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 fair to assume they will try to either exchange and/or buy things so as to convert back to fiat. Some people / organizations may︀ discount the value of the bitcoins to convert it back to fiat.
I am not︁ privy to any secret financial authority that monitors hacked activity, however, all bitcoins brought/sold in︂ the United States are tracked (as required by law) by all the legal exchanges and/or︃ companies dealing in bitcoin. What inferences they (the law enforcement authorities) can get out of︄ it, is anyone’s guess.
One would ideally never hack from the same country one is︅ in, it is just way to easier to get in trouble with the local laws.︆
now, someone on this forum said that tax laws are lax in many third world︇ countries, whatever that means. ive never come across a case in which a hacker who︈ lives in the u.s. or canada and who has stolen like 200 million dollars or︉ more from lets say the bank of south korea or japan and somehow funnel all︊ that stolen money back to the u.s. or canada or at least to my knowledge︋ of course. on the contrary vice versa ive heard of hackers in third world countries︌ who hacked from banks in western europe, united states , australia, ect... which are all︍ rich developed first world nations! to say that the FBI which is arguably the worlds︎ finest law enforcement agency has caught all hackers is a joke! some hackers have NEVER️ 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? i suspect former government hackers like kgb. 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 dumb and know how to fight money laundering via cryptocurrency better than most third world countries but︀ again im assuming here only of course. sometimes all we can do at times in︁ case of hackers is only to assume because the information is maybe not too reliable.︂ does this make sense? the cia, pentagon, fbi, nsa, nasa, ect........... can all be hacked︃ because anything built by men will never be perfect! what puzzles me the most is︄ why ive never heard of such cases where hackers have been either living or located︅ in any of those six anglo countries? rsvp
