eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20

[apogio]

Has anyone tried swapping eXch-connected and "tainted" (what a ridiculous concept) coins for ether or a stablecoin on an instant exchange, like Splash for instance, and then depositing those coins into one of these exchanges that have been known to freeze user accounts? Will that also cause issues with these centralized scumbags?

TL;DR: The following post is what you shouldn't do.

You can find a Tor service and exchange your coins for "clean" coins (even more ridiculous concept).
Essentially what this does is that they get your high-risk super-illegal coins and they give you coins that were bought from CEXs.

Don't follow the process below, or if you do, don't blame me - I have never tried and I don't wish to try it:
0. Make sure your VPN is turned on.
1. Open Tor and go to tempmail.plus. Create a temporary email, without closing the browser.
2. On a new tab, go to chainscheck.com and create an account with your temporary email.
3. You will have 3 free checks for your coins. The algorithm they use is the most used one, even from CEXs and chain analysis bullshit companies.
4. Find a service from bitlist.co or bitmixlist.org. *
5. See if it supports changing your coins for "clean" coins.
6. Test your address before and after the change. **

* I am aware of at least one service that does it, but can't talk about it freely here.
** Be prepared for high fees.

[examplens]

Has anyone tried swapping eXch-connected and "tainted" (what a ridiculous concept) coins for ether or a stablecoin on an instant exchange, like Splash for instance, and then depositing those coins into one of these exchanges that have been known to freeze user accounts? Will that also cause issues with these centralized scumbags?

I don't know if we should talk about it publicly, I guess it's fine, since it wasn't big amounts.
I did a few transactions BTC (linked to eXch) swap to DAI on Splash exchange, then sent to Binance. I didn't have any problems.
Also, a few times, some other instant exchanges, also swap BTC (eXch related) to ETH and USDT, after that sending to Binance was no problem. I think that slightly more serious exchanges follow only the previous address, i.e. they do not engage in "deep research" as some of the exchanges (Whitebit, FF, Changenow) with questionable standards do.

[Trêvoid]

Has anyone tried swapping eXch-connected and "tainted" (what a ridiculous concept) coins for ether or a stablecoin on an instant exchange, like Splash for instance, and then depositing those coins into one of these exchanges that have been known to freeze user accounts? Will that also cause issues with these centralized scumbags?

sent to Binance. I didn't have any problems.

In my experience, i can say swapping and trading under 0.5 BTC on Binance is usually low-mid risk, and the worst outcome is they might pause withdrawals or refunds. For amounts over 0.5 BTC, Binance runs stricter checks and might require additional verification or account reviews.

[joker_josue]

2. On a new tab, go to chainscheck.com and create an account with your temporary email.

Another check that brings more questions than answers and starts wrong, asking for an email, and wanting access to the system's clipboard.

Your warning makes more than any sense:

Don't follow the process below, or if you do, don't blame me - I have never tried and I don't wish to try it:

Perhaps a check will soon appear that is a little more reliable. 

[apogio]

Another check that brings more questions than answers and starts wrong, asking for an email, and wanting access to the system's clipboard.

Your warning makes more than any sense:

Don't follow the process below, or if you do, don't blame me - I have never tried and I don't wish to try it:

Perhaps a check will soon appear that is a little more reliable. 

Absolutely that’s why apart from the warning, I have also added a TL;DR.

In fact I was pretty much hesitant to talk about this method. It’s literally very risky and exposes your privacy.

The funny truth is that the best way to know the risk level of your coins is to stop caring about knowing it and ignore it.

But, I thought it was good to let people know about this method, because it exists and if someone ever tells you to do that, if my opinion matters, I should warn you not to do it without having second thoughts.

[bitmover]

Has anyone tried swapping eXch-connected and "tainted" (what a ridiculous concept) coins for ether or a stablecoin on an instant exchange, like Splash for instance, and then depositing those coins into one of these exchanges that have been known to freeze user accounts? Will that also cause issues with these centralized scumbags?

I don't know if we should talk about it publicly, I guess it's fine, since it wasn't big amounts.
I did a few transactions BTC (linked to eXch) swap to DAI on Splash exchange, then sent to Binance. I didn't have any problems.
Also, a few times, some other instant exchanges, also swap BTC (eXch related) to ETH and USDT, after that sending to Binance was no problem. I think that slightly more serious exchanges follow only the previous address, i.e. they do not engage in "deep research" as some of the exchanges (Whitebit, FF, Changenow) with questionable standards do.

When you swap your btc coins to coins from another chain, any link is immediately broken.

There is no reason to worry.

[joker_josue]

But, I thought it was good to let people know about this method, because it exists and if someone ever tells you to do that, if my opinion matters, I should warn you not to do it without having second thoughts.

In fact, all the AML analysis tools I know of break all privacy guidelines.
Those that eventually don't break this so clearly simply leave the person with more doubts than certainty about what is happening.

Personally, I have been looking into this in some detail, and perhaps there will be some news soon. 

[apogio]

In fact, all the AML analysis tools I know of break all privacy guidelines.
Those that eventually don't break this so clearly simply leave the person with more doubts than certainty about what is happening.

Personally, I have been looking into this in some detail, and perhaps there will be some news soon. 

Sure thing. The problem is that controlling (checking) bitcoin is much easier than checking cash bills. In fact, it's so easy that developing an algorith to do:

Code:

addressA = highRisk
if (addressB is anyhow linked with addressA) {
    then addressB = highRisk
}

the problem is:

(a) how do they determine that addressA is high risk?
(b) why does addressB need to know that addressA was high risk?
(c) why should addressB owner be any guilty for addressA owner?

[Forsyth Jones]

But, I thought it was good to let people know about this method, because it exists and if someone ever tells you to do that, if my opinion matters, I should warn you not to do it without having second thoughts.

In fact, all the AML analysis tools I know of break all privacy guidelines.
Those that eventually don't break this so clearly simply leave the person with more doubts than certainty about what is happening.

Personally, I have been looking into this in some detail, and perhaps there will be some news soon. 

In theory, it was created with the aim of catching bad guys who commit crimes by identifying the origin of the money, but in practice, it gives the state a lot of control to decide what is a crime and what  isn't, when it comes to financial transactions, how we should spend our money.

[joker_josue]

the problem is:

(a) how do they determine that addressA is high risk?
(b) why does addressB need to know that addressA was high risk?
(c) why should addressB owner be any guilty for addressA owner?

Exactly.
Just as you when you receive fiat you are not thinking about where the money comes from, whether something illicit or not, the same is said of bitcoin.

But they don't understand this, or rather, they don't want to understand.

We, in turn, have to try to understand what they think, assess the situation and act accordingly.

As I said, in the research I've been doing, in order to get an idea of this, now it's time to try to put it into practice (soon).

[dkbit98]

MEXC.

Deposited a small amount of BTC, account instantly frozen.

In few years that is probably going to be the reality of using most centralized exchange with bitcoin 
Even if you verify your account and complete KYC procedure they can always freeze your coins and account.

When you swap your btc coins to coins from another chain, any link is immediately broken.

It's not exactly broken, connection stays on exchange you used that can always get leaked, and maybe even on-chain if you used some cross-chain exchanges.

[Zwei]

MEXC.

Deposited a small amount of BTC, account instantly frozen.

In few years that is probably going to be the reality of using most centralized exchange with bitcoin 
Even if you verify your account and complete KYC procedure they can always freeze your coins and account.

isn't that already the reality? and it's actually only getting worse as time goes on.

looking back, one of the best things i did was delete my binance account when KYC became mandatory a few years ago.
thanks to that, i forced myself to completely disconnect from all that KYC/AML bullshit and learn where and how to exchange my coins more privately and securely.

When you swap your btc coins to coins from another chain, any link is immediately broken.

It's not exactly broken, connection stays on exchange you used that can always get leaked, and maybe even on-chain if you used some cross-chain exchanges.

that's true, but i think he was referring to the swaps @examplens did on splash.tf (assuming they keep zero logs).

[bitmover]

When you swap your btc coins to coins from another chain, any link is immediately broken.

It's not exactly broken, connection stays on exchange you used that can always get leaked, and maybe even on-chain if you used some cross-chain exchanges.

that's true, but i think he was referring to the swaps @examplens did on splash.tf (assuming they keep zero logs).

Even if that exchange keeps logs, they won't immediately send all logs of every user to all exchanges in the world.

When you convert eXch coins to USDT or whatever, you can safely send those USDT to any other CEX you want without any worries...

[examplens]

that's true, but i think he was referring to the swaps @examplens did on splash.tf (assuming they keep zero logs).

On Splash.tf, after the exchange has been completed, the "delete order" button appears, which most likely removes all details of the transaction. We can only assume that they do not keep any log.

Even if that exchange keeps logs, they won't immediately send all logs of every user to all exchanges in the world.

When you convert eXch coins to USDT or whatever, you can safely send those USDT to any other CEX you want without any worries...

It was a different case with eXch, because all their payout transactions came from the same address, and all their addresses had a name tag. So it was not necessary to be a high technical expert to recognise where the coins came from.

[s8n]

For anyone interested -- I have only just noticed -- eXch funds (bc1qcatv4gxq24z8hwt67sftjlnlm6dxnk04saz5zw) have already been moved and distributed across multiple wallets. Speculation is officially open as to what great means they will use them for.

On a side note, although the last activity here was a month ago, I still appreciate how active this thread remained in the months following the incident; at most exchanges, it would have gone dead quiet. However, eXch has managed to attract a community of privacy-enthusiasts, ultimately due to the remarkable job they have done. Cannot make everyone happy though. It is a shame no comparable service has emerged since.

[Pmalek]

For anyone interested -- I have only just noticed -- eXch funds (bc1qcatv4gxq24z8hwt67sftjlnlm6dxnk04saz5zw) have already been moved and distributed across multiple wallets. Speculation is officially open as to what great means they will use them for.

Don't worry. They will be used to protect our children and the elderly, but also to guarantee our basic human rights! Those are the coins that got confiscated when eXch got taken down, right? Luckily, various agencies have control over them and they are now "clean coins." They can stockpile them or auction them off. It's all very legit. But if you still hold eXch-connected bitcoin, know that they are "dirty." No reason to be sad about that. You too can have your bitcoin confiscated by a CEX and witness how they turn clean with just a few clicks. What a time to be alive. 

[LoyceV]

eXch funds (bc1qcatv4gxq24z8hwt67sftjlnlm6dxnk04saz5zw) have already been moved

Funds were moved to bc1qep8g692kr7hxf3a4sv5fuqmlqy00qtggshpuj7, but in a peculiar way:
First 0.001 BTC sending the change back, then 401.34671758 BTC (which was forwarded again).
Next, it received 0.001 BTC sending the change back, then 0.83559990 BTC (which was forwarded again).
Then it received 0.001 BTC sending the change back, followed by 8.32394521 BTC (which was forwarded again).

I've only seen beginners do a small "test" transaction to see if their wallet really shows it. I'd expect whoever is handling this to know what they're doing, so what could possibly be the reason to send a small test transaction (3 times!)?

[mrust_mobile]

eXch funds (bc1qcatv4gxq24z8hwt67sftjlnlm6dxnk04saz5zw) have already been moved

Funds were moved to bc1qep8g692kr7hxf3a4sv5fuqmlqy00qtggshpuj7, but in a peculiar way:
First 0.001 BTC sending the change back, then 401.34671758 BTC (which was forwarded again).
Next, it received 0.001 BTC sending the change back, then 0.83559990 BTC (which was forwarded again).
Then it received 0.001 BTC sending the change back, followed by 8.32394521 BTC (which was forwarded again).

I've only seen beginners do a small "test" transaction to see if their wallet really shows it. I'd expect whoever is handling this to know what they're doing, so what could possibly be the reason to send a small test transaction (3 times!)?

To be sure that he is not getting bamboozled by a trojan?

To see that if bitcoin network really works?

I sometimes turn the tap on just to see if any water comes out. It is magic to me.

I also look up into the sky whenever I hear something making a flying noise. A helicopter, a jet, superman? If it is flying it has my attention.

[apogio]

I've only seen beginners do a small "test" transaction to see if their wallet really shows it. I'd expect whoever is handling this to know what they're doing, so what could possibly be the reason to send a small test transaction (3 times!)?

Kind of reminds me of what happened with Silk Road's bitcoins that were seized in 2020.

It is rumoured and publicly said by the feds, that someone had been keeping Silk Road's funds for almost 7 years, when the authorities found him and he allegedly cooperated to hand over the private key.

Funny enough, the U.S. government's "specialists" sent a test transaction of 1 BTC before moving the entire load. It took them 5 minutes to test and send the whole batch.

Sources:
1. https://www.justice.gov/usao-ndca/pr/united-states-files-civil-action-forfeit-cryptocurrency-valued-over-one-billion-us
2. The test transaction: https://mempool.space/tx/0d13a52e3b640d05cdf31b41f335b327f126cb79d9eec1e2bc46556ef30a0b57
3. The second transaction: https://mempool.space/tx/3f036ff88bb851b57a1e28780dbce35a6457a8b57995c095b55b3b0cf48ba9fd

[LoyceV]

Funny enough, the U.S. government's "specialists" sent a test transaction of 1 BTC before moving the entire load. It took them 5 minutes to test and send the whole batch.

While sending a small amount to their new wallet, they consolidate all inputs on that address and send the full amount back to the original wallet. I can't think of any valid reason for this.