Quote from: Nwada001 on April 18, 2025, 11:50:21 AM

Quote from: Mrbluntzy on April 18, 2025, 11:37:22 AM

The exchange are doing so to protect their image too based on the government policies, I guess.
So, when they cease those coins, how sure are we that they will take it to the government?

We only assume, but we can't be too correct because we don't have internal access to the exchange. In cases where money which they don't trust is being deposited into an account either from a casino or mixer, in most cases the best thing for the exchange to do for them to free themselves from being used as money laundering tools is to return the money back to the address which it was deposited from down to the exchange.

I have not seen cases like that where the exchange returns the coins back to the depositors address, that's why I think that they are going to use it.

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Another thing that just popped in my head now is, what if after you deposited the Bitcoin because you needed some money and wanted to convert the Bitcoin to Fiat, but you later changed your mind and you decided to withdraw back the money to a newly created address, will the casino report that your address to be flagged?

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They can't have access to wherever you withdraw your money to, but if it's a case that warrants investigation, they will forward every single detail of how you converted the coin using their exchange to the right authority, which will give the authorities a clue of where to look and how to track the individual down.

Thank you for your helpful feedback, but if the coins was sent back into another wallet, will the exchange reports the wallet?

Quote from: Ethan_Crypto on April 19, 2025, 04:15:22 PM

I think many users aren't aware of this, and I’m sure many users don’t even read the terms of this exchanges

You can not be too sure.

Quote from: lovesmayfamilis on Today at 12:15:21 PM

Quote from: Mrbluntzy on April 18, 2025, 11:37:22 AM

Sometimes, after making such deposit, before the exchange detects it, you must have traded the Bitcoin to Fiat and withdraw it to your account, so what will the exchange do after you have already withdrawn the money to your account before they later found out that the coins was tainted?

How is this possible, OP? As soon as you deposit funds to the exchange, they are automatically checked by AML. If the exchange has any questions, your account is blocked until the circumstances are clarified. You must provide the sources of these bitcoins, be it a statement or a screenshot; in addition, the exchange will definitely ask you to provide documents. After that, you may be offered to withdraw your "dirty" bitcoins if you convince the support of your innocence, or the bitcoins are simply frozen, although I think this is completely unfair.
What to do next with your already marked in history, not quite clean bitcoins, you will decide on your own. However, it is highly unlikely that you will be able to successfully exchange your bitcoins elsewhere.

I don't know if it's possible or not, am just curious. I thought it will be possible to immediately trade it without them detecting it at that very moment that the deposit just arrived. Thank you for the reply.