Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: mu_enrico on March 21, 2023, 07:50:01 PM
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Recently, the largest Bitcoin mixing service, Chipmixer, was shut down as a result of an investigation by the U.S. Department of Justice (https://www.justice.gov/opa/pr/justice-department-investigation-leads-takedown-darknet-cryptocurrency-mixer-processed-over-3). This is not the first time that a Bitcoin mixing service has been targeted by law enforcement agencies. In the past, both BestMixer and Tornado Cash were also shut down.
The closure of these services suggests that the authorities are cracking down on these anonymizing services. It is possible that smaller services may also be targeted in the future if they become more significant. This raises concerns about privacy. Bitcoin users who want to protect their identities and transactions will now have to find alternative ways to do it, but what? Even with coinjoin/privacy wallets, these things can also be taken down if they get bigger.
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I do not know, but many sites seem to keep personal data secret
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Real criminals try to use only anonymous cryptocurrencies. For example: DASH, XMR, ZEC, XVG, etc.
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can a privacy wallet like exodus get taken down?
Even if that happend, you would still be able to acess your coin beccause of your private key.
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can a privacy wallet like exodus get taken down?
Even if that happend, you would still be able to acess your coin beccause of your private key.
I don't think Exodus is a privacy wallet...
Privacy wallet is like Wasabi or Samourai, these wallets have their own integrated mixing service.
I've never used these wallets, but my guess is they still use common public-private key pairs so users can export/swipe their coins to other generic wallets.
In case of take down, probably only its mixing service, so users' funds are safe.
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Real criminals try to use only anonymous cryptocurrencies. For example: DASH, XMR, ZEC, XVG, etc.
Real criminals more likely use fiat currencies as they know already how to do it and use fiat for decades. All crypto is too small. Of course some criminals use some crypto as well, but I don't think that many. ???
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Again, law enforcement agencies (from any country) is strong on the weak and weak on the strong. I look forward to the day (although I don't think it will ever come) when these agencies decide to investigate Deutsche Bank, Credit Suisse and many other banks where money, gold, jewelry and art have been kept for decades. In any case, what is most used for criminal acts continues to be and will continue to be cash, as agencies and governments point out the one thing they can't control, crypto.