4,836 Hacked BTC from Binance laundered through Chipmixer

[PrimeNumber7]

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

The argument the OP seems to be making is something along the lines of that CM has profited from thieves using their services in the past, therefore those wearing the CM signature should resign their positions if they want to maintain credibility when discussing ethics. (This is not my personal stance, but rather is my reading of the OPs stance).

I don’t think there is evidence that CM profited from the theft/hack in question by mixing the stolen coin. Given the amount involved, I think a competent blockchain analysis firm could reasonably track the stolen coin through CM.

To answer your question as to what can be done, additional confirmations can be required and analysis can be done to ensure any coin being mixed is not stolen. Given 200-300 confirmations, could blockchain analysis detect stolen coin? Yes, probably. Is this a reasonable request? No I don’t think so, but this is up for debate. As I mentioned, with the amounts involved, blockchain analysis should be able to detect the outputs of the stolen coin in question.

I think the benefits that mixers give, such as giving privacy for those dealing with moderate amounts, outweighs the drawbacks of mixers (the additional difficulty in tracking stolen and/or illegitimately obtained coin).

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[suchmoon]

You don't need to be angry about his comment.
Everybody must no support your opinion...hoping you are getting it now

That was not an opinion, that was a statement of fact. I can't really be bothered to give a fuck if anyone "supports" it, just pointing out when lying liars lie.

A few more from Og's chickenshit edit:

ibminer left me negative feedback and has been trolling me for years over advertising a legitimate gambling site

False.

Easy to verify by looking at OgNasty's trust page what the negative feedback is for.

a legitimate gambling site that he lost money using

False.

ibminer doesn't gamble.

his partner in crime suchmoon

False.

I have not partnered with ibminer in any crimes.

advertising money laundering schemes

False.

I'm not advertising "money laundering schemes".


Good effort by OgNasty to raise the bullshit-per-post average for this thread but he's got nothing on true walls-of-text legends like cryptohunter and nullius. Maybe they can come back for a Halloween zombietroll show.

[LoyceV]

advertising money laundering schemes that have now been proven to launder illegally gotten funds for criminals...

Wait, are you talking about Bitcoin? Or maybe you're talking about fiat money or even just any kind of money in general? Aren't you a gun advocate, despite knowing for a fact guns are used to murder people? Do you see the irony here, or should I call it hypocrisy?

Every user wearing the signature would be blasted with negative feedback, and possibly warning flags as well.

If you believe this is deserved, what's stopping you from tagging and flagging all those users by yourself? It might not work out so well for your diminishing DT status, but that's a small price to pay for doing what you believe to be right.

Then again, you also wrote this:

Paid signature campaigns ~ are making this community a really crappy place.

Lol. Look who's now advertising an online casino.

Good effort by OgNasty to raise the bullshit-per-post average for this thread

Don't be harsh, some of it makes a lot of sense:

Disgusting double standards...

analysis can be done to ensure any coin being mixed is not stolen.

That would mean 1 BTC ≠ 1 BTC! It means you could never accept a payment without doing an investigation, and the evidence of a possible theft (possibly far up the blockchain) could be weak. What if someone claims you stole the Bitcoin he paid you?
I'd say that's a terrible slippery slope to enter.

[ABCbits]

I'll just drop additional relevant material.

Chainalysis: Most Mixed Bitcoin Not Used for Illicit Purposes


Image source: https://e-cryptonews.com/chainalysis-most-mixed-bitcoin-not-used-for-illicit-purposes/

[SmokerFace]

I'll just drop additional relevant material.

Chainalysis: Most Mixed Bitcoin Not Used for Illicit Purposes


Image source: https://e-cryptonews.com/chainalysis-most-mixed-bitcoin-not-used-for-illicit-purposes/

Should've shared everything on the website rather than "Make you look image ONLY"





Do I have to explain in detail the services on DarkMarket such as -

Illegal weapons, Drugs, ChildPorn, Hitman services, DOXing. Anyone?





In Any case ChipMixer did receive a Minimum 4836 BTC from an exchange's funds called Binance It's another matter that owner of Binance didn't approve of the transaction.

• no fee, donation only – pay as much as you want

Imagine ChipMixer having 10,000 Bitcoins and a Well Known Hacker mixed their 10,000 BTC with ChipMixer's,

-FBI tracked those funds.
-Now ChipMixer using those Hacker's funds to make mix someone else's BTC.
-User who mixed their BTC through Chipmixer ends up getting a fraction of Hacker's Coins and attracts the FBI.
-Now FBI traces those funds to an Exchange he deposited and Gets a Legal warrant to get information on the user.
-Exchange has no Option but to co-operate "But where privacy"?
-Happens to arrest someone and waste their time "That's another story if they get released or not"
-And this doesn't happen to a single user.

[moderator's note: consecutive posts merged]

[LoyceV]

New option, just straightening out, actual working chipmixers.

Why are you sharing a bunch of phishing sites? Please don't do that!
Archived at loyce.club

[YOSHIE]

New option, just straightening out, actual working chipmixers.

Why are you sharing a bunch of phishing sites? Please don't do that!
Archived at loyce.club

I myself don't know the site is phishing, in my opinion if it leads to phishing, it needs to be told to the Bitcointalk community especially.

To prevent unwanted things, such as data, fraud or theft of email or documents.

It needs to be prevented, because the site is very easy to find in a google search.

[PrimeNumber7]

analysis can be done to ensure any coin being mixed is not stolen.

That would mean 1 BTC ≠ 1 BTC! It means you could never accept a payment without doing an investigation, and the evidence of a possible theft (possibly far up the blockchain) could be weak. What if someone claims you stole the Bitcoin he paid you?
I'd say that's a terrible slippery slope to enter.

I specifically did not endorse the proposal I brought forth. Automated tools could be used to detect if a transaction is associated with a theft/hack, and could act accordingly. I do agree that there are issues if it is not clear cut if the coin being sent is actually stolen, or even if a hack/theft even took place. This is why it is better to let the courts decide, and judgements could be enforced when someone tries to convert their coin to fiat (not stablecoin).

As I mentioned in my previous post, if you are moving 4k BTC through CM, for all intents and purposes, a competent professional blockchain analysis firm should be able to trace where the coin is withdrawn to.

[QuickAccount]

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

How does it make you feel that you are getting paid for your sig by a scam casino with scammed crypto?

[SmokerFace]

How does it make you feel that you are getting paid for your sig by a scam casino with scammed crypto?

Even if you're saying the truth then read this quote.

To everyone who says "How good are you SmokerFace"
My answer: I'm a bad person and you all and Yahoo are a good person and I'm helping you become Moreeeee... Gooood by giving you a target to swing your Justice Sword.

Also, Please add SuchGay to that list along with GayHoo.

Both such each other dry.
Secret: Their sexual hunger is off human understanding so don't get close to them.

[ibminer]

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...

As you would say... "someone obviously has an obsession with me".

Rather than [thoroughly] defending myself, again, and be forced to create a wall of text, I'll try to summarize... ad nauseam.

.. hope it helps someone out there:
OgNasty: Begins advertising for a gambling site 1 week after I provided proof directly to him that one of the owners was helping a long-time scammer on this forum by giving them a ranked account to conduct more scams. After seeing him start wearing their signature a week later, and inquiring further (while expressing my disgust), he told me the money was too good to pass up.
suchmoon: Advertises for a site intended to help people's privacy when sending coins. Someone, unrelated to suchmoon, used this service to do something illegal.

For me, these are not similar situations. Og tends to find illogical comparisons he can use to attack, mudsling, deflect, or simply to elicit a response he can mock.. or all of the above.. he's good at it. *shrug*

^ Disclaimer: This summary is my objective stance on these members and their use of signatures. It is done without factoring the potential accolades (or lack thereof) each member should really be acknowledged for, or frowned upon.

Spoiler alert: When I do factor these accolades in (or lack thereof):
My level of trust for suchmoon goes up.
My level of trust for OgNasty goes down.

.. facts don't care 'bout your feelings.

[SmokerFace]

suchmoon: Advertises for a site intended to help people's privacy when sending coins. Someone, unrelated to suchmoon, used this service to do something illegal.

Can you tell me 1 case of Bitcoin Mixers where it isn't used for Mix Scummed or Hacked Bitcoins/Altcoins but pure privacy? Let it be Hypothetical if you like.

Bitcoin is private enough already and no one IRL can trace your bitcoins unless you're stupid enough to moan about how many Bitcoins you own and prove to people around you.
Even if you disclose your bitcoin wallet address there's less than a 1% chance of them being able to trace everywhere those bitcoins went, It's hard enough already for Government Agencies to trace, what makes you think a normal Human without a warrant can do to trace someone's Bitcoins?

[LoyceV]

Can you tell me 1 case of Bitcoin Mixers where it isn't used for Mix Scummed or Hacked Bitcoins/Altcoins but pure privacy? Let it be Hypothetical if you like.

What's the point? Can you name one road that was never used by a criminal?

[SmokerFace]

Can you tell me 1 case of Bitcoin Mixers where it isn't used for Mix Scummed or Hacked Bitcoins/Altcoins but pure privacy? Let it be Hypothetical if you like.

What's the point? Can you name one road that was never used by a criminal?

Can you tell me 1 case of Bitcoin Mixers where it isn't used for Mix Scummed or Hacked Bitcoins/Altcoins but is used for pure privacy? Let it be Hypothetical if you like?

+And how do you think someone without a warrant can trace you that you've to use a mixer.

@Community btw I can't upload this gif to my profile picture what should I do?

[suchmoon]

And how do you think someone without a warrant can trace you that you've to use a mixer.

I don't need a warrant to see that you and worldofcoins sweep your campaign earnings to the same address at the same time.

Granted this might fall under "scummed" coins, what with you making money from a scam casino.

[actmyname]

What's the point? Can you name one road that was never used by a criminal?

May good fortune be with you, may your guiding light be strong - LZ

Bitcoin is private enough already and no one IRL can trace your bitcoins unless you're stupid enough to moan about how many Bitcoins you own and prove to people around you.

You can choose to believe this, just as you choose to fawn and obsess over someone who calls themselves nutildah online. In fact, the degree of obsession is to an extent where I would be partial to believing you are a nutildah alt for the purpose of ego masturbation as opposed to someone trolling them.

I wonder: when you don't get enough attention, do you always dick-ride others until they provide it?

[BitcoinGirl.Club]

I wonder: when you don't get enough attention, do you always dick-ride others until they provide it?

Don't response the threads he creates, don't reply the posts he makes, give it a week and two. He will run out of ideas to keep you all busy. I wonder why all of you are even talking to him?

I was checking reputation board and he indeed is keeping it alive with all the negativity.

Bumping old threads which already lost relevancy, world is moving fast.
Accusing almost everyone for anything he can think about.
Showing F**k face to everyone
End of the week 1Xbit was paying him LOL

Yeah, I see he is not wearing a signature now. But, eventually he will go back to winter sleep until he finds another scam company to pay him dime.

[SmokerFace]

And how do you think someone without a warrant can trace you that you've to use a mixer.

I don't need a warrant to see that you and worldofcoins sweep your campaign earnings to the same address at the same time.

Do you mean I sent to address "bc1q5x7zssejfd5nl74gtgd3f92u2wc4pjtues8yng" and whatever company or whoever owns that address sent it to "3CX2reYLXJh1hACiA1i6qq9WFCSEUc7Ax5" where Worldofcoins sent their bitcoins in past Thus i own the address "3CX2reYLXJh1hACiA1i6qq9WFCSEUc7Ax5".

I'm glad this time I'm not the one making stories up
Clap #1

at the same time.

Clap #2

Granted this might fall under "scummed" coins, what with you making money from a scam casino.

If whoever owns that address sends those Bitcoins to Binance, Poloniex, Kraken, Bitfinex, then every Bitcoin those Exchanges have will come under "scummed" coins?
Clap #3

[NotATether]

Granted this might fall under "scummed" coins, what with you making money from a scam casino.

If whoever owns that address sends those Bitcoins to Binance, Poloniex, Kraken, Bitfinex, then every Bitcoin those Exchanges have will come under "scummed" coins?

Looks like you need a technical lesson [though I don't think you'll take the time to comprehend it].

Whenever someone sends bitcoins from a casino - doesn't matter which one it might as well be 1xbit or stake or bustabit - to an exchange, most of the time the coins invariably become "scummed" because most exchanges are using software that traces the bitcoins back to gambling.

Usually what happens next is that your coins, scummed or not scummed, are seized a la account termination based on some obscure clause in their terms of service.

Bitcoin is private enough already and no one IRL can trace your bitcoins unless you're stupid enough to moan about how many Bitcoins you own and prove to people around you.
Even if you disclose your bitcoin wallet address there's less than a 1% chance of them being able to trace everywhere those bitcoins went, It's hard enough already for Government Agencies to trace, what makes you think a normal Human without a warrant can do to trace someone's Bitcoins?

Actually this is not true. The FBI and other government agencies can track down your address at will, provided that they were on an exchange at some point. (That is how the 2020 Twitter scammers got caught and arrested).

If you want ultimate privacy, you should be looking at Monero and other Cryptonote coins with Ring confidential transactions (which are actually used by darknets, not to mention legit users).

I actually make more money off of my job as a cryptonote coin dev than wearing this sig, but I'm pretty sure you aren't going to be bashing me about that, are you (which is arguably, from your point of view, much more reprehensible than wearing a chipmixer sig).

[SmokerFace]

Usually what happens next is that your coins, scummed or not scummed, are seized a la account termination based on some obscure clause in their terms of service.

Nothing happened in the last 6 years.

Actually this is not true. The FBI and other government agencies can track down your address at will, provided that they were on an exchange at some point. (That is how the 2020 Twitter scammers got caught and arrested).

If you want ultimate privacy, you should be looking at Monero and other Cryptonote coins with Ring confidential transactions (which are actually used by darknets, not to mention legit users).

I actually make more money off of my job as a cryptonote coin dev than wearing this sig, but I'm pretty sure you aren't going to be bashing me about that, are you (which is arguably, from your point of view, much more reprehensible than wearing a chipmixer sig).

Yes, that's what I meant, It's only a visible option for government agencies like the FBI to track you down.

A normal person would not need this high-tech privacy unless they're running from something really bad, Even then that "Bad person" will not be able to track the transactions made in Binance, Poloniex.

I mean there are limits on Exchanges and KYC is needed, But why would an Exchange give away the data of a user to some random person who happens to track down their Customer, They can only pass this information if the individual is a government official and has a warrant.


Actually, I would've merited your Post but I don't have any atm. @Ognasty Thanks for merits