Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,692 members, 7,809,613 topics. Date: Friday, 26 April 2024 at 11:59 AM

Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released - Crime (4) - Nairaland

Nairaland Forum / Nairaland / General / Crime / Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released (33168 Views)

Family Paid Ransom For Abducted Al-Kadriyar Girls’ Release – Uncles / Police, Army, DSS Arrested Kidnappers With Military Uniforms In Plateau State / 3 ABU students: Police lied, they weren't rescued.....we paid ransom in full (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Funkybabee(f): 10:11am On Sep 17, 2019
They can still be traced jare, that bitcoin is much
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Tweetums(f): 10:11am On Sep 17, 2019
Let us see bitcoin wallet he paid the money.... It can be track
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Bryan88(m): 10:12am On Sep 17, 2019
coolh3ad:



How come Bros?...
1BTC IS LIKE 9K....DO THE MATH.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by KIDfurniture(m): 10:13am On Sep 17, 2019
Girl helped boost boyfriend economy ...
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by notoriousbabe: 10:25am On Sep 17, 2019
Nigeria is completely finished
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by notoriousbabe: 10:26am On Sep 17, 2019
Funkybabee:
They can still be trace jare, that bitcoin is much
traced ma tongue
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by notoriousbabe: 10:27am On Sep 17, 2019
Tweetums:
Let us see bitcoin wallet he paid the money.... It can be track
tracked ma tongue
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by lukman885(m): 10:27am On Sep 17, 2019
Digital kifnapping. New guys in town cool
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Nobody: 10:31am On Sep 17, 2019
Hedonisco:


We're coming to that very soon. Nigerians would learn how to embrace the lesser evil and let sleeping dogs lie. But they would learn this lesson too late, and at a very great cost.

They are still bringing in more frustrated and angry boys from SA with nothing to keep them engaged.. FBI sef go run for what is about to unfold grin
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Nobody: 10:36am On Sep 17, 2019
reubenobi:
You sat in the comfort of your home saying this abi?
You must be one of the kidnappers. Where's DSS when you need them?
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by 3kay945(m): 10:45am On Sep 17, 2019
Anyone trying to sell cheap bitcoins now is a suspect.

Since Buhari and kidnappers attain power seat, I just to fear to travel.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by 2RUTHHURTS(m): 10:50am On Sep 17, 2019
2shure:
1 btc is abt 9k,10k
So 15k is almost 2btc
They are yahoo guys
dollar[$] not naira[N]
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by denitro(m): 11:02am On Sep 17, 2019
fr3do:
It's close to impossible to trace a Bitcoin account, even for the US authorities.
Who told you?
Bitcoin is the easiest form of payment to trace. The process takes time but you will be caught.
Example.
The kidnaper receives the bitcoin using a wallet stored on his phone. Immediately he logs in and transfers the bitcoin,
His IP address goes into the private log of the wallet provider and this log can be obtained with a court order.
So all the kidnapper needs to do is send the bitcoin and his IP address can be traced.
Once you backtrace the IP address with the telecom provider like MTN etc.
You then get the SIM contact details and also the cell tower it pinged.
Catching the kidnappers is too easy if the police know what to do.

1 Like 1 Share

Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Holla911(m): 11:10am On Sep 17, 2019
denitro:

Who told you?
Bitcoin is the easiest form of payment to trace. The process takes time but you will be caught.
Example.
The kidnaper receives the bitcoin using a wallet stored on his phone. Immediately he logs in and transfers the bitcoin,
His IP address goes into the private log of the wallet provider and this log can be obtained with a court order.
So all the kidnapper needs to do is send the bitcoin and his IP address can be traced.
Once you backtrace the IP address with the telecom provider like MTN etc.
You then get the SIM contact details and also the cell tower it pinged.
Catching the kidnappers is too easy if the police know what to do.

You are wrong, if the suspect use ip masking software like Vpn (that doesn’t leak dns) or sock, it will be impossible to trace the transaction plus it’s very rigid and expensive Process to get court order to carry out such investigation.
I think it’s better to just accept it’s a lost course.

1 Like 1 Share

Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by emmanuelpopson(m): 11:13am On Sep 17, 2019
Tina26:
Bitcion no get address no trace. Bitcoin was also used to move mmm loot out of nigeria.

and one mofo was ranting on Twitter that they can trace btc...i just they laugh am...the guy think its conventional bank like GTB or CBN...another one posted this morning the image of the bit coin kidnapper bla bla bla.. posting a photo card and address of a guy that he was the kidnapper..I dont know whether Google is difficult to use to research on btc..
it'd damn the most secured platform to transferred any cash without traces...thanks bro..naija go get sense by force
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by emmanuelpopson(m): 11:16am On Sep 17, 2019
Tweetums:
Let us see bitcoin wallet he paid the money.... It can be track

with which technology??
do you know that bit coin trading is partially ban in USA..
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by coolh3ad(m): 11:17am On Sep 17, 2019
Bryan88:
1BTC IS LIKE 9K....DO THE MATH.

Lol. Okay. $15000 worth of Bitcoin in Naira is 15000 x N345 (Nairaex “sell” rate today) which equals N5,175,000.

That’s my maths....
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by denitro(m): 11:18am On Sep 17, 2019
He will still be caught.
example, the kidnapper masks his IP and then sells the btc.
The BTC will be sent somewhere. The reciever of the btc will then be traced.The transfer trail will be followed.
There are currently companies specialized in tracing bitcoin transaction.
Now people sell their bitcoin to exchanges, Luno, Remitano etc. All these do KYC, my brother!
There will always be a link to you.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Nostradamus: 11:18am On Sep 17, 2019
Onlinealaba:
Shit has gone down already, no trace no issue..deal done but I pray they meet their Waterloo soon well naija police lost on this they are still archaic some might not even know what is bitcoin

CHECK MY PROFILE, your electronics at best prices
the bitter truth

I've met a dpo who doesn't even know the meaning of cryptocurrency.after some serious explanations(i also told him about online importation,building an e-commerce website and running targeted facebook ads)I made,the man believe I'm into cyber-fraud.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by denitro(m): 11:18am On Sep 17, 2019
Holla911:

You are wrong, if the suspect use ip masking software like Vpn (that doesn’t leak dns) or sock, it will be impossible to trace the transaction plus it’s very rigid and expensive Process to get court order to carry out such investigation.
I think it’s better to just accept it’s a lost course.

He will still be caught.
example, the kidnapper masks his IP and then sells the btc.
The BTC will be sent somewhere. The reciever of the btc will then be traced.The transfer trail will be followed.
There are currently companies specialized in tracing bitcoin transaction.
Now people sell their bitcoin to exchanges, Luno, Remitano etc. All these do KYC, my brother!
There will always be a link to you.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Koga51: 11:22am On Sep 17, 2019
denitro:

Who told you?
Bitcoin is the easiest form of payment to trace. The process takes time but you will be caught.
Example.
The kidnaper receives the bitcoin using a wallet stored on his phone. Immediately he logs in and transfers the bitcoin,
His IP address goes into the private log of the wallet provider and this log can be obtained with a court order.
So all the kidnapper needs to do is send the bitcoin and his IP address can be traced. And you think these kidnappers would be dumb not to use VPN or even have an entirely different phone for such dubious transactions? For your information, they would never even browse with a SIM registered with their personal details.
Once you backtrace the IP address with the telecom provider like MTN etc.
You then get the SIM contact details and also the cell tower it pinged.
Catching the kidnappers is too easy if the police know what to do.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by denitro(m): 11:22am On Sep 17, 2019
emmanuelpopson:


with which technology??
do you know that bit coin trading is partially ban in USA..

https://www.chainalysis.com/
The moment you convert BTC to fiat, you can be traced.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Holla911(m): 11:26am On Sep 17, 2019
denitro:


He will still be caught.
example, the kidnapper masks his IP and then sells the btc.
The BTC will be sent somewhere. The reciever of the btc will then be traced.The transfer trail will be followed.
There are currently companies specialized in tracing bitcoin transaction.
Now people sell their bitcoin to exchanges, Luno, Remitano etc. All these do KYC, my brother!
There will always be a link to you.
Lol! Your reply is funny grin
How do you arrest the buyer when you can’t identify that the Bitcoin is stolen yet ? Plus there are many tor blackmarket where transactions can be carried out anonymously.
It’s not totally impossible to trace if there’s a leak to debug from tho but still a very rigid and expensive process cuss lots of resources and time will be invested.
The end to end cryptic chain of bitcoin is what makes it stand till date.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by TRIGITIS: 11:30am On Sep 17, 2019
[s]
Olanipekun1:
smart azs
[/s]
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by denitro(m): 11:34am On Sep 17, 2019
emmanuelpopson:


and one mofo was ranting on Twitter that they can trace btc...i just they laugh am...the guy think its conventional bank like GTB or CBN...another one posted this morning the image of the bit coin kidnapper bla bla bla.. posting a photo card and address of a guy that he was the kidnapper..I dont know whether Google is difficult to use to research on btc..
it'd damn the most secured platform to transferred any cash without traces...thanks bro..naija go get sense by force

You are speaking from an ignorance point of view. Bitcoin! most secured platform to transfer any cash without trace! You
must be dreaming.
Bitcoin has a public ledger! The ledger keeps a record of all transactions linked to the bitcoin wallet.
You receive bitcoin and sell it and receive cash and you think you are done!
Let me tell you what can happen!
Scenario.
You steal some bitcoin and then sell it to an exchanger in Nigeria for cash.
The exchanger then transfers your bitcoin to an online wallet (Remitano, Luno etc)
All these online exchanges have hot wallets that are publicly known.
Once the hot wallet is identified, the exchangers are contacted, all you need is a court order.
The KYC of the exchanger you sold the btc to will be pulled out.
The exchanger is contacted by the police and he then tells the police who sold the btc to him
and the bank account or details of the cash transaction. Somehow your contact no and details will pop out.
How do you think the US were able to trace the MT gox hack, Silk road dark web operatives?
You can say the Nigerian police might be too lazy to do the needful.
But bitcoin is the worst payment system for privacy. You will be caught

2 Likes 1 Share

Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by denitro(m): 11:37am On Sep 17, 2019
Holla911:

Lol! Your reply is funny grin
How do you arrest the buyer when you can’t identify that the Bitcoin is stolen yet ?
The bitcoin has been traced as an output from the kidnapper spent bitcoin.
So yes, it has been identified as stolen.

Below is a simple analysis of a bitcoin transaction that was sent and can still be traced after being sent to over 50 person

1 Like

Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Antonello980: 11:40am On Sep 17, 2019
My God, the most incredible criminal art in Nigeria shocked shocked shocked
But wait, is it true that there are some police who don't know what Bitcoin is grin grin grin. Anyways, thank God her life was saved
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Holla911(m): 11:42am On Sep 17, 2019
denitro:

The bitcoin has been traced as an output from the kidnapper spent bitcoin.
So yes, it has been identified as stolen.
How do you arrest the seller if transaction was done in an anonymous blackmarket with buyer in far away Australia?
Just accept it’s a futile course.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Youngzedd(m): 11:48am On Sep 17, 2019
2shure:
1 btc is abt 9k,10k
So 15k is almost 2btc
They are yahoo guys

1 BTC is currently $10,175. It has been hovering around $10k to $10.4k for weeks now.
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by denitro(m): 11:48am On Sep 17, 2019
Holla911:

How do you arrest the seller if transaction was done in an anonymous blackmarket with buyer in far away Australia?
Just accept it’s a futile course.

How did the seller transact with the buyer in Australia?
Western Union?
What was the mode of exchange?
Most criminals here need cash and will prefer to do their transaction with a local buyer.
If he transacts with someone in Australia, how will he get his money?
Dealing with the buyer in Australia is even worst because he will leave paper trail.

1 Like

Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Olanipekun1: 11:49am On Sep 17, 2019
TRIGITIS:
[s]
[/s]
Re: Father Paid Ransom To Kidnappers With Bitcoin In Abuja, Her Daughter Released by Youngzedd(m): 11:54am On Sep 17, 2019
tillaman:
Hmmmmmm so smart of the kidnappers but I hope they meet with horrible fate!!
They are clearly yahoo boys so as their magas no pay they switched to kidnapping !!
The man that said kidnapping is another multi billion dollars sector in Nigeria is right after all they will surely kidnap again since they got lucky with this one

They aren't smart kidnappers, if they are, they won't use Bitcoin for this. There are privacy coin they would have used.

(1) (2) (3) (4) (5) (6) (Reply)

Police Arrest Manufacturer Of Fake Wines, Whiskeys In Lagos. / Suicide: Daniel Ikoli Shot Himself Dead In Lagos (Photo) / Man Flogged For Raping A 12-Year-Old Girl In Lekki Phase 1, Lagos

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.