Mt. Gox Ex-CEO Wants Bitcoin’s Rules Rewritten To Claw Back $5B In Stolen Coins

Thousands of bitcoins have been stolen from users since the virtual currency started, and yet we can see all of these thefts happen, in real time, on the block chain. We know which addresses the stolen coins are sent to, and which ones they are stolen from. We can track the life of a bitcoin through the network. Why, then, can't we simply take those stolen coins out of commission? A UK-based digital forensic services firm, Systech, has begun offering a recovery service for lost and stolen bitcoins. The service is twofold: firstly, it will use its traditional forensic data recovery....

A bearish outlook may be triggered if bitcoin doesn't claw its way back over $40,000, the analysts said.

Bitcoin's main problem is that every transaction is public. Such a feature makes it difficult to launder stolen bitcoins. Take this $5m thief as the example. The person controlling 19,000 of Bitstamp's coins has a problem. Anyone can follow the coins as they move between addresses. Lucky for them (or not as we'll see), there exist tools to assist in hiding, disguising, and making it difficult to prove where your bitcoins originate. Mixers combine your coins with the coins of others. Everyone sends coins to a central address. The mixer sends a transaction back to each user from the key....

Opal team took back its resolution to rollback the blockchain after recovering 65% of the stolen coins from the hacker. On December 15th 2014, the Opal crew discovered a malicious wallet attack that ultimately cost them around 2.5 million coins . In order to reduce the impact of the hack, the team reached the Opal community with a proposal to rollback the blockchain. A majority of Opal users favored the suggestion and the team consequently made their democratic decision public. Soon after, the hacker contacted the Opal team to negotiate. He subsequently agreed to return a stash of 1.7....

CoinEx is online again, after being hacked two weeks ago. 50% of missing funds will have to be found in transaction fees. Only BTC and LTC markets are open at the moment. Two weeks ago, I reported on cryptocurrency exchange Coinex.pw being hacked. All coins were stolen, and the site went offline. After two days, founder Erundook posted a statement at Bitcointalk, saying Coinex would reimburse the stolen coins from their own pockets. Needless to say, the community felt worried and didn't want to take Erundook's word for it. As of today, Coinex is back online. Not enough funds. On March....