News for hackers. Stuff that matters.

A comment on Bitcoin phishing attempt. Parent comment

Re:Bitcoin phishing attempt by hmottestad on Thursday November 21, 2013 @08:45AM (#6774586)
It could very well be money laundering.

Send a legit bitcoin and they send you back 3 stolen bitcoins from one of the mt.gox hacks.

[ Parent | on HN ]
Re:Bitcoin phishing attempt by nullymcnull on Thursday November 21, 2013 @09:01AM (#6774649)
At the current exchange rate, they would be losing ~$1400 USD to 'clean' $700. Nobody launders money at such a drastic loss.

Given that they say their minimum 'deposit' is 1 BTC, even finding a handful of extremely gullible marks will be quite lucrative for them. That's all the motive necessary. It goes without saying that no one who sends BTC to this address is going to see anything back.

[ Parent | on HN ]
Re:Bitcoin phishing attempt by Tenoke on Thursday November 21, 2013 @09:35AM (#6774829)
>At the current exchange rate, they would be losing ~$1400 USD to 'clean' $700.

This is valid at any exchange rate, not just the current one.

[ Parent | on HN ]
Re:Bitcoin phishing attempt by geoka9 on Thursday November 21, 2013 @01:47PM (#6776519)
BTW, does it mean that bitcoin users should verify every bitcoin they receive to make sure it hasn't been stolen?
[ Parent | on HN ]