Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering
Dear Mike,
I'm glad I was able to find you on this site. I've been having problems with your applications.
Firstly, I made a 1 BTC transaction on your bitcoinlaundry.com site. The fees were deducted, but I was simply relayed the BTC with no hops for obfuscation. I don't mind making a donation to you on a 1 BTC transfer, but the site provided no utility.
Hi there.I'm glad I was able to find you on this site. I've been having problems with your applications.
Firstly, I made a 1 BTC transaction on your bitcoinlaundry.com site. The fees were deducted, but I was simply relayed the BTC with no hops for obfuscation. I don't mind making a donation to you on a 1 BTC transfer, but the site provided no utility.
bitcoinlaundry.com is a *very* simple mixer. Your BTC in is one hop, other BTC out to the address you provide is a second hop. There are other mixer services that use multiple wallets, but mine don't as yet.
Quote
Secondly, I tried a 1.42 BTC transaction on your app.bitlaundry.com application. I sent it to two addresses, with one transaction per day, and a 1-day timeframe. Therefore, under your site's calculus, I should have incurred a fee of approximately (1.42 BTC*.0249)+2 outgoing transactions * (.009 BTC) = ~0.05BTC, and I should have received the balance at the two addresses provided.
Instead, it has been 24 hours and I have yet to receive a notification of a pending transfer to either address, let alone any confirmations.
Please see this image, which serves as proof that I sent the 1.42 BTC to the temporary address you provided, and that you have already transferred the money out from that address as well.
I know that you have a positive reputation and a posting history on this site, so I hope that you can help me rectify this situation. If you would prefer to do so via PM or email instead of a public forum, feel free to PM me a response, or shoot me an email.
Thanks much,
q6
Instead, it has been 24 hours and I have yet to receive a notification of a pending transfer to either address, let alone any confirmations.
Please see this image, which serves as proof that I sent the 1.42 BTC to the temporary address you provided, and that you have already transferred the money out from that address as well.
I know that you have a positive reputation and a posting history on this site, so I hope that you can help me rectify this situation. If you would prefer to do so via PM or email instead of a public forum, feel free to PM me a response, or shoot me an email.
Thanks much,
q6
Without trying to do the time zone gymnastics required to sort out the various logs and such, I do see:
txid 8463aebf3aca1fa4ace80802f66fb03aa4142969a54a0989432406775ea7c969
and
txid 0cc5fdce435249c548a38abe49c3695039984bd22fa5f0f21bc2ca926c594785
which are the payments on your scheme. These were issued at around 17 and 20 hours after your funding transaction reached 10 confirmations. I think this translates to approximately 1 and 4 hours after your message here, respectively
The 1.33... transaction from your scheme address went to a different user, which is kinda the whole idea.
I saw mention from Gavin (https://bitcoinfoundation.org/blog/?p=135) that some transactions in the past week have taken extra long to confirm due to the network transaction volume sometimes exceeding the 250kB/block size limit, so this may have added some delay to your scheme. I try to minimize my logging, so I can't tell exactly, but it looks like your tx took about 2.5 hours to reach 10 confirmations.
All good?
Peace,
Mike