5 ms·

I don't have time to do the chain analysis right now, but it looks like they cashed out the equivalent of at least mid-7-figures USD, possibly much more. Trace

I don't have time to do the chain analysis right now, but it looks like they cashed out the equivalent of at least mid-7-figures USD, possibly much more. Trace the transactions yourself, here's the analytics for their receiving address. https://etherscan.io/address/0x165CD37b4C644C2921454429E7F9358d18A45e14 https://etherscan.io/address/0x165CD37b4C644C2921454429E7F93... That amount of money is easy to cash out even on a relatively small exchange.

dmitriid 5y ago
> I don't have time to do the chain analysis right now For a system that claims to "have all data on the chain" it sure seems to be hard to trace the money. > looks like they cashed out the equivalent of at least mid-7-figures USD. That amount of money is easy to cash out even on a relatively small exchange. I've seen a few transfers out to USDT. And then some transfers to Kuna.io which is an offshore company registered in British Virgin Islands. Ah, truly "any exchange". It looks more like someone decided to profit off these donations.
- everfree 5y ago
  > For a system that claims to "have all data on the chain" it sure seems to be hard to trace the money. What I linked you was a raw trace of the money. It includes all transactions to and from the address, with the amounts of each transaction shown, and with the exchange addresses labeled. If you don't want to pore through their account history manually, write a script. The API is free. > It looks more like someone decided to profit off these donations. We could be looking at a criminal who stole the donated funds and is currently laundering them. Or, we could be looking at a government legally exchanging their foreign donations into their native currency. Personally, I find that insinuation absurd. Do you really think we just witnessed a 7-figure heist from the Ukrainian government in plain view, and nobody is reporting on it?
  - dmitriid 5y ago
    > Do you really think we just witnessed a 7-figure heist from the Ukrainian government in plain view, and nobody is reporting on it? Oh sweet summer child. "A criminal who stole from the government, a heist from the Ukrainian government". How about: someone in the government found a way to profit during the war using tools that are largely unknown to the public, and where "plain sight" is "write a script, the API is free"?
    - everfree 5y ago
      Okay sure, perhaps we've stumbled onto something big here in the Hacker News comments section. You want to do the honors and alert the media?
      - dmitriid 5y ago
        Nope

dmitriid 5y ago

> I don't have time to do the chain analysis right now For a system that claims to "have all data on the chain" it sure seems to be hard to trace the money. > looks like they cashed out the equivalent of at least mid-7-figures USD. That amount of money is easy to cash out even on a relatively small exchange. I've seen a few transfers out to USDT. And then some transfers to Kuna.io which is an offshore company registered in British Virgin Islands. Ah, truly "any exchange". It looks more like someone decided to profit off these donations.

everfree 5y ago
> For a system that claims to "have all data on the chain" it sure seems to be hard to trace the money. What I linked you was a raw trace of the money. It includes all transactions to and from the address, with the amounts of each transaction shown, and with the exchange addresses labeled. If you don't want to pore through their account history manually, write a script. The API is free. > It looks more like someone decided to profit off these donations. We could be looking at a criminal who stole the donated funds and is currently laundering them. Or, we could be looking at a government legally exchanging their foreign donations into their native currency. Personally, I find that insinuation absurd. Do you really think we just witnessed a 7-figure heist from the Ukrainian government in plain view, and nobody is reporting on it?
- dmitriid 5y ago
  > Do you really think we just witnessed a 7-figure heist from the Ukrainian government in plain view, and nobody is reporting on it? Oh sweet summer child. "A criminal who stole from the government, a heist from the Ukrainian government". How about: someone in the government found a way to profit during the war using tools that are largely unknown to the public, and where "plain sight" is "write a script, the API is free"?
  - everfree 5y ago
    Okay sure, perhaps we've stumbled onto something big here in the Hacker News comments section. You want to do the honors and alert the media?
    - dmitriid 5y ago
      Nope