The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anonymity

Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by nanidin on Wednesday April 12, 2023 @06:53PM (#35548169)

I believe you can buy envelopes of cash on the darknet - though then you’re probably at high risk of receiving counterfeits or running into a sting.

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Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by from on Wednesday April 12, 2023 @07:40PM (#35548678)

There is a reputation system on basically all p2p exchange sites, they wouldn't be able to scam for long.

> running into a sting

This was the basis of Operation Dark Gold. They had a ton of other evidence against the people they rounded up, I think it just helped them find targets. Receiving cash in the mail is not illegal.

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Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by jeffy90 on Wednesday April 12, 2023 @06:56PM (#35548189)

How do you get the physical envelopes of cash without detection?

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Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by thehappypm on Wednesday April 12, 2023 @07:05PM (#35548284)

Is that really challenging? Mailing paper through the mail without getting flagged? Sending money isn’t illegal in and of itself.

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Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by mynameishere on Wednesday April 12, 2023 @06:59PM (#35548222)

Use someone else's address and rob their mailbox.

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Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by Red_Leaves_Flyy on Wednesday April 12, 2023 @07:15PM (#35548395)

Federal crime right there. Add conspiracy too.

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Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by chx on Wednesday April 12, 2023 @08:13PM (#35549012)

Not only it is a federal crime punishable by five years , there is a specialized police force for it, the USPS Postal Inspectors.

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Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by antibasilisk on Wednesday April 12, 2023 @07:24PM (#35548489)

You also have to contend with a terrible conversion rate.

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Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by caminante on Wednesday April 12, 2023 @07:40PM (#35548687)

"terrible"?

We're talking about 1e9 orders of magnitude, here. I'll take that fraction.

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Re:The U.S. Cracked a $3.4B Crypto Heist–and Bitcoin’s Anony... by antibasilisk on Wednesday April 12, 2023 @08:45PM (#35549321)

I've never seen a conversion rate that good on BTC-cash

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