3 ms·
I'm not sure if it's that easy. There are dozens of sites that allow you to mix your coins - so that it's harder to track them back. In theory, all it needs is
by gst 13y ago
I'm not sure if it's that easy. There are dozens of sites that allow you to mix your coins - so that it's harder to track them back.
In theory, all it needs is one single non-cooperating gambling or dice site: 1) Split your illegal income up into 10 different addresses 2) Use each address for gambling with a 10 percent chance of winning and 1000% return in case of winning 3) Repeat a couple of times.
- andyhmltn 13y ago(I don't know a lot about bitcoin) That's what the thief done. But a user on reddit seemed to track it all the way through the tumbler[1] [1]http://www.reddit.com/r/SheepMarketplace/comments/1rvlft/i_just_chased_him_through_a_bitcoin_tumbler_and/ http://www.reddit.com/r/SheepMarketplace/comments/1rvlft/i_j...
- gst 13y agoSo the user got lucky once. The thief can repeat that process as often as he likes. He only needs to succeed a single time. And even if he doesn't succeed the evidence is pretty thin and might not be enough for a prosecution.
- gwern 13y agoHe can repeat it all he likes, he's just making the operator of Bitcoin Fog a millionaire. You cannot launder 96k btc without getting 96k btc from somewhere else, by definition; if you 'launder' without >96kbtc of other people's money, you just get your own coins sent to a new address, and you could've done that yourself for free. Now, maybe he could manage the full 96k btc if he used multiple laundries over many months, but that is time he does not have.