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The original was posted on /r/cryptocurrency by /u/Kike328 on 2024-01-18 21:37:08+00:00.

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The original was posted on /r/cryptocurrency by /u/Kike328 on 2024-01-18 21:37:08+00:00.

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The original was posted on /r/cryptocurrency by /u/Zestyclose_Acadia_40 on 2024-01-18 19:55:06+00:00.

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I'm wondering whether any of you have sold your GBTC shares (bought at a discounted rate prior to ETF approvals - congrats!) and moved them into another ETF to take advantage of lower fees?

What is the timeline from submitting cash withdrawal to cash hitting your bank, and then transferring into another exchange and purchasing there?

Is it even worthwhile to move for lower fees when you get absolutely smashed with tax on the gains?

Wondering if this information can help understand some of the recent price action beyond people selling the news

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The original was posted on /r/cryptocurrency by /u/BradyatHedera on 2024-01-18 17:29:15+00:00.

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The original was posted on /r/cryptocurrency by /u/No-Elephant-Dies on 2024-01-18 16:56:35+00:00.

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The original was posted on /r/cryptocurrency by /u/iJardani on 2024-01-18 16:30:54+00:00.

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Research Article

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The original was posted on /r/cryptocurrency by /u/Master-Cap-9243 on 2024-01-18 16:11:30+00:00.

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Hello, i am looking for alternative cryptocurrencies or dapps to monero to mix my money, i know theres few centralized platform that replace what used to be chipmixer but all of them have pitfalls due to centralization. I have read alot about the monero whitepapers and it takes up to weeks to months to properly launder the money. Any alternatives will be appreciated While Monero is known for its privacy features, some alternative cryptocurrencies and decentralized applications (DApps) that focus on privacy and fungibility include Zcash, Dash, and Grin. Zcash employs zero-knowledge proofs for enhanced privacy, Dash incorporates a mixing mechanism called PrivateSend, and Grin uses the MimbleWimble protocol to achieve confidential transactions. However, it's essential to conduct thorough research and consider the trade-offs of each option, as privacy features can vary. Keep in mind that the regulatory landscape may impact the availability and use of such privacy-focused solutions. Always exercise caution and adhere to legal guidelines when exploring alternatives for financial transactions.

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The original was posted on /r/cryptocurrency by /u/Rossa774Tezos on 2024-01-18 15:16:04+00:00.

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Nomadic Labs recently spotlighted the launch of Izikap, a novel SaaS platform developed by the Xelians group. This platform, operating on the Tezos blockchain, represents a significant advancement in the digitalization and management of company registers. The introduction of Izikap marks a paradigm shift from traditional paper-based systems to a more efficient, digital, blockchain-powered approach.

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The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2024-01-18 12:51:53+00:00.

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The original was posted on /r/cryptocurrency by /u/Specialist_Olive_863 on 2024-01-18 12:41:35+00:00.

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DeFi is DeFi, NFTs are NFTs. What else new have we got going on in this space other than airdrops and degens? So to get out of my echo chamber tell me what's new? I just want you guys out there to tell me the most interesting thing about crypto right now. Something that tickles your medulla oblongata. I'm bored of shills and maxis, I'm bored of bulls and bears. Give me something I can dig into.

Tell me something you dropped hours or days into reading and understanding just for it to blow your brains out.

I thank everyone for the effort you may or will put into the replies, and I appreciate all of you.

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The original was posted on /r/cryptocurrency by /u/goldyluckinblokchain on 2024-01-18 12:25:42+00:00.

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2024-01-18 12:21:15+00:00.

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2024-01-18 12:17:22+00:00.

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The original was posted on /r/cryptocurrency by /u/trucker-123 on 2024-01-18 12:15:54+00:00.

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So I was reading the prospectus for the Blackrock BTC ETF. And I noticed the following excerpts.

From page 82, it seems the maximum amount that Blackrock can recover from Coinbase in a case of hacking/theft of BTC is only $100 million:

the Bitcoin Custodian’s aggregate liability in respect of each cold storage address shall not exceed $100 million;

From page 81, it seems that Coinbase has a maximum insurance of $320 million among all its customers (I assume not just ETF customers, but also regular people who have opened a Coinbase account):

Coinbase Global maintains a commercial crime insurance policy of up to $320 million ... ... The insurance maintained by Coinbase Global is shared among all of Coinbase’s customers,

And on page 33, it seems that even if an internal Blackrock employee went rogue and stole all the Bitcoins, Blackrock won't insure against that either:

Although the Trust’s transfers of bitcoin will regularly be made to or from the Trust’s account at the Bitcoin Custodian, it is possible that, through computer or human error, or through theft or criminal action, the Trust’s bitcoin could be transferred from the Trust’s account at the Bitcoin Custodian in incorrect amounts or to unauthorized third parties, or to uncontrolled accounts ... ... To the extent that the Trust is unable to seek a corrective transaction with such third-party or is incapable of identifying the third-party which has received the Trust’s bitcoins through error or theft, the Trust will be unable to revert or otherwise recover incorrectly transferred bitcoins. The Trust will also be unable to convert or recover its bitcoins transferred to uncontrolled accounts. To the extent that the Trust is unable to seek redress for such error or theft, such loss could adversely affect the value of the Shares.

The general idea I get about the Blackrock BTC ETF prospectus is that there really isn't any insurance, and if there is any hacking/theft of Bitcoin and the ETF collapses, there is no protection against you losing everything. If this is the case, this is a shame, since I was hoping there was more protection mechanisms to hold a BTC ETF over holding BTC yourself (if I pass away and I hold a BTC ETF, at least my BTC ETF can be left for my family members through inheritance, but if I hold BTC and my family members don't know my private key, my BTC is lost forever).

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The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2024-01-18 11:00:32+00:00.

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The original was posted on /r/cryptocurrency by /u/1Tim1_15 on 2024-01-18 04:37:35+00:00.

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The original was posted on /r/cryptocurrency by /u/After-Pickle8281 on 2024-01-18 09:53:21+00:00.

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CRO changed its bonded ratio. It also reduced the APR in DEFI from %7ish to %5.68. This news should be bullish, but it caused a dip in its price. It only shows that some stakers were there for the APR and not for the technology. I'm still bullish in this token What is your technical opinion? By technical opinion I don't mean "I bought this token and I got roasted, %$&=% sold a at loss f*xj CDC", I mean a discussion level opinion.

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The original was posted on /r/cryptocurrency by /u/After-Pickle8281 on 2024-01-18 09:53:21+00:00.

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CRO changed its bonded ratio. It also reduced the APR in DEFI from %7ish to %5.68. This news should be bullish, but it caused a dip in its price. It only shows that some stakers were there for the APR and not for the technology. I'm still bullish in this token What is your technical opinion? By technical opinion I don't mean "I bought this token and I got roasted, %$&=% sold a at loss f*xj CDC", I mean a discussion level opinion.

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The original was posted on /r/cryptocurrency by /u/MinimalGravitas on 2024-01-18 09:25:31+00:00.

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The original was posted on /r/cryptocurrency by /u/MinimalGravitas on 2024-01-18 09:25:31+00:00.

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The original was posted on /r/cryptocurrency by /u/icebergiman on 2024-01-18 09:11:19+00:00.

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The original was posted on /r/cryptocurrency by /u/only-on-the-wknd on 2024-01-18 08:17:48+00:00.

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The original was posted on /r/cryptocurrency by /u/jbtravel84 on 2024-01-18 04:20:15+00:00.

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40 MILLION! I think it's a conservative number.

We could be talking about 100's of MILLIONS from this one organization.

Investment scams are some of the worst type of blockchain crime around. This particular scheme appeared to to be targeting UK users through Whatsapp.

The group is a mix of hired guns (scammers) and victims interacting in a chatroom. All of the numbers appear to be +44 to make it look like a legit investing operation. The hired guns talk about how much money they've made with the platform, and mention that you too can be like them!

To the left is inside what the Whatsapp Investment Group looks like. To the right is a post by a victim alerting about the scam. Thanks to CryptoExposed23 on twitter for building an account just to track this scam.

The scam is always the same. Users "invest" in the investment platform and receive big gains over time. The user continues to invest, but when it comes time to withdraw, there's always a problem. You can't!

A victim who lost mid-six figures reached out to me asking for help tracking where the funds went.

I expected this to be a clear cut, your funds are here!

Instead, a worm hole of endless intermediary and deposit addresses opened up.

Most of the scams I deal with happen on the Bitcoin or Ethereum blockchains. However, this one is all TRON USDT. (Low fees!)

Let's follow the money!

Hacker Wallets

• TNFXSER8SxP5EeUBAQZXp9onLmyK4mxLeb - Hacker 350K UK 1
• TPEedMh4nSgcwew4wBM6evJkK4UsK56DQt - Hacker 350K UK 2
• TMNUcWtaSsauWp6wxCjWiFNgBSWsXXazAR - Hacker 350K UK 3
• TEZxC6T1ct74XaYfW6Y2HiBgtrUAfcfcRq - Hacker 350K UK 4
• TS51Fu1APb1tfrp7RakEjko7xsLMMSNKb1 - Hacker 350K UK 5
• TPEedeRH6BNBi5Aa1d6WfddGbJUTK56DQt - Hacker 350K UK 6
• TC3xLtV46LaYZpYZ6ExRpnEgWeQPfBf4Vy - Hacker 350K UK 7 [Intermediary]
• THNmVJDoxZA8qE6vrR5tgxKH4QzkejmFYY - Hacker 350K UK 8 [Intermediary]
• TEaLvx1bkJEWQE6SCZHMF75GBsMZfM5G9o - Hacker 350K UK 9 [Intermediary]
• TMZsm5onFqDPqfzTAG3tb663PmnVcoPyM8 - Hacker 350K UK 10 [Intermediary]
• THw9axhbN68aHxFuQsh8Mswi9c4rkStkuA - Hacker 350K UK 11 [Intermediary]

Primary Wallets used to Steal Victims Funds

I tried to map out the primary wallets, but the graph would take up an entire movie screen!

Below are the wallets the scammer used to steal funds from victims. All of these wallets sent the stolen funds to intermediary wallets, which then were sent to various exchanges. The bullet points are where most of the outgoing transaction went.

TNFXSER8SxP5EeUBAQZXp9onLmyK4mxLeb - Hacker 350K UK 1

• TC3xLtV46LaYZpYZ6ExRpnEgWeQPfBf4Vy - Hacker 350K UK 7
• THNmVJDoxZA8qE6vrR5tgxKH4QzkejmFYY - Hacker 350K UK 8

Most of the funds here went to TC3xLtV46LaYZpYZ6ExRpnEgWeQPfBf4Vy - Hacker 350K UK 7. I’ll get to that wallet later. I’m assuming this is the wallet mostly used by the scammer to collect from victims. Hacker 350K UK 7 is an intermediary wallet and used to off ramp to exchanges.

• $128,950 transferred to Hacker 350K UK 7.
• $30,000 transferred to Hacker 350K UK 8.

TPEedMh4nSgcwew4wBM6evJkK4UsK56DQt - Hacker 350K UK 2

• TEaLvx1bkJEWQE6SCZHMF75GBsMZfM5G9o - Hacker 350K UK 9

Same as above. All of the funds here went to TEaLvx1bkJEWQE6SCZHMF75GBsMZfM5G9o - Hacker 350K UK 9. Hacker 350K UK 9 is an intermediary wallet and used to off ramp to exchanges.

• $325,740K transferred to Hacker 350K UK 9

TMNUcWtaSsauWp6wxCjWiFNgBSWsXXazAR - Hacker 350K UK 3

• TEaLvx1bkJEWQE6SCZHMF75GBsMZfM5G9o - Hacker 350K UK 9

An exact repeat as above. $165,200 transferred to Hacker 350K UK 9

TEZxC6T1ct74XaYfW6Y2HiBgtrUAfcfcRq - Hacker 350K UK 4

• TEaLvx1bkJEWQE6SCZHMF75GBsMZfM5G9o - Hacker 350K UK 9

An exact repeat as above. $128,950 transferred to Hacker 350K UK 9.

TS51Fu1APb1tfrp7RakEjko7xsLMMSNKb1- Hacker 350K UK 5

• TEaLvx1bkJEWQE6SCZHMF75GBsMZfM5G9o - Hacker 350K UK 9
• TMZsm5onFqDPqfzTAG3tb663PmnVcoPyM8 - Hacker 350K UK 10

Same as above.

• $85,950 transferred to Hacker 350K UK 9.
• $30,000 transferred to Hacker 350K UK 10.

TPEedeRH6BNBi5Aa1d6WfddGbJUTK56DQt - Hacker 350K UK 6

There isn’t much activity here. Maybe it was used to pay gas fees?

Wallets used to Launder Funds

TC3xLtV46LaYZpYZ6ExRpnEgWeQPfBf4Vy - Hacker 350K UK 7

• THNmVJDoxZA8qE6vrR5tgxKH4QzkejmFYY - Hacker 350K UK 8 [1.85M sent here]

These next few wallets appear to be where the scammers go to send funds to exchanges to launder the stolen USDT. Due to time constraints I’m unable to map out ALL the exchange deposit addresses. There’s hundreds. Below I’ll list a few based on most amount sent.

Above is a look inside TC3xLtV46LaYZpYZ6ExRpnEgWeQPfBf4Vy - Hacker 350K UK 7. 1.85M in USDT was sent from Hacker 350K UK 7 to Hacker 350K UK 8.

Deposit Addresses

• TSyMA8hGYKcuXxagDKnNEYTpd7J4L3L6c9 - Binance
• TLLSrAhuNwU2RCNv6zYokTtfkukZGSdjdu - Binance
• TQCNp4ojKsNYeuibPA1YQFDHG4Uk2xszjr - Binance
• TJ1zD7nrGE8CPzsy8bpzW8egT4rR8XobnZ - Binance
• TLthCzRxB1gydVBDRc9nqNasiZ5MqVpxKZ - OKX

THNmVJDoxZA8qE6vrR5tgxKH4QzkejmFYY - Hacker 350K UK 8

• TSHphz5NicfHAnT36rKwE6mV2nnaJDbTW6 - Hacker 350K UK 8 1 [2.45M]
• TKRKZvn2CpvGE1ZQPZXERyR3sDG8hxJ2XV - Hacker 350K UK 8 2 [3.73M]
• TC3P75N2tLJV4YFKHJhVawbVVHTHdHjdpo - Hacker 350K UK 8 3 [1.8M]
• TK3sEKvHyf7URbhtuPotBNDvHb5WDxMNZL - Hacker 350K UK 8 4 [11.4M]
• TDxQD14jCcTkHuddjyuYpH1Gafgj14yFL2 - Hacker 350K UK 8 5 [732K]
• TD157Adu4rWZqKUp3HjZbsbMCaHhDT7AYo - Hacker 350K UK 8 6 [716K]
• TKLTvDGvYHbSAoRMMSbnV4Ff2UfGy25Wmx - Hacker 350K UK 8 7 [1.15M]
• TSTmV9xKBMnp9qbsNv1DSrYqGqu2UEYBun - Hacker 350K UK 8 8 [1.09M]

Above is inside THNmVJDoxZA8qE6vrR5tgxKH4QzkejmFYY - Hacker 350K UK 8. This wallet is doing some huge transactions and needs a thorough inspection.

This wallet needs to be thoroughly expected. It appears THNmVJDoxZA8qE6vrR5tgxKH4QzkejmFYY - Hacker 350K UK 8 is a main wallet of this organization. There’s just endless deposit addresses. I marked off additional wallets based off of outgoing transactions.

Deposit Addresses

• TQtoNr9LbFJNX3Pm2USRKBKh6dpyVbGjGU - Binance [5.77M in deposits]
• TGqsyxFUdECn3hrRmQhhgTuQodkmBTk8a2 - Binance
• TAWAeFm7y361YADXaPeQLawACLHQqW6ZJF - Binance
• TSeayces5SshEf8ePsVuJnNJ4NdZ6oceK3 - Deepcoin

Deposit Addresses Associated with Hacker 350K UK 8 (1, 2, 3, 4, 5, 6, 7, 8)

• TQopadKfzCMWdst17NUR64D7quDpAXsye5 - Deepcoin [50M in deposits! Could be a hot wallet]
• TK9Qmus9aXLCN2ABW92LQJ3pfsUetxn4Mo - MaskEX - [1.74M in deposits]
• TUAMd9hqW1L5dtaHt5Y5mbWm4RMYpS3K8o - OKX [847K in deposits]
• TCJcrBLEpJZohMtZua3i5u19MNmPAwbGTm - Binance
• TQjRaSujxveG6VvTFn3JEcuQhnyZvxf4yg - Binance
• TYqtLoMnz3cksnjCyFkC9s1KMxwJQgcY49 - Binance [750k in deposits]
• TJbfKroFaKzMNaH51WLu2i9oYGXDkHwLRa - CoinTR [3.87M in deposits]
• TWm1vfcbTTq9gwMqQ215QR5hsSJS5nyMXq - Binance [2.36M in deposits]
• TKsNPamcnHJPBNTYtMaXhXW82d6oCjR2uv - Binance [1.34M in deposits]
• TGbpDmnTnuPPpsBefX7bxH2PM3NoN4hvwd - Binance
• TCMzNTwZiM6mu5N92y8KFcMNXrxV2zXa4S - OKX [4.86M in deposits]
• TU9nsuZzRZAA5Xh3tc34fRNf2vrv2LLAae - Binance [900K in deposits]
• TLcT6L7HnPM51wZxFet8nqvniPaQvZ2hds - OKX
• TQ1DAuxVr8kh6ygbH7pr9nYqjF2qWsVE1v - OKX
• TKbiSmzyoJB2U5XFF4bdC4fsyguoJdQ9me - OKX
• TNxNvydHJ5vgdm1BA4KU7k31CXsMGHNeSL - OKX

TEaLvx1bkJEWQE6SCZHMF75GBsMZfM5G9o - Hacker 350K UK 9

THw9axhbN68aHxFuQsh8Mswi9c4rkStkuA - Hacker 350K UK 11 [2.52M sent here]

Above is inside TEaLvx1bkJEWQE6SCZHMF75GBsMZfM5G9o - Hacker 350K UK 9 [Intermediary]. There’s a few wallets here that need to be inspected further. 2.52M went to one wallet while the rest was sent to a few wallets.

This wallet also needs to be thoroughly expected. Most of the outgoing funds went to THw9axhbN68aHxFuQsh8Mswi9c4rkStkuA - Hacker 350K UK 11, but I’m showing a number of outgoing txns to other wallets as well.

Deposit Addresses

• TVqA8bFfrfWb1kxFthWHhLZoR9vduZAxPm - Binance
• TB7f3Ee1vjRNuBofjdU22tAh9ewCXqppAT - OKX
• TLGMFMBk7hfxH4bnvAE2A6fLCGanTvP1Xv - Binance
• TGtCHNr1C94Vwgv22Lnn78XzVq3n5zUJPh - OKX

TMZsm5onFqDPqfzTAG3tb663PmnVcoPyM8 - Hacker 350K UK 10

• THw9axhbN68aHxFuQsh8Mswi9c4rkStkuA - Hacker 350K UK 11 [4.29M sent here]

This wallet also needs to be thoroughly expected. This wallet follows the exact same path as Hacker 350K UK 9. Most of the outgoing funds went to THw9axhbN68aHxFuQsh8Mswi9c4rkStkuA - Hacker 350K UK 11 but I’m showing a number of outgoing txns to other wallets as well.

Deposit Addresses

• TNTtyUCUt4EaJXsa3dRXoZ6sp84jBEt9YM - ByBit
• TGn4Q4VszjLkRb2Z7x5h9571RJssh5JwLD - Binance
• TQqnC5stKqWU9XP3QXkdYvr3rWYPtSn2Fv - Binance
• TCeZWroJwomaknFG2hkfbqB7yFWaUWoV3o - Binace

THw9axhbN68aHxFuQsh8Mswi9c4rkStkuA - Hacker 350K UK 11

• TTCXGPxjMswsvejaLotfCCWAK1EKiTveaz - [44.69M sent here]
• TDvRhqyGMW5NuZjhiAmEmYuXrSZ4bdZtmu - [9.3M sent here]
• TJyGgbhqfpioRdKPznyVku9ReyQMj2BsdK - [7.12M sent here]...

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Content cut off. Read original on https://www.reddit.com/r/CryptoCurrency/comments/199hd4g/unraveling_a_40m_investment_scam/

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The original was posted on /r/cryptocurrency by /u/PsilocybinOfLegend on 2024-01-18 07:38:44+00:00.

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Hello. I have around $250,000 in cash in Russia which I've received from selling two properties. I was able to find an exchange which takes cash at their office location, and puts it on your online crypto exchange account. You then trade that money for crypto, such as BTC, ETH, DAI, or USDT.

So here's my plan so far:

1. Buy around $10,000 - $20,000 USDT at a russian crypto exchange at a time using cash.
2. Withdraw crypto (either USDT, or BTC) to my hard wallet
3. Deposit crypto from my wallet into an american crypto exchange, buy USD with my crypto (USDT, or BTC in my case), and then withdraw into my american bank.

I have a few questions in regards to this plan, and was wondering if someone could help me.

1. I've heard horror stories of AML guidelines being triggered from big deposits from other wallets, or withdrawals to your bank. I would rather avoid that, but I am not sure how. Surely, a wallet which has received large sum of crypto from a shady Russian exchange might trigger some red flags when I attempt to deposit. How can I make sure my funds are safe?
2. I've heard that USDT is not safe, and that its nature as a smart contract makes it possible for funds to be frozen, even when on my wallet. I only have four options - BTC, USDT, DAI, and ETH. I like USDT because it's stable, and I am not going to lose any money when transferring, but maybe it's not the best choice for this? What are your recommendations?
3. How would I explain a large inflow of money from a crypto exchange to IRS? Providing Russian documents seems funny, I doubt they hold any legal merit even when translated and notarized. Not saying anything seems like a recipe for disaster too. What can be done in this case?

Thank you very much in advance

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The original was posted on /r/cryptocurrency by /u/CryptoNerd_16 on 2024-01-18 06:54:33+00:00.

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Davos, Jamie Dimon, the CEO of JPMorgan, mocked Bitcoin, referring to it as a "pet rock." He simply claimed that it is useless and connected it to doubtful activities like hiding taxes and fraud. Dimon has long been an opponent of Bitcoin, believing it to be very dangerous. He's okay with others investing, but he strongly warns against it. He even made a joke about removing any trader at JPMorgan who was discovered using Bitcoin.

How do you take Dimon's comments? Do you believe that Bitcoin is just an useless "pet rock"? Tell your opinions on his warnings and how you think Bitcoin fits into the bigger framework of things.