox-just-happened-in-japan-coincheck-nem :
'A Japanese cryptocurrency exchange says it just experienced what may be the most financially damaging marketplace theft in the history of the technology. '
'That incident saw $450 million USD worth of Bitcoin go missing and embroiled founder Mark Karpeles in a legal drama that is still ongoing nearly four years later. '
'Rumors are swirling that NEM wasn’t the only cryptocurrency stolen from Coincheck. '
'The sum allegedly stolen from the Coincheck exchange—500 million units of NEM, a newer cryptocurrency—was worth roughly $500 million USD at the time of the theft, which would eclipse even the alleged 2014 hack of Japanese exchange Mt. '
'The theft was announced by Coincheck officials at the Tokyo Stock Exchange during a late-night press conference, Bloomberg reported early on Friday morning. '
This has been an automated message.