Disinformation alert. This person was dumb enough to have Bitcoin trade it for Monero and then trade it back to Bitcoin and send it to a centralized exchange. Monero itself was not traced. The amounts into and out of Bitcoin were traced, and then the person was dumb enough to send it to a centralized exchange to cash out. Stupid fuck.
dumb Stupid fuck.
Perhaps, you never know. it’s a little hard to believe that someone with technical skills would fail like that. is it also possible this event was done like that so they could falsely claim Monero was traced? yes.
Later in the future I expect several fabricated events to make Monero look real bad in headlines, not just “traced”
Number one is do not use BTC or any other coin with a public ledger, this is not money.
The best thing to do is just use your Monero as money, buy things you need or want and pay people for services with it. You can also donate it to a good cause.
Only 1/3 of the orgs that I dontate-to accept bitcoin. None of them accept monero.
It sounds like they went BTC -> Monero -> BTC. It’s not outlined explicitly in the article, but I am guessing it’s the on/off ramping that got him popped.
Lol, hard to believe that they really think this kind of misleading news can scare “big” hackers.
Kivimäki has not pleaded guilty yet
Kinda fucked up they say “yet” and lead the reader to believe they’re guilty
Could someone explain to me how he got caught?
Apparently, by being stupid. See https://lemmy.zip/comment/6851063
In essence, he got caught because he traded a certain amount of bitcoin for Monero and then traded a similar amount back? Wouldn’t converting to Monero stop the trail right there? Would converting from Monero to Bitcoin in smaller quantities have helped him evade the authorities? How did using bitcoin let them track him?
What would people do if they want to pay in crypto but the service only accepts bitcoin?
Finnish investigators from the National Bureau of Investigation (KRP), with the help of Binance, followed the trail of payments to Kivimäki, who exchanged the funds for Monero and then exchanged them back to Bitcoin.
What probably happened is that he extorted Bitcoin from a known entity, then he went to Binance and traded that Bitcoin for Monero, then sent a similar amount of XMR to Binance to exchange again for BTC thinking he was covering his tracks.
