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159 sats \ 4 replies \ @siggy47 21 Nov 2022
Interesting that this guy swapped his wrapped bitcoin for real bitcoin. I wonder what his next move will be. An atomic swap into monero?
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230 sats \ 0 replies \ @Tenuki 21 Nov 2022
I'd imagine coinjoin the hell out of it...
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250 sats \ 1 reply \ @nerd2ninja 21 Nov 2022
Does monero have the liquidity to absorb all that price action and still keep him anon? If privacy is about hiding in a crowd, monero seems like a small crowd. Maybe he'd be better off with a coinjoin (of multiple coinjoin pools) into a submarine swap on lightning. Taking into consideration denominations and all that of course. Then probably sell for cash or gold on the p2p market.
That all being said, with a big enough amount of money, no technique will keep you safe. If the IRS sees lots of new fancy toys, they're gonna swarm every aspect of your life with investigators.
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193 sats \ 0 replies \ @scampy 21 Nov 2022
Yep. The hacker alledgedly made off with something to the tune of $500m, while Monero's marketcap is only about x5 this lol
If I were the hacker, I'd just leave the stolen funds sitting in Bitcoin for now. It will be safer to move the funds in future when the network has grown more: P2P circular economies, larger CJ pools, better Lightning liquidity and privacy, etc.
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0 sats \ 0 replies \ @iguano 21 Nov 2022
Being out of ethereum gives him a whole world of options, ethereum is a privacy hell
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