A DEX / DeFi liquidity pool is JUST a new way of saying -
Illegal coin mixer
The law of tracing exists.
If 10 of 100 coins are tainted and enter the DEX / "Illegal mixer", then all of the coins are now tainted
The people with 90 "honest coins" obtain 90% of their investment as the mixed coins are ALL tainted
So, if 10 people all add 10 coins and 10 are to be seized, all parties now have 9 coins of the 10 returned
To the person with tainted coins, this is good - it is a cost effective way to launder money
The coins are cleaned at the expense of the "honest" (rubes) owners who become money mules and lose their money invested.
A Dex, DeFi is a coin mixer, renamed. Nothing more, nothing less.
Just another already criminal aspect of all this
CSW
Nov 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636210136286800?thread_ts=1636210136.286800&cid=C5131HKFX
https://t.me/CSW_Slack/3333
Illegal coin mixer
The law of tracing exists.
If 10 of 100 coins are tainted and enter the DEX / "Illegal mixer", then all of the coins are now tainted
The people with 90 "honest coins" obtain 90% of their investment as the mixed coins are ALL tainted
So, if 10 people all add 10 coins and 10 are to be seized, all parties now have 9 coins of the 10 returned
To the person with tainted coins, this is good - it is a cost effective way to launder money
The coins are cleaned at the expense of the "honest" (rubes) owners who become money mules and lose their money invested.
A Dex, DeFi is a coin mixer, renamed. Nothing more, nothing less.
Just another already criminal aspect of all this
CSW
Nov 6, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1636210136286800?thread_ts=1636210136.286800&cid=C5131HKFX
https://t.me/CSW_Slack/3333
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