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Topic: Samourai Wallet seized by the feds - page 6. (Read 1755 times)

legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
April 25, 2024, 06:23:10 AM
#49
This is just a logical continuation of what has been happening for some time, and it is no secret that mixing is a big thorn in Big Brother's side. Therefore, I don't understand why anyone who provides such services still hasn't realized that it shouldn't be done right in front of them, regardless of what someone says that it doesn't really matter where you are if "they" want to find you.

Given that I see that the Russians are mentioned in the context of this story, will the feds do something about the USDT issue, given that there are allegedly serious indications that the Russians are avoiding sanctions in this way?
hero member
Activity: 854
Merit: 1031
Only BTC
April 25, 2024, 06:21:27 AM
#48
I'm curious if someone really affected here like their funds got locked because there are ways to withdraw your funds from Samourai wallet, I hope some will be able to do it.
Funds cannot be locked or confiscated in a self custodial wallet, as long as you have correctly backed up your seed phrase, you can import your wallet into another software and gain access to your funds.
We can't say because privacy is good for us that everyone in the world will use it right, samourai wallet is a dangerous piece of technology if it gets into the wrong hands, so I like the fact that they made it stop, o my God knows how many bad people have use its features for their own reasons.
We should also ban the internet, because bad people use it to scam and hurt others, and we can also go ahead to ban banks and cash, because people use it to launder money and store illicit funds. BTC and privacy solutions are tools, just like every other tool out there, and it should not be banned because some bad people use them.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
April 25, 2024, 05:54:00 AM
#47
But we also have to note that they were the ones who put themselves in the sights of the authorities:


They invited Russians who were being penalized by the authorities because of the war to use their services to evade the sanctions. Without a doubt, it was a matter of time before the authorities caught up.

And it's just one of some controversial things they did on social media. I remember they also picking fight with Wasabi Wallet, criticize few Bitcoin mining pool, criticize law on few country and others.

--snip--
Just get a Monero wallet and start using Monero. Why do we have to care about coinjoin/mixing services?

Because Bitcoin is accepted on more places (when compared with Monero)?
legendary
Activity: 3234
Merit: 2420
April 25, 2024, 04:37:40 AM
#46
[ img width=700]https://talkimg.com/images/2024/04/25/raZA1.jpeg[/img]

Does it still sound like a conspiracy theory?

Privacy will be gone completely in a few years. We will be sharing our cars and homes with strangers. I already share my country with millions of illegals thanks to the US politics in the Middle East. Make a google search and see which country hosts the most refugees(!).

The US has been taking thousands from the Mexican border.

These things happen because of the evil globalist fucks like Klaus Schwab.
… And I'm sure that there are some WEF-affiliated people in governments, the IMF, World Bank and others and also rich people who attend Davos meetings who give donations to said people.

You think there are some?

They are running the banks, businesses, countries. See which companies are WEF members. Do you want me to do the research for you? Here it comes:

https://www.weforum.org/partners/

When I take a look at the list, I see it is harder find a non-WEF affiliated business.

It is time to wake the fuck up.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
April 25, 2024, 04:29:40 AM
#45
[ img width=700]https://talkimg.com/images/2024/04/25/raZA1.jpeg[/img]

Does it still sound like a conspiracy theory?

Privacy will be gone completely in a few years. We will be sharing our cars and homes with strangers. I already share my country with millions of illegals thanks to the US politics in the Middle East. Make a google search and see which country hosts the most refugees(!).

The US has been taking thousands from the Mexican border.

These things happen because of the evil globalist fucks like Klaus Schwab.

Well as someone with a family full of conspiracy theorists who somehow came to the conclusion that covid was created by WEF, this is actually a very real and serious threat to Bitcoin, what they are doing right now. And I'm sure that there are some WEF-affiliated people in governments, the IMF, World Bank and others and also rich people who attend Davos meetings who give donations to said people.

I'm sure you remember when they tried to outlaw strong encryption and then people were printing the PGP source code on t-shirts, mugs and so on.

We need to channel that resistance because ultimately, code is free speech protected by the first amendment. You can't be held criminally liable just for writing it.
legendary
Activity: 3234
Merit: 2420
April 25, 2024, 04:10:25 AM
#44


Does it still sound like a conspiracy theory?

Privacy will be gone completely in a few years. We will be sharing our cars and homes with strangers. I already share my country with millions of illegals thanks to the US politics in the Middle East. Make a google search and see which country hosts the most refugees(!).

The US has been taking thousands from the Mexican border.

These things happen because of the evil globalist fucks like Klaus Schwab.
hero member
Activity: 1176
Merit: 647
I rather die on my feet than to live on my knees
April 25, 2024, 04:03:12 AM
#43
Bitcointalk people were already forseing this when they forbid conjoin campaigns in te forum...

It's nervewrecking that states and governments are trying to attack and estroy everything that may give us any privacy and/or control!
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
April 25, 2024, 03:50:03 AM
#42
I can still access https://docs.samourai.io/
Privacy app developers should remain anonymous.

https://blog.samourai.is is also accessible.

Although the main domain redirects to samouraiwallet.com which has already been seized.

It appears that their onionsite http://72typmu5edrjmcdkzuzmv2i4zqru7rjlrcxwtod4nu6qtfsqegngzead.onion/ is also down. Maybe it was hosted on the same server as clearnet.
legendary
Activity: 1638
Merit: 4508
**In BTC since 2013**
April 25, 2024, 03:49:09 AM
#41
This is almost what Samourai was doing, minus the "decentralized" part since all their coinjoin transactions were coming from their own server. But if you have the ability to set up decentralized coinjoins with a reserve of something like 1BTC then it becomes near impossible to track the ins and outs of them all - especially if dozens of people with 1BTC start their own coinjoin coordinators.

This is the point.

There is a lot of talk about maintaining the privacy of money, transactions, etc. But then you try to use centralized services for this purpose. It's almost impossible to keep something private, at least for a long time, when using centralized services. One cannot want privacy and then use centralized services.

Solutions to obtain privacy must be increasingly decentralized, as this is the only way to maintain privacy and avoid these types of situations. Developers, instead of wasting time trying to bring GIFs into the Bitcoin blockchain, should look for decentralized solutions within the blockchain that would improve users' privacy.

In short, you want privacy but use centralized services, it's halfway to losing that privacy.
legendary
Activity: 2506
Merit: 3645
Buy/Sell crypto at BestChange
April 25, 2024, 03:38:58 AM
#40
I can still access https://docs.samourai.io/
Privacy app developers should remain anonymous.

But we also have to note that they were the ones who put themselves in the sights of the authorities:


I think this was a stupid move, especially since domain and servers were in Iceland, which gave governments a compelling reason to look behind them.


I wonder if they had cooperated with Chainalysis or any blockchain analysis service, would the same charges have been brought against them? Or is the definition of privacy limited to those who appear to government agencies?
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
April 25, 2024, 03:11:06 AM
#39
Why do we have to care about coinjoin/mixing services?

Because your bitcoins are being traced by arbitrary analysis companies as we speak, in order to find any taint on them which any cooperating exchange will then freeze as soon as you make a deposit, without you even knowing about said taint.

Do you think coin mixing is the answer to this problem? If you use mixers, then the exchanges will freeze your funds again because now your coins are coming from a mixer.

Decentralized coinjoin when done with enough participants and UTXOs offers much stronger guarantees than a mixer ever could, and since all mixers addresses are being tracked by chain analysis, it is not useful when you want to send the result to an exchange.

This is almost what Samourai was doing, minus the "decentralized" part since all their coinjoin transactions were coming from their own server. But if you have the ability to set up decentralized coinjoins with a reserve of something like 1BTC then it becomes near impossible to track the ins and outs of them all - especially if dozens of people with 1BTC start their own coinjoin coordinators.
legendary
Activity: 3234
Merit: 2420
April 25, 2024, 02:59:10 AM
#38
Why do we have to care about coinjoin/mixing services?

Because your bitcoins are being traced by arbitrary analysis companies as we speak, in order to find any taint on them which any cooperating exchange will then freeze as soon as you make a deposit, without you even knowing about said taint.

Do you think coin mixing is the answer to this problem? If you use mixers, then the exchanges will freeze your funds again because now your coins are coming from a mixer.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
April 25, 2024, 02:55:49 AM
#37
Why do we have to care about coinjoin/mixing services?

Because your bitcoins are being traced by arbitrary analysis companies as we speak, in order to find any taint on them which any cooperating exchange will then freeze as soon as you make a deposit, without you even knowing about said taint.
hero member
Activity: 2968
Merit: 913
April 25, 2024, 02:51:00 AM
#36
Quote
Another privacy enhancing tool goes down the road. Apparently, the governments use everything in their disposal to undermine the users' privacy. Samourai team had recently announced that they were developing a decentralized version of whirlpool, using the Soroban network. It could be the case that they foresaw their own disappearance.

Was Samourai wallet a "privacy enhancing tool" or was it a money laundering tool? Or maybe it was both? Grin
It's funny how some people start whining about "the government taking away our privacy" every time some crypto mixing service gets banned/shut down for doing illegal stuff. I guess that some people think that the ability to conduct money laundering schemes and other illegal activities online is an integral part of their online privacy. Just get a Monero wallet and start using Monero. Why do we have to care about coinjoin/mixing services?
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
April 25, 2024, 02:33:47 AM
#35
Wait until you see Kruw circlejerking in this thread if he hasn't done so already elsewhere Sad



serious:

OK guys, now you see they are not just targeting mixers anymore, they are targeting any service that offers coinjoin. So I don't want to hear any of this "mixing is money laundering for criminals" talk, because clearly that's not the only talk of the day.

Samourai wallet operated a centralized coordinator and everyone who still had their funds inside said coordinator at the time it was shut down (if it had even been shut down) lost money.  This is why decentralized coordinators like JoinMarket should be studied more carefully. Because it cannot be shut down by anyone even if they wanted it to be.

Many western governments appear to be having a grudge against privacy these past few months. I wonder why is that?

And why do JPmorgan and Citi still get to launder funds for criminals without any action?

Even though I know I've back up my seed phrase, but I'm still scared when I see this news lol.
Such news is a source of concern because nobody knows the next wallet that will be attacked. The government wouldn't stop until they make privacy a scarce commodity.

Wasabi.....
sr. member
Activity: 406
Merit: 896
April 25, 2024, 02:08:34 AM
#34
Privacy is a fight that we can never win.

I get the point, but please remember what we are here for.
We are here for Bitcoin.
What is bitcoin? A peer to peer electronic cash system.
Who invented it? Someone who won maintaining their privacy.

Privacy is extraordinarily difficult to achieve and you only achieve a percent of it.
Privacy is also extraordinarily easy to be lost and you lose 100% of it.

But we can win... I hope!
sr. member
Activity: 714
Merit: 296
Cashback 15%
April 25, 2024, 02:01:38 AM
#33
But they were greedy to clamp down Binance which was alleged for money laundering, bank fraud, sanctions violation and others. Binance paid 4 billion and still existing.
Binance pleaded guilty to all of the charges that was filed against them, the same as their former ceo CZ who also pleaded guilty. So i reckon that in their own case they knew they were doing so many things wrong.
R.I.P. Samourai.
Too bad that another privacy solution has been brought down, the U.S. government wants to make it very difficult for people to use Bitcoin without exposing data that they can be tracked with. It is sad, but the fight for privacy is looking like a fight that we cannot win.

Privacy is a fight that we can never win.

Unless you are a selfish person, even if this privacy thing is good for your daily use, have you ever thought about putting yourself in a shoe of a ruler? Will you want such to exist in your country without worries about someone funding terrorists and they are untraceable? You won't be able to sleep peacefully.

We can't say because privacy is good for us that everyone in the world will use it right, samourai wallet is a dangerous piece of technology if it gets into the wrong hands, so I like the fact that they made it stop, o my God knows how many bad people have use its features for their own reasons.

In a world where no one is completely clean it will be a disaster to have a way to move funds untraceable, even this day's people do bad things and they feel like it's good, a world without law is called lawless, and that's more like a hell on earth.

Bitcoin works best and live this long because its not a privacy coin out of thr box, it would have been long gone if it was.
hero member
Activity: 686
Merit: 987
Give all before death
April 25, 2024, 01:49:15 AM
#32
They invited Russians who were being penalized by the authorities because of the war to use their services to evade the sanctions. Without a doubt, it was a matter of time before the authorities caught up.
How would they openly advertise such information knowing fully well that the US is doing everything possible to reduce the financial transaction of Russians? Maybe they were blinded by financial gains since Russians would find this service very helpful. I am also having some doubts if the Twitter account that made such an advert was really operated by Keonne Rodriguez and William Lonergan Hill. It is sad to see that any action by privacy service providers is now connected to money laundering and illegal dark web marketplace by the government.

Even though I know I've back up my seed phrase, but I'm still scared when I see this news lol.
Such news is a source of concern because nobody knows the next wallet that will be attacked. The government wouldn't stop until they make privacy a scarce commodity.
sr. member
Activity: 646
Merit: 321
April 25, 2024, 01:48:24 AM
#31
money laundering = moving your money privately
tax evasion = doing the right thing & not complying with criminals, keeping the fruits of your labor. not allowing pedos to extort you.

it's word magic, a spell that has been placed on the population

it's all a scam folks

if you think this system has any legitimacy left, you're brainwashed

government is slavery using lies, deception, psychological abuse over generations

samourai was bitcoin's best hope for privacy

they're coming for privacy in 2024 as the agenda progresses fast, time to switch to privacy by default - monero
legendary
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
April 25, 2024, 01:44:05 AM
#30



They invited Russians who were being penalized by the authorities because of the war to use their services to evade the sanctions. Without a doubt, it was a matter of time before the authorities caught up.

Anyone that has ever been on the twitters will know that Samurai was very popular there. Yes their main account was cocky but on the other hand, if you said anything non positive about the wallet, myriads of fan accounts would swarm at you seeking to inflict harm at you and your image for simply criticizing samurai and/or supporting one of their rivals.

If not suspicious, to me it's certainly odd that a purported privacy solution for Bitcoin transactions would have so vocal supporters in public. I always pondered as to why. Why be so public in the first place? What did they have to gain as a FOSS tool from attracting users through viral campaigns and attacking their competitors?
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