Money Laundering In Bitcoin Gambling Sites - page 2.

picolo

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Quote from: panju1 on February 07, 2015, 09:24:17 AM

Since these sites have minimal withdrawal fees, these sites may be cheaper than using mixers.

The casino knows the relationship beween the two addresses so he could theorically tell someone who is asking or be hacked by someone who would get this information.

Ingatqhvq

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Why do you choose this way? there are many good ways to launder your bitcoin.

fred.perth

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Quote from: EvilPanda on February 08, 2015, 04:03:44 AM

Not many bitcoin casinos have enough liquidity to launder big money. Of course it's a possibility, but I don't think it's a problem. Still much more is being laundered right under their noses by old fashioned book-keepers.

Well i would say that this is mainly due to the size of the bitcoin economy, plus the fact that coins do not need to be laundered as much as cash.

EvilPanda

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Small Red and Bad

Not many bitcoin casinos have enough liquidity to launder big money. Of course it's a possibility, but I don't think it's a problem. Still much more is being laundered right under their noses by old fashioned book-keepers.

fred.perth

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Quote from: bitparadise on February 07, 2015, 10:12:03 AM

How about blockchain.info sharedcoin, it is a very easy way to launder bitcoins.

Sharedcoin is very easily traceable. It is funny how inexperienced people can be tricked into thinking it is a reliable mixing alternative. A true mixer takes in your coins and gives you back different coins (as in, there is no transaction linking the new coins to the old ones.

sandykho47bt

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It's interesting idea to laundry bitcoin using bitcoin gambling sites since you only have to pay tx fee
But, it's more dangerous than use mixer/laundry service

Use big exchange site is still better

sherbyspark

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Well , even if you use gambling sites to launder, then obviously you will be laundering large amounts, as laundering smaller amounts won't make sense.
Then doesn't that mean that your deposit and withdrawal will probably be linked as casinos, generally won't have such a big BR themselves ?

panju1

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Quote from: (Lithium) on February 07, 2015, 09:46:43 AM

the sites will have records about what you did.

I guess that is the weak point of using gambling sites as mixers

With mixing sites, you have to trust the site not to keep records.
It is a leap of faith you are taking.

WEBcreator

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Quote from: finlon on February 07, 2015, 10:23:07 AM

Well, you can launder coins easily, using any services infact. Even using an altcoin exchange can help you do that.

agree, there is a lot of way to launder money, easiest is with mixer , or altcoin exchanger, gambling perhaps too, either way, on or another scammer / thief gonna find a way to launder money

finlon

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Well, you can launder coins easily, using any services infact. Even using an altcoin exchange can help you do that.

bitparadise

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How about blockchain.info sharedcoin, it is a very easy way to launder bitcoins.

Tdowns

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Quote from: (Lithium) on February 07, 2015, 09:46:43 AM

the sites will have records about what you did.

I guess that is the weak point of using gambling sites as mixers

Mixer sites also have a record which they are required to show incase of a dispute arises.

(Lithium)

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the sites will have records about what you did.

I guess that is the weak point of using gambling sites as mixers

umairsaleem

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This is entirely possible, the Bitcoin itself is a powerful laundering tool, Moreover, we got powerful Bitcoin mixer.

fox19891989

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Quote from: BitcoinStriker on February 07, 2015, 09:20:35 AM

You mean like sending 3 btcs to a casino and then withdraw them?

If they do in this way, they can do it in some solid altcoin exchanges, like poloniex, bittrex and so forth. Exchanges are more reliable than gamble sites.

panju1

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Since these sites have minimal withdrawal fees, these sites may be cheaper than using mixers.

BitcoinStriker

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I am the one who knocks.

You mean like sending 3 btcs to a casino and then withdraw them?

Bitzkrieg

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Do you think its possible?

I just read the article about the Intel Security CTO pointing specifically to Bitcoin Gambling Sites as an easy way to launder money.

Anyone here have some past and present knowledge about this?

Is there a bitcoin casino right now who does this (speculation) ?

Topic: Money Laundering In Bitcoin Gambling Sites - page 2. (Read 1973 times)