Will major exchanges release my funds, despite mixer use, if I provide evidence?

[markcolls]

Let's say I took $10k from my bank account, which I earned from my job, and sent it to a mixer. After mixing the funds, I used them to invest in an altcoin. Once the altcoin’s value increased to $15k, I sold it for USDC and then cashed out at a different exchange (let's say a major well-regulated exchange like Binance).

If I provide every transaction on the blockchain from my bank account to the final exchange, except for the mixer where I can't show blockchain details, but I can show amount correlation and transaction clusters, would that be enough to get my funds released?

If I have a document prepared by crypto tax accountants and lawyers, would that speed up their process or at least force them to release my funds?

[OmegaStarScream]

I'm not sure that would help in anyway tho? I mean if the funds you received are deemed "coming from a hacked exchange" or a "terrorist organization" because they went through a mixer. I don't think that you providing those details would really help. It might even escalate things.

[markcolls]

I'm not sure that would help in anyway tho? I mean if the funds you received are deemed "coming from a hacked exchange" or a "terrorist organization" because they went through a mixer. I don't think that you providing those details would really help. It might even escalate things.

So you're saying there is no way to use a mixer and cash that crypto out to fiat at an exchange?

[OmegaStarScream]

I'm not sure that would help in anyway tho? I mean if the funds you received are deemed "coming from a hacked exchange" or a "terrorist organization" because they went through a mixer. I don't think that you providing those details would really help. It might even escalate things.

So you're saying there is no way to use a mixer and cash that crypto out to fiat at an exchange?

I'm not saying that. I'm talking about the scenario where your funds are blocked due to suspicious activity. Just because you used a mixer does not guarantee that your funds will be locked. But if they do lock your account,then I don't think that you sending the details you mentioned would do you any good.

[Upgrade00]

It all depends on what is being requested. If the funds are seized with suspicion of being linked to mixed coins, it doesn't help to confirm that the coins are actually mixed, if it's not related to mixing, proofing that they were mixed will not help much either.

You will need to skate around what doesn't help the particular case and focus on what exactly is the cause of the seized coins and how to best provide a response with proof.

[tabas]

If I provide every transaction on the blockchain from my bank account to the final exchange, except for the mixer where I can't show blockchain details, but I can show amount correlation and transaction clusters, would that be enough to get my funds released?

If I have a document prepared by crypto tax accountants and lawyers, would that speed up their process or at least force them to release my funds?

To be honest, no one will ever know here. Someone's procedure and details asked could be different from the others and, as well as for you. Whatever they're asking from you, you have to comply and maybe just don't add something that they aren't asking and only provide what they are asking you to confirm and verify.

[Darker45]

If you're providing them documents prepared by professional tax accountants and lawyers, it would probably help. But there's no guarantee. Most exchanges are allergic to funds linked to mixers. It's even an outright violation of the terms and conditions of some exchanges if you make a deposit directly from a mixer. In which case, they have a valid reason to freeze your account and hostage your funds indefinitely.

Bank documents and other transactions can't make up for the broken link that was caused by the mixing transaction. So the exchange may or may not allow you to withdraw your funds. It seems to me their decisions are often arbitrary.

Several months ago, user The Cryptovator shared his experience of his Binance account frozen because somebody deposited funds mixed by Tornado Cash, a sanctioned mixing platform. It wasn't even a direct deposit. Fortunately, the funds were released to him after 45 days but he wasn't anymore allowed to trade on the exchange. He wasn't even asked for supporting documents.

[examplens]

If I provide every transaction on the blockchain from my bank account to the final exchange, except for the mixer where I can't show blockchain details, but I can show amount correlation and transaction clusters, would that be enough to get my funds released?

It's a bit unclear why you would go through the mixer at all, if before the start of the process, the bank knows about these funds of yours, and also after everything you plan to show the money to the bank again. In that case, you don't need a mixer at all.

So you're saying there is no way to use a mixer and cash that crypto out to fiat at an exchange?

Jambler has some very restrictive conditions for coins in their network. From there you usually get coins from exchanges or mining pools, see one of their partners

[hugeblack]

The main purpose of crypto mixer is to enhance your privacy, if you want to show all your data to the government or the tax authority, there is no need to use it.

Generally, in my country, accurate tax data is not required for all the transactions you have made, but it is enough to attach the platform record and transcations you have made inside the exchange.

In addition, do not take tax and legal information from this forum or anywhere on the Internet, it is better to ask a specialist in this.

[Lucius]

It's a bit unclear why you would go through the mixer at all, if before the start of the process, the bank knows about these funds of yours, and also after everything you plan to show the money to the bank again. In that case, you don't need a mixer at all.
~snip~

There is really no point in using a mixer in this particular case, because if you have legally earned money that is in the bank and you buy crypto-currencies with them, and one day you sell them and return fiat to the same bank account, why put yourself at risk that CEX freezes crypto assets and demands additional evidence?

It seems to me that OP somehow wants to break the connection between fiat - altcoins because he doesn't want fiat to have a connection with what he plans to invest in - maybe the thing is that he can't legally invest in that altcoin/token?

[The Cryptovator]

The question is, How will you buy altcoin? It must be from an exchange. If you use Dex, then your funds won't freeze; if you use CEX, then your funds would freeze. Let's say you bought altcoin from Dex and hold it. Then price goes up and sells into Dex again. So now you need to send funds to exchange, like Binance. Then they will freeze your funds. Because the address used to send funds will be flagged because you received funds from Mixer. I can say you won't be safe using a mixer at the same time as using CEX. Exchanges are strictly flagging mixers transaction and address. 

[robelneo]

If I provide every transaction on the blockchain from my bank account to the final exchange, except for the mixer where I can't show blockchain details, but I can show amount correlation and transaction clusters, would that be enough to get my funds released?

If I have a document prepared by crypto tax accountants and lawyers, would that speed up their process or at least force them to release my funds?

Don't undermine the tracing system of the exchange, if they find out that you are trying to omit something on your transaction, that will flag the account for further investigation. Read the exchange's terms of service or ask before submitting your transactions because exchanges have their own way to address such issues.

But as much as possible, when you are dealing with a platform that is compliant with the regulatory board, you should be transparent to avoid future issues.

[FinneysTrueVision]

If they already know that you used a mixer then the only thing that would be useful would be to unmix the transaction for them, by providing all your transaction IDs that show the movement of your funds from the original $10k amount to the mixer and then to the exchange. Using a mixer is not illegal in and of itself. They just want to know that you’re not a hacker or a terrorist. If you can prove that you aren’t involved in criminal activity they might let you off the hook.

[shield132]

Let's say I took $10k from my bank account, which I earned from my job, and sent it to a mixer. After mixing the funds, I used them to invest in an altcoin. Once the altcoin’s value increased to $15k, I sold it for USDC and then cashed out at a different exchange (let's say a major well-regulated exchange like Binance).

If I provide every transaction on the blockchain from my bank account to the final exchange, except for the mixer where I can't show blockchain details, but I can show amount correlation and transaction clusters, would that be enough to get my funds released?

If I have a document prepared by crypto tax accountants and lawyers, would that speed up their process or at least force them to release my funds?

I don't understand how are you going to use a mixer and invest in an altcoin. Do you mean that you'll mix your Bitcoins, receive them in a self-custody wallet and then send Bitcoins to an instant exchange to receive altcoins? If I were you, I would directly send Bitcoins to an instant exchange like exch.cx and receive altcoins in my wallet. Once the value goes up, I would send them to Binance, convert them into USDT or USDC, then I would do a P2P trading and withdraw my money.
If you have to prepare documents and there is an involvement of lawyers, why should you risk using a mixer? If you reveal everything, then what's the point of hiding something? It will only get you in trouble. I don't think they'll like it if you mention that you used a mixer.

[Charles-Tim]

If I have a document prepared by crypto tax accountants and lawyers, would that speed up their process or at least force them to release my funds?

There are many mixer campaigns on this forum before, some people use exchange account for receiving their campaign reward. We know when their funds was seized when Sinbad was taken down by government as Binance seized some funds of the people that received money from Sinbad. Participants from other mixers had no problem. As for the Sinbad issue, only what they need is to provide source of fund. If legit, their money would be given them back. So you may not have any issue, but also be expecting issue that may lead to the exchange asking you for source of the money.

But if you want to do something like that, first send the money again to another noncustodial wallet before sending it to the exchange. You can make use of more than one exchanges. After you mixed the coin, you can send it with different amount into three noncustodial wallets. Move the three to different exchanges on different days.

[examplens]

But if you want to do something like that, first send the money again to another noncustodial wallet before sending it to the exchange. You can make use of more than one exchanges. After you mixed the coin, you can send it with different amount into three noncustodial wallets. Move the three to different exchanges on different days.

I would also like to remind, that it is a very bad move to send coins to exchange directly from the mixer and in general from other services such as casinos. I don't know if this is the case with the OP, but it is recommended to avoid such transactions.

[Synchronice]

Let's say I took $10k from my bank account, which I earned from my job, and sent it to a mixer. After mixing the funds, I used them to invest in an altcoin. Once the altcoin’s value increased to $15k, I sold it for USDC and then cashed out at a different exchange (let's say a major well-regulated exchange like Binance).

If I provide every transaction on the blockchain from my bank account to the final exchange, except for the mixer where I can't show blockchain details, but I can show amount correlation and transaction clusters, would that be enough to get my funds released?

If I have a document prepared by crypto tax accountants and lawyers, would that speed up their process or at least force them to release my funds?

If you took $10K from your bank account, how do you plan to send it to a mixer? You mean Bitcoin mixer, right? So, at first you have to buy coins on a centralized exchange or via a decentralized exchange. By the way, since you have to do this step, isn't it better to directly buy an altcoin?

I would also like to remind, that it is a very bad move to send coins to exchange directly from the mixer and in general from other services such as casinos. I don't know if this is the case with the OP, but it is recommended to avoid such transactions.

Is it really dangerous to send coins from casino to exchange? If I send money from exchange to casino, gamble and then withdraw from casino, am I not safe? That's a good advice because I thought it was okay.

[examplens]

Is it really dangerous to send coins from casino to exchange? If I send money from exchange to casino, gamble and then withdraw from casino, am I not safe? That's a good advice because I thought it was okay.

For example, Coinbase has explicitly emphasized that users do not use direct sending of coins from the exchange to their wallets. In other words, they do not want coins from gambling on their platform. I saw a couple of complaints about it, but I didn't follow what happened until the end. I would avoid that kind of complication.

[NotATether]

No it wouldn't because they still cannot untangle the coinjoin transactions of the mixers.

If you hired a chain analysis company to do that for you and generate a report then I think they would be more willing.

You could try exchanging BTC <=> XMR on one of these exchanges and back again on a different one, as many of the CEX companies can receive coins from these exchangers (as long as its not too big).