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Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by rufusroflpunch on Monday November 07, 2022 @11:02AM (#33507580)
This is baffling. It would be remarkably easy to memorize 12 words, then keep no active wallet anywhere. When you want to send coins, start up a desktop wallet, enter the 12 words, send some Bitcoin, then delete the wallet.
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by cesarb on Monday November 07, 2022 @11:50AM (#33508357)
If this was a really old Bitcoin wallet, it could be from before the "12 words" thing. IIRC, older wallets randomly generated each key, instead of deriving them from a seed passphrase (which also meant you had to be really careful with your backups, since an old backup of the wallet wouldn't have its newer keys).
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by rufusroflpunch on Monday November 07, 2022 @07:23PM (#33514485)
I am sure you’re right. But you could just send the funds to a new address in the new wallet. He could have done that at any point in the last 5+ years.
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by Scoundreller on Monday November 07, 2022 @12:11PM (#33508736)
Would he want to have all the funds in 1 wallet?

(I understand these hardware wallets let you load up as many as you want.)

Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by rufusroflpunch on Monday November 07, 2022 @07:26PM (#33514494)
He was more or less doing that already anyway. He could at least have used an even moderate amount of modern Bitcoin opsec.
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by 323 on Monday November 07, 2022 @12:14PM (#33508788)
And one day you hit your head and can't remember the words anymore.
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by gardenhedge on Monday November 07, 2022 @05:49PM (#33513649)
maybe buy twelve items that represent the words and have them around the house
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by tedunangst on Monday November 07, 2022 @06:37PM (#33514103)
I saw that movie!
Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by gardenhedge on Wednesday November 09, 2022 @04:18PM (#33537983)
What is the movie?