Quote:
Originally Posted by topfiverecords
It’s not really that simple. He’d have to move 26,500 bitcoins into fiat first to move it into an offshore account. If he’d have done that the court wouldn’t have proof of the bitcoins and ether held at one or more addresses.
He’d have to fake his own death, wait out the bankruptcy and at some point in the future transfer when no one is paying attention to those addresses holding the bitcoins, move them.
So in order to wait that out, he’d have been slowly skimming from the hot wallets bit by bit along the way so perhaps the 26,500 should really be a lot more.
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That moneys long gone, frankly I doubt most of it was ever put into bitcoins in the first place, it sounds like a classic ponzi scheme, they transfer small amounts from the 'cold wallet' to the 'hot wallet', that's ponzi 101