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A comment on DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia. Parent comment

Re:DOJ seizes $15B in Bitcoin from 'pig butchering' scam bas... by MagicMoonlight on Saturday October 18, 2025 @09:51AM (#45627386)
Well how would you know who to return it to? It's crypto, the genius system which will totally replace money, which doesn't allow you to track simple things like transaction history and remedy fraud like this.

It's not like a cambodian pig butchering operation is going to keep detailed ledgers of who they scammed and for how much.

[ Parent | on HN ]
Re:DOJ seizes $15B in Bitcoin from 'pig butchering' scam bas... by Reason077 on Sunday October 19, 2025 @03:49PM (#45637342)
> ”Well how would you know who to return it to? It's crypto, … which doesn't allow you to track simple things like transaction history”

That’s not actually correct. The blockchain contains a permanent, immutable, and public record of every transaction.

Obviously you also need a way to connect a given wallet ID (address) back to it’s owner, but if transactions originated from regulated platforms like Binance then they will have those records thanks to KYC/AML rules.

If the transaction originated from a private wallet, a fraud victim could simply submit proof of their wallet ID as part of their claim.

[ Parent | on HN ]