Topic: Binance Hackers Bombard Chipmixer to Launder at Least 4,836 BTC - page 4. (Read 6438 times)

Not the same BS again. No one seized BTC-e's wallets, only fiat currencies were either frozen or seized, and it was less than 45% (no one outside BTC-e themselves knows the exact figure). And BTC-e was easier to locate given that they hosted their website in the US and needed more infrastructure than a mixer.

That's the negative thing for mixing websites. How could we give guaranty that hackers haven't use any other mixing websites. It's not mistake of Chipmixer, there is more mixing website who is providing same services. If chipmixer could traced hackers it's good thing. I don't think hackers mix their hacked fund a a time. So it's not very easy task to identify instantly because hackers could send fund from different address. Hackers use Chipmixer due to reputation, nothing else. They might mix by other website if they want. So directly we can't blame any specific mixer website.

who's gonna force them? the USA government could take down their .com domain pretty easily if they wanted to, but that's about it.


the funny thing is, binance is always being used to launder stolen coins. it's one of the go-to venues besides DEX and mixers because it's so easy to spin up lots of unverified accounts and cash out anonymously.

I don't know if I should take that as a a good news or not because the hackers just increased their chances to be caught by mixing such a big amount in one go.
It depends on Chipmixer whether they would have stored the information necessary to catch the hackers.
If the hackers get traced then Chipmixer wasn't a good mixing service after all and the hackers did not get traced then it just proves how good Chipmixer is at it's job.
It will be fun to watch what happens next.

I'm going to tell you something that's a bit funnier than that...
http://archive.fo/6Uxuq#selection-5615.0-5614.2

Talking about signature and getting paid to promote "criminal activities". 

My speech would be the same even without my signature, even if it was a competitor site in my sig. But that wasn't about me, but about you. I tried to make it short so you get the point but you didn't.
You also used Liberty Reserve, a payment processor owned by scammers that helped scammers to scam more. So as you see it's not because a website/service can be used to scam that every user is a scammer.

The funny thing is if I invited you to the restaurant and offered you a handbag you wouldn't say no. Despite I paid with mixed coins  
(Just teasing)

Do you even know where its physically located? Under what jurisdiction it would fall in? There are still plenty of places where Bitcoin is unregulated, therefore it doesn't exist from a legal standpoint. Think, game money, or game items. They don't "exist", yet there is people out there willing to pay real money for those particular bits of information.

See, if they fall into one of these countries, no one can order them do anything.

Well then, it just proves that Chipmixer is really working if they cannot trace a single thing about it.
Let us not put it all with that company, some of the exchanges are also being used as a way to escape this kind of hacked coins specially DEX's or maybe some local ones with no KYC until you hit a number where they need to submit some information in regards for the Money Laundering Act.

I will follow this and if there is really no trail then I would be using Chipmixer myself and maybe I could also offer it to some people in the crypto space.  
This is not Chipmixer problem anymore hence, it is Binance who have lowered their defense.

TIL ChipMixer is only up today because the government lets them stay up.

Future outlook is quite bleak for Chipmixer. Even if they co-operate with the authorities, the chances are that they will be forced to close down. In fact it surprises me that the authorities allowed them to operate until now. If I am not wrong, they have been operating for more than two years and that makes them the oldest Bitcoin mixer that is currently active.

rofl... Blockchain analysis against chipmixer would not be really useful if Skilled chipmixer user practice good mixing and coin control discipline.  Such type of chipmixer user would easily make any blockchain analysis moot.  Article uses flow based / side channel based analysis and were somewhat flawed, for the follow simple reasoning and case study:

1) an anonymous minded bitcoin user (User A) deposit a small portion (how small? see 5) with multiple portion of 4836 BTC into chipmixer, withdraw (at step 3) all the private keys, importprivkey to his/her wallet and did rescanblockchain 550000 on into x number of private key

2) User A then do nothing other than peek into mempool and when it's small, send each chip separately into address generated by getnewaddress() bech32 to minimize fees and speed up transaction in the future.

3) User A limit the chip size to approx 4 btc, with majority of chips ranging between 1btc to 256mbtc for better blockchain obfuscation and decreases the selectivity that may easily be identified using flow based analysis

4) User A realized that should x be rather large and were denominated into chip of various sizes, it is unlikely she would need to send output to any addresses with change; further more,

5) User A realized by amortize each payment amount in btc carefully to avoid detection, based on observed chipmixer intput / output histogram / distribution it would further obfuscate and make future payment impossible to correlate to the very large input.

Seriously, you really believe that?
I use mixers and I actually paid taxes for my crypto earning this year.

Do you know why I use mixers? Exactly for privacy!
Because I don't want to buy a cup of coffee and have the barista see I have 2 or 5 BTC in my wallet.
I don't want to go and sell a guy some bitcoins and have him find out I have more than 10k in my accounts.

Let's not even talk about this situation:
https://www.thesun.co.uk/news/5665849/meet-the-strippers-tattooed-with-barcodes-so-sneaky-punters-can-tip-in-bitcoin-without-their-partner-finding-out/

Anyone could then link your address to their codes and then find out a lot more about you.


Yes, you just did, you called me and everyone using a mixer a criminal, as money laundering is a crime!


It actually means that you have no right to try to tell me how I use my money and what services I use as long as I don't do anything illegal.
Is asking the cashier to change a 100 bill to 2 50 euros bill a crime?
Cause by your f logic is still is.

And that's a personal attack ?

Tons of people here give sell their KYC for even less than 20$ (not in BTC, but in worthless tokens).

A mixer is there to give people privacy. To break the link between UTXO's. While it can be abused by criminals, that doesn't man that it is a bad concept.
Hell, cash is also being abused by criminals.. and still we are using it. Same applies to medicine.




So.. please give me an example.
All you do is to allege it is possible, but you can't even 'trace' my simple example:

1 dirty UTXO: A
1 clean UTXO: B

Transaction:
A (1 BTC)+ B (1 BTC)  -->  C (0.5 BTC) + D (0.5 BTC) + E (0.5 BTC) + F (0.5 BTC)

Now, please tell me.
Which UTXO's are clean and which are dirty after this transaction ?


If you can't even answer this question for such a simple example, stop claiming it is possible the way you describe.




You do realize that ChipMixer does not take any fee ?
It is completely Pay what you want.

You keep on claiming things without even properly understanding the technical details of bitcoin.
Generally tracing UTXO's is possible yes. But if properly mixed, there is no link between pre- and post-mixing. And if the user isn't super retarded, there won't be a possibility to further trace the money.

They got the founders, but the service still operates. They could survive if they were fully anonymous, but it is tricky to do that right.

They won't oppose but the main argument here is that they are anonymous and won't get caught. It will depend on where their business is located. TPB managed to avoid being taken down for years by switching servers from country to country but eventually the government got them.

Chipmixer can be anonymous and keep their clients private now but they won't be able to hide forever and continue to operate the business. There are fees and taxes. They aren't located on no man's land.

Is there any word from Chipmixer yet about this issue? I do read almost response on here.Some saying they wont got affected and some do say that they are on a big trouble.
For me I don't see for Chipmixer to oppose if government would something ask about their cooperation connected to the incident.

Well, it is a good news and also a bad new, bad news in the sense that it would now be difficult for people to trust this chip mixer to convert their unanimous transaction into a private one which is its main purpose because I wonder how they could easily detect that it was hacked through chip mixer, and the good news about it is that gradually are getting to that stage where hackers can be detected easily, of them to have even known that this is what was used to launder such amount of btc from Binance.

I wonder why chip mixer too would allow such transaction to take place within their services without investigating, if the close chip mixer now, that would be sad news and at the same time bring regulation to the cryptocurrency industry.

You clearly said people like me sell KYC details for $20 for some shitcoins just because you want to support a site that supports money laundering. I don't know what was the reason you had to make a remark about what I do as that's not your concern.

Tainted cryptocoins' concept does exist even though they are difficult to trace but it's not impossible. You can choose to believe or ignore it it's your wish.


I never wrote you are a criminal or anyone who cares about privacy too. I only said that Chipmixer appears shady by being involved (if proved) in this money laundering which means it's involved in a criminal activity. Tomorrow other hackers/criminals will use the website and Chipmixer will still be safe according to the forum members is a weird logic as nobody is above the law. Exchanges have shut down for not complying with KYC/AML policies so I don't think Chipmixer too would be able to run smoothly if they get involved in such shady deals. And that's my opinion ONLY.






Caring about individual privacy is separate as you are not a business. Here the main subject is Chipmixer.

I said that people wouldn't use a mixer unless they want to launder money else paying extra fee just to avoid their coins from being traced but the point is that even these coins can be traced. Nothing is impossible. I did not call them criminals so don't change the meaning of my words as that's being stupid.

People who want to protect their privacy and who want to use mixers can do so at their own risk but that doesn't mean people like me who want to comply with rules as much as possible are stupid or fools or I don't care about privacy.

In our thought that should be the norm.  But the authority often time being rude to the extent of wicked, is not that considerate.  They can create scenarios and issues that can setup anyone to look suspicious.  In short they can stage a conspiracy to be able to execute their full control towards a scenario.  Pushing the idea of "being used to launder money" is enough for them to escalate the issue and shutdown anyone.  I just hope this will not happen to Chipmixer.

Chipmixer will not be shutting down because they’re not guilty, even if the government wishes to shut them down they’ll have to first check under which jurisdiction it falls and then pass a order against it which of course can be challenged. To be fair Chipmixer owes no explanation to anyone they did their service the best way they could they received those coins, and they processed it as any other routine transaction it’s sheer bad luck those turned out to be hacked coins. @TryNinja you’re absolutely correct Chipmixer is legit, and by honestly completing this transaction Chipmixer has proven it can be trusted with any amount.