[2022-09-13] Man arrested for laundering millions from malicious Electrum update

[dkbit98]

The text says "The expected profit that the man made from money laundering was seized in cryptocurrency"
To me, there is no €uro somewhere.

Maybe, but there is no way someone could find his location because IP addresses used by Bisq are hidden with Tor, and they could also seized both cryptocurrencies and fiat money.
I understand how he exchanges coins back and forward, but the key in this story of finding his location must be some insider information.

The police would have seized all the cash found and the cryptos. So finally, there is cash involved in money laundering.
I'm not saying the sources I quote are more reliable than the police of course. But if it's accurate, apparently the guy is the thief and not a middleman in charge to mix the bitcoins.

It's obvious like I said before, there is no other way to find his real location.
Everyone should watch out trading with dex exchanges and Bisq, especially if doing trading with fiat currencies and larger amounts.
 

[LoyceV]

The discussion topic is still writable. Though the last reply is over 3.5 years old  

Discussion:
https://bitcointalk.org/index.php?topic=5089963.0

Thanks, I didn't read that far down. I'll post a link.

On the other hand imagine the hacker's face (considering it's not him) when he found out that he sent some tainted BTC to a guy to mix, the guy got flagged and caught and the received BTC is now tainted again.

Ignoring the "taint", there's one thing I find hard to believe: if a hacker is smart enough to spread a compromised version of Electrum, why does he need a third party to exchange Bitcoin for Monero and back to Bitcoin? Even if the third party wouldn't get caught, he would know all involved Bitcoin addresses. Why take that risk after going through all the effort to steal tens of millions of dollars?

apparently the guy is the thief and not a middleman in charge to mix the bitcoins.

That's not how I read it.