Global Feed Post Login
Replying to Avatar DOUG WILSON

"The hack also does not appear to be financially motivated. The vanity addresses used by the hackers are generated through "brute force" methods - involving the creation of large numbers of cryptographic key pairs until one contains the desired text. But creating vanity addresses with text strings as long as those used in this hack is computationally infeasible.

This means that Predatory Sparrow would not have the private keys for the crypto addresses they sent the Nobitex funds to, and have effectively burned the funds in order to send Nobitex a political message."

Wut.... So they steal real money. Then burn it to...make a point? That seems nonsensical

Avatar
vnprc 6mo ago

nostr:nevent1qqsw2vn4hltcpfhkesu3gkya5wt45knhgzc373l2eewcvnq2wjhh08gpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsdxpfv503a2ga3ajqxw843hws9z7302ghpj4mcmjpa6qagmp9pwrsrqsqqqqqp5cqffy

Reply to this note

Please Login to reply.

Discussion

Avatar
DOUG WILSON 6mo ago

It's one thing to burn fiat. Something else to lock up loads of btc that can never be accessed again when otherwise it could have enriched someone toward their ultimate objective

Avatar
War Monitor 6mo ago

18 BTC were burned, making Bitcoin approximately 0.0000857% scarcer. And that’s not even counting the lost bitcoins. This action helped the entire Bitcoin network.

Avatar
DOUG WILSON 6mo ago

No doubt. But that's also roughly 1.8M USD that could be used to buy bombs

Thread collapsed
Thread collapsed
Thread collapsed