points by nodesocket 6 hours ago | 0 comments
Crypto is the biggest target for blackhats to utilize AI on. Huge amounts of money, no central authority or country and methods of wiping tracks.
What I never get is how they plan of converting the stolen crypto to cash eventually. No exchanges are gonna take the coins.
[–] alkhatib 6 hours ago
Could they be making money by manipulating the market? Knowing the price of crypto will fall after it gets publicity?
[–] nodesocket 6 hours ago
I suppose they could play the super long game and deposit many many small amounts into "shady" online crypto casinos, play a few hands of blackjack and then withdraw. Clean coins.
[–] xgulfie 6 hours ago
They let you play blackjack on online crypto casinos? The one casino game that you can famously beat the house on?
[–] paavope 6 hours ago
Online casinos AFAIK tend to shuffle the deck after every deal which makes card counting impossible. Then it just becomes like any old casino game where with optimal play the house has a small edge still
[–] knollimar 5 hours ago
Don’t you only win with a small finite #of deck shoe? I’d assume online casinos just make all cards independent
[–] nodesocket 5 hours ago
There are live dealers with shoes of real cards with most online crypto cainos. Though, who knows if they are cheating somehow. My point was, the attacker doesn't have to bet the entire deposit. Just make it seem like they are playing.
[–] internetter 4 hours ago
Forgive me, I don’t know much about crypto, but couldn’t you slowly turn btc to monero or something? Aren’t there p2p ways to facilitate that?
Less true for ETH (though in the past it forked after DAO hack to revert the txns), and I think never for BTC / XMR.