News for hackers. Stuff that matters.
Re:Super Mario 64 game sells for record-breaking $1.5M at au... by cinntaile on Monday July 12, 2021 @12:22PM (#27811894)
If the normal buyers are only willing to pay $13k I don't see how it makes sense to pay $1.5 million to launder money. That's a big loss you'll have to take.
Re:Super Mario 64 game sells for record-breaking $1.5M at au... by rightbyte on Monday July 12, 2021 @12:39PM (#27812117)
The seller is a co-conspirator? The loss is only the auction house fee in that case.
Re:Super Mario 64 game sells for record-breaking $1.5M at au... by cinntaile on Monday July 12, 2021 @03:27PM (#27813997)
But if you use dirty money to buy a good, it doesn't magically turn into clean money. A possible scenario could be where the buyer has clean money and wants to pay the seller for services by bidding way too much for a rare game. It doesn't make too much sense though because now your transaction is under scrutiny by the entire world?
Re:Super Mario 64 game sells for record-breaking $1.5M at au... by MiddleEndian on Monday July 12, 2021 @04:34PM (#27814745)
Hiding in plain sight! The perfect plan!
Re:Super Mario 64 game sells for record-breaking $1.5M at au... by herbst on Tuesday July 13, 2021 @09:20AM (#27820586)
Not when you have bazillions of ways to do that without being in plain sight. NFTs seem to better fit this need, and even then I don't get why people always assume it has to do with black money
Re:Super Mario 64 game sells for record-breaking $1.5M at au... by ipaddr on Monday July 12, 2021 @04:44PM (#27814865)
That's hundreds of thousands of dollar to pay in fees.