what does this have to do with this, i was talking to a money transfer expert and this is what he told me about hackers who steal like 100 million dollars or more being located in third world countries,
Not really my area of expertise, but I will give it a shot.
I cannot speak for why the hackers are presumably in a country that is classified as third world, presumably because of lax security laws. However, most countries are signatory to Interpol and other law enforcement agencies and can extradite alleged criminals.
Where stolen bitcoins go, I have no idea, however, it is fair︀ to assume they will try to either exchange and/or buy things so as to convert︁ back to fiat. Some people / organizations may discount the value of the bitcoins to︂ convert it back to fiat.
I am not privy to any secret financial authority that︃ monitors hacked activity, however, all bitcoins brought/sold in the United States are tracked (as required︄ by law) by all the legal exchanges and/or companies dealing in bitcoin. What inferences they︅ (the law enforcement authorities) can get out of it, is anyone’s guess.
One would ideally︆ never hack from the same country one is in, it is just way to easier︇ to get in trouble with the local laws.
now, someone on this forum said that︈ tax laws are lax in many third world countries, whatever that means. ive never come︉ across a case in which a hacker who lives in the u.s. or canada and︊ who has stolen like 200 million dollars or more from lets say the bank of︋ south korea or japan and somehow funnel all that stolen money back to the u.s.︌ or canada or at least to my knowledge of course. on the contrary vice versa︍ ive heard of hackers in third world countries who hacked from banks in western europe,︎ united states , australia, ect... which are all rich developed first world nations! to say️ that the FBI which is arguably the worlds finest law enforcement agency has caught all hackers is a joke! some hackers have NEVER been caught! look at this, Hackers Steal $1 Billion in Massive, Worldwide Breach in this case no one has ever been caught! who do you think did it? it would be really hard to picture not impossible of course but difficult for someone to funnel a ton of money back into some rich developed nation like those six anglo countries that i mentioned! other options include offshore bank accounts. i also tend to believe that those six anglo countries are not dumb︀ and know how to fight money laundering via cryptocurrency better than most third world countries︁ but again im assuming here only of course. sometimes all we can do at times︂ in case of hackers is only to assume because the information is maybe not too︃ reliable. does this make sense? the cia, pentagon, fbi, nsa, nasa, ect........... can all be︄ hacked because anything built by men will never be perfect! what puzzles me the most︅ is why ive never heard of such cases where hackers have been either living or︆ located in any of those six anglo countries? rsvp p.s. youre kind of changing the︇ subject.
Not really my area of expertise, but I will give it a shot.
I cannot speak for why the hackers are presumably in a country that is classified as third world, presumably because of lax security laws. However, most countries are signatory to Interpol and other law enforcement agencies and can extradite alleged criminals.
Where stolen bitcoins go, I have no idea, however, it is fair︀ to assume they will try to either exchange and/or buy things so as to convert︁ back to fiat. Some people / organizations may discount the value of the bitcoins to︂ convert it back to fiat.
I am not privy to any secret financial authority that︃ monitors hacked activity, however, all bitcoins brought/sold in the United States are tracked (as required︄ by law) by all the legal exchanges and/or companies dealing in bitcoin. What inferences they︅ (the law enforcement authorities) can get out of it, is anyone’s guess.
One would ideally︆ never hack from the same country one is in, it is just way to easier︇ to get in trouble with the local laws.
now, someone on this forum said that︈ tax laws are lax in many third world countries, whatever that means. ive never come︉ across a case in which a hacker who lives in the u.s. or canada and︊ who has stolen like 200 million dollars or more from lets say the bank of︋ south korea or japan and somehow funnel all that stolen money back to the u.s.︌ or canada or at least to my knowledge of course. on the contrary vice versa︍ ive heard of hackers in third world countries who hacked from banks in western europe,︎ united states , australia, ect... which are all rich developed first world nations! to say️ that the FBI which is arguably the worlds finest law enforcement agency has caught all hackers is a joke! some hackers have NEVER been caught! look at this, Hackers Steal $1 Billion in Massive, Worldwide Breach in this case no one has ever been caught! who do you think did it? it would be really hard to picture not impossible of course but difficult for someone to funnel a ton of money back into some rich developed nation like those six anglo countries that i mentioned! other options include offshore bank accounts. i also tend to believe that those six anglo countries are not dumb︀ and know how to fight money laundering via cryptocurrency better than most third world countries︁ but again im assuming here only of course. sometimes all we can do at times︂ in case of hackers is only to assume because the information is maybe not too︃ reliable. does this make sense? the cia, pentagon, fbi, nsa, nasa, ect........... can all be︄ hacked because anything built by men will never be perfect! what puzzles me the most︅ is why ive never heard of such cases where hackers have been either living or︆ located in any of those six anglo countries? rsvp p.s. youre kind of changing the︇ subject.
