Damus
DirtDawg · 4w
It’s definitely a lot of work and fees but what would you be wary of when swapping Monero for BTC?
Ape Mithrandir profile picture
You would want to carefully examine the history of the BTC you receive from the swap. It is challenging to vet the BTC without access to chain analysis. This could lead to issues when spending that BTC later.
In the Bitcoin Fog case, the main evidence they had to imprison Roman Sterlingov was Chain Analysis (which didn't need to be cross examined because of national security concerns over proprietary software) that linked Bitcoin he sent to a KYC exchange to Bitcoin that was used to buy the Bitcoin fog domain name. Roman was a regular P2P trader in the early days and it is likely he got that BTC from a P2P trade.
❤️3
DirtDawg · 4w
Makes sense. If I use a standard Monero wallet like Cake Wallet to swap my XMR to BTC where is that swap getting the BTC from?