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what does this have to do with this, i was talking to a money transfer expert and this is what he told me about hackers who steal like 100 million dollars or more being located in third world countries,
Not really my area of expertise, but I will give it a shot.
I cannot speak for why the hackers are presumably in a country that is classified as third world, presumably because of lax security laws. However, most countries are signatory to Interpol and other law enforcement agencies and can extradite alleged criminals.
Where stolen bitcoins go, I have no idea, however, it is fair to assume they will try to either exchange and/or buy things so as to convert back to fiat. Some people / organizations may discount the value of the bitcoins to convert it back to fiat.
I am not privy to any secret financial authority that monitors hacked activity, however, all bitcoins brought/sold in the United States are tracked (as required by law) by all the legal exchanges and/or companies dealing in bitcoin. What inferences they (the law enforcement authorities) can get out of it, is anyone’s guess.
One would ideally never hack from the same country one is in, it is just way to easier to get in trouble with the local laws.
now, someone on this forum said that tax laws are lax in many third world countries, whatever that means. ive never come across a case in which a hacker who lives in the u.s. or canada and who has stolen like 200 million dollars or more from lets say the bank of south korea or japan and somehow funnel all that stolen money back to the u.s. or canada or at least to my knowledge of course. on the contrary vice versa ive heard of hackers in third world countries who hacked from banks in western europe, united states , australia, ect... which are all rich developed first world nations! to say that the FBI which is arguably the worlds finest law enforcement agency has caught all hackers is a joke! some hackers have NEVER been caught! look at this, Hackers Steal $1 Billion in Massive, Worldwide Breach in this case no one has ever been caught! who do you think did it? it would be really hard to picture not impossible of course but difficult for someone to funnel a ton of money back into some rich developed nation like those six anglo countries that i mentioned! other options include offshore bank accounts. i also tend to believe that those six anglo countries are not dumb and know how to fight money laundering via cryptocurrency better than most third world countries but again im assuming here only of course. sometimes all we can do at times in case of hackers is only to assume because the information is maybe not too reliable. does this make sense? the cia, pentagon, fbi, nsa, nasa, ect........... can all be hacked because anything built by men will never be perfect! what puzzles me the most is why ive never heard of such cases where hackers have been either living or located in any of those six anglo countries? rsvp p.s. youre kind of changing the subject.












One of the myths is that there is 'a' KGB(SFB) and that the KGB does all the hacking. Russians mainly work themselves, they are left alone as long as they do not target Russian interest, Russian Financial Institutions. Some have a part time job at the KGB and are allowed to earn extra monies as long as they adhere to the above rules.

So what you see is a lot of competing Russian groups, that are linked to the Russian State, but do not directly work for them. On occasion they share information, but mainly they sell info to the highest bidder. Sometimes that bidder is the on the wrong side, and then members of the group start dying fast. (read about the deaths and arrests the beginning of this year in Russia in connection with the Trump campaign).

As for the $1 billion failed swift heist. This was against 3rd world financial infrastructure, with people who had tremendous knowledge of how swift operates. So not a 3rd world hacker hacking US banks.
 
the billion dollar heist that im talking about is the one that actually succeeded! Hackers stole from 100 banks and rigged ATMs to spew cash




One of the myths is that there is 'a' KGB(SFB) and that the KGB does all the hacking. Russians mainly work themselves, they are left alone as long as they do not target Russian interest, Russian Financial Institutions. Some have a part time job at the KGB and are allowed to earn extra monies as long as they adhere to the above rules.

So what you see is a lot of competing Russian groups, that are linked to the Russian State, but do not directly work for them. On occasion they share information, but mainly they sell info to the highest bidder. Sometimes that bidder is the on the wrong side, and then members of the group start dying fast. (read about the deaths and arrests the beginning of this year in Russia in connection with the Trump campaign).

As for the $1 billion failed swift heist. This was against 3rd world financial infrastructure, with people who had tremendous knowledge of how swift operates. So not a 3rd world hacker hacking US banks.
 
what youre talking about is this, Bangladesh Bank heist - Wikipedia where almost 1 billion dollars were stolen but failed. im talking about this, Hackers Hit 100 Banks in 'Unprecedented' $1 Billion Cyber Heist: Kaspersky Lab | SecurityWeek.Com

two completely different online bank heists! the one im talking about actually went through and succeeded! the one youre talking about was foiled and ended up in filipino casinos! i dont see how they could be the same online bank heist? rsvp




From what I understood, they only got $85 million, and since they also attacked banks in UKR and RUS they cannot sit back and relax.
 
Donno. The one thing I do know is that when you do something with USD (rob a bank and transfer dollar accounts/amounts) the US claims jurisdiction. And generally that is not nice. So whatever you do stay away from the States and the USD.

Better yet, setup a real company and earn real (legit) money. It's a very nice feeling being able to support your own.
 
ill give you an example, a hacker in the united states steals like 300 million dollars from the bank of bhutan or the bank of nepal, regardless of whether that money gets converted to cryptocurrency or not, the issue at hand here is how to transfer that much money back to the united states/canada. can or could this be done via FX and if so, how? ive never come across a case in which the fbi or some other law enforcement agency within the u.s. or canada has either foiled or in some way discovered hackers being able to do this feat or wanting to do so or at least to my knowledge! my knowledge comes from reading online cases where hackers have stolen in the millions upon millions of dollars and not only like 70k from online bank accounts. why would tax laws being lax in many third world countries favor hackers in this type of cybercrimes vs first world nations where this hardly happens? how could so much money be transfered back to the u.s. or canada assuming that hackers could steal this much money? 25 million dollar question. rsvp.





Donno. The one thing I do know is that when you do something with USD (rob a bank and transfer dollar accounts/amounts) the US claims jurisdiction. And generally that is not nice. So whatever you do stay away from the States and the USD.

Better yet, setup a real company and earn real (legit) money. It's a very nice feeling being able to support your own.