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The one thing I don't understand is if that many coins were stolen and every transaction is traceable shouldn't there be a trail? The owner has 124 million reasons to find those coins. Is the ability to track past transactions not as possible as it seems?

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You can track, but large amounts merge with small and disperse as they hit brokers etc. If your claim to someone is that their BTC is 0.01% stolen, it's not so strong. Faster you act, more you can do

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