4,836 Hacked BTC from Binance laundered through Chipmixer

[SmokerFace]

How does it make you feel @ChipMixer Promoters that you're paid with the Commissions from the hacker who used ChipMixer?


You guys certainly talk a lot about morals and ethics but you accept the payment that came from the commissions of someone who did the wrong deeds, Anything in your defence?




The story is 2 yr Old.

Reddit: https://www.reddit.com/r/Bitcoin/comments/cnoruc/4836_hacked_btc_from_binance_laundered_through/

Article Source: https://coinworld360.com/hacked-btc-from-binance-laundered-through-chipmixer/

Attackers started laundering the stolen funds in a month after the hack


Following a major Binance’s security breach that resulted in a loss of 7,000 BTC (more than $80 million at press time), hackers started to launder the stolen funds on June 12, 2019, according to research published by Luxembourg-based crypto capital flow firm Clain.

As Clain noted in the study, it was pretty straightforward to trace the subsequent steps of the attackers as it is “practically impossible to launder big volume of coins in a relatively short period of time.” As such, the researchers managed to detect the initial pool of hacker’s addresses, while further extraction of those addresses allowed them to recognise subsequent alteration to ownership of stolen funds by using a neural network, the btc news ays.


Hackers caused highest historic inflows on crypto tumbler Chipmixer



As Chain discovered, the funds stolen from Binance were directed to crypto tumbler Chipmixer, which reportedly experienced a historical high of fund inflows. Clain added that the abnormally high volume allows one to assume that any outflow coming from Chipmixer these days is likely related to the same owner.

Process of how it was done: https://clain.io/blog/post/binance-hack-2019-deep-dive-into-the-money-laundering

[Poker Player]

How does it make you feel @ChipMixer Promoters that you're paid with the Commissions from the hacker who used ChipMixer?

How will they feel? The same as a cutlery manufacturer when a madman kills someone using a kitchen knife.

P.S: do you get paid extra for writing bullshit?

[SmokerFace]

P.S: do you get paid extra for writing bullshit?

Who knows

[Flython]

I still don't understand what Chipmixer is, as far as I can see there are some high ranking members using Chipmixer signature, I guess Chipmixer is like a typical bounty project? is this some kind of special exchange and only for people who want to sell some of the coins earned from hacking the exchange?

[suchmoon]

P.S: do you get paid extra for writing bullshit?

SmokerFace found a good way to elicit responses so that he can keep posting bullshit without breaking the multiposting rule. AKA trolling. As long as we keep feeding the poor delusional creature, this will continue.

I still don't understand what Chipmixer is, as far as I can see there are some high ranking members using Chipmixer signature, I guess Chipmixer is like a typical bounty project? is this some kind of special exchange and only for people who want to sell some of the coins earned from hacking the exchange?

Well, if it isn't the vindictive account trading asshole. This is gonna be one of those threads, huh.

[SmokerFace]

P.S: do you get paid extra for writing bullshit?

SmokerFace found a good way to elicit responses so that he can keep posting bullshit without breaking the multiposting rule. AKA trolling. As long as we keep feeding the poor delusional creature, this will continue.

I still don't understand what Chipmixer is, as far as I can see there are some high ranking members using Chipmixer signature, I guess Chipmixer is like a typical bounty project? is this some kind of special exchange and only for people who want to sell some of the coins earned from hacking the exchange?

Well, if it isn't the vindictive account trading asshole. This is gonna be one of those threads, huh.

SmokerFace: *Criticises ChipMixer**
PokerPlayer [DT]: *Compares with killing someone**
Flython: *Asks a question adding "High ranking member"
suchmoon aka suchgay aka Chipmixerpromoter: "these are going to one of those threads" **while denying the truth  
Smokerface: **wonders what kind of threads**  

[Jawhead999]

The same goes you receive your salary from your employer, you never know it's from legal or illegal.

You guys certainly talk a lot about morals and ethics but you accept the payment that came from the commissions of someone who did the wrong deeds, Anything in your defence?

I disagree, AFAIK Chipmixer doesn't have minimum fee because they use pay what you want [1] means you could mix the coins and pay 0% fees. So they didn't get any profit/commissions from the scammer, unless the scammer want give a donation.

[1] https://en.wikipedia.org/wiki/Pay_what_you_want

[Beparanf]

Chipmixer main use is to have a privacy on your cryptocurrency. It's not there fault if someone use it for money laundering since there service is fully anonymous. You can compared it to Bitcoin, It is a cryptocurrency that use to send money to other people without the use of any third party services, But people can use it too on buying drugs and other illegal stuff, Does that mean that it was Bitcoin fault when it was used for illegal activities?

[SmokerFace]

The same goes you receive your salary from your employer, you never know it's from legal or illegal.

What do you know happens to the Employers of Money Laundering services IRL?, What does the cops, government does to them?

[LeGaulois]

I don't even know what to say, other than facepalm.
It looks like you are born yesterday and you discovered the world.

Anything in your defence?

Yes, coins control  
</joking>

You receive interest from your bank accounts. How do you feel to receive money from companies involved in money laundering? Let me spin your sentence. You certainly talk a lot about morals and ethics but you accept the payment that came from the commissions of someone who did the wrong deeds, Anything in your defense?

I wonder if your goal is only to create dramas in the forum. I have news for you: people don't give a shit

[SmokerFace]

I wonder if your goal is only to create dramas in the forum. I have news for you: people don't give a shit

Neither do I, even if someone losing their life.

[LoyceV]

This covers how I feel about it pretty well:

We do not launder funds. We do not attack competition.
If you believe this is not true - prove it.
~
Some people bet and gamble. Some use service at your signature. They may have problem because some other people believe it is immoral. They may use our service to avoid people like that. It is their right and we help them with it.

Did any bitcointalk scammer used ChipMixer to hide their scammed funds? Yes. Are we part of group that scamms people at bitcointalk? No. Do we profit from it? No unless scammers donate and I doubt they do. Can we stop scammer from using our service? I do not think we can.

And this:

Imagine this. You buy a new car. You have paid a lot but car salesman does not give you your car. Instead they tell you that some of the banknotes you have used were previously owned by Morally Wrong People. One of them ate pork. Second one gambled. Third said bad word about our Great Leader. Your money is gone. If you are lucky you will not end up in jail.

If you allow others to dictate how much your assets are worth - you will be tricked. Do not allow others to tell you your Bitcoin is worth only half because they think something happened. Do not allow others to keep your Bitcoin because they say it is not worth anything.
We recommend to not to deal with services that treat Bitcoin as non-fungible.

And this:

Calling some chips "clean" makes other chips "dirty". This damages Bitcoin reputation making it bad people money. We do not want that.

If we went dishonest and offered "clean chips" without explaining what makes them "clean" we could attract a lot of people especially if we advertised at dark net websites.
But with our price strategy more customers and more volume does not make more money. It makes us want to attract honest privacy minded people that know a lot or want to learn and they know what our tool is worth for them.

Virtually anything on the planet can be used for good and evil. You choose your own path, but the fact that things can be abused doesn't mean we should stop using them! If you disagree: good luck with the gun lobby!

[NeuroticFish]

paid with the Commissions from the hacker who used ChipMixer?

If you would read more before posting trolling, you would know that Chimpixer is for free, no commission involved, only donations.
I wanted to continue with "So you were saying what?", but no, I won't, since your answer doesn't matter to me. Trolls are trolls and should not be fed.

[SmokerFace]

This covers how I feel about it pretty well:

That settles things down a bit for me but not completely.

I don't want to delve into finances but they seem to be getting enough to pay for the campaign and their own profit.
To me, this Binance case is only a tip of the iceberg.

paid with the Commissions from the hacker who used ChipMixer?

If you would read more before posting trolling, you would know that Chimpixer is for free, no commission involved, only donations.
I wanted to continue with "So you were saying what?", but no, I won't, since your answer doesn't matter to me. Trolls are trolls and should not be fed.

who r u again?

[actmyname]

What would your proposed solution be? Try to answer this question with a succinct response.

For example, KYC or identification-based structures defeat the purpose of the platform. Should it simply not exist, at all?

[The Sceptical Chymist]

I still don't understand what Chipmixer is, as far as I can see there are some high ranking members using Chipmixer signature

I'll be honest with you--I don't even know how Chipmixer works myself, but that's mostly because I'm too fucking stupid to understand the intricacies of things that can be done on blockchains.  I've picked up some knowledge over the years, but I never really had the time or the "tech intelligence" that it takes to understand how a service like Chipmixer works.  I'd admit to other things I'm ignorant about, but I don't feel like embarrassing myself even more.

As far as advertising for Chipmixer, I get SmokerFace's point, but it's kind of the same argument that bitcoin is bad because it's been used to buy drugs and all sorts of other illegal stuff.  From a campaigner's point of view, signature space is just being rented out in the same manner as a TV station selling ad spots to anyone that pays.  If what's being advertised is a known scam, then I have a problem with it--but just because a scammer used a service to launder money doesn't mean the service is in the wrong.  Perhaps they should have checked those incoming funds....but I really don't know how they do things.

[Flython]

I'll be honest with you--I don't even know how Chipmixer works myself, but that's mostly because I'm too fucking stupid to understand the intricacies of things that can be done on blockchains.  I've picked up some knowledge over the years, but I never really had the time or the "tech intelligence" that it takes to understand how a service like Chipmixer works.  I'd admit to other things I'm ignorant about, but I don't feel like embarrassing myself even more.

As far as advertising for Chipmixer, I get SmokerFace's point, but it's kind of the same argument that bitcoin is bad because it's been used to buy drugs and all sorts of other illegal stuff.  From a campaigner's point of view, signature space is just being rented out in the same manner as a TV station selling ad spots to anyone that pays.  If what's being advertised is a known scam, then I have a problem with it--but just because a scammer used a service to launder money doesn't mean the service is in the wrong.  Perhaps they should have checked those incoming funds....but I really don't know how they do things.

Thanks for the honesty. by the way - I ask this question out of curiosity - on the other hand I also know that bitcoin can be used for good and evil - a real example in the country where I live this case occurred around 2019 - when bitcoin was misused as an illegal transaction due to its anonymity which is difficult to trace - someone is abusing to fund terrorist groups and other illicit transactions - this reminds me of the $25k SmallRabbit Scam - is there any chance he is using Chipmixer to monetize his scam there?
I don't question earnings when using Chipmixer signatures - that's your privacy and probably not a nice thing to say in public. I just want to know how the chipmixer works.

[OgNasty]

If any other signature campaign was advertising services like this, they would be attacked and trolled into non-existence on this forum.  Every user wearing the signature would be blasted with negative feedback, and possibly warning flags as well.  Why isn't this happening here you ask?  That's simple.  It's the guys that wear the chipmixer signatures that are the ones who do this to everyone else.  Now that they're wearing scam enabling signatures, all you get is them claiming they aren't responsible or deflecting and acting like nothing bad is happening.  Meanwhile these same individuals suck each other off on the trust network and with merit cycling.  Disgusting double standards...  

Edit: Funny that suchmoon's buddy ibminer left me negative feedback and has been trolling me for years over advertising a legitimate gambling site that he lost money using, but has no problem with his partner in crime suchmoon advertising money laundering schemes that have now been proven to launder illegally gotten funds for criminals...

Ask yourself why the self-described scam busters here are advertising operations that launder money for scams while the forum's position is not to moderate scams without coming to a nefarious conclusion...

[suchmoon]

If any other signature campaign was advertising services like this, they would be attacked and trolled into non-existence on this forum.  Every user wearing the signature would be blasted with negative feedback, and possibly warning flags as well.

That's absurd. There have been many mixers advertised here over the years without any of this apocalyptic shit you just made up.

[Desmong]

If any other signature campaign was advertising services like this, they would be attacked and trolled into non-existence on this forum.  Every user wearing the signature would be blasted with negative feedback, and possibly warning flags as well.

That's absurd. There have been many mixers advertised here over the years without any of this apocalyptic shit you just made up.

You don't need to be angry about his comment.
Everybody must no support your opinion...hoping you are getting it now
I have an uncle here that can support anything scam...please pray I should not disclose his name