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Alice owes Bob 10 million dollars. Bob uses artbreeder.com to generate cool looking AI art piece. Bob lists it on OpenSea or similar site. Alice creates a fe
by hanklazard 5y ago
Alice owes Bob 10 million dollars.
Bob uses artbreeder.com to generate cool looking AI art piece.
Bob lists it on OpenSea or similar site.
Alice creates a few dummy wallet addresses and makes fake bids on the NFT, eventually winning with 10 million dollars worth of eth.
Money laundered.
- capableweb 5y agoYour scheme suffers from the same problem as described in https://news.ycombinator.com/item?id=29160668 https://news.ycombinator.com/item?id=29160668
- barnabee 5y agoNot very well laundered... the transactions and flow of money are trivially traceable.
- threeseed 5y agoSo it's been trivial to find all of the missing money during the many recent crypto hacks ? Not so sure about that.
- hanklazard 5y agoTrue, they’d probably be more sophisticated and use a zk privacy-type solution like https://zk.money/ https://zk.money/
- notahacker 5y agoSure, but half the point of laundering is plausible deniability. Bob now has an explanation for why he's received a lot of money in a short space of time from foreign accounts he claims to know nothing about.