Royse777 will not pay anyone for the last week /Sinbad campaign/

[airfinex]

Royse777 will not pay anyone for the last week, but the Sinbad Bitcoins will still be in his possession.

If this manager does not pay the participants of the campaign, then one of the participants should bring charges of fraud against him. Otherwise, on what basis does he decide for others what and to whom to do with his payments? If he is concerned about the safety of others, just let each campaign participant send a new Bitcoin address to which the debt will be paid.

People, do you want your money to be kept by Royse777? Just because he cares about you.

The case is serious and I am considering not to touch any funds that is in the escrow address right now unless I speak to a lawyer. This means no one is going to receive anymore payments unless I have a direction from the lawyer. It's for the safety of everyone.

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[Gladitorcomeback]

Do you read above message just above Royse778 message you have mentioned? Some user included me, received message from Binance that we recieved fund from Sinbad signature Escrow address and we have to give cleanliness that from where we recieved fund and what is our relationship with address owner. It can result to seizing of users fund so What Royse is doing is best for community.

[NotATether]

Royse777 will not pay anyone for the last week, but the Sinbad Bitcoins will still be in his possession.

~

The case is serious and I am considering not to touch any funds that is in the escrow address right now unless I speak to a lawyer. This means no one is going to receive anymore payments unless I have a direction from the lawyer. It's for the safety of everyone.

Are you retarded? Read the quote in your own message.

The US gov. just sanctioned Sinbad, do you really want all the sig participants to be placed on an OFAC list as a result of receiving these particular coins?

[Helena Yu]

In addition, persons that engage in certain transactions with the entity designated today may themselves be exposed to sanctions.

Regardless it's to save the participants or not, but he as a campaign manager need to take care with himself because if the government want to catch anyone that associated with Sinbad, he could be the first target, then the participants. The participants need to understand about that, except there's a participant ask the payment.

Some user included me, received message from Binance that we recieved fund from Sinbad signature Escrow address and we have to give cleanliness that from where we recieved fund and what is our relationship with address owner.

But he has a point, he meant the participants need to use new address and they can trade it through no KYC P2P or DEX without link your identity (if the previous Bitcoin address is linked with CEX or your identity).

If he is concerned about the safety of others, just let each campaign participant send a new Bitcoin address to which the debt will be paid.

[digaran]

Lol, there is no need for a lawyer, just contact whatever agency involved and claim no involvement in their operations, you were just a manager unaware of anything illicit, and now that funds are considered stolen funds, anyone asking for a payment will be marked as a thief, do you guys want that?

CONSIDERED STOLEN, does anyone know what that means? Imagine in your city, you work in a mall, then police comes and says everything in this mall was stolen from other people, would you say the manager has to pay your salary from these stolen funds while the police is watching?

[Cantsay]

After going through this thread^[1] I just realized that you’re not actually interested in the campaign participants getting their money instead you want to make Royse777 look like a scammer. Because I don’t see why anyone who’s in his right state of mind would create this type of thread despite all that is happening right now.

You’re not a part of the campaign neither do you have any thing to do with the project so why hurry to post this thread?

[1] https://bitcointalk.org/index.php?topic=5468985.0

[Findingnemo]

Read the US Treasury Department press release: Treasury Sanctions Mixer Used by the DPRK to Launder Stolen Virtual Currency which was released on 29th Nov and escrow address of the campaign will be under the investigation radar of officials so do you expect to face a felony charges for few bucks?

If I were a participant I choose not to get involved with the company anyway further, lucky me I wasn't part of it so neither were you so what you are concerned about?

[robelneo]

Royse777 will not pay anyone for the last week, but the Sinbad Bitcoins will still be in his possession.

If this manager does not pay the participants of the campaign, then one of the participants should bring charges of fraud against him. Otherwise, on what basis does he decide for others what and to whom to do with his payments? If he is concerned about the safety of others, just let each campaign participant send a new Bitcoin address to which the debt will be paid.

People, do you want your money to be kept by Royse777? Just because he cares about you.

OP is so funny thinking that he can tempt us to demand and give malice to Royse's action when he has no business discussing this.

After going through this thread^[1] I just realized that you’re not actually interested in the campaign participants getting their money instead you want to make Royse777 look like a scammer. Because I don’t see why anyone who’s in his right state of mind would create this type of thread despite all that is happening right now.

On point, checking his trust he has an ax to grind against Royse, watching him make mistakes and making him look bad to the community.

[digaran]

If you are anonymous @Royse, do not reveal your identity, you should consult with a lawyer but it's better to leave him out of the equation. Also read your own disclaimer on your topics.

[Don Pedro Dinero]

Leaving aside the title, which is directly false, and you only have to see the quote that the OP himself puts, I imagine that those who have not deposited the satoshis from the Sinbad campaign in a CEX like Binance will not have had problems: those who have sent them to a bitcoin ATM or have bought gift cards or deposited in a casino of those advertised on the forum, for example (I am obviously ignoring those who simply HODL).

Some user included me, received message from Binance that we recieved fund from Sinbad signature Escrow address and we have to give cleanliness that from where we recieved fund and what is our relationship with address owner.

Working for a mixer and depositing what they pay you in a CEX, even more by doing it just like that, without going through a previous coinjoin for example, I don't quite understand, I would appreciate it if someone could explain it to me.

On the other hand, Royse777 is right to consult a lawyer before making any other move, as things stand.

[Lucius]

~snip~
Working for a mixer and depositing what they pay you in a CEX, even more by doing it just like that, without going through a previous coinjoin for example, I don't quite understand, I would appreciate it if someone could explain it to me.

It's obvious that some members of this forum still haven't learned the difference between custodial and non-custodial wallets, but they also obviously weren't familiar with what they were promoting. When this situation happened last time, we did not have such "problems" - no one complained and everyone was paid.

[Rikafip]

Working for a mixer and depositing what they pay you in a CEX, even more by doing it just like that, without going through a previous coinjoin for example, I don't quite understand, I would appreciate it if someone could explain it to me.

What I don't understand though is whether those who got asked by Binance to explain their connection with that address used Binance to deposit their signature campaign earnings, or they first got money on their own non-custodial wallets and then moved it to Binance?

I mean, neither of those are smart things to do but I am curious how deep Binance actually goes in their investigation.

[NeuroticFish]

I think that you are way too zealous on throwing stones. I don't see any part that tells that people will not be paid at all. It only tells about a delay because of the talks / certainty he needs.
I can understand that it's an unpleasant situation (plus bad timing because of the holidays), but this kind of situations need mostly patience.
I think that Royse777 will come - sooner or later - with updates and probably also with the payments (from that wallet or from another).

[target]

Royse is preventing funds from getting seized which is a good decision rather than just allowing each user to deal with it.

The participants can talk about what to do with funds, maybe trade they can sell the coins to Royse himself and Royse send them the stablecoin in exchange for those BTC. Its possible and let Royse handle those coins in his wallet, is it possible that his wallet is already tagged?

[SatoPrincess]

Working for a mixer and depositing what they pay you in a CEX, even more by doing it just like that, without going through a previous coinjoin for example, I don't quite understand, I would appreciate it if someone could explain it to me.

On the other hand, Royse777 is right to consult a lawyer before making any other move, as things stand.

It goes to show how much campaign participants do not use the service they promote. Because if they did, they would not deposit the bitcoins into a centralized exchange directly. I don’t think coinjoin helps because I suspect Binance may just add the user to their watchlist. I thought we all expect a platform that requires its users to perform KYC will not accept mixed or as they like to call it “tainted” coins. Binance is doing a lot of crypto policing these days, and considering recent events in the company it seems they will be willingly to do anything to get in the good graces of crypto regulators.

I think Royse777 made a good call. No manager wants to be in this type of situation.

[Lucius]

What I don't understand though is whether those who got asked by Binance to explain their connection with that address used Binance to deposit their signature campaign earnings, or they first got money on their own non-custodial wallets and then moved it to Binance?
I mean, neither of those are smart things to do but I am curious how deep Binance actually goes in their investigation.

I think that in the event that the funds went directly from the campaign address to CEX, there can be no doubt as to where they came from and that is a problem for anyone who received payments in that way - while in the event that there is another address in between, there can be justified suspicion that the client is not directly connected to the mixer.

I think that CEX never seriously analyzed the transactions in the sense that it froze funds that have to do something with "mixed coins" that are not directly related to any major crime. In other words, I never got bad feedback from the people I sent payments to their B accounts, but of course I never allowed those transactions to be in any way connected to the addresses I used in the campaigns. In other words, even though the coins were "mixed", it was never a problem for the exchange.

[The Sceptical Chymist]

you were just a manager unaware of anything illicit, and now that funds are considered stolen funds, anyone asking for a payment will be marked as a thief

Now that makes sense, digaran.  Neither the manager nor the campaign participants had any knowledge of wrongdoing on sinbad's part--and how could they?  All of these charges were just recently made public.  Mixers aren't illegal in the US as far as I know, so everyone involved in the campaign was acting in good faith by assuming sinbad wasn't guilty of something....kind of how we should treat any project that doesn't show obvious signs of shady shit going on.

The justice department goes after big fish, not minnows.  If they took any action against campaign participants, I'd be very surprised.

Royse is preventing funds from getting seized which is a good decision rather than just allowing each user to deal with it.

I agree, since there's a lot of uncertainty at the moment as to what the feds might do.  I have my doubts about them trying to track down a bunch of people who didn't profit massively from sinbad or even use their service, but you just never know.

[DYING_S0UL]

As for me safety comes first. Royse777 has been managing campaigns without any issue till now. And I'm pretty sure he'll solve this issue very professionally. As for the funds, it should better stay where it is now. Not a good idea to stir the situation any further. Also, I don't see any participant complaining about due payments. Everyone understands, how difficult and complicated the situation is. So there is no need to force anything or anyone. 

[digaran]

I think that you are way too zealous on throwing stones. I don't see any part that tells that people will not be paid at all. It only tells about a delay because of the talks / certainty he needs.
I can understand that it's an unpleasant situation (plus bad timing because of the holidays), but this kind of situations need mostly patience.
I think that Royse777 will come - sooner or later - with updates and probably also with the payments (from that wallet or from another).

But what if they don't pay at all? Do you think that would warrant for negative trust? I would like to know your opinion, or wouldn't be better for him to just share all the funds between participants?

[stompix]

Now that makes sense, digaran.  Neither the manager nor the campaign participants had any knowledge of wrongdoing on sinbad's part--and how could they?  All of these charges were just recently made public.  Mixers aren't illegal in the US as far as I know, so everyone involved in the campaign was acting in good faith by assuming sinbad wasn't guilty of something....kind of how we should treat any project that doesn't show obvious signs of shady shit going on.

The justice department goes after big fish, not minnows.  If they took any action against campaign participants, I'd be very surprised.

It's not about the us government going after them or the FBI raiding their homes or some SEALs team popping from their Christmas presents  

The problem lies with he fact that on the indictment you have this:
https://ofac.treasury.gov/recent-actions/20231129

http://sinbadiovklgdbafpqvwfwjh2tfrisahtxmrskiovt62nirragcnkcad.onion;

Email Address support@sinbad.io; alt. Email Address adv@sinbad.io;
Digital Currency Address - XBT bc1qq7p0es3dv5hcynjjf40f2xjjr6qp5py47d2f6n847vduuq9gvnyq7y9ecd; alt.
Digital Currency Address - XBT 1JHdQHkBZiim1cb4hyUh2PbzEbbg6z2TrF; Secondary sanctions risk:

That's not Sinbad mixing address but the address Royse777 is paying participants from.
Of course, is a confusion, but to sleep peacefully you have to:
- explain the exchange why their crappy AML bot flagged your funds as from coming from a sanction address under terrorism suspicion - good luck
- mail OLAF and tell them that wasn't used for mixing it was used for advertising the mixing service they closed and ask them to change the document - good luck again with your suicide wish

So, bottom line, I wouldn't touch those coins even if they were free or you would pay me double to get them!