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Others have talked about how you can use DeFi swappers, which absolutely will allow the hacker to convert a couple million per year into clean crypto if done me
by colinmhayes 5y ago
Others have talked about how you can use DeFi swappers, which absolutely will allow the hacker to convert a couple million per year into clean crypto if done meticulously, but the big problem is that they can't explain where the crypto came from. I don't think that's a death sentence, as you can still pay taxes and what not even if you can't explain where the coins came from, but if law enforcement catches onto you you'll have a problem. This is where NFTs come in. Since they're non fungible it's easy enough to buy a bunch for $1,000 and sell them to yourself for $100,000. This has the added bonus of pumping the artist you've invested in, so you'll be making money off the NFTs you legitimately sell on the market too.
- manquer 5y agoTraditionally real world art market was a vehicle for illicit wealth transfer too. A good chunk of the art today is valued so high because of the illegal money that supports it .