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0 points3234y ago0 comments

This is $2 mil of clean money.

> This could’ve easily been a bug worth hundreds of millions of dollars

That doesn't mean that you could find someone to give you $100 mil, clean or unclean.

0 comments

We have atomic swaps to monero now, cleaning your stolen eth is easier than ever.

How are you going to turn that into actual goods and services though? You'll still need to go through an exchange with KYC and AML and the IRS will still be asking questions.

rosndo4y ago

IRS doesn’t care as long as you pay taxes on the money.

KYC and AML? Just lie that you mined the monero on a now defunct pool. I have a plenty of coins that I genuinely acquired in such manner and haven’t had issues selling them. The bank only cares about hearing a vaguely consistent story, they aren’t cops.

The KYC stuff will only become a problem if you get caught via some other means, because lying to the bank is a crime.

2 more replies

blendergeek4y ago

Or, the criminal could buy goods and services with the monero directly.

The IRS will ask questions of those people, but not the black hat "security researcher".

1 more reply

colinmhayes4y ago

Swap to monero, buy an NFT from yourself, convert to fiat, pay taxes. Now your money is clean, taxed, and you have an explanation for where it came from.

1 more reply

saagarjha4y ago

In past threads I’ve heard about exploit brokers and how their rates are typically much higher than bug bounties. If Hacker News commenters know about these avenues I’m sure bug hunters can find ways to cash out for more money. Calling it unclean is stupid anyways, since the company clearly isn’t paying enough for bugs in their own service…this is the same kind of thinking that leads to “responsible disclosure” and all that junk.

j / k navigate · click thread line to collapse

0 comments

rosndo4y ago

We have atomic swaps to monero now, cleaning your stolen eth is easier than ever.

aqme284y ago

How are you going to turn that into actual goods and services though? You'll still need to go through an exchange with KYC and AML and the IRS will still be asking questions.

rosndo4y ago

IRS doesn’t care as long as you pay taxes on the money.

The KYC stuff will only become a problem if you get caught via some other means, because lying to the bank is a crime.

2 more replies

blendergeek4y ago

Or, the criminal could buy goods and services with the monero directly.

The IRS will ask questions of those people, but not the black hat "security researcher".

1 more reply

colinmhayes4y ago

Swap to monero, buy an NFT from yourself, convert to fiat, pay taxes. Now your money is clean, taxed, and you have an explanation for where it came from.

1 more reply

saagarjha4y ago

j / k navigate · click thread line to collapse