Not surprising.

The use of coinjoin/mixing services is the new getaway for hackers since centralized exchanges are more regulated now and often asks KYC. They've been using it more and more since 2019 as shown in the study made by Chainalysis

I wouldn't be surprised also if we see another round of posts/articles accusing mixers/coinjoin services of aiding money laundering.

I believe Chipmixer, being centralized, is also capable of blocking those btc's if they wanted to but that would put a huge dent on their reputation.

It's a no-brainer for those who know what they're doing to do some mixing before transferring it over to an exchange, but my golly I can't believe that some of them actually had the guts to do a YOLO and send directly to an exchange without mixing first. Though of course, there's a possibility of stolen identity but still, the exchanges should have been alerted of those coins coming in on their platform to at least freeze the coins and check who is behind the possible transaction and be the hero of the day.


This is not new considering that all they do is just mix coins and make it untraceable, regardless of whether the coins they receive are tainted or not. This is the main reason why governments are having their eyes peeled on mixers and regulators keen on passing some regulations against this kind of service as they see it as a form of money laundering tool that is easily accessible.


Pretty sure ChipMixer will hold their ground. They're in hot water for similar things for years now but they remain operational and still going strong amid all these scare and whatnot.

They are hackers and thieves, for sure they are aware of the usage of mixers and even thought of it as part of their plan.

Probably it's the first choice.

It's likely that they were able to exchange it for fiat already and that makes them harder to track since they've used a mixer for those funds.

I posted a topic detailing how mixing services must be doing more harm than good to crypto by exchange dirty funds for a clean one. A lot of people query my post citing that the fact that bad people use it doesn't make it a bad services but the truth is that most people that patronize the services use them to clean stolen crypto. It is a matter of time before many of this service providers being charged for abating crime and money laundering

finally, these guys are going to be fished out! these bitcoin mixers are good at keeping transactions very secured and anonymous but i bet there are other solutions that can go beyond the ordinary and locate these wallets and where the bitcoins are sent to. Will be happy to hear what really comes out of this follow up!

Its no surprise because if you do consider yourself a hacker then you arent just dumb to cashout those coins without using any mixers or not trying to erase your trails.

Seen that some of the coins are still unspent but it would just be heading on the same way if they do want to cash it out then theres no way that someone can track them up.

with just using up some mixers will already do the job done.No hacker would be careless and letting themselves to put in the danger of jail rails.

So there is actually about 14.4% of the fund (2.8% cashed out and 11.8% on other) is spent without going into Bitcoin mixer? I am wondering how did that happen, are the scammers not aware of the risk of being caught when using Bitcoin or something?

No, they can't because bitcoin is decentralized, not like USDT or some centralized cryptocurrency. [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets. No one on the network or from any government can freeze or lock your bitcoin. In the other words, you have keys, you have your coins. Remember the story is different if you store your bitcoin on exchanges, not on your wallets.

They were probably very self confident thinking no one will disover what thry are doing and no one will track theur lead. Unfortunately this just shows that in many cases hackers and scamers still have pretry easy job. The big mistakes were made by Twitter two and they will need to explain a lot of issues in their security
Bitcoins that were going through mixers will probably never be traced