Quote from: franky1 on Today at 07:06:31 AM

Quote from: Accardo on February 13, 2022, 09:18:36 PM

I don't understand the aspect you translated the meaning of the phrase. But, I think once a transaction gets confirmed on the blockchain, and the ID is available for everyone to access the Government can trace the transaction through some FBI tools. If a fund is not moved they won't be a way for the Government to know that such a huge amount is been disseminated on different wallets such that it can be changed to fiat. I don't think any criminal will ever hodl bitcoin without changing it to fiat. That's what I meant by that.

they were not caught because of any ID on the transaction/blockchain.

they instead gave away their ID on an exchange. .. and deposited coins into the exchange. where the exchange connected the two pieces of information. and the exchange reported them for suspicious activity

so yea, if you are converting to fiat. that part is the fatal flaw which can identify you being linked to crypto.

because any business offering fiat exchange services have to abide by fiat exchange regulation.. no matter what asset/currency is being exchanged for fiat

So true. If they didn't give out their identity to an exchange, they won't have been caught.
Scammers are now using bitcoin as an escape route not to be traced.
This is a job well done by the FBI. This kind of news will put fear into scammers when they fully know that can hide for so long from the FBI, that one day the FBI will catch up with them.
If the FBI continue grabbing this fraudster it help to curtail the number of scammers in crypto.