Re:White hat hacker awarded $2M for fixing ETH-creation bug
by colinmhayes on Sunday February 13, 2022 @11:05AM
(#30322661)
Swap to monero, buy an NFT from yourself, convert to fiat, pay taxes. Now your money is clean, taxed, and you have an explanation for where it came from.
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Re:White hat hacker awarded $2M for fixing ETH-creation bug
by boeingUH60 on Sunday February 13, 2022 @11:59AM
(#30323194)
No, money laundering is never this easy...I see people on internet forums always suggesting stuff like this; Swap to monero >> NFT (or whatever else) >> clean money...Sounds good in theory but in execution, you'll likely make a mistake along the way and get caught
Re:White hat hacker awarded $2M for fixing ETH-creation bug
by rosndo on Monday February 14, 2022 @06:13AM
(#30330652)
The mistake has to be in the early stages, it should be impossible to get caught in the “cash out monero” stage.
Even if the government figures out that you have unexplained assets, that isn’t the same as getting caught. Having unexplained assets is generally not a crime, and monero can make it impossible for the government to figure out where you got that money from.