It won't be easy to hide the Bitcoin stolen through Twitter via engadget
“I am giving back to the community,” began a tweet sent out by a number of high-profile Twitter users including Elon Musk, Jeff Bezos, Bill Gates and former Vice President Joe Biden. A hacker, or hackers, gained access to a significant number of the platform’s highest-profile users. And with that access, they executed a fairly basic double-your-money scam: Whatever you paid these suddenly-generous billionaires in Bitcoin, they’d pay twice as much back within 30 minutes.
Story continuesFor the individual, or individuals, who have scored $118,000 as part of this audacious hack, what now? At the time of writing, all but $114 of that $118,000 haul has been transferred to other wallets. But those transactions are still just as visible as the current ones, so how can a person get that cash out of the system without getting a visit from the feds?
It’s worth noting, too, that operators of Tumbling operations are in the sights of various law-enforcement agencies. In February, the Department of Justice arrested a 36-year-old Ohio resident who ran Helix, a service that’s said to have laundered $300 million worth of Bitcoin. Another way of laundering ill-gotten cryptocurrency is with gambling, visiting any crypto casino and putting it all on red, or black. Obviously there’s still a lot of risk involved, but then if you’re already committing to a high-profile Twitter hack, you’re clearly feeling lucky. It helps, of course, if you have connections to a gambling site, exchange or any other institute that will be able to facilitate your laundering.
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