RE: A Pro Trader Moonlighting As A Thief

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A Pro Trader Moonlighting As A Thief

in bitcoin •  7 years ago 

Can the bitcoins not be traced on the blockchain?

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Yes, but if you don't know who owns (has control of) that account, you can't really do much about it.

Yep, and as soon as the money hits an exchanges' wallet, it is effectively gone. :/

I suppose any sort of system to alert businesses and exchanges of wallets that are linked to theft sort of goes against the some of the main reasons for using crypto in the first place