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Topic: Binance Hackers Bombard Chipmixer to Launder at Least 4,836 BTC - page 9. (Read 6438 times)

legendary
Activity: 3052
Merit: 1281
Get $2100 deposit bonuses & 60 FS
This is a very stupid move and it might lead to the hacker being caught a lot quicker. A mixer service takes your coins and mix them with other people's coins, but the larger the amount of coins being mixed, the higher the chances that those coins might be mixed by the coins being send. It is rumoured that mixing services are less anonymous with larger amount of coins being mixed.  Roll Eyes

Indeed, for sure Chipmixer will cooperate to the authority to trace the hacker.  I believe Chipmixer will protect their name and will have a wise decision regarding this incident.  Mixing service have records of their transaction though they keep it private.

So let's hope this backfires on them and that they dug their own grave by doing this.  Tongue  The companies tracking these coins, might just have received a jackpot from these hackers bombarding a single mixer service with a lot of coins.  Grin


It will definitely backfire to the hackers.
sr. member
Activity: 1932
Merit: 300
Vave.com - Crypto Casino
Bad news for Chipmixer, they are the only legit established large sized mixer left after the closer of many. This move would certainly bring them in for investigation as it's a criminal case.
This could lead to the end of bitcoin mixing services and enforce more regulations on exchanges and tradings.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
This is a very stupid move and it might lead to the hacker being caught a lot quicker. A mixer service takes your coins and mix them with other people's coins, but the larger the amount of coins being mixed, the higher the chances that those coins might be mixed by the coins being send. It is rumoured that mixing services are less anonymous with larger amount of coins being mixed.  Roll Eyes

So let's hope this backfires on them and that they dug their own grave by doing this.  Tongue  The companies tracking these coins, might just have received a jackpot from these hackers bombarding a single mixer service with a lot of coins.  Grin
legendary
Activity: 3052
Merit: 1281
Get $2100 deposit bonuses & 60 FS
This is bad for Chipmixer.  If the authority decided to investigate on this and targeted Chipmixer to shutdown regardless of the investigation, they can easily do it since they have a proof in their hand that a mixing service had been used to launder a hacked BTC.  I wonder why Chipmixer did not suspend those transactions.., Did they failed to track that those BTC were hacked?
newbie
Activity: 29
Merit: 1
At least 4,836 Bitcoin (BTC) of stolen from Binance exchange in May 2019 was laundered through crypto mixing service Chipmixer.

https://cointelegraph.com/news/binance-hackers-bombard-chipmixer-to-launder-at-least-4-836-btc
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