This is in connection with the recent Bybit hack, where they reportedly lost $1.5 billion. Shortly after, an article came out titled...
Bybit Funds on the Move, Could be Headed for Bitcoin Mixers ‘Next’: Elliptic
As you can see, they used the word "could," which means there’s no confirmed result yet on where the money will actually go. It’s like they’re implying that in any illegal activity, including this hack, the hackers will automatically launder the funds through a mixer to cash out, making it harder to track.
No wonder mixers have developed a bad reputation. Even though they’re meant for privacy, illegal transactions like these overshadow their legitimate uses.
Thoughts.....
I don't think mixers were made for shady stuff–they're like about keeping my money private which feels super important these days with everything online. To me, the problem isn't the mixer itself, it's just how some people use it. It's like VPNs or encryption or even Tor, i love how they hide my tracks but yeah, they can be used for good or bad. I get why that's tricky. I just wish we could figure out how to stop the crooks without tossing out my right to keep things private. I mean, I'm not hurting anyone–I just don't want everyone snooping in my wallet, you know?