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Why don't criminals just use Monero or another privacy coin?
by ProjectArcturis 5y ago
Why don't criminals just use Monero or another privacy coin?
- x3sphere 5y agoLess liquidity, maybe? XMR only a $7B market cap coin, while BTC is $1T.
- smabie 5y agoOr you can just use Tornado. At this point, laundering crypto is (mostly) a solved problem. However, you gotta be fast in some cases (ie you hack some defi project you need to launder your coins before people can react and start trying to invalidate/take/freeze your coins.
- koheripbal 5y agoMost darknet markets have indeed switched to Monero.
- netheril96 5y agoBecause it’s relatively new? This “kingpin” started his business in 2011.
- vmception 5y agoIf you are talking about the guy arrested, he was identified because he couldn't use Bitcoin Fog to pay for Bitcoin Fog back in 2011. He took the L for the rest of us. Analogous to the governor of Judeau crucifying Jesus.