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No, the hacker isn’t going to have a hard time cashing out their Bitcoins. All they have to do is pass the coins through a few Bitcoin tumblers before exchangin
by surround 6y ago
No, the hacker isn’t going to have a hard time cashing out their Bitcoins. All they have to do is pass the coins through a few Bitcoin tumblers before exchanging it for cash.
https://en.wikipedia.org/wiki/Cryptocurrency_tumbler https://en.wikipedia.org/wiki/Cryptocurrency_tumbler
- hnick 6y agoA $100k windfall income would have to be explained to tax authorities in most places won't it? Taking it as hard cash sounds risky or laborious. Taking it to a bank account will trigger red flags. A story will have to be told that makes sense and holds up. Converting it slowly over years is an option, but I'd put that in the 'hard' category especially if you keep doing this and sending the balance up.