Silk Road forums

Discussion => Security => Topic started by: beavis2k on July 05, 2012, 07:40 pm

Title: how to launder & cashout large amount btc?
Post by: beavis2k on July 05, 2012, 07:40 pm
Hi SR,

If someone wanted to clean money through bitcoin, howto?
Talking about btc not from SR but newly deposited.

What would you suggest?
Can current laundry's/mixers support 1-2k+ daily btc volume?
What exchangers do you guys suggest? How to get money in-and-out as fast as possible?

lots of questions so I would be very thankful if someone could give me some insights.

Thanks
Title: Re: how to launder & cashout large amount btc?
Post by: UKMJ on July 05, 2012, 08:36 pm
if you are serious I suggest sending a PM to Limetless and/or vlad1m1r, this is their area of expertise, dont expect it to be discussed in public
Title: Re: how to launder & cashout large amount btc?
Post by: ilovelsd69 on July 06, 2012, 02:04 am
if you are serious I suggest sending a PM to Limetless and/or vlad1m1r, this is their area of expertise, dont expect it to be discussed in public

With 3 post i don't know if they will trust him.. I think such advices cost money too  ;)
Title: Re: how to launder & cashout large amount btc?
Post by: UKMJ on July 06, 2012, 08:51 am
I expect you are correct and yes services/advuce costs BTC
Title: Re: how to launder & cashout large amount btc?
Post by: MojoMan on July 06, 2012, 10:05 am
if you are serious I suggest sending a PM to Limetless and/or vlad1m1r, this is their area of expertise, dont expect it to be discussed in public

With 3 post i don't know if they will trust him.. I think such advices cost money too  ;)

Doesn't matter if you can trust him or not, if he's paying for the advice then he's paying for the advice. Money laundering techniques won't get shut down just because law enforcement know about them, that's the whole point of them.

Definitely ask Limetless, this is his bag and he's good at it.
Title: Re: how to launder & cashout large amount btc?
Post by: vlad1m1r on July 06, 2012, 10:26 pm
if you are serious I suggest sending a PM to Limetless and/or vlad1m1r, this is their area of expertise, dont expect it to be discussed in public

Many thanks for the referral UKMJ - I can assist in laundering small amounts i.e less than USD 7,000 per month. Limetless has more experience with this sort of thing if you're trying to clean large amounts of cash.

I can launder Bitcoins for users as well as buy them for cash, OP is welcome to message me for details.

V.
Title: Re: how to launder & cashout large amount btc?
Post by: eJ3k1 on July 06, 2012, 10:38 pm
I guess you have to find a btc exchange that will deposit your funds to a Swiss or Caribbean bank account. I have no idea how it would work.

This is an interesting subject, just for curiosity. I'm gonna follow this topic
Title: Re: how to launder & cashout large amount btc?
Post by: beavis2k on July 08, 2012, 10:05 am
The offshore bank account isn't the issue. These are easy to setup and I'm sure most exchangers let you withdraw to offshore accounts if proper docs are submitted and KYC etc...is followed..

 My main issue is finding the mixing services which fully support this volume so that my cashflow is totally anonymous and I don't have to depend on the plausible deniability that bitcoin and offshore corps provide.
Exchanging for cash isn't really an option with this volume for me.

I will sent Limetless a PM

Thanks to everyone for the advices so far
Title: Re: how to launder & cashout large amount btc?
Post by: vlad1m1r on July 08, 2012, 06:00 pm
The offshore bank account isn't the issue. These are easy to setup and I'm sure most exchangers let you withdraw to offshore accounts if proper docs are submitted and KYC etc...is followed..

 My main issue is finding the mixing services which fully support this volume so that my cashflow is totally anonymous and I don't have to depend on the plausible deniability that bitcoin and offshore corps provide.
Exchanging for cash isn't really an option with this volume for me.

I will sent Limetless a PM

Thanks to everyone for the advices so far

Hi beavis2k,

If that's all you need then there are several ways to cover your tracks. I'll leave it to Limetless to take you through it as he has more experience with handling larger sums.

V.
Title: Re: how to launder & cashout large amount btc?
Post by: elevatormusic on July 09, 2012, 04:21 pm
My main issue is finding the mixing services which fully support this volume so that my cashflow is totally anonymous ....

Thanks to everyone for the advices so far

Have you checked out bitcoinfog?  Could they handle this volume?
Title: Re: how to launder & cashout large amount btc?
Post by: vlad1m1r on July 09, 2012, 04:27 pm
if you are serious I suggest sending a PM to Limetless and/or vlad1m1r, this is their area of expertise, dont expect it to be discussed in public

With 3 post i don't know if they will trust him.. I think such advices cost money too  ;)

If I was that picky I'd never have any customers! :-)

V.
Title: Re: how to launder & cashout large amount btc?
Post by: ilovelsd69 on July 09, 2012, 10:03 pm
if you are serious I suggest sending a PM to Limetless and/or vlad1m1r, this is their area of expertise, dont expect it to be discussed in public

With 3 post i don't know if they will trust him.. I think such advices cost money too  ;)

If I was that picky I'd never have any customers! :-)

V.

So if someone got the money, you trust him automatically  ;)
Title: Re: how to launder & cashout large amount btc?
Post by: tootiefruitie on July 10, 2012, 04:11 am
i know limetless has said in the forums before, that in return for his fee, he sets you up with a plan that will cost a few thousand to implement, FYI.
Title: Re: how to launder & cashout large amount btc?
Post by: beavis2k on July 15, 2012, 12:56 pm
Thanks for the replies. I had some problems accessing the forums so my apologies for my slow response.
Bitcoinfog could not 100% handle my proposed volume. I've heared numerous times SR has it's own built-in mixer, anyone can tell me more about that, is it secure?

I don't have enough cashflow yet to spent such amount on consulting unfortunately.


Title: Re: how to launder & cashout large amount btc?
Post by: vlad1m1r on July 15, 2012, 05:24 pm
if you are serious I suggest sending a PM to Limetless and/or vlad1m1r, this is their area of expertise, dont expect it to be discussed in public

With 3 post i don't know if they will trust him.. I think such advices cost money too  ;)

If I was that picky I'd never have any customers! :-)

V.

So if someone got the money, you trust him automatically  ;)

So long as they pay, it doesn't matter in my case, I realise people dealing in drugs have to be a little bit more choosy about your customers! :-)

V.
Title: Re: how to launder & cashout large amount btc?
Post by: vlad1m1r on July 15, 2012, 05:31 pm
Thanks for the replies. I had some problems accessing the forums so my apologies for my slow response.
Bitcoinfog could not 100% handle my proposed volume. I've heared numerous times SR has it's own built-in mixer, anyone can tell me more about that, is it secure?

I don't have enough cashflow yet to spent such amount on consulting unfortunately.

Hi buddy, I ran some coins from various kinds of wallets (software, online, brain..) through SR and examined blockchain.info to check if SR's mixers works as promised. As far as I can tell it works perfectly in the sense you can't detect the original Bitcoin address from which Bitcoins are received. Having said this, for very large amounts SR's mixer wouldn't be much good as if you ran say USD 10,000 through it as the coins are mixed instantly and therefore a more detailed analysis of the block chain would show that amount of coins being sent to one address and shortly afterwards a similar amount being sent to another around the same time.

The advantage of using Bitcoinfog is that you can withdraw coins over a longer period of time and in random amounts which makes this kind of analysis much more difficult.

Do you necessarily need to mix all your coins at once? Could you send smaller amounts through Bitcoinfog so as to prevent such large amounts from being detected?

V.





Title: Re: how to launder & cashout large amount btc?
Post by: Limetless on July 15, 2012, 06:44 pm
Ahhh my favourite type of work.

Ok basically if you are doing $3000+ per calender month and need a solid solution that you can rely on for the long term then you should come to me. However I only work with vendors I can vet before hand and I generally require 50+ sales for you to be considered, I will still look through your feedback and info on the forums anyway and I'll let you know if we can go forward. My fees are 100BTC for a basic consultation, 150 for an advanced consultation and 250BTC for a bespoke corporate structure that will be tailored to fit your specific needs. I do require a few details from those I work with but this is generally to establish which type of package you need, most fall into the first two categories.

If you want a quick solution or are searching for cash then definitely use Vlad, he's experienced and solid. You wont go wrong with him.

Either way you will be in good hands, it just depends which you need. If you want a chat let me know. :)

Lim
Title: Re: how to launder & cashout large amount btc?
Post by: beavis2k on July 15, 2012, 07:39 pm

Hi buddy, I ran some coins from various kinds of wallets (software, online, brain..) through SR and examined blockchain.info to check if SR's mixers works as promised. As far as I can tell it works perfectly in the sense you can't detect the original Bitcoin address from which Bitcoins are received. Having said this, for very large amounts SR's mixer wouldn't be much good as if you ran say USD 10,000 through it as the coins are mixed instantly and therefore a more detailed analysis of the block chain would show that amount of coins being sent to one address and shortly afterwards a similar amount being sent to another around the same time.

The advantage of using Bitcoinfog is that you can withdraw coins over a longer period of time and in random amounts which makes this kind of analysis much more difficult.

Do you necessarily need to mix all your coins at once? Could you send smaller amounts through Bitcoinfog so as to prevent such large amounts from being detected?

V.

Thanks for the info V. Does the SR mixing work for any deposits/withdraws or only for seller accounts?
The source of funds is not from SR actually. Just would like to use bitcoin + mixer to clean the money trail at a cost-effective price.
 
I'm in contact with bitcoinfog and they are working on a system for internal payments which will be ready in August, this would probably solve my issue.
If it wasn't for the bitcoin<-->USD fluctuations I would have no problem keeping funds in a reliable mixer for a longer time period.
 For now, I want the money in and out of bitcoin as fast as possible.

@Limitless: Thanks for your offer.
The funds will not be from selling here though, so I don't know if we could establish the level of trust needed for this type of consulting.


Title: Re: how to launder & cashout large amount btc?
Post by: Boris Badenov on July 15, 2012, 07:40 pm
Thanks for the replies. I had some problems accessing the forums so my apologies for my slow response.
Bitcoinfog could not 100% handle my proposed volume. I've heared numerous times SR has it's own built-in mixer, anyone can tell me more about that, is it secure?

I don't have enough cashflow yet to spent such amount on consulting unfortunately.

Hi buddy, I ran some coins from various kinds of wallets (software, online, brain..) through SR and examined blockchain.info to check if SR's mixers works as promised. As far as I can tell it works perfectly in the sense you can't detect the original Bitcoin address from which Bitcoins are received. Having said this, for very large amounts SR's mixer wouldn't be much good as if you ran say USD 10,000 through it as the coins are mixed instantly and therefore a more detailed analysis of the block chain would show that amount of coins being sent to one address and shortly afterwards a similar amount being sent to another around the same time.

The advantage of using Bitcoinfog is that you can withdraw coins over a longer period of time and in random amounts which makes this kind of analysis much more difficult.

Do you necessarily need to mix all your coins at once? Could you send smaller amounts through Bitcoinfog so as to prevent such large amounts from being detected?

V.
V., how much do you charge for your laundering advice services?

BB
Title: Re: how to launder & cashout large amount btc?
Post by: International on July 15, 2012, 07:47 pm
I suggest that you start by reading the definition of laundering and understand what laundering actually is. Plus, if you have money like that then you need to pay for advice. No one is going to help you cash out your ill gotten gains..........for free.
Title: Re: how to launder & cashout large amount btc?
Post by: Limetless on July 17, 2012, 05:18 am
Indeed, this is far from a hobby or something you can learn in an afternoon, it's an industry within itself with many different branches that you have to work out in which one you need. You have to take it as seriously as the business that generates the funds you need to wash and it annoys the fuck out of me when people think the cheap DIY solutions are sufficient.
Title: Re: how to launder & cashout large amount btc?
Post by: vlad1m1r on July 17, 2012, 09:26 am

Hi buddy, I ran some coins from various kinds of wallets (software, online, brain..) through SR and examined blockchain.info to check if SR's mixers works as promised. As far as I can tell it works perfectly in the sense you can't detect the original Bitcoin address from which Bitcoins are received. Having said this, for very large amounts SR's mixer wouldn't be much good as if you ran say USD 10,000 through it as the coins are mixed instantly and therefore a more detailed analysis of the block chain would show that amount of coins being sent to one address and shortly afterwards a similar amount being sent to another around the same time.

The advantage of using Bitcoinfog is that you can withdraw coins over a longer period of time and in random amounts which makes this kind of analysis much more difficult.

Do you necessarily need to mix all your coins at once? Could you send smaller amounts through Bitcoinfog so as to prevent such large amounts from being detected?

V.

Thanks for the info V. Does the SR mixing work for any deposits/withdraws or only for seller accounts?
The source of funds is not from SR actually. Just would like to use bitcoin + mixer to clean the money trail at a cost-effective price.
 
I'm in contact with bitcoinfog and they are working on a system for internal payments which will be ready in August, this would probably solve my issue.
If it wasn't for the bitcoin<-->USD fluctuations I would have no problem keeping funds in a reliable mixer for a longer time period.
 For now, I want the money in and out of bitcoin as fast as possible.

@Limitless: Thanks for your offer.
The funds will not be from selling here though, so I don't know if we could establish the level of trust needed for this type of consulting.

Hi Beavis,

The SR mixer works for withdrawals from any SR account.

If your funds aren't in Bitcoin already I'd strongly recommend you speak to Limetless - he'll give you a consultation and advise you on how to launder them yourself which protects your privacy.

As mentioned above I can help you to cash out Bitcoins and/or launder small amounts (< USD 3000) - this is not particularly difficult, I spend roughly this amount per month in rent and groceries but it's also important to invest your legitimate income in such a way that you see a return on your money. At the moment I've been enticed by "gilts" (government backed securities) and the precious metals market but I'm sure more opportunities will present themselves as time goes on, exciting times.

V.



Title: Re: how to launder & cashout large amount btc?
Post by: beavis2k on July 17, 2012, 03:38 pm

Hi buddy, I ran some coins from various kinds of wallets (software, online, brain..) through SR and examined blockchain.info to check if SR's mixers works as promised. As far as I can tell it works perfectly in the sense you can't detect the original Bitcoin address from which Bitcoins are received. Having said this, for very large amounts SR's mixer wouldn't be much good as if you ran say USD 10,000 through it as the coins are mixed instantly and therefore a more detailed analysis of the block chain would show that amount of coins being sent to one address and shortly afterwards a similar amount being sent to another around the same time.

The advantage of using Bitcoinfog is that you can withdraw coins over a longer period of time and in random amounts which makes this kind of analysis much more difficult.

Do you necessarily need to mix all your coins at once? Could you send smaller amounts through Bitcoinfog so as to prevent such large amounts from being detected?

V.

Thanks for the info V. Does the SR mixing work for any deposits/withdraws or only for seller accounts?
The source of funds is not from SR actually. Just would like to use bitcoin + mixer to clean the money trail at a cost-effective price.
 
I'm in contact with bitcoinfog and they are working on a system for internal payments which will be ready in August, this would probably solve my issue.
If it wasn't for the bitcoin<-->USD fluctuations I would have no problem keeping funds in a reliable mixer for a longer time period.
 For now, I want the money in and out of bitcoin as fast as possible.

@Limitless: Thanks for your offer.
The funds will not be from selling here though, so I don't know if we could establish the level of trust needed for this type of consulting.

Hi Beavis,

The SR mixer works for withdrawals from any SR account.

If your funds aren't in Bitcoin already I'd strongly recommend you speak to Limetless - he'll give you a consultation and advise you on how to launder them yourself which protects your privacy.

As mentioned above I can help you to cash out Bitcoins and/or launder small amounts (< USD 3000) - this is not particularly difficult, I spend roughly this amount per month in rent and groceries but it's also important to invest your legitimate income in such a way that you see a return on your money. At the moment I've been enticed by "gilts" (government backed securities) and the precious metals market but I'm sure more opportunities will present themselves as time goes on, exciting times.

V.

Hi V,

Good to hear SR mixer works for all accounts. As stated earlier the amounts will be larger than 3k and ending up with having 6 figures cash for grocery is somewhat overdoing it considering my current lifestyle  :P.
 I agree with your point about investing, have quite a few investment/business ideas already  :)

@Limetless: Of course you are right here and I'm positive I can't come up with the same constructions a specialist can. In this thread I've been mostly focused on removing any money trail because that is my first priority.  I've sent you a PM so we can talk further.

regards,
Beavis2k
Title: Re: how to launder & cashout large amount btc?
Post by: Limetless on July 17, 2012, 03:53 pm
Beavis I read your PM and I could work with you but I need some answers on a few certain things and depending on what they are we may or may not be able to go forward. I am slightly busy atm but I will PM you back later today.

Lim
Title: Re: how to launder & cashout large amount btc?
Post by: blastfromthepast on July 18, 2012, 01:09 pm
http://blockchain.info/wallet/send-anonymously can handle that volume.
Title: Re: how to launder & cashout large amount btc?
Post by: beavis2k on July 19, 2012, 11:51 am
Have you read the rest of the thread? That was basicly my question. ;)

Use bitcoinfog or SR as a mixer so you get other coins back. If your bitcoins come from selling on SR you are probably safe but you could use bitcoinfog as an extra layer of security.
Personally I would not use bitchain.info  if your coins are traceable to you(if you bought them through mxt gox using your real info for example) as they are not an anonymous operation themselves, they could get a subpoena so a new transaction could be logged and analysed.

A far as offshore constructions:
 Jersey has good trust regulations regarding privacy which restricts them to give out information.
Do your own research on this though. If you need total privacy I can provide legit notarised scans of docs you can use to setup an offshore trust, not cheap though.
Title: Re: how to launder & cashout large amount btc?
Post by: f1k4sDfsSfkLs987881 on July 19, 2012, 11:57 am
Very interesting if nothing more.  Following, thanks for posts.
Title: Re: how to launder & cashout large amount btc?
Post by: Limetless on July 19, 2012, 12:59 pm
Need some advice on this too, I messaged Limitless a while back but never heard back from him....

I know about offshore banks but the question is how to wash the coins without leaving any trace that they belonged to you before you get them to the exchange

Also, Im sure some offshore banking countries are safer than the others... need to know where is it the safest to open an offshore company and a bank account..

Anybody who can help please PM me

Message me again, I get loads of PMs so sometimes I miss people out.