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TEXXR

Chronicles

The story behind the story

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US prosecutors accuse a man of remotely swiping 713 bitcoins from a hardware wallet seized in a case against his brother, who ran crypto mixing service Helix

the Feds had a Trezor but they never actually had the private keys. End mystery. https://www.bloomberg.com/... Kara Swisher / @karaswisher : READ, if only for the lede: Feds locked up a storage device full of ill-gotten cryptocurrency. Then someone started stealing the loot https://www.bloomberg.com/... via @BW @weldpond : Unplugging the wallet & physically locking it away is no protection. Brown warned that Larry could remotely take Bitcoin & the govt would be powerless to stop it. “Until we can secure them & transfer them to a govt wallet, those are available for transfer"https://www.bloomberg.com/ ...

Bloomberg David Voreacos

Discussion

  • @jeffjohnroberts Jeff Roberts on x
    One of the best crypto crime caper stories I've read in a while. A guy stole Bitcoin from a hard wallet locked in an evidence room! https://www.bloomberg.com/...
  • @wholemarsblog @wholemarsblog on x
    Feds seized $311M in Bitcoin, then hacker stole it back https://www.bloomberg.com/...
  • @hollywood_dave @hollywood_dave on x
    Tell me you don't understand crypto custody without telling me you don't understand crypto custody 🤯 https://twitter.com/...
  • @bradydale Brady Dale on x
    TL;dr — the Feds had a Trezor but they never actually had the private keys. End mystery. https://www.bloomberg.com/...
  • @karaswisher Kara Swisher on x
    READ, if only for the lede: Feds locked up a storage device full of ill-gotten cryptocurrency. Then someone started stealing the loot https://www.bloomberg.com/... via @BW
  • @weldpond @weldpond on x
    Unplugging the wallet & physically locking it away is no protection. Brown warned that Larry could remotely take Bitcoin & the govt would be powerless to stop it. “Until we can secure them & transfer them to a govt wallet, those are available for transfer"https://www.bloomberg.co…