/biz/ - Business & Finance

https://cointelegraph.com/news/finnish-authorities-traced-monero-vastaamo-hack

Forgot link

lock yourself in your house and burn it down. post pictures of your flesh melting from your hands

>>57434187
They probably had info of some xmr addresses beforehand, thus being able to track it

>receives 100 btc hacker funds
>swaps to 100 btc worth of monero
>sends shit tonne of monero to binance
>swaps back to 100 btc
>sends out the btc

CZ goes
>hello ser that was a lot of monero
>mind giving your view key or u go to jail?
>ok
>pekka u go to jail

there's your "on-chain analysis"

>>57434239
that‘s speculation, only the hacker probably can tell us how exactly he fucked up.

>>57434228
I thought ring signatures, RingCT and stealth addresses make that kind of analysis impossible, even if you have a log of addresses. That is how it is advertised anyway.

>>57434246
he used monero assuming it was private

>>57434187
He was busted on the exchange level most likely. With IP adressess even the Non KYC exchange is a link to you for law enforcements. And nearly all crypto exchanges work together with law enforcement.

>>57434246
They always fuckup in some way, no anonymous tech will save you from your stupidity. These hackers seem to be getting more retarded each passing day.

>>57434255
>>57434255
They can see where you sent xmr to from centralized exchanges, if they know the identity of the receiving address and compare that with the centralized exchwnge one then a match can be made

However i think the 100 btc to xmr example is the correct scenario on how this retarded nigger got caught. He shouldn’t have sen the bulk of xmr to binance to change, rather do that in fragments and over larger period of time

>>57434281
Even if you have a 100% secure and anonymous system the bit that puts you at risk the most is the thing between the seat and the keyboard.

>>57434228
>>57434284
According to article the hacker did this:
>victim sends 40 BTC to wallet
>BTC transfer to non KYC exchange
>swapped for XMR
>XMR transfer to private XMR wallet
>XMR transfer to binance
>XMR swapped for BTC on binance
>BTC transfer to various wallets then hackers bank account
There are at least two XMR transfers in that chain. Even if the pigs knew the XMR address that originally received the funds and its IP address, how did they continue following it after that?

>>57434346
It's EAE, the step where XMR is swapped back for BTC, we have 39.99 BTC. Better yet, because it was ransom, the amount was probably even higher that rang alarms as soon as the deposit arrived.

>>57434346
If the idiot moved the whole thing to binance at once right after washing through Monero, then they'll stick out in an analysis of records. Narrowing things from one in a million to one in ten thousand is a serious cut in efforts. Someone who is that careless would have been fucking up in other ways too. They may have even had Julius on their radar already.

If you're ever washing coins, time and spread are your friends.

Opsec issue they didnt crack Monero
None of the glowies can, obviously they have backdoor to every single device you have and can get you that way but they cant see whats in monero transactions or who wallets belong to

>>57434386
>>57434379
>>57434346
>>57434284
All this is cope, this means Monero is just another shitcoin with no utility if it can still get tracked

>>57434246
from what i read he was changing the exact same amount

he upload his home folder while releasing patient info

like getting 0,18728127381237817 xmr
go to excahnge and change 0,18728127381237817 to eur

i mean thats no proof but enough to have cops showing up your house and check it

>>57434396
He only got wrecked because he swapped back to BTC. People who hold and spend XMR directly do not have this problem.

>>57434187
trying real hard with the 'fear the government and its mass surveillance state, it will crush you' etc psyop.

The failure is the exchanges. The exchange kept a record of the receiving monero account on the non-compliant KYC exchange, kept the record of the destination personal monero wallet. That wallet was probably then flagged and a request set out to all coin exchanges to return info on that wallet. That wallet then exchanged for bitcoin (stupidly), which was then used to hit him.

Launder your monero through a few accounts before trading for btc and do so in smaller transactions which aren't notable in size.

>>57434187
>receives BTC
>cashes out BTC of equal amount
>gets caught
>oh fug bolice tragged le moneros :DDDDD
These criminals have the intelligence of a two year old.

>>57434396
Bitcoin's lightning network is unironically better for privacy (if you are the sender) because there is no blockchain that exists forever (kek), and Cashu (L3) is even better as it's real Chaumian e-cash.

>>57434419
Most smart people have better ways to make money than committing crime. You only see smart criminals in deeply dysfunctional economies.

>>57434386
>time
this is where people fuck up also with other things (like speculation on market prices). you have to take your time (a lot of it) and be patient.

>>57434416
this
The whole point of crypto is to build a parallel ecosystem anyway

>>57434391
>Opsec issue they didnt crack Monero
basically this: >>57396727

>>57434386
If the he sent all his XMR and the amount was known from non-KYC exchange, then it is not even one in ten thousand, they could probably pinpoint the exact account right away.

>>57434187
It's like one of those "LE DARKWEB GOT HACKED!!!" news articles when some guy used his darknet identity on reddit.

>>57434418

>trying real hard with the 'fear the government and its mass surveillance state, it will crush you' etc psyop.
Based and COINTELPro pilled
Lemme break the intelmarkers down for anons who might be lurking

> Jan 22
Jan is 11th month in Julian Calendar
Jan 22 = 11.22
This is a Marker for a false flag.
Look up the date on which JFK died (but in Gregorian calendar)

> demanded 40 Bitcoin
40 Days of rain
Symbol for intel house cleaning.
A marker for the usual suspects.

> exchange for not publishing records of over 33,000 patients
> 33
> 33
> 33
LMAO
Someone pissed off the wrong guy.
http://ancient-spooks.de/symbols/number-33.html

Date of Tweet = January 19, 2024
or 1.19 in Gregorian calendar.
911! what is your emergency?
http://ancient-spooks.de/symbols/number-911.html

>>57435327
MEDS. NOW.

>>57434187
you can track metadata. they probably didn't use vpns + tor.

>>57434187
The reason I never saw much promise in anonymous coins is that they aren't common currency, so you need to convert to something else so you'll still be identified at the off ramps.

>>57435327
/x/pilled reply!
I knew some fuckery was going on when I read that article on r/monero
Thanks for confirming my suspicions.
That website is based as well.
Looks like you woke up a couple of glownogs with your reply.

>>57434396
if it is a shitcoin with no utility, why is it used more than Bitcoin on dark net markets?

>>57436440
it is untraceable, if you use it correctly. the person that got caught probably used javascript enabled browser, enabled cookies, didn't use any vpn and tor. used bad opsec for all things that can identify you outside of the transactions, the mere fact that he went to binance while it is KNOWN CZ is now cooperating with the fed and analyisis companies to stop "money laundring" should have been enough of information for that retard hacker to not go there to "cash out", cashing out to a bank account in itself is completely retarded too.

>>57434346
why didnt he just do the multi btc transfer in the non kyc wallet?

>>57436438
>woke up a couple of glownogs
Yea, I realized I am not on /pol/ anymore.
Eitherway, they either try to demoralize anons with the schtick of meds or use adhominems to poison the discussion.
http://ancient-spooks.de
is a compendium of all kikery, fuckery and langleyery. So it is very useful to discern shit that is spread in every news cycle.

>>57436496
Reading that now.
Don't get demoralised and continue the good work.

>>57436463
the person was already caught.
feds just worked backwards using KYC info.

>>57434255
I missed it but my colleagues (work in crypto) got to see some talk with some big dick professor in cyber security shit where he showed everyone how Monero tx can be traced. Wish I was there because while they were all shocked none of them could explain it to me properly. From what I gathered not every tx can be fully traced but a lot can.
. The talk was sponsored by a former Monero lead dev btw, so they are aware of this. They just typically don’t say anything about it for obvious reasons. I know people will call me a LARP because of how ambiguous my statement is, which is fine. But this did happen.

>>57436601
lol fuck off larp nigger.

>>57434396
you're the one coping trying to associate terrible tradecraft with a software problem
I can give you the best gun in the world and you can still shoot your own foot out of sheer retardation

look, this guy >>57434421 is a total fucking retard that knows NOTHING about privacy, saying shit like LN privacy as if it was a thing, just an absolute fucking drooling retard who would get caught 5 minutes into doing anything frowned upon by the feds
the only privacy solution for bitcoin is samourai and sparrow's whirlpool
nothing else

>>57436601
>my dad works at Monero and he said they can trace most transactions. I don't have any proof or even details that you can look up, but just trust me bro
seriously what is the point of this

>>57436830
2 questions for you, if you have the time:
What are op sec best practices to go along with XMR?
Are there any optional XMR features to use that will give additional protection, that are not turned on by default?
I'm not doing anything illegal I just value my privacy.

>>57436496
Gematria is like tarot cards, you can read whatever you want into them. I'm sure you can take any number at all and translate it to a suspicious sounding Latin or Hebrew phrase, not just 33 and 911.

And why would someone deliberately code messages into the numbers in a random news article about XMR? Who is the code meant for, and why is that the best way to send their message? These seem like pretty obvious questions to most people.

>>57434189
>>57434189
xmrcucks on suicide watch

>>57436927
>What are op sec best practices to go along with XMR?
don't use KYC
watch breaking monero
familiarize yourself with poisoned outputs
If you just don't use KYC then you are pretty much fine.

The absolute state of (((journalism))).

Jesus you guys are such OPsec brainlets. Total idiot baggies ITT except this guy >57434386

X BTC —> Y XMR —> X BTC is obviously going to stand out as a transaction. I’ve had to explain this shit to you guys so many times when explaining why Zcash isn’t traceable (retards here will think tracking a z->t->z transaction means it’s not private. No cryptography can protect you from being a retard.

>>57434187
Monero shills never seem to get that you're only as private as the weakest link. There is no way to cash out without giving yourself up. Unless you're willing to spend a decade buying gift cards over a VPN.

>>57438489
just buy cash / drugs // .. from darknet retard

>>57438489
>>57438504
and check my fukkin id retard

>>57438504
I don't like drugs, I'm not a degenerate. And I could just keep the cash I have rather than buying Monero, then selling it for cash at a premium, since the price is stable anyways.

>>57438373
Zcash is jewish and will not survive the crypto collapse.

>>57438504
and of you're buying cash/drugs your still giving your address to the dealer/market

>>57438520
Wasn’t even endorsing it you hyper sensitive retard. I was using it to point out how low IQ most of you are

>>57438516
p2p it
lol idk why its a problem cashing in monero you just happened to have mined a decade ago or something

>>57434386
>one in ten thousand
It was a multi million dollar XMR transfer to binance, it was a 1 in 10 or less

>>57438530
you do?

alright, without being a gatekeeper, what’s the quickest and easiest way to cash out of xmr then while staying beneath the radar?

>>57436487
That's a million dollar (or should I say 40 BTC) question. Why, indeed :D

>>57438373
>X BTC —> Y XMR —> X BTC is obviously going to stand out as a transaction
Only with kyc metadata you mongoloid. The exact same issue would happen with zcash. But it would be even worse because nobody uses zcash so there is no herd to hide in. Also it's backdoored.

>>57438577
No liquidity & shit rates. I'm taking a massive haircut to move 100k through p2p

>>57439081
>Only with kyc metadata you mongoloid
Nope

>>57439081
And yes, the same issue would happen with Zcash… that’s exactly what I said, idiot.

>>57434187
Monero can't help you if you use it wrong!

>>57439921
The only way a BTC to XMR coin swap is visible is through either kyc or a compromised coin swap website. Either way it requires kyc and the usage of Bitcoin. What are you even talking about?
>>57439941
You said you have explained that "zcash isnt traceable". Which is inaccurate, misleading, and completely wrong.

>>57437001
>These seem like pretty obvious questions to most people.
Yeah so try to answer them. They're only rhetorical questions to midwits.

>>57439983
>The only way a BTC to XMR coin swap is visible is through either kyc or a compromised coin swap website
Dont be dumb. I specifically said BTC->XMR->BTC swap. Which ends up being nearly if not exactly as traceable as BTC.

Regarding Zcash, XMRtards like to supply a link from chain analysis saying 97% of shielded transactions are traceable. I was referring to that, they’re only ‘traceable’ when it’s used like as a passthrough, similar to the aforementioned transaction.

And z2z transactions in Zcash have better anonymity than monero, so no it’s not exactly misleading. No one has cracked a z2z yet. The only traceability comes from bad OPsec, just like we likely see here as I’ve been stating.

>>57440334
>Which ends up being nearly if not exactly as traceable as BTC.
total nonsense.
Swapping from Bitcoin and Monero only nets a poisoned output if the individual is using KYC.
Then, and only then, the only way to trace that poisoned output is if that same individual goes back and uses KYC again. AND, even if they do use KYC again, that individual will have plausible deniability on their side, making this association questionable at best outside of other metadata that could be used against them. There have been literally hundreds of thousands of Monero transactions in dark net markets, and so often this involves people who have used Monero as a middle currency. Your implying that using Monero is no different than using Bitcoi, which is objectively BS and shows you have an agenda to shill your sad Ztranny bags.
>I was referring to that, they’re only ‘traceable’ when it’s used like as a passthrough, similar to the aforementioned transaction.
or timing analysis.
or ip address analysis.
or if they use KYC (not as a pass through).
or that fact that it is likely backdoored. their early investment and cucked mindset of how they view KYC is more than enough proof. Created in Israel. Openly leftist. etc.
>And z2z transactions in Zcash have better anonymity than monero
Dark net markets are completely dependent on fungibility and they completely ignore Zcash because it glows.
And worst of all, Zcash has objectively worse privacy even if z2z is better because nobody uses Zcash, and therefore on top of everything else I have already said, your empty blocks will leave your z to z transaction sticking out like a sore thumb. So yeah, enjoy your z to z transactions, because nobody else is and therefore there's no herd to distract observers looking at the blockchain.

>>57440414
your dumb and straight up wrong. B->X->B ends up being practically as traceable as BTC. Not reading your cringe textwall regarding Zcash, you guys are obsessed

>>57440414
To be clear in case you’re misunderstanding me, I’m talking about doing the swap relatively instantly. Recurve X BTC, swap for Y XMR, swap Y XMR for X BTC. This timing attack is nearly renders the process nearly as traceable as BTC.

>>57440838
>A one and 16 chance at being the same monero output is "practically as traceable as Bitcoin".
Lol
>Not reading your cringe textwall regarding Zcash, you guys are obsessed
Why would we be obsessed? Nobody uses zcash.

>>57440880
DUDE, I’m talking about the complete transaction. From start to end point. BTC->XMR->BTC. If you do these transactions immediately after one another, it’s extremely susceptible to a timing attack and will be quite apparent in the BTC chain that the outputs probably belong to the same person that the inputs did. This is basic stuff.

>>57440911
1.person with kyc bitcoin goes to a coin swap exchange.
2. they send bitcoin to the exchange and get Monero sent back to a monero wallet.
3. The coin swap exchange marks the output in this transaction and will monitor all future Monero transactions for that output
4. later, a KYC exchange receives a request to swap Monero for Bitcoin by means of a transaction with a ring signature that contains that marked output. the output is one of 16 ring members.
5. that Monero is turned into Bitcoin.

step 4 is not "practically as traceable as Bitcoin". The KYC exchange will be able to see that an input in the ring signature matches the output noted in step 3, but how will they know if this is a real spend or a decoy? They don't know that. So no, you are completely wrong.

>>57434346
this is hilarious lol

>>57441071
Ok, I honestly think you’re just too dense to understand but I’ll try one more time. Imagine a narc gives you exactly $100. He’s recorded all the serial numbers on the bills or something and so you need to anonymize it. So you put that money in a magic anonymous ATM that anonymizes it perfectly and will spit out unassociated cash. So you withdraw exactly $100 from the ATM.

Hopefully as you can tell, it doesn’t really have anything to do with the ATM or XMR. Someone watching the inputs and outputs and timings of the ATM can easily deduce that the money you’ve withdrawn is associated with the money initially input. In this way your privacy is reduced to being roughly equal to BTC.

>>57436601
i was at the conference and they also talked about how u r a dumb dumb doo doo poo poo pee pee man

>>57441071
It’s not monero that’s the issue here that you seem intent on focusing on (brainlet, ape vision, etc). It’s BTC, and the nature of using an anonymizer as a passthrough. It’s irrelevant to XMR’s specific implementation to achieve anonymity, it’s the input and output transaction with BTC that leaks all the metadata. It’s just a complete lack of OPsec

>>57441331
Explain to me how a chain analysis company can look at a ring signature and determine which ring member is the the real spend and not a decoy at a level that is practically at the same level as Bitcoin.
You are dumbing it down as just ""watching inputs and outputs and timings" without taking into consideration how ring signatures function to deter such simplicity.

>>57441497
7 Apus stand in a room
1 farts
that's ring signatures

>>57441497
Keep in mind you claimed that "X BTC —> Y XMR —> X BTC is obviously going to stand out as a transaction", which makes absolutely no sense.

>>57434187
>find no solid evidence
>biggest court case in the history of the small country
>investigators' pressure piles up
>can't just let it go without someone getting locked up as the evil hacker mastermind
>throw a Hail Mary and claim they've broken Monero
>no one in the court will have any clue how to handle this evidence, just like it has been so far

>>57434187
pedos quaking in their boots right now, kek

>>57440414
>Openly leftist
Very interesting. Source?

>>57438736
Bisq houdini tornado it

>>57437001
>And why would someone deliberately code messages into the numbers in a random news article about XMR? Who is the code meant for, and why is that the best way to send their message?
“The quality of education given to the lower class must be of the poorest sort, so that the moat of ignorance isolating the inferior class from the superior class is and remains incomprehensible to the inferior class. With such an initial handicap, even bright lower class individuals have little if any hope of extricating themselves from their assigned lot in life. This form of slavery is essential to maintaining some measure of social order, peace, and tranquility for the ruling upper class.”
― Milton William Cooper, Behold a Pale Horse

Not all are worth saving.
Good bye!

>>57441497
They don’t even have to look at ring signatures. That’s why in the example I just used a hypothetical cash mixing atm as a black box.

>>57444536
Then what would they "look at"?
How would they know somebody had swapped from Monero to Bitcoin? What would, as you say, make this swap "stand out as a transaction"?
You can't explain any of this.
At the beginning of this thread I said that only KYC metadata is how this can be resolved, which you retardedly rebuked. So are you admitting you were wrong?

>>57436601
What is NDA you larping nigger

>>57436601
>LE being unable to trace Monero has many sources
>LE being able to trace Monero has the source of "trust me bro"
Yea, I think I know which side to pick.