Unfiltered

Tumbling or Gambling, How To Turn Dirty Money Into Clean

So Hypothetically you have got some dirty bitcoin on your hands, and you have no idea how to use them without getting caught or shamed, then stay a while. Congratulations, this is the right place to stop by. There are a lot of things you could do, but first, calm the f*ck down.

A thief may leave traces that are undetectable now but could be uncovered in the future, inspiring a retroactive investigation.

You need to know if you are taking a calculated risk, considering that the Bitcoin forensics is getting better and better as programmers figure out new ways to extract information from the blockchain, things may lead you to jail or bankruptcy in the future. The industry is young and if now is your time then take your chances, but first get that money to clean up itself.

Laundering Bitcoin is done with “mixers,” also called “tumblers,” which randomly crisscross or shuffle your bitcoins with other users’ bitcoins so that you get a clean get ahead card. The address is replaced by another one in a fashion that the blockchain cannot connect with any of the addresses from which the coins were stolen.

It is give and take or a basic exchange basically. It works by, you requesting 10 bitcoins, and the tumbler transferring 10 bitcoins to your clean address.

This can be done in various ways, in multiple steps and in a way that it is super hard to cause any alarms. Some very extra-careful tumblers may also split these payouts further, especially if it is a noticeably large number of bitcoins.

The tumbler is only accessible through the anonymized Tor network, making it difficult for law enforcement to trace traffic to it or discover the people behind it. Yes, a dark web never hurt anyone. (unless except, when people order hit men and other people die.)

Another option is to launder the money the way the mob might: spend it at Satoshi Dice or another Bitcoin casino. This means multiplying it or losing some of it, risky risky, super risky. If you do use it, let us know, maybe we could get you covered in a movie based on your plot.

Bitcoin Fog, is another way to manipulate the fund and bounce it off in a cleaner fashion. It is one of the most obvious and well chosen way to launder money discreetly but also quite openly at the same time.

Whatever you do, just stay clear! Don’t get into any trouble and be legal. Thank you accepted!

Show More

Khunsha Javed

A Filmmaker, PR enthusiast & Editor of BlockPublisher-Unfiltered. I like things that make my brain tingle. Email: khunsha@blockpublisher.com or editor.unfiltered@blockpublisher.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.