YoMix, how do you feel about what happened to Chipmixer with the FBI seizing their website and putting out an international arrest warrant for the owner? Personally I think it is inevitable that all mixers will have their domains seized and the owners will end up arrested or on the run while an international arrest warrant is on their names. Do you worry about being next investigated and possibly charged with money laundering and other crimes?
That's quite sad story.
Certainly, it is a sad story and we can not help but hope that such things won't happen to YoMix or any other such service in the future. I am not sure what happened to the chip mixer (or why?) but considering we are in the same business all the precautionary steps shall be taken by YoMix in advance. I mean it's a true saying that learns from the mistakes of others.
Though Chipmixer grew giant with time, they should have taken extra precautions with time.
I am happy that we have YoMix now. The only thing on my mind is a safe play and its lifelong existence of it. Because we freaking love our privacy man
Indeed. But privacy is a human right.
Money laundering is a crime, and hackers using it to obfuscate their stolen money is illegal, so these users would have to be banned to avoid being illegal, and even that won't magically make you compliant with FinCEN (regardless of where you live).
And if you collect KYC before using the mixer, then the purpose of mixing is lost. So it's a catch-22.
Even if all mixers are shut down, there will still be many ways to perform money laundering, and history has shown us that nobody is actually serious about apprehending the people who launder their money, in contrast to, for example, the services that facilitate it. Because these are easy targets. To capture the actual criminals requires a lot of discouraging red tape across countries.
If anyone thinks I'm wrong about the above paragraph, then why haven't the 1MDB thief and his henchmen been caught yet?
That is the problem here. If mixers go KYC then we are done already. Then it would be far easier to have p2p transaction considering its just two individuals who are exposing themselves to each other as long as there is no escrow.
However, as I said, let us just hope YoMix will take care of their business rightfully and run it forever. GL to all of us.
