alt Hacker NewsThey deposit the coins into organisations that mix coins from various customers. Its just like a bank. You deposit a fake/stollen 100$ bill one day and, if they accept it, you can withdraw a totally different 100$ bill from an ATM the next day.
Replies
smnc • today at 10:51 AM
I never actually understood the whole "bitcoin mixer" scheme. Shouldn't all all the transactions still be traceable in the end?
➕ show 3 replies
is_true • today at 10:52 AM
Is that something that is actually needed for something or just money "laundering"?
➕ show 1 reply
But then in turn I'm surprised that states haven't yet sanctioned the mixers themselves. I understand there's no proof that they might not also mix legitimate funds, but I wouldn't have expected this to be a big hindrance given that everyone seems to know that most of their use is for money laundering.