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Re:Bitcoin Payment Processor BIPS Attacked, Over $1M Stolen by aviraldg on Monday November 25, 2013 @10:24AM (#6794480)
Correct me if I'm wrong, but if someone tries to convert stolen BTC into USD, it'll show up as a public transaction? (hence making it useless to steal BTC)
Re:Bitcoin Payment Processor BIPS Attacked, Over $1M Stolen by punjabisingh on Monday November 25, 2013 @10:55AM (#6794720)
If they made a transaction with the exact amount stolen, maybe we could say it is the same wallet as the one stolen, but it could also be a false positive.

I would think the thieves are smart enough to make multiple transactions to move this money, in which case they won't get caught at all.

Re:Bitcoin Payment Processor BIPS Attacked, Over $1M Stolen by M4v3R on Monday November 25, 2013 @10:55AM (#6794717)
Yes and no. While all transactions are public, you can use a "mixing service" that will mix your Bitcoins with other people's Bitcoins, effectively covering their origin.