So even the providers of these services cooperate with the authorities and payments may not be processed if they are on the OFAC list, yet they are mixing services.
Yeap, I guess that probably that was mentioned in
FIOD article under the point about KYT policy:
In the case of Sinbad.io, more than 50 percent of all mixed cryptocurrencies were found to have a criminal origin. In the case of Sinbad. io, there are no measures in place to implement and enforce a Know Your Customer (KYC) or Know Your Transaction (KYT) policy.
Of course we don't support criminal activity in Bitcoin or crypto, but according to the Chainalysis data
just 0.12-0.24% of Bitcoin transactions is probably related with crime; and as for Bitcoin mixing, then
more than 90% mixing is made by law-abiding people. So if mixers don't let to use their service for those who stole money by hacking different projects etc, most of mixer users will even not find that out ever.
Okay numbers are funny and can be played with. But here goes.
sinbad.io handles 100 coins a day supposedly 50 are “hot” coins.
If true it is a real issue. Unfortunately we will never see the paperwork that proves it.
So theymos choose a safe path for now.
I lost $1111 a month as I just agreed to a deal with a new mixer.
I have to end the deal in a month vs 6 months.
I was donating around 150 a month to some forum members
via my diff prediction giveaway
and to talk img
and to a writer of bitcoin history from 2009 to 2024
lastly to johne mempool as it helps people avoid high tx fees.
all gone for now.
My issue is not with theymos. my problem is with the accusations that 50% of the coins in sinbad were bad.
I also know us law will not reveal the proof. until the trial.