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/biz/ - Business & Finance

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9187220 No.9187220 [Reply] [Original]

Let's say you have 1m USD worth of stolen ETH
how do you end up with that money in your bank?

1. how do you launder?
2. can you pay taxes on it?
3. how can you use tricks to manipulate the kyc/aml by using privacy based coins?

for example, here is what I was thinking -

>buy an old XMR wallet that had like 5000 XMR back in 2014 (worth $5000 back then)
>convert all your ETH to XMR
>claim you moved your XMR between wallets and ended up with this amount of XMR

>> No.9187309

Me would not mind losing 40% since got for free so..

>buy low volume shitcoin with verified money
>pump coin with fake eth
>sell verified coins
>wait for price to fall back down
>repeat

>> No.9187333

>>9187309
Smart
do you estimate you lose around 40% from that?

>> No.9187428

> Sell ETH
> Buy Bitcoin
> Convert back to Fiat
> Put some money into bank. (Under 5k)
> Convert rest into XMR.

Why would you pay taxes on something you don't NEED to declare? Why would you declare it in the first place?

>> No.9187464

>>9187220
Fuck that, wait until banks no longer exist and all transactions are done crypto, no KYC

>> No.9188110

https://posatoshi.com

>> No.9188164

>>9187220
Payfair literally went live today lol
Try that

>> No.9189052
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9189052

>>9187464
Obligatory.

>> No.9189288

>>9187220
use a decentralized exchange