Re:US travel firm $4.5M ransom negotiation open chat
by jjeaff on Monday August 03, 2020 @12:35AM
(#24034281)
What exchanges allow you to move that kind of money?
Re:US travel firm $4.5M ransom negotiation open chat
by vmception on Monday August 03, 2020 @03:38AM
(#24035050)
every trade desk anywhere
its been like this for half of bitcoin's existence
they consider themselves distinct from exchanges because they do not take custody of people's funds, in their opinion
Re:US travel firm $4.5M ransom negotiation open chat
by seebetter on Thursday August 06, 2020 @01:14PM
(#24073063)
As someone who sold Bitcoin on LocalBitcoins, and have 4 friends in federal prison (or detention), plus friends with millions in tainted BitCoin, this is not true.
Almost all illegal bitcoin stolen by hackers and ransomware is cashed out in countries with limited or no AML/KYC.
But its not? You can convert 50 million usd worth of bitcoin in one order without moving the market more than 1-1.5% and have a wire transfer to your bank account same day. This happens all day every day, with the markets getting deeper year by year.
Trash exchanges for retail have nothing to do with the infrastructure actually out there. If you are moving anything over 4 figures you shouldn't be trying to use retail exchanges. They're trash, slower, randomly flag stuff, and have higher fees.