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by GordonS 3244 days ago
Yes, but I don't any mixers would touch these coins for fear of facing action by law enforcement.
1 comments

A lot of mixers are automated / are designed for this exact purpose
Yes, the operation of the mixer itself is automated, but I've wager than the owners have blacklisted addresses known to be involved with massive BTC theft - it just doesn't make sense to touch them from a risk perspective.
Would that really be effective? Isn't it relatively cheap to create a new wallet?
Sorry, I don't get what you mean? Do you mean the criminals could simply move the coins to a new wallet before moving them to an exchange?

Transactions on the Bitcoin blockchain are public, so it's relatively easy to keep tabs on movements of known criminal proceeds (as the article demonstrates :)

> it's relatively easy to keep tabs on movements of known criminal proceeds

Until they've been obfuscated by a mixer... and not every mixer is going to be interested in blacklisting every set of coin from every known criminal activity. And many criminal activities are surely unknown, including many for which the sources of coins are not going to go to any extent to report. (The senders may be committing crimes that were unrelated to Bitcoin crime, and so entirely off the radar.)

I'd hazard a guess that the majority of crime committed in and around the ecosystem of Bitcoin is not even Bitcoin theft, so might never be reported.

How many times does a value have to move from one address to another address, and mix with untainted coin, before it's going to be considered too far removed from the original addresses to be palpably associated with the original crime?

It is free afaik
There is still someone behind it, getting the fee's money. That person will have to face the police.
Only if they get caught.
Yeah I'm sure automated money laundering is perfectly fine in the eyes of the law.
I am not saying it is legal-- just harder to prosecute