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Comment by rb808 | Hacker News Reader

Are there any authorities that help track down stuff like this now? If you can pay taxes on it you'd think the police would help investigate a theft.

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On one hand, the authorities are mocked for incompetency (see recently: surveillance cameras on the open internet, 26-year-old EMT shot by police raiding the wrong home) and yet we expect them to handle cases like this? This seems like a double standard. Is there a solution?

Yes.

You should assume the government will always have a lot of incompetence and abuse in the application of its power.

So give government as little power as possible.

I would rephrase that to "give government as little power as necessary."

If you give government as little power as possible, because you believe all government is maximally incompetent and abusive, you might as well just do away with it altogether and have anarchy.

Allowing a government at all implies at least some trust that government can have some positive societal effect.

There are going to be both competent and incompetent people in any sizable organization.

I don't think it's fair to use extreme examples like that EMT getting killed as a generalization of the incompetence of "authority". In that case, it's more like a couple of trigger-happy police officers severely abused their rights.

Last I had heard the FBI and Royal Canadian Mounted Police were investigating the QuadrigaX situation so it definitely happens.

It seems law enforcement doesn’t really have the time (and maybe lacks the interest/expertise) to investigate most cryptocurrency cases until they become major news.

yes, plenty. national authorities are fully capable and familiar with crypto currency transactions and how to request coordination to subpoena foreign exchanges.

its happened plenty of times and funds have been recovered, its usually in Department of Justice press releases and an associated court filing. Other times you can just talk to people that were involved in an investigation. Not really news, stuff happens way after the event.

The authorities don't want it to succeed. They want a bunch of "I told you so's" to justify shutting it down

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