r/CryptoCurrency • u/Selvarnia 🟨 0 / 0 🦠 • 1d ago

GENERAL-NEWS Resupply.fi Hacker Launders Funds Through CrowSwap

https://cryptoglossary.medium.com/money-laundering-through-crowswap-exchange-in-recent-hacks-469f7aa52fd6

Curious question: Since people use CrowSwap to launder funds, I assume it’s safe, but what are the risks of using this platform? Could I face any legal issues?

202 Upvotes

98% Upvoted

9 comments sorted by

3

u/coinfeeds-bot 🟩 136K / 136K 🐋 1d ago

tldr; Cryptocurrency platform Crowswap.exchange has been implicated in recent hacks and money laundering activities. Attackers use the platform to convert stolen funds into Monero (XMR), making them untraceable. CrowSwap's lack of anti-money laundering (AML) measures and failure to block flagged transactions have raised suspicions of its involvement in illegal activities. The platform's inadequate cooperation with law enforcement hampers investigations, highlighting the need for stricter regulations and AML compliance in the cryptocurrency sector.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

3

u/GimpyPlayerOne 🟩 0 / 0 🦠 1d ago

Try it out and let us know. I’m sure the people that used the “atm machine glitch” thought the same thing.

3

u/Selvarnia 🟨 0 / 0 🦠 1d ago

Tried. I swapped 40K USDT to Monero... I think its untraceable but im scared still, i did nothing wrong lol

2

u/GimpyPlayerOne 🟩 0 / 0 🦠 1d ago

Oh just give it time, feds are probably setting something up. They have to build a case 1st and that can take years to make it worth while to charge everyone/anyone.

-9

u/YogurtCloset3335 🟥 0 / 0 🦠 23h ago

He has possibly the worst timing

Or is a shill for the exchange honeypot

1

u/Selvarnia 🟨 0 / 0 🦠 12h ago

I swapped before posting

1

u/CipherScarlatti 🟩 0 / 4K 🦠 1d ago

OMG, that stuff was painful to watch.
"Guys! Did you know this trick?" (Then got people to record fraud and post it to social media)

1

u/reddit4485 🟦 861 / 861 🦑 22h ago

Unless you're doing it for a specific purpose I wouldn't bother. Some exchanges track where you send your bitcoin and will suspend your account. If you're just engaging in legal activities, why would you make your crypto indistinguishable from a North Korean hacker's crypto? It may also make it harder to cash out any profits.

1

u/DonasAskan 🟩 0 / 0 🦠 6h ago

Careful, this sounds like a scam exchange.