Trusted Traveler risk

[greenwave1015]

Questions for my crypto illuminati:

Hypothetically, if you buy crypto on an exchange, send to your Exodus wallet, then pay your dealer... why wouldn't you be tracked / added to some FBI list? Surely this can be tracked pretty easily, right? Is it really THAT easy for thousands of us to funnel money (collectively in the millions) to some unknown foreign entities, without government somehow tracking this?

Hypothetically, in those (rare?) cases where shipments have been seized and end users having lost their Trusted Traveler status... how do you suppose the end user was connected to the shipment? By address on the shipment itself (assuming you wouldnt want heroin packages using your full legal name)? And if so, what if you have roommates? ("those dirty neighbors are the crooks, I'm innocent!")

Thanks for the help.

 

[sofaKINGnoob]

Questions for my crypto illuminati:

Hypothetically, if you buy crypto on an exchange, send to your Exodus wallet, then pay your dealer... why wouldn't you be tracked / added to some FBI list? Surely this can be tracked pretty easily, right? Is it really THAT easy for thousands of us to funnel money (collectively in the millions) to some unknown foreign entities, without government somehow tracking this?

Hypothetically, in those (rare?) cases where shipments have been seized and end users having lost their Trusted Traveler status... how do you suppose the end user was connected to the shipment? By address on the shipment itself (assuming you wouldnt want heroin packages using your full legal name)? And if so, what if you have roommates? ("those dirty neighbors are the crooks, I'm innocent!")

Thanks for the help.

Yes, simple one hop crypto transfers can easily be tracked by the Gov & exchanges using Chainalysis software excluding XMR/Monero.


If you have a package seized with naughty items inside by US Customs then most common info being used against you will be address, name, and phone # associated with that seized package.

 

[greenwave1015]

Yes, simple one hop crypto transfers can easily be tracked by the Gov & exchanges using Chainalysis software excluding XMR/Monero.


If you have a package seized with naughty items inside by US Customs then most common info being used against you will be address, name, and phone # associated with that seized package.

But where is the name and phone # coming from? They're seizing a package for John Doe at 123-4567

 

[greenwave1015]

And then separately, if one of these vendors gets hacked or busted by the government (not saying it's even remotely likely - just play it out), and their crypto wallets got seized, wouldn't the govt be 'able' to trace back every purchase ever made to those seized wallets, no matter how many wallet hops you did (using Chainalysis software or similar), since it can all be traced back to when you provided your identity to buy your initial crypto (coinbase, kraken, etc) prior to first wallet hop?

Wanting to understand that risk a bit better.

 

[5byfive]

Break out the tin foil hats. The government isn't doing any of that over something that probably isn't even a crime at the individual level. It is not illegal to possess resesrch chemicals. At worst, it recieving a mislabeled shipment. The only real risks are loss of product and possibly losing Known Traveler Status.

There have been reports of people losing Global Entry and Precheck if a shipment is seized. Form what has been reported, it effects everyone that lives in the destination household. If you have Precheck but not Global Entry, you may be OK, but that is not clear. It would seem the best protection would be to use a fake name and work address but this may increase the chance it gets flagged by customs and if there any issues with the delivery, you wouldn't be able to claim it with the carrier.

So yes, the government can track crypto transactions pretty well but, despite what your mother told you, you just are not worth the effort. 😛

 

[greenwave1015]

Break out the tin foil hats. The government isn't doing any of that over something that probably isn't even a crime at the individual level. It is not illegal to possess resesrch chemicals. At worst, it recieving a mislabeled shipment. The only real risks are loss of product and possibly losing Known Traveler Status.

There have been reports of people losing Global Entry and Precheck if a shipment is seized. Form what has been reported, it effects everyone that lives in the destination household. If you have Precheck but not Global Entry, you may be OK, but that is not clear. It would seem the best protection would be to use a fake name and work address but this may increase the chance it gets flagged by customs and if there any issues with the delivery, you wouldn't be able to claim it with the carrier.

So yes, the government can track crypto transactions pretty well but, despite what your mother told you, you just are not worth the effort. 😛

Thanks man!

Feeling better now about my $40 million order*

*my work has a big parking lot for the cargo container (which will be cleverly addressed to "John Doe")

 

[lastresort]

Yeah this is why I don't deal with crypto, aside tax issues.

 

[px1984]

If you were really inclined there are methods to wash Crypto through 'mixing' wallets or move your Crypto through defi exchanges that dont require KYC.