Comment by pjdesno
4 months ago
It seems like the common thread here is that the thefts were of cryptocurrency, rather than real assets in a financial system with safeguards. You can still get robbed of those assets, but it leaves a far stronger paper trail to catch the perpetrators.
The difference is that we haven't spent a century building up police organizations, bureaucracies, processes and international working relationships to track down crypto crime the way we have for "normal" financial crimes.
You would track down this crypto in just about the same way you'd track down a fraudulently ordered wire transfer that was cashed out. Records would be requested, IP's and timestamps recorded, more records would be requested from other parties based on those, and so on and so on. The difference is that it's somebody's job to go after those. It's nobody's job to go after this.
It’s the classic tradeoff of freedom vs. security. It’s the biggest reason I can’t foresee myself storing substantial amounts of cryptocurrency. I just want to hand my hard earned money to a financial institution and not have to think about it too much.