this post was submitted on 30 Mar 2024
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He can't prove it? (lemmy.ca)
submitted 7 months ago by OttoVonNoob@lemmy.ca to c/memes@lemmy.ml
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[–] scrubbles@poptalk.scrubbles.tech 207 points 7 months ago (22 children)

God, remember when links to pictures of monkeys were selling for millions and rubes ate it up?

[–] PatFussy@lemm.ee 207 points 7 months ago (3 children)

It was not 'pictures of monkeys' it was art. It was digital art. If you don't get that then you don't understand money laundering.

[–] kogasa@programming.dev 116 points 7 months ago (2 children)

Monkey laundering.

[–] Trarmp@feddit.nl 14 points 7 months ago (1 children)

Coming to FX next this fall

[–] Wes_Dev@lemmy.ml 10 points 7 months ago (1 children)

Sitcom of chimps in the big city running a shady laundromat.

[–] captain_aggravated@sh.itjust.works 8 points 7 months ago

Run this on Adult Swim and I'll consider watching it.

[–] gdog05@lemmy.world 9 points 7 months ago

How much can a virtual banana cost, Michael? Ten dollars?

[–] codapine@lemm.ee 36 points 7 months ago

I read that as monkey laundering

[–] tyler@programming.dev -5 points 7 months ago (2 children)

You can’t money launder with bitcoin. The whole purpose is that everything is traceable.

[–] Kit@lemmy.blahaj.zone 44 points 7 months ago (2 children)
  1. Joe gives Kevin $1mil worth of Cocaine.
  2. Joe draws an ape in MS paint.
  3. Kevin buys the digital ape drawing from Joe for $1mil in Bitcoin.

That is how you launder money with art and Bitcoin.

[–] Buttons@programming.dev 20 points 7 months ago (1 children)

Because it's normally suspicious if someone gives $1mil for no reason, but if you know it's for a monkey jpeg, then it's normal.

[–] Sylvartas@lemmy.world 9 points 7 months ago

I have no idea if it attracted the attention of any regulatory body but yeah that's pretty much how it went down as far as I know

[–] Shard@lemmy.world 15 points 7 months ago

This has got to be the most naive statement on crypto and laundering. Crypto are so easily laundered not because of traceability but because of the huge and rapid swings in value, Unexpected wealth is easily justified. Large sums are easily laundered by scripting thousands of transactions.

https://syntheticdrugs.unodc.org/syntheticdrugs/en/cybercrime/launderingproceeds/moneylaundering.html

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