Coin.ph exchange BTC addresses in the Philippines are connected to each other.

[YOSHIE]

Who cares, behind the BestChange campaign there is cheating because of cheating committed by members in this forum, no wonder BestChange pays for members. sr $70 a week.

No matter, what matters is money and money, greed.
Three SR accounts with an income of 210 $ per week, Panfastis.

See the account below which ranks SR which has made $ 2,300 at the moment, wow.
all three accounts are from F.....!


I want to tell members in the Philippines coin.ph exchange, in the chaos in your local area, the Bitcoin addresses that are used are interconnected with each other.

For example the members below.
Bitcoin transactions: issued / entered to the same address.

Total balance of $ 207 now only $ 150, there has been a withdrawal.


🔘=output

🟢=Unspent
🔴=spent

BTC: 3MaQ5xFZVw7Jdp7ohHjBtn13t5j5SX8fbq
Transaction: https://www.blockchain.com/btc/address/3MaQ5xFZVw7Jdp7ohHjBtn13t5j5SX8fbq

BTC: 3H7iUjYPzHFkWhs4FMA1JLFpwdzcpSuSEd
Transaction: https://www.blockchain.com/btc/address/3H7iUjYPzHFkWhs4FMA1JLFpwdzcpSuSEd

BTC: 331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL
Transaction: https://www.blockchain.com/btc/address/331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL


The address used in the transaction.

Code:

331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL
3MaQ5xFZVw7Jdp7ohHjBtn13t5j5SX8fbq
3H7iUjYPzHFkWhs4FMA1JLFpwdzcpSuSEd

1. Oasisman
Alamat BTC: 331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL

#Proof Of Authentication
Bitcointalk Name: Oasisman
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=819270
Current amount of Posts (Including this one): 1839
BTC Address: 331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL
I am joining: signature campaign

[ archive ]

2. Yamifoud
Alamat BTC: 3MaQ5xFZVw7Jdp7ohHjBtn13t5j5SX8fbq

Link to Profile: https://bitcointalk.org/index.php?action=profile;u=793182
Bitcointalk Rank: Sr member
Current number of posts:1258
Bitcoin Address to send the payment: 3MaQ5xFZVw7Jdp7ohHjBtn13t5j5SX8fbq

Looking forward to be a part of this campaign again..
Will change signature and avatar once accepted.

[ archive ]

3. Kelvinid
Alamat BTC: 3H7iUjYPzHFkWhs4FMA1JLFpwdzcpSuSEd

#Proof Of Authentication
Bitcointalk Name: Kelvinid
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=715343
Current amount of Posts (Including this one): 1213
BTC Address: 3H7iUjYPzHFkWhs4FMA1JLFpwdzcpSuSEd
I am joining: Signature campaign

[ archive ]
I spend time, but the results are more chaotic, messy.
Example: https://www.blockchain.com/btc/address/15amswyih862g2SzMg1Fxf8nwXDoutxhwF

I remember @ cabalism13 once made a topic about the address coin.ph.
Topic: Question About Using Another BTC Address...

[Avirunes]

I think you are mistaken here. All the address used here is part of wallet : https://www.walletexplorer.com/wallet/00000dd86b2f6402/addresses which contains more than 2 million addresses and someone to hold that much addresses would be insane. IIRC I think that is coins.ph wallet.

[ChuckBuck]

I think you are mistaken here. All the address used here is part of wallet : https://www.walletexplorer.com/wallet/00000dd86b2f6402/addresses which contains more than 2 million addresses and someone to hold that much addresses would be insane. IIRC I think that is coins.ph wallet.

My question may be silly, but how do you know that? I can see that it is the addresses of some wallets like Coinbase or similar. But how did you know that it was the address of the wallet above? I have looked a bit at the addresses of Bestchange members, and I got this address: 3M4QssVzxqTTf9tZVYqX14wHT8sLCp6zXQ, it's similar to the 3 addresses above, the time of receiving money is the same, but its output is different. I still think that the 3 addresses above are related. Where am I wrong?

[YOSHIE]

I think you are mistaken here. All the address used here is part of wallet : https://www.walletexplorer.com/wallet/00000dd86b2f6402/addresses which contains more than 2 million addresses and someone to hold that much addresses would be insane. IIRC I think that is coins.ph wallet.

I will tell you how they are connected.

I will give an example with my own address I use.
You can see in the picture below.
My transaction: https://www.blockchain.com/btc/tx/22d6902a1dc10010981b3c6e9ec7d0b717cb0ebb9b2d391ad5d147d82994f94b



The address that I red line (column), that is, the address of the exchange company, not the address of the member in question.

Now notice the snake-like winding line, the address is the address of the member in question.



So clearly, they are connected to the third address.
In shipping BTC.
Total balance of $ 207 now only $ 150, there has been a withdrawal.

[Harkorede]

I think you are mistaken here. All the address used here is part of wallet : https://www.walletexplorer.com/wallet/00000dd86b2f6402/addresses which contains more than 2 million addresses and someone to hold that much addresses would be insane. IIRC I think that is coins.ph wallet.

My question may be silly, but how do you know that? I can see that it is the addresses of some wallets like Coinbase or similar. But how did you know that it was the address of the wallet above? I have looked a bit at the addresses of Bestchange members, and I got this address: 3M4QssVzxqTTf9tZVYqX14wHT8sLCp6zXQ, it's similar to the 3 addresses above, the time of receiving money is the same, but its output is different. I still think that the 3 addresses above are related. Where am I wrong?

Pasting any of the wallet address into wallet explorer would show the total address associated with it, and @Avirunes is right, just by looking out the outputs (which are often sent to multiple addresses) you could tell that is an exchange wallet.

~snip

It's either I'm the one who still don't get it, or you've mixed the whole thing up, All the addresses in the first layer (From) belongs to several persons in single large wallet (likely an exchange), the second layer are payouts addresses of 2 are unspent, there is nothing unsual, AFAICT.

[logfiles]

Looking at the inputs and outputs.. i would be more inclined to say the addresses belong to an HD wallet of an exchange. Probably the said individuals used direct exchanges addresses to receive the payout and you can't really conclude that they are connected because very many people can use same exchanges.

I dug further in one of the addresses to confirm this

For example Oasisman
He has ever participated in Bit blender signature campaign using this SegWit BTC Address for Payouts: bc1qkth7akm0wpa57t9dpjzrlmewqzhn07fg4s5hnn

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=819270
Current amount of posts (including this one): 1807
Amount of merit EARNED in the last 120 days: 100+
SegWit BTC Address for Payouts: bc1qkth7akm0wpa57t9dpjzrlmewqzhn07fg4s5hnn

If you follow up the transaction trail you will notice that they end up into the address he used for best change campaign: 331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL (which somehow makes sense that he would send BTC in there to be exchanged)
https://blockchair.com/bitcoin/address/bc1qkth7akm0wpa57t9dpjzrlmewqzhn07fg4s5hnn



I wouldn't be so quick to crucify the folks involved

[YOSHIE]

If you follow up the transaction trail you will notice that they end up into the address he used for best change campaign: 331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL (which somehow makes sense that he would send BTC in there to be exchanged)
https://blockchair.com/bitcoin/address/bc1qkth7akm0wpa57t9dpjzrlmewqzhn07fg4s5hnn

Let's look at blockchain transactions elsewhere.

See from the address you mentioned: bc1qkth7akm0wpa57t9dpjzrlmewqzhn07fg4s5hnn

Transaction: https://blockchair.com/bitcoin/transaction/797b013d798ce8c8952e085e0281a484bf6f19e074e53ad900ee0f53592f4e60

Appear like this.



Now you open a blockchain transaction and press the address: 331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL


Now the same results appear, like the first.

Transaction: https://blockchair.com/bitcoin/address/331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL

The result:



To the three addresses, they use one place of the exchange company in withdrawing cash, from the btc exchange results.
No matter what type of transaction you see, the results remain the same.

Total balance of $ 207 now only $ 150, there has been a withdrawal.

[dkbit98]

Someone recently suggested doing this, but we should be really careful to avoid some witch hunts here.
People maybe use some smaller exchanges or some betting website or mixers.

What I would do is to double and triple check all this transactions in two explorers below:
https://www.kycp.org/
https://oxt.me/

[logfiles]

Aside from the fact that the wallet from which the 3 addresses were generated from has over 2,146,393 active addresses that were generated from it and over 6,599,736 total transactions through the addresses (Can a normal single human being use all those addresses and make all those transactions in a short time)

With reference to some knowledge i know about how exchange wallets especially HD wallets spend Bitcoins it's clear this is an exchange wallet consisting of very many addresses from different accounts. So whenever the bitcoins balances on the different accounts are spent on one transaction involving a large amount of BTC. A number of wallets addresses will acts as inputs to combine all their BTC balances into the total amount of BTC that is to be spent.

That does not mean that the addresses acting as inputs belong to one exchange account/person. I have seen this happen when i used to use localbitcoins.

For example looking at the address's earlier transactions, i have just picked one random transaction where the BTC is being spent
https://blockchair.com/bitcoin/transaction/8c8b1646d5c8b5533a21030ddaef89f5566f97c1a235fc8520aac3cf04f8ea3c


Look at that transaction, it involves a number of inputs... That doesn't mean the addresses combined to send the BTC in the transaction belong to one person/account

The reason the transactions of the addresses are usually spent at once is probably because Best change sends out the payments to the addresses at once.


I hope the people who have been mention can come and defend themselves and tell us what's on ground

[Harkorede]

I hope the people who have been mention can come and defend themselves and tell us what's on ground

I'll send a pm to them with a link this thread.

EDIT:

To the three addresses, they use one place of the exchange company in withdrawing cash, from the btc exchange results.
No matter what type of transaction you see, the results remain the same.

From YOSHIE's last post, If I understand him correctly, I think he's not disputing that these addresses belong to an exchange, but he's claiming that they (addresses) belong to the same person on the exchange, as you might already know that some exchanges / gambling platforms (I'm very sure about gambling platforms)  gives you the privilege to generate another deposit address after each address has been used, meanwhile deposits through preceding addresses would still get acknowledged. However, I don't get exactly how he arrived at such conclusion.

[Yamifoud]

I think you are mistaken here. All the address used here is part of wallet : https://www.walletexplorer.com/wallet/00000dd86b2f6402/addresses which contains more than 2 million addresses and someone to hold that much addresses would be insane. IIRC I think that is coins.ph wallet.

You are right mate, this is a coins.ph wallet.  And this is like a coin mixer (or an exchange as well) which you can see a lot of addresses appear when you make withdrawals.
May other Filipino members here can justify this how coins.ph work.

I don't know how YOSHIE links us to have a connection. And I really don't know them.

[Oasisman]

Ok I don't know how we are connected here, but one thing is for sure, we are all come from the same country and using the same custodial wallet. COINS.PH to be specific because this is the only possible thing why these addresses seems to be connected from each other, and there's no way we are the same people, because Coins.ph is requiring a full kyc verifications, and there's no way someone can use kagebunshin to multiply themselves and register each clone to a custodial wallet.

Now, lets not be quick to judge. I request the OP to further investigate this accusations. If the only way to narrow down this situation is to compromise my identity, then I will do it for the sake of my reputation that had been accused wrongly here.
Thanks have a good day and keep safe.


I'll explain how I receive payment from any signature campaign here.

I'm using Coins.ph direct convertion from BTC to Pesos(Php) that's our local currency. So, basically the payment that was sent to my wallet will be on a Pesos(Php) form not BTC.
https://ibb.co/gmXz01n  
https://ibb.co/wwr7LSs

As you can see in the above picture, there's a word there saying "Receive BTC as PHP".
Now, I don't know how we get connected from each other, but I suspect, this has something to do with how coins.ph took care of the output or transfer.

I don't have any other account anyway, this is solely my only account in Bitcointalk, besides I barely have enough time to post for a single account because I'm busy with my day job.

Edit : Thank you for clarifying everything OP. Atleast this will give a heads up for those who are going to suspect these addresses in the future.

[YOSHIE]

I don't know how YOSHIE links us to have a connection. And I really don't know them.

No I did not connect you to them, but this is strange to me, you send btc to the same address as other people, that's not good.

At a glance, I see there are hundreds of accounts like this, this is intolerable for your local exchange.

I also gave an example of my transaction, but it still ran to my main address.

Not as I see it, this is a mess, that's all if members in the Philippines use coin.ph purses, like this, everything is messy, you are accused of being all Alt accounts. Strange exchange at your place.

This is an experience for you in the Philippines, to change this way of exchanging, connecting with one another, it doesn't make sense to me, there are hundreds of accounts that use the same address.

Glad you explained it, i will edit this topic.
I spend time, but the results are more chaotic, messy.
Example: https://www.blockchain.com/btc/address/15amswyih862g2SzMg1Fxf8nwXDoutxhwF

I remember @ cabalism13 once made a topic about the address coin.ph.
Topic: Question About Using Another BTC Address...

[Yamifoud]

I don't know how YOSHIE links us to have a connection. And I really don't know them.

No I did not connect you to them, but this is strange to me, you send btc to the same address as other people, that's not good.

At a glance, I see there are hundreds of accounts like this, this is intolerable for your local exchange.

I also gave an example of my transaction, but it still ran to my main address.

Not as I see it, this is a mess, that's all if members in the Philippines use coin.ph purses, like this, everything is messy, you are accused of being all Alt accounts. Strange exchange at your place.

This is an experience for you in the Philippines, to change this way of exchanging, connecting with one another, it doesn't make sense to me, there are hundreds of accounts that use the same address.

Glad you explained it, i will edit this topic.
I spend time, but the results are more chaotic, messy.
Example: https://www.blockchain.com/btc/address/15amswyih862g2SzMg1Fxf8nwXDoutxhwF

I remember @ cabalism13 once made a topic about the address coin.ph.
Topic: Question About Using Another BTC Address...

Thank you for hearing me (us)...
I'm also glad of your hard work letting me(us) know that coins.ph making us all users of this exchange connected to one other.
I don't expect that though...

[Kelvinid]

I've just woke up by now and got a message from @Harkorede.

I read the entire thread and have to figure it out. What a mess that this coins.ph did to all the members in the Philippines? It for sure we are not aware of this and we are confident using this without knowing that we got connected to the other person's addy.

I have to ask them later today to their support team and let them answer this scenario. I think we are not safe anymore.

Thank you OP for having this awareness and clarifying the situation.

[Baofeng]

Someone recently suggested doing this, but we should be really careful to avoid some witch hunts here.
People maybe use some smaller exchanges or some betting website or mixers.

What I would do is to double and triple check all this transactions in two explorers below:
https://www.kycp.org/
https://oxt.me/

Yes, this is clearly a witch hunt.

Don't get me wrong @YOSHIE, you are an asset in this community by exposing cheaters.

But saying that coins.ph is a "chaos" in our local community, doesn't sounds right. First, this is an exchanges that I would say that 100% of all Filipinos here are using to received their payment in a BTC paying campaign. And if we ever wanted to convert it to Philippine Peso (PHP), you can simply cash it out without worrying that you will be connected to someone.

Heck even a gambling site can have the same issue: Transactions from gambling websites, lets talk about it. And I doubt that coins.ph will "fix" the issue on their end, we can't tell them to upgrade because all Filipinos in the bitcointalk community is accused of being connected because of your flawed system. So I don't see any problem or chaos in our local exchange. If that is the case then we can say that Xapo wallet is in chaos if we found addresses interconnected with some users here.

And I think you need to change the title as well, those 3 SR members haven't been found cheating right? All of this is an accusations, with no conclusions. And why you spend time and the results are chaotic and messy? Maybe there are no connections after-all? I'm not defending the accused 3 users here, but to me this is like a crusade to all Filipinos here in this community.

We even have our local LENDING SECTION HERE (Mores Funds Available - Wanted Borrowers!. Most of the transactions are coins.ph->coins.ph so obviously you might found some connection but it doesn't mean they are alts.

[cabalism13]

Do I have something to do here?
Seems like an issue to Coins.ph but not with the users. If any problem persist you can ask me
Also seems like we, users from the Philippine Community, are getting too much attentions in this current times. I simply do not know if this was caused by the previous incident.

[Avirunes]

I have also previously faced a dead end following addresses from this wallet. You can search the address through wallet explorer and check the wallet connection. I hope you are familiar with walletexplorer and how it connects the addresses.

You need to understand how this exchange do transaction.

1) "A" makes a deposit into his address in coins.ph say 331skcjh76u5Qt2hAbabb8Zv8EMXtNkggL
2) "B" requests for withdrawal of some amount from his coins.ph account.
3) If the deposit of "A" is confirmed, the exchange uses that deposit to process the withdrawal request of "B" and thats what you are watching it here.

This happens in many exchanges and not only in coins.ph. I hope I have cleared the doubts you are going through. Let me know if you have further questions.

The only thing that comes out of this thread is that there are lot of Philippines in that campaign.

[bL4nkcode]

And I doubt that coins.ph will "fix" the issue on their end, we can't tell them to upgrade because all Filipinos in the bitcointalk community is accused of being connected because of your flawed system.

I want to tell members in the Philippines coin.ph exchange, in the chaos in your local area, the Bitcoin addresses that are used are interconnected with each other.

There's no chaos or messy on here, I can't even say if its an issue, just because that's how people do here to get rit of some alts (though I admired people who take their time to get rid of this cheaters ), it's just that how the exchanges and gambling wallet works.

Once some user on that exchange makes an outgoing tx, that exchange will be using the address(es) with unspent BTC in single tx, even the "owner" of the address on coins.ph account didn't make any activity concerning the tx.
Regarding the timing of the tx where those 3 addresses were used in single tx its because of the time of inputs registered where

Best change sends out the payments to the addresses at once.

And these are the odds.

Also seems like we, users from the Philippine Community, are getting too much attentions in this current times. I simply do not know if this was caused by the previous incident.

Seems that's the issue here, but I hope not

Just continue to keep busting Yoshie you're an asset of this community.

[nullius]

I think that this can be called an accidental case of, “I taint an alt!”

I want to tell members in the Philippines coin.ph exchange, in the chaos in your local area, the Bitcoin addresses that are used are interconnected with each other.

At a glance, I see there are hundreds of accounts like this, this is intolerable for your local exchange.

...this is a mess...

I have to ask them later today to their support team and let them answer this scenario. I think we are not safe anymore.

Don't get me wrong @YOSHIE, you are an asset in this community by exposing cheaters.

[...]

Heck even a gambling site can have the same issue: Transactions from gambling websites, lets talk about it. And I doubt that coins.ph will "fix" the issue on their end, we can't tell them to upgrade because all Filipinos in the bitcointalk community is accused of being connected because of your flawed system. So I don't see any problem or chaos in our local exchange. If that is the case then we can say that Xapo wallet is in chaos if we found addresses interconnected with some users here.

This happens in many exchanges and not only in coins.ph.

There is nothing to “fix”, because it’s not broken!  Nobody in the world is obligated to make blockchain analysis easier.  To the contrary, I and others spend much time deliberately confounding blockchain analysis.

Coins.ph is not providing privacy here; and I don’t want to inadvertently start some stupid rumour that this is a feature.  It is not.  It is just a side effect of how they apparently handle their wallet.  But this does raise another question:

Will it be called “chaos” or a “mess” or “intolerable”, if/when CoinJoins get more popular—and more sophisticated?  E.g., would this be “chaos” when scaled up to as many users as privacy advocates can get involved?  Hypothetically, what if a Filipino privacy advocate started doing something like this, and many members of his local forum got involved?

https://joinmarket.me/blog/blog/coinjoinxt/

Example

[/center]

Here we are still restricting to 2 parties for simplicity of the diagram.

[...]

Breaking subset-sum with Lightning



Here's one way of addressing the fact that A can do subset-sum on such a privacy-enhancing CoinJoinXT instantiation. The PTG is unspecified but you can imagine it as something similar to the previous example.

Don't get me wrong @YOSHIE, you are an asset in this community by exposing cheaters.

Just continue to keep busting Yoshie you're an asset of this community.

Yes.  There is just nothing to bust here—and insofar as has been shown on this thread, there is nothing wrong with the exchange.  (Not that I approve of keeping bitcoins on any exchange, but that is a different subject...)