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No they’ll add some liquidity to Tornado cash And then a bunch of other large hacks will notice that Tornado cash is big enough to handle their large amounts t
by vmception 5y ago
No they’ll add some liquidity to Tornado cash
And then a bunch of other large hacks will notice that Tornado cash is big enough to handle their large amounts too, adding more liquidity to Tornado cash
And then some FAANG engineer is going to take their clean $50k paycheck and buy into a new launched token on Uniswap
And that token is going to rally 100x because the tornado cash withdrawals keep buying that token
And then that engineer is going to sell the tokens into the Uniswap liquidity pool, transfer the Ether to dollars, and report capital gains as just another lucky crypto trader
You’re welcome
- Jerrrry 5y ago
- vmception 5y agoHere is one of many styles of telegram channels that promote newly launched tokens on Uniswap solely for the gamble and fun https://t.me/goobygambles https://t.me/goobygambles
- Jerrrry 5y agothe premise is, though, to lure in others via 1000% fomo -- that is only inflated because of the user buying the questionable tokens, then use their capital for exit liquidity? seems pretty simple
- vmception 5y agoWell no, in the way I described its primarily inflated because of your tornado cash notes being withdrawn (by you to virgin addresses) and you directing those addresses to buy the token While you simultaneously get to pretend to be one of the fomo users who also bought the token, from different addresses that are linked to your identity and exchange account The way Uniswap works is that prior buyers are the exit liquidity (look at how liquidity pools work, its different than posted order exchanges so you dont have to wait for people to show up with an order to sell into), and the majority of the prior buyers (because you are those prior buyers) would be the capital withdrawn from tornado cash (the dirty money from the big hack), the other fomo users can sell at a premium too depending on the price they buy So your only goal here is for you and your clean money to blend in with the rest of the clean money crowd by having it promoted on these “degen gambles” channels, just because you don't want a future wiser investigator to suspect this token was created solely for you to cash out your tornado cash money. (Also, dont use someone else’s node over clearnet to do this. Connect to infura over a tor OS (not just the browser) or run your own node.)
- easrng 5y agoThe thing is, they didn't. If you check the tx history most of it went to Huobi and some to FTX and Crypto.com
- vmception 5y agoThat's pretty funny, good luck with that big attack vector on them