Lazarus Group laundered $200M from 25 crypto hacks to fiat
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Lazarus Group laundered $200M from 25 crypto hacks to fiat
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Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#2I'd imagine it's pretty easy, too. You've already got the assets in a poorly-accountable and liquid state - now all you need is a chump to unload the bag on. Almost makes you wonder how many cryptocurrency influencers are in the pocket of sanctioned nations...
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#3many of these services do not exist anymore (chip mixer) or increased security (sanctions on Tornado cash, more KYC, better chain analysis).
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#4[deleted]
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#5I'd imagine it's pretty easy, too. You've already got the assets in a poorly-accountable and liquid state - now all you need is a chump to unload the bag on. Almost makes you wonder how many cryptocurrency influencers are in the pocket of sanctioned nations...
> makes you wonder how many cryptocurrency influencers are in the pocket of sanctioned nations
That's a wild thought that hadn't occurred to me.
With increased KYC and tamp down, where does this money go next?
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#6I'd imagine it's pretty easy, too. You've already got the assets in a poorly-accountable and liquid state - now all you need is a chump to unload the bag on. Almost makes you wonder how many cryptocurrency influencers are in the pocket of sanctioned nations...
And if any of them even realize it.
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#7I'd imagine it's pretty easy, too. You've already got the assets in a poorly-accountable and liquid state - now all you need is a chump to unload the bag on. Almost makes you wonder how many cryptocurrency influencers are in the pocket of sanctioned nations...
> I'd imagine it's pretty easy, too. You've already got the assets in a poorly-accountable and liquid state
Alright, so walk me through it because I don't see how it's easier to wash than other ill-gained funds like cash.
You robbed someone and now you sit on $200M worth of Bitcoin. How you unload them so you have cash you can use, when every transaction is traceable and any exchange willing to trade for those amounts do KYC and follows AML?
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#8I'd imagine it's pretty easy, too. You've already got the assets in a poorly-accountable and liquid state - now all you need is a chump to unload the bag on. Almost makes you wonder how many cryptocurrency influencers are in the pocket of sanctioned nations...
> I'd imagine it's pretty easy, too. You've already got the assets in a poorly-accountable and liquid state Alright, so walk me through it because I don't see how it's easier to wash than other ill-gained funds like cash. You robbed someone and now you sit on $200M worth of Bitcoin. How you unload them so you have cash you can use, when every transaction is traceable and any exchange willing to trade for those amount…
You run the bitcoin through mixers/online exchanges into monero/zerocoin and then to wherever to get out with fiat.
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#9Note that this has nothing to do with the FreePascal/Lazarus project…
Re: Lazarus Group laundered $200M from 25 crypto hacks to fiat
#10Earlier quoted context omitted.
> I'd imagine it's pretty easy, too. You've already got the assets in a poorly-accountable and liquid state Alright, so walk me through it because I don't see how it's easier to wash than other ill-gained funds like cash. You robbed someone and now you sit on $200M worth of Bitcoin. How you unload them so you have cash you can use, when every transaction is traceable and any exchange willing to trade for those amount…
You run the bitcoin through mixers/online exchanges into monero/zerocoin and then to wherever to get out with fiat.
you still have to do the actual laundering at some point. just because you have $200 million now in monero (which you also need to get to first) doesn't mean you can just transfer them to your bank account. exchanges will KYC you for that, and you will definitely get flagged for a source of wealth / source of funds check to prove where you got it from