[cobookman]

If he instead started to draw NFTs, and sell it from his KYC account to his dirty wallet, could he still be convicted? What if only one out of every 100 NFTs his dirty wallet purchased was from his KYC account?

Or what if he decided to create his own crypto-currency and it just so happened that his dirty wallet was an early investor of ETH to his fund.

Seems like he could have done more to distance himself.

[arcticbull]

> Seems like he could have done more to distance himself.

Bitcoin's public ledger makes transactions into prosecution futures.

This is why it's such a poor choice for revolutionaries and funding the marginalized. You leave a permanent indelible public record in posterity that will in the course of time be de-anonymized, automatically, and traced back to you.

[cobookman]

Is it illegal to sell your artwork at an auction, and a criminal happens to be the one to buy it? I honestly don't know.

is the onus on an artist or on an "auction house" to vet buyers. If post sale it turns out the money was fraudulent, does the artist need to pay it back?

In crypto terms. You the artist simply put a NFT up for auction at OpenSea. You the scammer happened to purchase the artwork on OpenSea. However KYC is not well enforced, enabling for money laundering between the two wallets.

[dragonelite]

Yeah somehow those crypto expert on social media don't even think about it, when they shout bitcoin will fix this.

[raducu]

But you could exchange the bitcoin for moneor and then back to bitcoin, and that would make things harder for investigators, right?

[toomuchtodo]

> Seems like he could have done more to distance himself.

On a value system with an inherently public ledger that eventually has to hit a fiat off ramp with KYC/AML requirements? Nah. Everyone has quality opsec until they don't, and the record of your criminal activity is immutable and highly durable.

[voldacar]

You can just sell the bitcoin for monero, then sell the monero for btc.

also, as time goes on, the proportion of btc that are "dirty" approaches 1, so these chainalysis strategies become less effective, assuming you aren't stupid enough to do some criminal act then cash out at a kyc exchange the next day from the same wallet

[EVa5I7bHFq9mnYK]

Suppose he deposited it into AlphaBay and then withdrew from AlphaBay, and FBI didn't seize AlphaBay's logs. Where is the criminal immutable durable record now? There is no proof of connection between incoming and outgoing coins. Same principle with mixers.

[saalweachter]

Start a PAC for the decriminalization of money laundering, accept donations at a Bitcoin address, pay yourself a million a year to run it.

[twox2]

There wasn't a big NFT market until very recently.

[classified]

I'm not sure giving advice to strangers on the internet on how to commit a successful robbery is a good idea.

[jacquesm]

That will only add a charge of 'money laundering' to the list.