The Hermit Kingdom, which intelligence agencies say was behind the $1.5 billion Bybit hack, faces “offramping” challenges due to the size of its hauls.
It’s not really a meaningful question whether the sum Alice received was the fraction of a “coin” I received from you
Ish. If you received a million CSAM’n’heroin bucks, and you give 10 bucks to Alice, there’s a transaction history that now links Alice’s wallet to CSAM’n’heroin which can indeed be a problem for Alice, because cautious exchanges might now freeze her assets until she can offer some proof that she’s not doing anything bad.
There’s a bitcoin wallet attack that uses this trick that was mentioned recently, maybe here, maybe on web3igjg. You can argue the bitcoins aren’t the same, but in practise no-one cares.
There’s a bitcoin wallet attack that uses this trick that was mentioned recently, maybe here
It was here, but also it is an older trick, it just isnt crippling the ecosystem as some exchanges simply dont care. It prob fucks up peoples lives quite badly however.
Yep, agencies do track blood money on the chains and place sanctions accordingly. It’s just a little more complicated than checking “was this specific coin used in one of these crimes” and laundering is still possible through a rogue exchange or P2P/sneakernet transactions to parties that don’t care about the sanctions.
Ish. If you received a million CSAM’n’heroin bucks, and you give 10 bucks to Alice, there’s a transaction history that now links Alice’s wallet to CSAM’n’heroin which can indeed be a problem for Alice, because cautious exchanges might now freeze her assets until she can offer some proof that she’s not doing anything bad.
There’s a bitcoin wallet attack that uses this trick that was mentioned recently, maybe here, maybe on web3igjg. You can argue the bitcoins aren’t the same, but in practise no-one cares.
eta: this is apparently called a “dust attack” and I first heard about it here: https://awful.systems/post/3463061
Merely interacting with a sanctioned wallet is enough to get or treated with suspicion, let alone receiving funds. Pecunia certainly olets these days.
It was here, but also it is an older trick, it just isnt crippling the ecosystem as some exchanges simply dont care. It prob fucks up peoples lives quite badly however.
Yep, agencies do track blood money on the chains and place sanctions accordingly. It’s just a little more complicated than checking “was this specific coin used in one of these crimes” and laundering is still possible through a rogue exchange or P2P/sneakernet transactions to parties that don’t care about the sanctions.