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Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by cmrdporcupine on Tuesday May 11, 2021 @03:04PM (#27122123)
Sounds like it worked just great for one of the criminals...

From TFA "The FBI has not, however, been able to identify the hitman as yet. The reason is almost certainly because the hitman did not use a commercial service like Coinbase, which must comply with know-your-customer laws, for the Bitcoin transactions but instead relied on his own personal wallet—one that did not reveal any information about his identity."

Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by m4x on Tuesday May 11, 2021 @03:26PM (#27122377)
Only because the criminal hasn't yet tried to use that bitcoin to buy something in the real world.

If they try to convert to fiat via an exchange, they can be identified the same way the husband was. If they try to buy products directly without using fiat then it is harder for law enforcement to get the records they need, but still quite possible.

They will probably be safe if they never touch the bitcoin, but that entirely defeats the purpose of using it

Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by jeppesen-io on Tuesday May 11, 2021 @03:33PM (#27122461)
> Only because the criminal hasn't yet tried to use that bitcoin to buy something in the real world.

An asumption you're making and likely untrue. There are many ways to convert to fiat or skip that step and luander through the dark web

Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by ignoramous on Tuesday May 11, 2021 @03:45PM (#27122599)
Don't need darkweb for that if you're very careful with how you execute trades on https://localbitcoins.com/ (a service that I believe predates coinbase, circle et al)

Usually, one'd use a coin like Monero instead, the project's wretched history notwithstanding.

Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by caeril on Tuesday May 11, 2021 @05:14PM (#27123611)
What is wretched about Monero's history?
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by ignoramous on Tuesday May 11, 2021 @09:00PM (#27125491)
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by phasnox on Tuesday May 11, 2021 @11:02PM (#27126124)
What is wretched in there?
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by ignoramous on Monday May 17, 2021 @05:29PM (#27188682)
As with any "anonymity" tech (like Tor and the Dark Web), Monero is linked with all sorts of things. I, personally, feel uneasy investing in / using Monero because of that, especially since it isn't also a stable coin.

I can see a lot of value in it though, just like how I see value in Freenet, I2P, Tor and other such overlay networks.

Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by divbzero on Tuesday May 11, 2021 @03:29PM (#27122419)
Bitcoin is more traceable than cash, but surely creative criminals have worked out a way to launder it?
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by Thorentis on Tuesday May 11, 2021 @05:50PM (#27124006)
People doing nafarious things don't cash out using exchanges. They use things like localbitcoins to make a trade in person (or through an intermediary), and obviously lose a percent of the value in doing so. At that point it basically becomes a cash transaction.
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by tw04 on Tuesday May 11, 2021 @05:22PM (#27123693)
And if they run it through a coin washer?

https://bitcoinlaundry.online/en/index.htm

Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by Larrikin on Tuesday May 11, 2021 @05:45PM (#27123945)
Most of the big exchanges don't allow cashing out of coins run through those anymore.
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by SahAssar on Tuesday May 11, 2021 @03:45PM (#27122602)
What about tumblers/mixers?
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by gumby on Tuesday May 11, 2021 @03:20PM (#27122315)
I wonder if the hitman is the one who notified the BBC. Seems like a better way to make some money than actually, you know, doing the job.

(not implying that the bbc gave him any money)

Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by rOOb85 on Tuesday May 11, 2021 @04:26PM (#27123050)
To me, it sounds like BBC knows more then they let on. Could BBC have been running a undercover investigative story? It just seems too unlikely they could get the hitmans bitcoin address without being somehow involved.
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by freshair on Tuesday May 11, 2021 @03:50PM (#27122658)
Unless the hitman has decided to retire, it's probably only a matter of time before they catch him using good old fashioned detective work. For instance, investigators might be able to catch the hitman in a sting operation, if they know what marketplace the hitman sells his services on.
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by krisroadruck on Tuesday May 11, 2021 @03:57PM (#27122755)
I feel like you rather overestimate the prowess of law enforcements ability to solve murders, especially non-slam-dunk ones with a witness and an obvious connection between the murderer and victim.
Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur... by freshair on Tuesday May 11, 2021 @05:56PM (#27124072)
Maybe so, you could be right. But if this man is taking contracts from the general public, I think that must be a good lead.