Quote from: bartolo on May 23, 2017, 10:15:37 PM

Quote from: deisik on May 23, 2017, 07:49:09 PM

Quote from: ViceOfBTC21 on May 23, 2017, 01:19:10 PM

Quote from: deisik on May 23, 2017, 07:45:17 AM

Obviously, they don't need to launder all that amount at once

Moreover, even if some mixer could process that many bitcoins (which is not that many really, to tell the truth), it simply doesn't make sense to dump all these coins all at once unless the hackers are 100% certain that they won't be soon parted with their "hard-earned" and "well-deserved" bitcoins. If they are not so sure (which might well be the case), it would make sense to divide the spoil into small portions and launder them separately and cautiously. Other than that, they might not be interested in cashing out altogether

For example buying $50 Monero for BTC in one round and selling them later for bitcoins. Repeat every week and discharge on exchange slowly. 100% guarantee of anonymity, but it works only if you have bitcoin business.

Well, you seem to be missing something here

Or maybe it is just me. So how are you going to buy Monero if your bitcoins are tainted? By tainted I mean the bitcoins that come from the wallet which the victims of this ransomware have been sending their monies to. There is no guarantee that your bitcoins won't be confiscated when you try to buy something with them. Indeed, you can sell them off the market to someone unsuspecting, but by doing this you will just expose them to the same risk of having their coins taken (though the hackers wouldn't give a fuck about that, obviously)

Even if they were fast enough to avoid confiscation they would be leaving a trail. The IP with which they would register and connect in the exchange, the operations made and bitcoin address to which they would make the withdrawal later

I'm not sure of that

I don't really know the gory details of how truely anonymous coins work (and how exchanges work with them either), but as far as I understand it, once you withdraw to Monero wallet all traces are effectively lost since when you transact with coins built on the Cryptonite algorithm, you can't trace the wallets in the same way like you do with Bitcoin transactions and wallets. In other words, the Cryptonite network itself works as a coin mixer of sorts. Regarding IP's, you just use a VPN and get done with that