alt Hacker NewsConfused how this can’t just be tracked. Pretty hard to hide billions in bitcoin when most off-ramps need KYK?
What am I missing ?
Replies
CorpoZoomie • today at 12:35 AM
Swap to XMR on a DEX, then juggle between a few wallets and you've got pretty good obfuscation, but yeah like you said, the off-ramp (FIAT) requires KYC in 99% of cases, which is why BTC -> XMR -> BTC is a good idea, obviously you'd fragment this through a LOT of wallets, or just keep it in XMR. Either way, keeping this type of money in crypto is pretty much your only option, you just need to obfuscate REALLY well.
knuppar • today at 12:23 AM
tornado cash?
edit: I suppose it would be hard still. You can get anonymity inside wallets with Tornado Cash but then to turn that into actual money it will be very dependent on the country
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They can track it just fine. It goes straight to North Korea.