Great article, very long, in the WSJ today about a guy who got ripped off by Bitcoin and tracked down the bit chain.....only took him 3-years to arrest the guy, but of course, its all in bankruptcy court. And we are to believe the CIA knows that Russia colluded with Trump??
"Kim Nilsson was seething. It was 2014, and the software engineer discovered someone had disabled access to his bitcoins. A crime had apparently been committed, one that the police seemed unable to comprehend, much less solve.
The coins went missing from a failed bitcoin exchange called Mt. Gox, and hundreds of investors found themselves demoralized, if not broke. More than $400 million had seemingly vanished into cyberspace.
Unlike many victims, Mr. Nilsson resolved to fight back, and he teamed up with a lawyer and another partner who also lost bitcoins to track down the culprits. What ensued was a three-year journey through the internet’s underbelly that ended last summer on a Greek beach. There, in the shadow of a 1,000-year-old monastery, FBI agents arrested a Russian man and charged him with laundering bitcoin worth some $4 billion at recent exchange rates, one of the biggest crimes to be alleged in the brief history of cryptocurrencies.
The rip-offs represent just one of the threats now facing bitcoin, which has electrified the financial world with its promise of a decentralized, anonymous payment system intended to render banks obsolete.
Anonymity is evaporating as people transact on big, centralized exchanges that collect detailed user data—and provide it to government investigators. Speculators have driven huge price fluctuations that make bitcoin unviable as a currency and dangerous as an investment."