“The thief is currently attempting to hide a stash of at least 96,000 Bitcoins (about $100 million), the pair said in a conversation on Reddit. The two Reddit users, ‘SheepReloaded2’ and ‘NodManOut’ have become heroes on a subreddit dedicated to tracking the thief. But there is just one problem (for the thief): His haul is so huge it sticks out like a sore thumb whenever he tries to launder the money. And his pursuers believe he will be unable to cash out a sum that large without revealing himself. ‘He has 1% of the world’s bitcoins. Its hard to clean and sell more than 4 or 5 btc at a time,’ SheepReloaded2 says.”
http://www.businessinsider.com/220-million-sheep-marketplace-bitcoin-theft-chase-2013-12
Related posts:
Democrat seeks to defund Obama’s expansive war powers
Website leaked real-time location of most US cell phones to almost anyone
Why London’s Mayor Won’t Pay “Outrageous” US Tax Bill
What an Engineer Looks Like
Swiss to Vote on Initiative to Return Gold Stored in the US to Switzerland
3 Acts of American Education System Insanity
Protesters rally in support of anti-bank chalk activist facing 13 years
Why Tech Employees Are Rebelling Against Their Bosses
Beyond Bernanke's Speech from the Hole
The Consequence of Complacency Is Catastrophe
NYPD a ‘quasi-military organization,’ according to outgoing Ray Kelly
Not a US person? Prove it!
Butt dialers beware: If you don’t lock your phone, it’s OK to eavesdrop
OpenBazaar: The Decentralized Offspring of Ebay & Amazon
The Larger the Deficit, the Greater the Default