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OTCbid - Can crypto mixers adapt to survive US authority prosecution?

 

 

 

 

 

 

 

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" Cryptocurrency mixers face a dilemma between preserving financial privacy freedom or embracing increased compliance measures to avoid U.S. scrutiny.

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Tornado Cash — a cryptocurrency mixer service that can hide the origin of crypto transactions — hit the headlines after being sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) in August 2022. 

The mixer opened Pandora’s box, igniting an open debate about the role of mixers in ensuring personal financial privacy when using cryptocurrencies.

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U.S. authorities have continued sanctions against these services, with Sinbad.io being the most recent big player under OFAC sanction. Tornado Cash and Sinbad have been taken down by the FBI, with the U.S. Treasury accusing them of facilitating billions of dollars in illicit transactions, particularly those of North Korea-based hacking group Lazarus.

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An anonymous representative of mixing service Mixero told Cointelegraph that mixers, such as Tornado Cash and Sinbad, are popular with North Korean hackers because of their “substantial cryptocurrency reserves, which enable North Korea to transfer large amounts at once, thus saving time.”

".- Read More

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Source: Cointelegraph

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700K-800K BTC SELLERS AVAILABLE

 

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NEW:700K-800K BTC @ -8% Gross, -5% Net - Look For Buyer 

( Sellers: PALPH...SAPIP-GAIL )

Post: 14.12.23

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• Two Sellers are selling 700K and 800K BTC respectively @ -8% Gross, -5% Net.

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• Buyer = 5%

• Sellerside =1.5% 

• Buyerside = 1.5%​

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• PROCEDURE :

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• Two private seller networks ( with seller mandates ) representing 700k BTC and 800K respectively BTC for sale.

• Option for Buyers to close deals F2F with Sellers if preferred.

• Tranche purchase is also possible by agreement between Buyer and Seller(s)

• Looking for Buyers who have SEPA to proceed

• Possible( EU )  Banking facilities

• There are alternative Banking options for deal settlement in the US and UAE

• Commission payments to Buy and Sell Side consultants / intermediaries under the terms of the SPA

 

BUYER MANDATE ONLY

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Interested parties should contact :

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• OTCbid@gmail.com

• DM Raymond Chai (on Linkedin)

• OTCbid.com