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Author Topic: Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic  (Read 372 times)
T3PR00T
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June 07, 2023, 09:50:52 PM
 #21

Seems to me that it's going to be a bad day for Sinbad.io
Are you suggesting mixers to start hiring government agencies to approve the coins coming in to them then mix the coins of their clients?

Just because a random Blockchain analysis company claims something is gray does not mean it is gray. Blockchain is open for everyone to trace transactions. Why don't they show the transaction reports, the connections, destination addresses everything publicly? They will not do such thing because they may not have concrete conclusion.

How did they even know it ended to address/es that is/are from Sinbad wallet?

Sinbad is the most popular wallet at the moment, it's understandable that they have more clients than other mixers existing right now. So raising a finger to them is easyer than anyone else.

But let's be real, today or tomorrow every mixers will be blamed for something even if they are not guilty.

They don't say an exchange did this/that because exchanges don't care for their clients privacy.

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June 08, 2023, 11:11:29 AM
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 #22


Meh, I guess once again it proves criminals are lazy even in the amount of millions it's just time and effort to make it anonymous instead of going through a centralized mixer or exchange.
Huh? I thought only exchanges could be centralized. How the heck can a mixer be centralized?


Because you send crypto to it and they send it back and it's under the control of one person / company. Much like sinbad / whirlwind and a host of others.

Then you have things like joinmarket where everyone runs their own node which handles the coinjoins with others.
https://github.com/JoinMarket-Org/joinmarket-clientserver

So had they run their own node, and then slowly trickled the coins in it would be impossible to prove anything.

-Dave

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nutildah
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June 08, 2023, 11:58:42 AM
 #23

Seems to me that it's going to be a bad day for Sinbad.io
Are you suggesting mixers to start hiring government agencies to approve the coins coming in to them then mix the coins of their clients?

Obviously not. They're just saying this will lead to greater scrutiny for them which could eventually lead to their shutdown, ala ChipMixer.

Just because a random Blockchain analysis company claims something is gray does not mean it is gray. Blockchain is open for everyone to trace transactions. Why don't they show the transaction reports, the connections, destination addresses everything publicly? They will not do such thing because they may not have concrete conclusion.

The difference between them and a random person commenting on this forum is the claims they make are backed by enough evidence to hold up in court. They can withstand scrutiny from an analysis team hired by a defense attorney trying their hardest to poke holes in their findings.

How did they even know it ended to address/es that is/are from Sinbad wallet?

I would imagine by sending BTC there and tracing where its going. Also there could be instances when BTC was known to have come from Sinbad and they trace it back to its origins.

Remember that just because a mixer claims to have certain procedures or security measures in place, it doesn't mean they actually do.

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Aanuoluwatofunmi
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June 08, 2023, 02:42:51 PM
 #24


Meh, I guess once again it proves criminals are lazy even in the amount of millions it's just time and effort to make it anonymous instead of going through a centralized mixer or exchange.
Huh? I thought only exchanges could be centralized. How the heck can a mixer be centralized?


Because you send crypto to it and they send it back and it's under the control of one person / company. Much like sinbad / whirlwind and a host of others.

Then you have things like joinmarket where everyone runs their own node which handles the coinjoins with others.
https://github.com/JoinMarket-Org/joinmarket-clientserver

So had they run their own node, and then slowly trickled the coins in it would be impossible to prove anything.

-Dave

Could using a mixer be actually safe hundred percent considering this which has to do with the privacy itself and the fact that they are centralized, are we not going in search for help where help is also needed, maybe the best way is to learn this thing once and for all and know how to run a full node using bitcoincore and get this software over Tor client, here maximum privacy is guaranteed than going through a third party to secure one, my view anyway on this, maybe there could be more clarity to that in addition.

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June 13, 2023, 02:36:32 AM
 #25

That's BS news. The lizardmen are going to abuse just about any mixer they can get their hands on in order to launder their money, so why should association with them mean that the mixers should get shutdown?

What about all the exchanges which enable the withdrawals to take place?

And the shadow Paypal accounts and other payment apps?

And the banks turning a blind eye to their deposits?

People should look at the whole picture, else we will soon live in a world where it would not be viewed as draconian to say something like "Linux enables privacy therefore it is only for criminals, because privacy = crime".  Shocked

The lizardmen do not need mixers or the cryptospace to launder their money. They have traditional banking and finance to do it for them. The difference is the lizardmen are the only people who have access to the moneylaundering function of traditional finance hehehehe. Small minnows like us do not have the income bracket to be included in their group.

However there is good news, the usage of the cryptospace for moneylaundering is open to all individuals. The lizardmen and the leaders in traditional finance do not like this. The lizardmen do not want the small minnows to have the same superpowers as them and the leaders of traditional finance do not like competition in their moneylaundering business. For that reason, the lizardmen are now presently using their people in the government to attack and crackdown on crypto.

The lizardmen also use their people in mainstream news media to write head shaking articles similar to this.



Axie Infinity

If I told you that US venture capitalists promoted a Ponzi scheme that used a cartoon computer game to steal hundreds of millions of dollars from poor workers in the Philippines and send it to North Korea to fund a ballistic missile program, you probably wouldn’t believe me. Unless I said “… using crypto,” in which case you would probably say “oh yeah that sounds about right.” The Wall Street Journal reported this weekend.

Last year an engineer working for the blockchain gaming company Sky Mavis thought he was on the cusp of a new job that would pay more money.

A recruiter had reached out to him via LinkedIn, and after the two spoke over the phone, the r
ecruiter gave the engineer a document to review as part of the interview process.
But the recruiter was part of a vast North Korean operation aimed at bringing in funds to the cash-poor dictatorship. And the document was a Trojan Horse, malicious computer code that gave the North Koreans access to the engineer’s computer and allowed hackers to break into Sky Mavis. Ultimately they stole more than $600 million—mostly from players of Sky Mavis’s digital pets game, Axie Infinity.

It was the country’s biggest haul in five years of digital heists that have netted more than $3 billion for the North Koreans, according to the blockchain analytics firm Chainalysis. That money is being used to fund about 50% of North Korea’s ballistic missile program, U.S. officials say, which has been developed in tandem with its nuclear weapons.

Super! Venture capitalists have largely pivoted from crypto to artificial intelligence, and while the popular view is that AI has a higher probability of wiping out humanity than crypto does, “crypto funds the North Korean missile program” would be a funny way for crypto to kill us all before a rogue AI can.


Source https://www.bloomberg.com/opinion/articles/2023-06-12/three-arrows-had-a-fun-bubble

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June 13, 2023, 09:39:26 AM
 #26

Seems to me that it's going to be a bad day for Sinbad
Nice rythme in this Smiley

On a serious note, you know how everyone say no pain no gain or no risk no gain...Whatever is coming is the cost of doing business,  it's the nature of business!

and the people that's promoting them with campaign signatures.
Did not see this coming, and since when did things get to pinned on promoters (individuals )of a service ??

And in the years I have been on the forum I have never read a thread saying signature participants will be jointly liable for whatever comes out from a seizure or whatever it is....this has never happened or won't happen, otherthan sig ending and we all move on.

But I guess, if it hits a rogue nation's hacker group that provides funds for the rogue state, the sacrifice is hopefully worth it. I'm having mixed feelings with mixers now, I think that it's a freedom to be able to use it but then group's like the Lazarus group using it makes me want to change sides.
Mixers can't regulated businesses and they don't mind crossing the red tape as the clients are special clientele wanting  to protect their digital footprint and the alike.

R


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