2013-08-27 Sure, you can steal bitcoins. But good luck laundering them.

patricktim (OP)

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2013-08-27 Sure, you can steal bitcoins. But good luck laundering them.

August 28, 2013, 09:34:56 AM

#1

http://www.wired.co.uk/news/archive/2013-08/28/bitcoin-anonymity

Whoever pulled off the Betcoin heist hasn't been caught, but once stolen bitcoins pass into an exchange or they're used in some other transaction, law enforcement has many ways of tracking down a culprit. You need to provide proof of identity to trade on Mt. Gox. Exchanges can also hand over information such as IP addresses and bank account numbers to investigators.

balanghai

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Re: 2013-08-27 Sure, you can steal bitcoins. But good luck laundering them.

August 28, 2013, 09:45:20 AM

#2

How far does this cover when in terms of automated wallet generations and peels scraping? Like thousands of wallets receiving bits and another thousand receiving and then sent one by one to the exchanges? How would they filter it? Roll Eyes

TraderTimm

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Re: 2013-08-27 Sure, you can steal bitcoins. But good luck laundering them.

August 28, 2013, 04:10:57 PM

#3

Also totally ignores local bitcoin transactions, where you wouldn't know the source until the trade was made anyway. Most people don't check for 'tainted' coins to begin with.

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marcus_of_augustus

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Re: 2013-08-27 Sure, you can steal bitcoins. But good luck laundering them.

August 29, 2013, 12:02:04 AM

#4

heheh ... soooo gen 0.

Wired needs to keep up a bit better.

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