Hacker News

points by thedangler 5 hours ago | 0 comments

Confused how this can’t just be tracked. Pretty hard to hide billions in bitcoin when most off-ramps need KYK?

What am I missing ?

[–] pants2 5 hours ago

They can track it just fine. It goes straight to North Korea.

[–] austhrow743 5 hours ago

How do/did they get it out though?

[–] 8note 3 hours ago

russia? others who dont care all that much?

the laundering wouldnt be all that hard to take those buttcoins on in exchange for clean ones.

[–] itemize123 5 hours ago

business laundromats

[–] CorpoZoomie 5 hours ago

Swap to XMR on a DEX, then juggle between a few wallets and you've got pretty good obfuscation, but yeah like you said, the off-ramp (FIAT) requires KYC in 99% of cases, which is why BTC -> XMR -> BTC is a good idea, obviously you'd fragment this through a LOT of wallets, or just keep it in XMR. Either way, keeping this type of money in crypto is pretty much your only option, you just need to obfuscate REALLY well.

[–] knuppar 5 hours ago

tornado cash?

edit: I suppose it would be hard still. You can get anonymity inside wallets with Tornado Cash but then to turn that into actual money it will be very dependent on the country