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A comment on $7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just been moved. Parent comment

Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by geoduck14 on Wednesday April 14, 2021 @08:59PM (#26815036)
The Walmart gift card will only get you so far.

You can't: buy a fancy boat, car, or house. You can't pay for your kids school supplies (or school tuition), or treat your wife to a fancy hair do.

The money laundering laws try to stop people dealing in tens of thousands of dollars, who LIVE off of the money.

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Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by t0mas88 on Thursday April 15, 2021 @09:34AM (#26820265)
I think you could buy a prepaid Visa? Or is that not a thing anymore?
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Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by geoduck14 on Thursday April 15, 2021 @11:46PM (#26829204)
Hmm.... That IS a thing, and I think they have limits up to $5k. Mind you, if you try to buy anything too big, you'll get put on a list somewhere.

Also, something to keep in mind, most financial companies have a "Know Your Customer" stage where they verify you employment and income. If you are trying to buy a $20k thing, and your only income is "a stack of Visa Gift Cards", you're going to have a bad day.

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