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“it can’t be that stupid; you must be explaining it wrong” but from the judge at your bench trial
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Jan 3, 2024 04:21
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Didnt someone spam tiny transactions from the tornado mixer just to get the recipient accounts put on the related accounts blacklist
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Jan 3, 2024 05:26
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Tunicate posted:Didnt someone spam tiny transactions from the tornado mixer just to get the recipient accounts put on the related accounts blacklist effective altruism
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Jan 3, 2024 05:49
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RPATDO_LAMD posted:so if the sender is just some anonymous nobody (for example it's a scammer cashing out their ill gotten gains and the money came directly from a mixer address) do you have to return the money? turn it over to the irs? write "idk" on the form and go on with your life? that's literally how it works for banks edit: that is: reject, return, report FAUXTON posted:hahahahahaha hahahahahahahaha hahahahahahaha loving lol they have to file CTRs on their own and if they don't it's a big ol felony yuuuuuuup Potato Salad fucked around with this message at 06:09 on Jan 3, 2024 |
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Jan 3, 2024 06:06
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actually I don't think most banks would return blind, they'd call the sending institution first and (1) try to figure out wtf happened and (2) make sure the sender isn't some sanctioned party or obvious criminal/terrorist enterprise
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Jan 3, 2024 06:11
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ymgve posted:some bitcoin billionaire just got the chance to felonize anyone with a public address or more realistically, anyone with a pile of illiquid shitcoins
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Jan 3, 2024 06:15
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kw0134 posted:if you received it out of the blue, you can probably hand it over to an attorney to hold in trust while she goes to the various agencies and ask them how to handle it so you don't get hit with a felony AND becoming embroiled in larger felonies after the fact. if you got sent a large pile of money for no adequately explained reason, there's not really a "holder in due course/good-faith receipient" exception to handling hot funds, someone's gonna assume that you did something to deserve that money and make you an accomplice to whatever crime generated those funds in the first place. but it might be the case that the buttcoins aren't proceeds of cr - hahahahaha no never mind
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Jan 3, 2024 09:42
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one thing to note - the law wasn’t amended to say $10k worth of crypto requires reporting. all digital asset transfers require reporting according to the new statute. it’s $10k in cash or any digital asset.
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Jan 3, 2024 14:07
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Since every satoshi is guaranteed to be worth billions in the near future, the rule should be that bitcoin transactions of any amount should be reported.
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Jan 3, 2024 14:10
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Paladinus posted:Since every satoshi is guaranteed to be worth billions in the near future, the rule should be that bitcoin transactions of any amount should be reported. that’s what the law as amended says. i don’t know if they updated the treasury regs or forms yet.
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Jan 3, 2024 14:13
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i just found reporting on the treasury regs which kicked the actual reporting requirements back to 2025. 
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Jan 3, 2024 14:14
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FAUXTON posted:hahahahahaha hahahahahahahaha hahahahahahaha loving lol they have to file CTRs on their own and if they don't it's a big ol felony
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Jan 3, 2024 14:18
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lol these guys are literal children if they think "haha ill just do two 5k transactions, how has no one involved in financial crime ever thought of this, im so smart to get out of reporting requirements this way"
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Jan 3, 2024 15:20
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EricBauman posted:lol these guys are literal children if they think "haha ill just do two 5k transactions, how has no one involved in financial crime ever thought of this, im so smart to get out of reporting requirements this way" worst attempt at structuring since a man insulated his stairs
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Jan 3, 2024 15:24
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load bearing transactions
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Jan 3, 2024 15:39
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infernal machines posted:load bearing transactions laying crime bare
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Jan 3, 2024 19:00
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EricBauman posted:lol these guys are literal children if they think "haha ill just do two 5k transactions, how has no one involved in financial crime ever thought of this, im so smart to get out of reporting requirements this way" truly sophisticated crypto traders know that you actually split it into 4 transactions of 2499.99 each
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Jan 3, 2024 19:20
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For some inexplicable reason, they are remaking that awful Bitcoin cartoon. https://www.youtube.com/watch?v=uDLOBzhZIB0 Worse yet, Bitcoin is not even pissed on by homeless people in this one. They've also removed the original trying to hide the truth. Wouldn't have happened if the cartoon was on blockchain.
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Jan 3, 2024 19:36
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Magic Underwear posted:truly sophisticated crypto traders know that you actually split it into 4 transactions of 2499.99 each
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Jan 3, 2024 19:55
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qirex posted:when I worked for banks they had extensive aml/ofac training and there's some interesting stuff in there like how people doing structuring [or other fraudulent transactions] don't use enough repeat digits or zeros and ones in their amounts because $8,923.76 looks more "organic" to a human than something like $8,886.10 but computers are very good at catching those happening more often than they should Benthams law right? like they think every number should be evenly distributed when it actually isn’t?
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Jan 3, 2024 20:21
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Does it have anything to do with a small merchant / service provider typically having a combinatorially tiny space of possible prices for their work?
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Jan 3, 2024 22:11
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Isentropy posted:Benthams law right? like they think every number should be evenly distributed when it actually isn’t? Benford's, but yes. 1 is surprisingly common as the leading digit in many real-life data sets...
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Jan 3, 2024 22:17
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speaking of financial crimes we’ve cut out the middleman and bring the fraud straight to you https://arstechnica.com/tech-policy/2024/01/crypto-hedge-fund-ceo-may-not-exist-probe-finds-no-record-of-identity/ the ceo of a “crypto hedge fund” worth a billion dollars literally does not exist
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Jan 3, 2024 22:47
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Paladinus posted:For some inexplicable reason, they are remaking that awful Bitcoin cartoon. if only someone had made an NFT of the original no one could remake it
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Jan 3, 2024 22:48
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Luigi Thirty posted:speaking of financial crimes we’ve cut out the middleman and bring the fraud straight to you lol woz is such a dupe
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Jan 3, 2024 23:01
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qirex posted:lol woz is such a dupe
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Jan 3, 2024 23:03
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Luigi Thirty posted:speaking of financial crimes we’ve cut out the middleman and bring the fraud straight to you was he on the blockchain? no? then he does not exist, quod proctor sum est, checkmate fiatailures
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Jan 3, 2024 23:16
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arsecoin
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Jan 3, 2024 23:58
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https://x.com/molly0xFFF/status/1742679001418645965?s=20 sec found UST and LUNA to be securities
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Jan 4, 2024 00:05
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Insecurities, more like. Or dangers.
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Jan 4, 2024 00:06
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more falafel please posted:https://x.com/molly0xFFF/status/1742679001418645965?s=20 oh for fucks sake which one is UST again is that tether are there even lols here
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Jan 4, 2024 00:07
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...! posted:arsecoin wow rude
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Jan 4, 2024 00:13
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FAUXTON posted:oh for fucks sake which one is UST again is that tether are there even lols here I think that UDST. UST is Terra coin I think, the "algorithmic stablecoin" that was supposed to stay pegged to a dollar through math and magical thinking. The one died in a spectacularly hilarious fashion in exactly the way everyone predicted it would.
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Jan 4, 2024 00:17
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mrmcd posted:I think that UDST. UST is Terra coin I think, the "algorithmic stablecoin" that was supposed to stay pegged to a dollar through math and magical thinking. The one died in a spectacularly hilarious fashion in exactly the way everyone predicted it would. couldn't handle being pegged by lady liberty
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Jan 4, 2024 00:21
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Weatherman posted:was he on the blockchain? no? then he does not exist, quod proctor sum est, checkmate fiatailures
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Jan 4, 2024 00:53
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qirex posted:lol woz is such a dupe woz's brain is literally mush, and he believes his own hagiography
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Jan 4, 2024 01:06
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infernal machines posted:load bearing transactions are they UL certified? UL80085-1337: load bearing Blockchain transactions has a pretty strict standard.
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Jan 4, 2024 01:11
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Sweevo posted:woz's brain is literally mush, and he believes his own hagiography He's also always been a credulous doofus, see also the ways/times Worse Steve ripped him off over the years.
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Jan 4, 2024 01:37
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https://arstechnica.com/tech-policy/2024/01/crypto-hedge-fund-ceo-may-not-exist-probe-finds-no-record-of-identity wowee, lookit that!
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Jan 4, 2024 01:52
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JAnon posted:wowee, lookit that! we did, three hours ago
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Jan 4, 2024 01:54
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