This isn’t justice, not even close. Governments seize stolen crypto and no bad players ever get punished. Real holders never see their money again... Sounds like a robbery in disguise.
The Great Crypto Heist of the 21st Century
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Why act surprised? When the US got into Bitcoin, it was clear they didn’t plan on buying it. Just freezing funds from scams and mixers to hold for themselves. You really own nothing if it's centralized... They hate privacy coins for a reason.
Exactly! The US has taken heaps of Bitcoin, mainly from mixers or dark web sites. That money goes into their reserves, not back to real owners. And they pretend to care about ill-gotten gains while keeping it for themselves.
Every time governments take action, it raises questions. Any money grabbed from criminals should go back to victims or straight to a burn address. Keeping it feels like the same as using stolen goods.
You really think they’d burn it? I doubt it. Even if they did send funds to a burn address, they could still control it later. They might pretend to give coins back but keep them locked up.
Tracing the rightful owners is complicated with mixers. They don't just magically know who to return the funds to. If it takes too long, they may just give up. Would it help to use the money for good causes instead?
Classic government move. 'That’s dirty money? Hand it over!' Then what do they do? Stash it away for themselves while claiming a moral high ground. Total double standards!
It’s not surprising seizures and mixers have been ongoing. Any refunds for seized mixer funds? Haven’t seen any reports of that happening yet.
Reminds me of the ChipMixer case in Germany. They seized everything and drained users' accounts. It’s theft, but how can anyone stop a government?
When funds can't be traced, burning them seems like the best option. But governments see Bitcoin as a valuable asset, not like illegal drugs.
Sounds like the 'stationary bandit' theory fits here. The state robs the wandering bandits and keeps the loot, claiming to care for their citizens. No real difference between criminals and the government here.
AtomicRavenNewbie
Posts: 128 · Reputation: 29
#12May 25, 2022, 03:21 AM
Yeah but who are the rightful owners really? A darknet mixer isn’t exactly a safe bet for innocent users. Bet those using mixers aren’t exactly law-abiding either.
It's a joke that they’d burn the coins instead of using them for something productive. They see the money's value, so no way they would just throw it away.
Talk about an excuse! The focus should be on arresting the real criminals and tracing funds. They could track it if they wanted to. Blaming mixers is just a cover.
Not the first time for the US, right? When they grabbed Maduro’s stuff, part of it was labeled as Bitcoin. They didn’t even clarify how they’re acquiring it.
Exactly, this isn’t new. Back when BTC-e was shut down, no real effort went into helping those affected get their coins back.
So do we consider wanting privacy illegal? If no, then why the crackdown on people wanting to use mixers? Chainalysis isn’t really helping either.
Are you just realizing this? It’s been the case for a while. The US has a stash of seized assets, but no transparency about how they’re used.
quantumhashNewbie
Posts: 78 · Reputation: 29
#19May 27, 2022, 01:49 PM
Lol if you think finding them is easy. On the dark web, everyone hides. The mixer owner was caught, but that doesn’t reveal every user. Good luck tracking that.
Mixers already have a bad name, especially in the U.S. They’ll claim ownership of any seized assets, cleverly twisting the laws to fit their agenda.