Re: Oh poor deluded fools.
To the downvoters, there known as "exit scams", they make far more sense than theft.
Somebody steals crypto-crapto and transfers it to their 'swag' bag, and everybody in the blockchain can trace every amount transferred in and out of that 'swag' bag. Not just the stolen crypto-crapto, but anything else in that bag.
At some point that crypto would have to hit the real world, and the crypto-crapto would be traceable to the thief.
It's like stealing the ultimate in marked bills: Where the bill phones home and reports its every whereabout TO EVERYONE ALL THE TIME.
Theft of crypto makes no sense. Whenever I see the claim, I suspect shenanigans! SHENANIGANS!
So here I'm pointing out how a thief can ACTUALLY take their winnings, and that is simply to be the person exiting the Ponzi scheme ahead of the others. And doing that by locking out the others with a fake theft.
Same theft, but now there is a way for the crooks to take their ill gotten gains. An exit-scam.
It doesn't have to be a theft, it can be "oops our CEO died in India and took the password with him luckily he signed a will 12 days earlier" or "oops our exchange staff disappeared and so did all this crypto".
Quite common to claim theft too.
Africrypt : "The first signs of trouble came in April, as Bitcoin was rocketing to a record. Africrypt Chief Operating Officer Ameer Cajee, the elder brother, informed clients that the company was the victim of a hack. He asked them not to report the incident to lawyers and authorities, as it would slow down the recovery process of the missing funds."
Mirror Trading International: The court document explains that between September 2017 and March 2018, the defendants “conducted business under the names and style of BTC Global or BTC.” This scam claimed to allow clients to invest in a trading pool managed by a “master trader” called Steven Twain...there is no evidence that Twain ever existed. In addition, when investors could not withdraw their funds from the scheme, they were informed that Twain was attacked in his home and his equipment was stolen."
Lots and lots of exit scams, heres a tiny list:
PlusToken – $2.9 Billion