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Jim buys BTC from a KYC exchange and moves them into his cold wallet. He does this via DCA so there are a significant number of transactions going from his brokerage wallet to his cold wallet, which would make it pretty easy to track the coins from the KYC brokerage to the one cold wallet and reasonably assume the cold wallet belongs to him. (Please correct if that's wrong).
Jim fires up a MUUN wallet on his smartphone. He also buys a burner phone and sets up a seperate Muun wallet on it. He then moves the coins from his cold wallet to his MUUN wallet on his smartphone, and then using the lightning wallet moves his coins from his smartphone MUUN wallet to his burner phone MUUn wallet. From the burner phone MUUN wallet, he moves the BTC to a cold wallet using the normal BTC network. So, his coins went from KYC brokerage, to cold, to MUUN Lightning, to MUUN lightning, to cold. Jim now has his coins on a cold wallet thats been through the LN. When he accesses his cold wallet it's on a computer with TAILS and a VPN, using a chromebook that he reserves solely for his BTC.
Correct me if I'm wrong, but Jim's coins that are in his cold wallet can't be traced to him/back to his KYC brokerage account.
Thanks in advance, I'm still learning.
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- 3 years ago
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