How the hell can irs trace bitcoin transactions

1. 2019-10-17 at 1:37 PM UTC

   #1
   Wariat Marine/Preteen Biologist
   Who would be dumb enough to even report they owed bitcoins to the irs for them to trace them in the first place esprcially who is part of such groups? Or can they trace everyone including those who report nothing to irs and trace their bitcoing wallets? This just makes no sense.
   
   https://www.forbes.com/sites/kellyphillipserb/2019/10/16/irs-followed-bitcoin-transactions-resulting-in-takedown-of-the-largest-child-exploitation-site-on-the-web/amp/
   
   And how would that even get the physical location of the admin? This all just seems fishy to me. And lol st the nwme of the site, „welcome to video.”
2. 2019-10-17 at 1:40 PM UTC

   #2
   

   aldra JIDF Controlled Opposition
   started writing serious answer but argonarogiu90efujk{KPF
   C:LDkv'zd
   
   instead
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   • Star Trek VI: The Undiscovered Country, 
   • Daily
3. 2019-10-17 at 1:40 PM UTC

   #3
   Wariat Marine/Preteen Biologist
   Damm.
4. 2019-10-17 at 1:41 PM UTC

   #4
   

   aldra JIDF Controlled Opposition

   7.5 terabytes of child pornography videos, the largest of its kind: that’s more than 10,000 CDs full of imagery that are no longer in the hands of child pornographers.

   
   that's a funny quote though.
5. 2019-10-17 at 1:43 PM UTC

   #5
   

   aldra JIDF Controlled Opposition

   Originally posted by Wariat Damm.

   
   basically they sent the guy money via bitcoin, they traced the transaction through the blockchain and he didn't properly mix coins before he cashed out. He probably cashed out to a personal bank account or something which they could flop a subpoenis out onto.
6. 2019-10-17 at 1:44 PM UTC

   #6
   

   Grylls Cum Looking Faggot [abrade this vocal tread-softly]
   you dodgy fucker
7. 2019-10-17 at 1:49 PM UTC

   #7
   Wariat Marine/Preteen Biologist

   Originally posted by aldra basically they sent the guy money via bitcoin, they traced the transaction through the blockchain and he didn't properly mix coins before he cashed out. He probably cashed out to a personal bank account or something which they could flop a subpoenis out onto.

   
   So was this the korean admin or some other guy? I mean how were they able to get the admin and a crapload of people from tracing one person’s account?
8. 2019-10-17 at 1:59 PM UTC

   #8
   

   aldra JIDF Controlled Opposition
   I'm sure they managed to trace payment to one of the staff and twisted him to help them find the others
9. 2019-10-17 at 2:03 PM UTC

   #9
   Wariat Marine/Preteen Biologist
   But thsts not what the article says or makes it sound like. It makes it sound like they hacked the entire blockchain.
10. 2019-10-17 at 2:09 PM UTC

    #10
    

    the man who put it in my hood Black Hole
    It's all automated they have software that does it
11. 2019-10-17 at 2:09 PM UTC

    #11
    Wariat Marine/Preteen Biologist

    The complaint alleges that law enforcement was able to trace payments of bitcoin to the Darknet site by following the flow of funds on the blockchain. The virtual currency accounts identified in the complaint were allegedly used by 24 individuals in five countries to fund the website and promote the exploitation of children.

    
    Isnt blockchain supposed to be super secure with encryption so thst even reale stwte companies and banks rely on it for electornic records?
12. 2019-10-17 at 2:16 PM UTC

    #12
    Wariat Marine/Preteen Biologist
    https://www.wired.com/story/dark-web-welcome-to-video-takedown-bitcoin/
13. 2019-10-17 at 2:18 PM UTC

    #13
    

    the man who put it in my hood Black Hole

    Originally posted by Wariat Isnt blockchain supposed to be super secure with encryption so thst even reale stwte companies and banks rely on it for electornic records?

    
    Yes
    
    But it's public so anyone can point software at it to gather data and with enough data you can be deanonymized
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    • aldra
14. 2019-10-17 at 2:19 PM UTC

    #14
    Wariat Marine/Preteen Biologist
    But isnt it also encrypted betweene very node?
15. 2019-10-17 at 2:23 PM UTC

    #15
    

    the man who put it in my hood Black Hole
    It's not encrypted at all. It's public
16. 2019-10-17 at 2:24 PM UTC

    #16
    Wariat Marine/Preteen Biologist
    It is supposed to be all crypto and encrypted. Why else would all the financial institutions rely on it? Was it a big lie? Why would banks move their digital ledger to it otherwise if records of their customers can be stolen or credit card numbers?
17. 2019-10-17 at 2:28 PM UTC

    #17
    

    the man who put it in my hood Black Hole
    It's warehouse inventory management software lol
18. 2019-10-17 at 2:40 PM UTC

    #18
    Wariat Marine/Preteen Biologist
    It is supposed to be the next big thing. The next revolution in high tech and the silicon valley with rich guys getting more rich off it and stuff.
19. 2019-10-17 at 3:38 PM UTC

    #19
    

    Ghost Black Hole
    its a big scam
20. 2019-10-17 at 4:01 PM UTC

    #20
    The Self Taught Man Black Hole
    Yeah they say for 10 years its the next big thing all companies and banks are gonna use it but thats obviously a sham and a lie to investors, nobodys interested in it