Bluffly:
Residents must declare war. If fact everyone should carry gun and knife everywhere they go. May we not experience evil in Jesus Christ's name. Amen

You talking about war, carrying weapons and at the same time talking about Christ.

Where did you dump the LOVE he taught you?

Shibaraba:
Bitcoin? Gosh shit is about to get down. No possible trace.

SARS Don finally see excuse to start to arrest bitcoin traders for road. Merry Chrismas SARS. Food is ready. Operation arrest anybody

Kidnapper has been traced and identified through KYC-know your customer which is required for bitcoin registration. He's from Kano.

ppreye:
If kidnappers starts collecting ransom via bitcoins then its finished. They can never be traced gan.
May God help us all o

Really? but how this bitcoin work? only heard about it but not in a detail

The moment you exchange stolen-hacked illegal bitcoin for fiat then you're doomed. It even better for the kidnappers to collect cash than btc.
Crypto-Bitcoin and Alts-coin are non-virtual reality that is why a lot people won't be able to trade-invest in it. Today, there are huge bitcoin scam around the world. But you don't have to scam people with bitcoin if you're a professional traders. Crypto is world-game-changer. Learn the game first before you play it.

u ve just given other kidnappers idea

denitro:

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

This flowchart explains nothing bro.

The idea for exchange stolen bitcoin isnt what i wrote there. I only say it foolishness for the kidnap to collect bitcoin base on report that the kidnappers were already caught thru KYC.

Holla911:

This flowchart explains nothing bro.

Because you can't understand.
A bank statement in the hands of a baby means nothing but in the hands of a chartered Accountant is a great tool.
It is called a flowchart, it is used to track the flow of funds from a target address and to understand how the funds are being moved

denitro:


Because you can't understand.
A bank statement in the hands of a baby means nothing but in the hands of a chartered Accountant is a great tool.
It is called a flowchart, it is used to track the flow of funds from a target address and to understand how the funds are being moved

I bet you didn’t know it’s called “flowchart” until I stated it to you. Am I to use a double concave lens goggle to view the content of your chart?

thesicilian:

Doesn't really make any difference. The Nigerian police will still not be able to trace the ransom even if it is sent by DHL directly to the kidnappers house.

True talk

Youngzedd:


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

but btc is untraceable too! Enlighten me on other privacy coins bro

tillaman:
but btc is untraceable too! Enlighten me on other privacy coins bro

Is it traceable that was why guys in the dark web no longer use it for deals. They use Monero for deals.

Some months ago, paxful started blocking accounts of people who received hacked/stolen coins after it was traced.

Youngzedd:


Is it traceable that was why guys in the dark web no longer use it for deals. They use Monero for deals.

Some months ago, paxful started blocking accounts of people who received hacked/stolen coins after it was traced.

hmmmmm thanks man!! Buh how does the monero work??
Never heard of it

tillaman:
hmmmmm thanks man!! Buh how does the monero work??
Never heard of it

You gotta ask Google that question.

Youngzedd:


You gotta ask Google that question.

good idea

joseph6071:
A Twitter user has shared on his page that a lady who resides in Abuja was released by her abductors after her father settled them using his Bitcoin.

According to him, her father paid a sum of $15,000 in Bitcoin ransom. Miss Aishat Umar Ardo who was the victim of the kidnap called her father to pick her up at 4th Avenue at Gwarimpa, Abuja where they dropped her.

Source: www.musictori.com/2019/09/kidnapped-woman-in-abuja-released-as.html

cc: lalasticlala, mynd44

Someone jokingly mentioned paying Ransome via bitcoin some time here on NL, and now this happens.
I think some of these criminals get ideas from this NL.
May God save us!

Witnes:

Really? but how this bitcoin work? only heard about it but not in a detail

Its virtual money that is read in USD. Once you open a block chain account, you'd be given an address which acts like your bank acc number.
Whatever transaction is made the blockchain has the history, so you can't be scammed cos all transactions can be checked. However it can not be traced, you can have 10million dollars and no body will know

If you forget your password sorry... Money lost.
Its quite cool shar but its mostly used to purchase dark stuffs in the black MKT if Nigeria kidnappers learn that then its too too bad

Youngzedd:


You talking about war, carrying weapons and at the same time talking about Christ.

Where did you dump the LOVE he thought you?

My guy search for it. The bible says work and pray. Oju ni alakan fi n so ori. The kingdom of God suffereth violence and the violent took it by force. Suffer not the witch to live.

coolh3ad:


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....

I SAID 1BTC COIN IS LIKE 9000 NAIRA...DO THE MATH.

emmanuelpopson:


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

seems u don't know much about blockchain technology

Bluffly:

My guy search for it. The bible says work and pray. Oju ni alakan fi n so ori. The kingdom of God suffereth violence and the violent took it by force. Suffer not the witch to live.

Is that what Christ taught you?

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.

What if the kidnappers sell to Chinese merchants that are based in China

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.

Don't forget cyber cafes, VPN and tor.

denitro:


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

What if the bitcoin is sold to someone that stays outside of Nigeria, say a Chinese that resides in China.

Youngzedd:


Is that what Christ taught you?

Questions...Even Jesus said this "Think not that I am come to send peace on earth: I came not to send peace, but a sword". Almighty is a man of war.
Matthew 10:34

thesicilian:

Doesn't really make any difference. The Nigerian police will still not be able to trace the ransom even if it is sent by DHL directly to the kidnappers house.

Lol... yes o they are that dumb

Bryan88:
I SAID 1BTC COIN IS LIKE 9000 NAIRA...DO THE MATH.

Stop arguing bros....

1 BTC (Bitcoin) is about $10,200

They paid a ransom of $15000 using bitcoin which is about 1.47 BTC (bitcoin)....

Dem go soon allow FG ban bitcoin

thesicilian:

Doesn't really make any difference. The Nigerian police will still not be able to trace the ransom even if it is sent by DHL directly to the kidnappers house.

Very funny......

ppreye:



Its virtual money that is read in USD. Once you open a block chain account, you'd be given an address which acts like your bank acc number.
Whatever transaction is made the blockchain has the history, so you can't be scammed cos all transactions can be checked. However it can not be traced, you can have 10million dollars and no body will know

If you forget your password sorry... Money lost.
Its quite cool shar but its mostly used to purchase dark stuffs in the black MKT if Nigeria kidnappers learn that then its too too bad

Wow! thank u 4 the respond. Is it an open market/trade to all individuals and what are d requirements, process to start?

Witnes:

Wow! thank u 4 the respond. Is it an open market/trade to all individuals and what are d requirements, process to start?

Just gmail account. Once you open an account with blockchain search for reputable Nigerian exchangers and buy bitcoin from them. Don't send money to anybody online o