Philip Martin Clarifies Coinbase Was Not Involved in the Bitcoin Seized by the U.S. Department of Justice

Coinbase is not authorized to participate and has not received a ransom or any portion of a ransom at any time.

Philip Martin Clarifies Coinbase Was Not Involved in the Bitcoin Seized by the U.S. Department of Justice

Coinbase Security Officer Philip Martin tweeted the following clarification regarding recent articles reporting Coinbase’s involvement in the U.S. Department of Justice seizure related to the Colonial Pipeline ransomware attack on Bitcoin.

Coinbase was not authorized to participate and did not receive the ransom or any portion of the ransom at any time. We also have no evidence that funds passed through the Coinbase account/wallet. As for the Coinbase icon listed on the article in question it is only a reference to the concept, not the company. tx is missing the recipient address field in the underlying GraphQL data, which makes their UI think it is a coinbase (concept) tx.

Graph: https: // opening explorer.bitquery.io/bitcoin/addres S / bc1qq2euq8pw950klpjcawuy4uj39ym43hs6cfsegq / graph… ;

coinbase concept: https: //en.bitcoin.it/wiki/Coinbase.

It can be found at the FBI in the Northern District of California at https://justice.gov/opa/press-release/file/1402056/download上查看地址的私钥.

In addition, Coinbase uses a hot wallet, so handing over a specific private key makes little sense, and we (for obvious security reasons) have not built a private key export API endpoint into our signature system.

“Because the seizure order designates property in the Northern District of California, it must be directed at Coinbase.” This statement is incorrect; it only indicates that the private key is located in one of the many field offices of the Northern California FBI.

For the acquisition of the private key, Philip Martin speculates that some political pressure was used to locate the target server, and for MLAT to request or gain access.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/philip-martin-clarifies-coinbase-was-not-involved-in-the-bitcoin-seized-by-the-u-s-department-of-justice/
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