The perpetrators behind the scams often use techniques such as “peel chains”—in which crypto is broken into smaller amounts and passed through hundreds of wallets—and “chain hopping” to move assets across blockchains and currencies to mask their movement and origin, according to the complaint.
I just want to know what the desired end state is for such scammers: do the go for USD or stable coins or bitcoin or monero. Always wish they would provide more details.
In the last month or so tons of USDT were moved from other chains to Liquid. So much that Bitfinex ran out of Liquid USDT and Tether had to issue new tokens. Because Tether cannot freeze them - the transactions are confidential.
I just want to know what the desired end state is for such scammers: do the go for USD or stable coins or bitcoin or monero. Always wish they would provide more details.
Buy land/Lambo with bitcoins.
It's a shame they’re not saying which crypto got seized. Do you know if there's some specific reason they’re keeping it quiet?
99% of these scams are USDT on Tron.
I think it's mostly Melania meme coins 😀
😂🤣😅
tether. was revealed on ardoino latest pomp podcast interview https://open.spotify.com/episode/7ky4tASHmIih3SFAEwvKEp?si=CG0zEJCuTOufS9TumubRxw&context=spotify%3Ashow%3A0bn8XQHWGxXULjhp1jRmOJ
You got a legit source for that?
paolo ardoino said it himself
timestamp https://open.spotify.com/episode/7ky4tASHmIih3SFAEwvKEp?si=GiRePg-dSCWh4p4UR1Z74Q&context=spotify%3Ashow%3A0bn8XQHWGxXULjhp1jRmOJ&t=1464
Because they want to sell the shitcoins. If they say what shitcoin it is, it gets worthless.
What will happen to these seized cryptocurrencies?
I'm very curious about that...
In the last month or so tons of USDT were moved from other chains to Liquid. So much that Bitfinex ran out of Liquid USDT and Tether had to issue new tokens. Because Tether cannot freeze them - the transactions are confidential.
More budget neutral funds for the reserve.
What about the million 1MDB bitcoins Satoshi sent to Malaysia?
What about the missing 650,000 MtGox bitcoins? Why haven't they tracked them?