Marcus Hutchins :verified: on Nostr: Probably the most trouble I ever got in for my financial practices was when I decided ...
Probably the most trouble I ever got in for my financial practices was when I decided to liquidate my crypto portfolio to buy a house. The US has a law where banks must report any wire transfers over $10k to the government. So, stupid criminal will try to be sneaky by breaking payments up into amounts of like $9,999. In reality that just takes you from a “hey, this person just did a big transfer” to “this dude is definitely laundering money” and you get reported to the financial crimes enforcement agency. My crypto exchange capped withdrawal at 10k, and to raise the limit you had to go through “enhanced verification” which took several months. I needed the money sooner so I was like, well, I can wait several months while the clowns at this crypto exchange get their shit together, or I can withdraw all my money way quicker by transferring $9,999 per a day, every day. Long story short, I got reported so hard that the FBI came to my house 🫠
Published at
2024-03-26 19:39:36Event JSON
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