Even if hackers managed to steal billions of usd worth of bitcoin and found a buyer such as a corrupt finance institution in some third world country and got paid fiat (cash) by the corrupt finance institution, how could police trace the bitcoin back to them if the buyer took control of all their previous owner bitcoin? i.e. corrupt banking official working with corrupt government officials acquiring the bitcoin from the hacker? What if the hacker used most of the bitcoin to buy a five star hotel in some third world country but under "different ownership"?
Potential buyer
- Thread starter oliverfox
- Start date
WebAura Agency
Junior Member
- Jul 12, 2025
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Crypto on public chains is traceable forever, man — every hop leaves a trail 
. Even if someone else “takes over” the coins, chain-analysis still follows the path. Off-chain corruption doesn’t magically erase on-chain history .
. Even if someone else “takes over” the coins, chain-analysis still follows the path. Off-chain corruption doesn’t magically erase on-chain history .But how can the hacker get caught if it has a "new" owner?Crypto on public chains is traceable forever, man — every hop leaves a trail
- May 6, 2020
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Idk about hackers, I wonder the same, but read news article couple days ago and asian scammers launder through Singapore (yep, the 'trusted' Singapore) structures, not third world countries lol. Like idk, maybe someone does that too, but big ones seem to be using a full blown financial center lol. Explains why I felt like I was talking with scammers when I talked with Singapore company registration specialists. Not sure what is or isn't happening in Hong Kong but they sounded like normal companies, if a bit unqualified for my case (but they tried hard, suggested registering a holding company lol, but it's a bit of an overkill for that amount of money, I think).
The scammer was born chinese and acquired cambodian citizenship, I think? So here you have tier 3 jurisdiction - Cambodia. But the actual bank accounts, company registration, etc were in Singapore.
Disclaimer:
I was looking for legit company registration, clean money that already has taxes paid on it, just saying what's happening in Asia *shrugs*.
The scammer was born chinese and acquired cambodian citizenship, I think? So here you have tier 3 jurisdiction - Cambodia. But the actual bank accounts, company registration, etc were in Singapore.
Disclaimer:
I was looking for legit company registration, clean money that already has taxes paid on it, just saying what's happening in Asia *shrugs*.