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Since 1 wallet != 1 unique individual; it could be done. The points you bring up are fair, yes. But I'd also imagine if you were able to pull off a $350 million
by gzer0 5y ago
Since 1 wallet != 1 unique individual; it could be done. The points you bring up are fair, yes. But I'd also imagine if you were able to pull off a $350 million heist, you'd have some sense about obfuscating your withdrawls.
Not to mention, converting your initial crypto tokens into another currency, and then another currency, and eventually making it to Fiat. For example, converting to Monero and back to BTC would be near impossible to trace.
On top of this, there is Paxful which you can utilize for cash payments.
There are many, many ways if you are determined. I don't think anyone would be silly enough to attempt a $350 million withdrawal from Coinbase.
- 323 5y ago> For example, converting to Monero and back to BTC would be near impossible to trace. You still have the problem of justifying where you got the initial crypto if anyone audits you. "I just remembered about some crypto I mined in 2010" will not cut it.
- vageli 5y agoWith that much at stake, it seems easier to try a public spectacle like the guy who is digging up a landfill to find an old hard drive with a btc wallet. https://www.cbsnews.com/news/hard-drive-lost-bitcoin-landfill https://www.cbsnews.com/news/hard-drive-lost-bitcoin-landfil...
- paulpauper 5y agocreate a phony company, hire yourself , and then pay yourself for consulting work. there are tons of ways of doing it
- vageli 5y agoWhere can you swap BTC for monero while avoiding KYC? Via wrapped versions of both coins on the eth blockcain or something?
- gzer0 5y agoI have heard of people doing very unorthodox things, such as, buying virtual currency via BTC in an online MMORPG and then selling that virtual "gold" for a slight loss to a different vendor who pays out in Monero.