4 ms·

How is that helpful? Get Bitcoin from crime Wash into monero? Pray the tumbler is legit? Wash back into Bitcoin Now what? Bitcoins from tumblers are suspec

How is that helpful? Get Bitcoin from crime Wash into monero? Pray the tumbler is legit? Wash back into Bitcoin Now what? Bitcoins from tumblers are suspect everywhere with kyc requirements. Sell off books to a Russian oligarch or North Korea I guess?

antibasilisk 4y ago
You can still trade it for goods and services
from 4y ago
Going back to Bitcoin is unnecessary but possible. You go from Monero to cash, wire transfer, or gift cards through a variety of unlicensed conversion services that advertise themselves all over the Internet.
- RcouF1uZ4gsC 4y ago
  > but possible. You go from Monero to cash, wire transfer, or gift cards through a variety of unlicensed conversion services that advertise themselves all over the Internet. Those are probably run by the FBI. It seems like a no brained for the government to try to run such services given the wealth of information they would provide.
  - from 4y ago
    Having unexplained assets is not a crime and won't be at least in the US because of the constitution, worst case they could be subject to civil forfeiture. Assuming you did everything else right (full disk encryption, Tor on public wifi/LTE router that you alternate routinely, not using Google, etc) the anonymity of Monero means the government would have a very difficult time tying whatever you bought with the Monero to your actual criminal activity. Of course if you are involved in meatspace crime like drugs then maybe if you use these services they put you under surveillance and eventually find you with drugs in the trunk of your car.
    - deleted 4y ago
      [deleted]
    - dsr_ 4y ago
      Parallel construction: if you do enough crime-adjacent things, the likelihood that you are also engaged in crime makes you interesting to law enforcement.
      - celticninja 4y ago
        What is crime adjacent that isn't criminal activity?
        inlined 4y ago
        Large amounts of money being sent through tumblers is definitely suspicious. Or spending more money than reported income.
        hedora 4y ago
        Apparently, joining a police deputy gang, falsifying evidence trails and murdering civilians is OK, at least in L.A.: https://www.reuters.com/legal/government/la-is-investigating-50-year-old-police-gangs-finally-2022-03-30/ https://www.reuters.com/legal/government/la-is-investigating... I think pocketing any unlockable crypto-wallets you found along the way would cross the line. You could stick them into civil forfeiture and use the resulting cash to upgrade your department-owned car though.
        from 4y ago
        https://www.justice.gov/criminal-ccips/page/file/1252341/download https://www.justice.gov/criminal-ccips/page/file/1252341/dow...
        Xorakios 4y ago
        Most famous right now? Breonna Taylor (2020) - Louisville, Kentucky: Police officers entered the wrong apartment using a no-knock warrant, which led to the fatal shooting of Breonna Taylor, an emergency medical technician. Eurie Stamps Sr. (2011) - Framingham, Massachusetts: Police raided the wrong apartment, and during the operation, an officer's gun "accidentally discharged," killing Eurie Stamps Sr., a 68-year-old grandfather. As many have mentioned above, civil forfeiture cases for carrying cash are rare, but devastating to people who are originally from countries/cultures that don't trust banks or police. And of course "swatting" such as https://www.courthousenews.com/texas-woman-sentenced-for-swatting-calls-that-led-to-deadly-police-raid/ https://www.courthousenews.com/texas-woman-sentenced-for-swa...
  - notch898b 4y ago
    [dead]
- rodgerd 4y ago
  > You go from Monero to cash Then you end up like the guy asking for advice on how to sue his banks for freezing the accounts that he'd been using to run his Monero to UKP gateway.
__MatrixMan__ 4y ago
Spend Monero on physical goods via particl.io?
baybal2 4y ago
[dead]
mkhpalm 4y ago
Mint some pixel art into NFTs and then purchase them with your anonymous filthy lucre wallet(s). Cash out after selling your subjective value art.
- kurthr 4y ago
  That's deniable, but it's not really anonymous, is it?
- PeterisP 4y ago
  This scheme is so obvious that authorities are monitoring such trades and people have been convicted for money laundering by self-trading NFTs this way. As always, you can definitely get away with this for smaller amounts, but if you go big and/or repeat it for a long time, this has all the potential to come back to you.
gibb0n 4y ago
on the recent darknet diaries episode the guy bought weed/drugs and sold them wholesale to get it back in to cash

antibasilisk 4y ago

You can still trade it for goods and services

from 4y ago

Going back to Bitcoin is unnecessary but possible. You go from Monero to cash, wire transfer, or gift cards through a variety of unlicensed conversion services that advertise themselves all over the Internet.

RcouF1uZ4gsC 4y ago
> but possible. You go from Monero to cash, wire transfer, or gift cards through a variety of unlicensed conversion services that advertise themselves all over the Internet. Those are probably run by the FBI. It seems like a no brained for the government to try to run such services given the wealth of information they would provide.
- from 4y ago
  Having unexplained assets is not a crime and won't be at least in the US because of the constitution, worst case they could be subject to civil forfeiture. Assuming you did everything else right (full disk encryption, Tor on public wifi/LTE router that you alternate routinely, not using Google, etc) the anonymity of Monero means the government would have a very difficult time tying whatever you bought with the Monero to your actual criminal activity. Of course if you are involved in meatspace crime like drugs then maybe if you use these services they put you under surveillance and eventually find you with drugs in the trunk of your car.
  - deleted 4y ago
    [deleted]
  - dsr_ 4y ago
    Parallel construction: if you do enough crime-adjacent things, the likelihood that you are also engaged in crime makes you interesting to law enforcement.
    - celticninja 4y ago
      What is crime adjacent that isn't criminal activity?
      - inlined 4y ago
        Large amounts of money being sent through tumblers is definitely suspicious. Or spending more money than reported income.
      - hedora 4y ago
        Apparently, joining a police deputy gang, falsifying evidence trails and murdering civilians is OK, at least in L.A.: https://www.reuters.com/legal/government/la-is-investigating-50-year-old-police-gangs-finally-2022-03-30/ https://www.reuters.com/legal/government/la-is-investigating... I think pocketing any unlockable crypto-wallets you found along the way would cross the line. You could stick them into civil forfeiture and use the resulting cash to upgrade your department-owned car though.
      - from 4y ago
        https://www.justice.gov/criminal-ccips/page/file/1252341/download https://www.justice.gov/criminal-ccips/page/file/1252341/dow...
      - Xorakios 4y ago
        Most famous right now? Breonna Taylor (2020) - Louisville, Kentucky: Police officers entered the wrong apartment using a no-knock warrant, which led to the fatal shooting of Breonna Taylor, an emergency medical technician. Eurie Stamps Sr. (2011) - Framingham, Massachusetts: Police raided the wrong apartment, and during the operation, an officer's gun "accidentally discharged," killing Eurie Stamps Sr., a 68-year-old grandfather. As many have mentioned above, civil forfeiture cases for carrying cash are rare, but devastating to people who are originally from countries/cultures that don't trust banks or police. And of course "swatting" such as https://www.courthousenews.com/texas-woman-sentenced-for-swatting-calls-that-led-to-deadly-police-raid/ https://www.courthousenews.com/texas-woman-sentenced-for-swa...
- notch898b 4y ago
  [dead]
rodgerd 4y ago
> You go from Monero to cash Then you end up like the guy asking for advice on how to sue his banks for freezing the accounts that he'd been using to run his Monero to UKP gateway.

__MatrixMan__ 4y ago

Spend Monero on physical goods via particl.io?

baybal2 4y ago

[dead]

mkhpalm 4y ago

Mint some pixel art into NFTs and then purchase them with your anonymous filthy lucre wallet(s). Cash out after selling your subjective value art.

kurthr 4y ago
That's deniable, but it's not really anonymous, is it?
PeterisP 4y ago
This scheme is so obvious that authorities are monitoring such trades and people have been convicted for money laundering by self-trading NFTs this way. As always, you can definitely get away with this for smaller amounts, but if you go big and/or repeat it for a long time, this has all the potential to come back to you.

gibb0n 4y ago

on the recent darknet diaries episode the guy bought weed/drugs and sold them wholesale to get it back in to cash