According to Binance, the funds received in the account were exchanged from Monero back into Bitcoins. According to the KRP report, most of the funds were again transferred onwards, this time in two different directions.

Binancen mukaan tilille tulleet varat vaihdettiin Moneroista takaisin Bitcoineiksi. KRP:n selvityksen mukaan suurin osa niistä siirrettiin jälleen eteenpäin, tällä kertaa kahteen eri suuntaan.

Another path followed by the KRP led police from Binance to an online service that promises to exchange virtual currency for cash instantly.

Toinen KRP:n seuraamista poluista johti poliisin Binancesta erääseen verkossa toimivaan palveluun, joka lupaa vaihtaa virtuaalivaluuttaa rahaksi välittömästi.

The dates of the transfers also coincided perfectly with the payments traced by the KRP.

Siirtojen ajankohdat myös menivät täydellisesti yksiin KRP:n jäljittämien maksujen kanssa.

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[–] [email protected] 1 points 22 hours ago (2 children)

the getmonero website should really remove the false "untraceable" claim and change it to "hardly traceable" or something similar. We all know statistical analysis is possible on Monero.

The guy should have waited and churned.

[–] [email protected] 1 points 19 hours ago (1 children)

Monero is untraceable if used correctly. Aleksanteri Kivimäki was not busted because of "Monero tracing". I don't believe anyone has, usually it is simple amount and timing analysis on the swaps in and out of Monero. If someone gets a 5000 XMR ransomware payment and a random guy suddenly deposits 5000 XMR into a centralized exchange, of course you can "trace" that but you are tracing metadata, not Monero itself. Monero is only one tool in the opsec belt.

[–] [email protected] 2 points 19 hours ago

There are many cases where you can be traced whether you use it correctly or not.

The untraceable claim is just marketing bullshit. Until the major issues are fixed, it will remain flawed and will give a false sense of security.

Few people here knows how to properly break traces, and using it normally isn’t the way to do it (even though it orders of magnitude better than every other cryptocurrency)