Vastaamo hacker traced via ‘untraceable’ Monero transactions, police says
Vastaamo hacker traced via ‘untraceable’ Monero transactions, police says
It sounds like they went BTC -> Monero -> BTC. It's not outlined explicitly in the article, but I am guessing it's the on/off ramping that got him popped.
Kivimäki has not pleaded guilty yet
Kinda fucked up they say "yet" and lead the reader to believe they're guilty
Lol, hard to believe that they really think this kind of misleading news can scare "big" hackers.
Could someone explain to me how he got caught?
Apparently, by being stupid. See https://lemmy.zip/comment/6851063
In essence, he got caught because he traded a certain amount of bitcoin for Monero and then traded a similar amount back? Wouldn't converting to Monero stop the trail right there? Would converting from Monero to Bitcoin in smaller quantities have helped him evade the authorities? How did using bitcoin let them track him?
What would people do if they want to pay in crypto but the service only accepts bitcoin?
KRP did not disclose the exact mechanism for tracing the Monero transactions, citing the need to protect sensitive investigative techniques that can prove invaluable in future cases.
of course... looks like more of the usual, nothing.
Meanwhile cryptocurrencies are still being created daily essentially printing money and this is ok with everyone. Monero just gives us a safe tool to use on the hostile internet and we are all criminals because we see the implications of a transparent ledger long term. I can't even make money on stocks trying to diversify from monero...everything is manipulated...but everyone is fine with this. House prices are a criminal rip off...everyone fine with this...some anxiety ridden runt trades some monero and holy shit...off with all their heads. But everything's fine...
Trad-Fi is a feeding trough right now.
Honestly, it's not that normies disagree with Monero's goals, it''s just still way too complicated for most normies to bootstrap into getting, let alone using. And I've tried showing people.
In the end local people resort to anything that is useful as a currency - fish, meat, eggs, veggies, skill--swaps - I'm down for that too.
It was more likely a phone call to the big centralized exchanges and a question about if anyone has exchanged a large amount of Monero lately.
The state runs on deception and intimidation, their technical capabilities are about 1/100th of what the public believes.
Disinformation alert. This person was dumb enough to have Bitcoin trade it for Monero and then trade it back to Bitcoin and send it to a centralized exchange. Monero itself was not traced. The amounts into and out of Bitcoin were traced, and then the person was dumb enough to send it to a centralized exchange to cash out. Stupid fuck.
Perhaps, you never know. it's a little hard to believe that someone with technical skills would fail like that. is it also possible this event was done like that so they could falsely claim Monero was traced? yes.
Later in the future I expect several fabricated events to make Monero look real bad in headlines, not just "traced"
What would you recommend? Just wait a few days between each tx?
Wait for ~4h, churn (send to your own wallet), repeat this a few times and then start to cash out (not everything at once)
First, dont demand bitcoin, second dont attempt to "cash out". I have my opinion on just how I would do this, but will not say.
Number one is do not use BTC or any other coin with a public ledger, this is not money.
The best thing to do is just use your Monero as money, buy things you need or want and pay people for services with it. You can also donate it to a good cause.