Numlock News: November 8, 2022 • Superyachts, Loot, Wire Fraud
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By Walt Hickey Solved Last week a 32-year-old Georgia man pleaded guilty to one count of wire fraud after stealing a quantity of bitcoin from the Silk Road a decade ago. The amount of cryptocurrency — 50,491 bitcoin — is today worth $3.36 billion. It’s been missing for a decade, but the lovely thing about cryptocurrency is that the fundamental basis of the asset is that it’s based on an irreversible and immutable ledger that is by definition public for literally anyone and everyone to see. Given that, it’s actually rather difficult to offload stolen crypto.
Numlock News: November 8, 2022 • Superyachts, Loot, Wire Fraud
Numlock News: November 8, 2022 • Superyachts…
Numlock News: November 8, 2022 • Superyachts, Loot, Wire Fraud
By Walt Hickey Solved Last week a 32-year-old Georgia man pleaded guilty to one count of wire fraud after stealing a quantity of bitcoin from the Silk Road a decade ago. The amount of cryptocurrency — 50,491 bitcoin — is today worth $3.36 billion. It’s been missing for a decade, but the lovely thing about cryptocurrency is that the fundamental basis of the asset is that it’s based on an irreversible and immutable ledger that is by definition public for literally anyone and everyone to see. Given that, it’s actually rather difficult to offload stolen crypto.