{"id":415570,"date":"2020-02-22T05:19:28","date_gmt":"2020-02-22T05:19:28","guid":{"rendered":"https:\/\/wncen.com\/?p=415570"},"modified":"2020-02-22T16:49:04","modified_gmt":"2020-02-22T16:49:04","slug":"this-chinese-whale-lost-45-million-bitcoin-bch-overnight-how-happened","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-cash\/this-chinese-whale-lost-45-million-bitcoin-bch-overnight-how-happened\/","title":{"rendered":"This Chinese Whale Lost $45 Million in Bitcoin and BCH Overnight: How it Happened"},"content":{"rendered":"

One of the rallying cries Bitcoin’s<\/a> most fervent advocates use to promote the cryptocurrency is “become your own bank.” Indeed, this nascent technology allows you to complete the basic functions of modern banks: receive transactions, store capital, and send transactions (and also verify\/process transactions if you want to become a miner).<\/p>\n

While many libertarians see this as one of Bitcoin’s most tantalizing aspects, the “become your own bank” aspect of BTC has its drawbacks. The main drawback being holding your own capital means you can be hacked, often easily.<\/p>\n

$45 Million in Bitcoin and BCH Swiped<\/strong><\/h2>\n

According to a post published to the “BTC” subreddit<\/a> by a user going by “Zhoujianfu,” they have just been hacked for a large sum of both Bitcoin and Bitcoin Cash (BCH). The Redditor wrote:<\/p>\n

[This] is my address, goddamnit. [The transactions] only [have] 3 confirmations, if any miners\/the community can help somehow, I’ve got the private keys. Help, help, help… big reward obviously.<\/p><\/blockquote>\n

The addresses attached to the post, confirmed to be owned by the Reddit user through the signing of a message with a Bitcoin private key, suggest that $30 million worth of BCH<\/a> (around 100,000 coins) and $15 million worth of Bitcoin<\/a> (1,550 coins) were stolen.<\/p>\n

Indeed, NewsBTC’s<\/a> brief analysis of the addresses showed that a transactor had sent the funds from the affected addresses to others, then began splitting up the coins, likely to mitigate detection by blockchain crime-stoppers.<\/p>\n

\n

BREAKING<\/p>\n

1M $BCH<\/a> sim hack!! worth $30M from 1 single Chinese whale (he claimed lost $15M $BTC<\/a> too) He's now asking for help from miners ..I'm talking with top BCH pool owners on this OMFG<\/p>\n

\ud83d\ude31\ud83d\ude31\ud83d\ude31<\/p>\n

BCH address :qzumak2rvxksjgkjuxe2fe5jxatktlsnhy5sthr5p7<\/p>\n

THIS IS REALLY BRUTAL pic.twitter.com\/19XM3w5BL7<\/a><\/p>\n

— Dovey "Rug the fiat" Wan (hiring) (@DoveyWan) February 22, 2020<\/a><\/p><\/blockquote>\n