Even so, all reputable charities have a way to do honest accounting with rich anonymous donors or else that would be a real easy way to wash dirty money.
But if this guy wasn’t concerned about washing it and thought to leave that to the charities idk. He was a hacker, not an accountant for a cartel, so can’t expect much.
But yeah giving away billions of stolen money would be a lot harder than some in the thread seem to think it is. I mean, technically you can give it via crypto but is it then of use is an other question
Wouldn’t turning it into cash in separate transactions over some time and then paying it in via proxy be enough to make it untraceable from him? If you knew which charities, I think you’d still be able to track it down, but done that way this is also untraceable.
Money leaves a trail by itself, it doesn’t magically disappear and reappear somewhere else
I mean no, it doesn’t, youre right.
Declaring income would be what most of those charities ans whatnot would prolly need to do somewhere at least. So I find this story dubious.
At the same time though, it is technically possible for him to have put money on crypto and email someone the keys to the wallets.
Even so, all reputable charities have a way to do honest accounting with rich anonymous donors or else that would be a real easy way to wash dirty money.
Yeah my point exactly.
But if this guy wasn’t concerned about washing it and thought to leave that to the charities idk. He was a hacker, not an accountant for a cartel, so can’t expect much.
But yeah giving away billions of stolen money would be a lot harder than some in the thread seem to think it is. I mean, technically you can give it via crypto but is it then of use is an other question
Wouldn’t turning it into cash in separate transactions over some time and then paying it in via proxy be enough to make it untraceable from him? If you knew which charities, I think you’d still be able to track it down, but done that way this is also untraceable.
We’re talking about billions. If he was converting $100,000 of that $4b per day, he’d clean his money in… about 109 years.
There is a huge business of money laundering built specifically for this purpose. Any hacker worth their salt should know someone or some place.