Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ...
by vmception on Wednesday April 14, 2021 @06:03PM
(#26813671)
There are a number of ways, you can use a non-custodial bridge like RenVM and receive renBTC which can be used as collateral or just traded in plain sight for something more liquid
Like all blockchain analysis, following the conversion process always assumes that all addresses involved are tainted forever because its also assuming it is under custody of the thief, so if you really want to play along further and think that this is both true and that the thief needs to hide then the thief can just drop all the converted assets into Tornado.cash and take them out later.
Even if you think that cashing out Tornado.cash is hard, they can always just pump the price of some other token that they already bought with clean funds, and those cleans funds just become highly-profitable-trader-clean-funds. While the addresses with tornado.cash sourced funds are just bagholding whatever token they bought.
Like all blockchain analysis, following the conversion process always assumes that all addresses involved are tainted forever because its also assuming it is under custody of the thief, so if you really want to play along further and think that this is both true and that the thief needs to hide then the thief can just drop all the converted assets into Tornado.cash and take them out later.
Even if you think that cashing out Tornado.cash is hard, they can always just pump the price of some other token that they already bought with clean funds, and those cleans funds just become highly-profitable-trader-clean-funds. While the addresses with tornado.cash sourced funds are just bagholding whatever token they bought.