Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 11 months ago

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dgerard@awful.systems

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All my apes (lemmy.dbzer0.com)

submitted 7 months ago by db0@lemmy.dbzer0.com to c/buttcoin@awful.systems

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[–] Euphorazine@lemmy.world -2 points 7 months ago* (last edited 7 months ago) (1 children)

Interesting. I used that video to look up the FBIs report, so the two listed got charged with money laundering. It says they "seized" the remaining Bitcoin, but it didn't specifically mention it got returned to bitfinex? Considering it was stolen in 2016 and recovered in 2022.

I also wonder how that affects sentencing and/or restitution. Considering they stole $70m of securities but it was recovered at $3.6b.

Also, I wonder how the charges would have changed if they didn't attempt to obfuscate it. Like would they just get wire fraud and using a computer to commit a crime? Maybe their charges were more than what was covered in the article. I didn't see a charge listed for actual theft. Maybe they couldn't easily prove they did the hack but could prove they laundered the crypto so that's all they prosecuted on.

[–] dgerard@awful.systems 6 points 7 months ago

there's a jurisdictional issue on the hack, it's not even clear it was a crime committed in the US.

the money laundering was straightforward though.