'we want to sell 125,000 bitcoin'. And I'm like, 'what? That's $6 billion guys'.

[troubled soul]

EXCLUSIVE Russians liquidating crypto in the UAE as they seek safe havens

Crypto firms in the United Arab Emirates (UAE) are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.

www.reuters.com

Crazy things happening.

Large bitcoins transactions, some worth over $1 billion were liquidated recently.

Russians Liquidated Their Bitcoins to Purchase Real Estate in Dubai

According to the latest reports, Russians have been liquidating bitcoins to acquire real estate in Dubai.

www.financemagnates.com

 

[JohnnyDoe]

I.e. how to write a fantasy shitty article based on a whalealert report

 

[KDX]

I'm not sure if I would liquidate that much BTC when the war is at its peak?

 

[Konstanz]

It's very "smart" to cashout crypto ant put into UAE real estate lol

I would not be surprised this is a rumor spread by UAE to promote real estate prjects

 

[Golden Fleece]

Now that everyone knows that Bitcoin is traceable, Russian oligarchs worry about losing their Bitcoin wealth. So, it makes perfect sense to turn such wealth into hard assets. It is very easy to hide assets from a creditor or an ex-wife. It is far more difficult when entire governments turn their power and fury upon you. Your crypto assets could quickly disappear.

If, even a decade ago, governments can infiltrate secure Iranian nuclear facilities with malware designed to destroy thousands of centrifuges, they can surely manage to track Bitcoin held by Russian oligarchs.

 

[Vor]

If this is true I would be a little worried if I were the UAE about getting a ton of heat from the US/EU to seize Russians assets etc. Hopefully UAE doesn't buckle to any pressure that comes its way from this sort of thing if they are attracting a lot of Russian money. It makes sense why they would be doing this though sit in BTC too long and before you know it you will have a blacklisted wallet address if your some oligarch.

 

[suzy]

Can anyone in this world proof if the screenshots are real and where they come from?

 

[KDX]

Can anyone in this world proof if the screenshots are real and where they come from?

Very easy to check, if anyone has the wallet address you can track all the transfers

 

[John Spectre]

Can anyone in this world proof if the screenshots are real and where they come from?

Yes, they are real.
Screenshots are not showing TX/address, but actually on the blockchain they could be verified.
For example one of transactions:

Bitcoin Explorer - Blockstream.info

Blockstream Explorer is an open source block explorer providing detailed blockchain data across Bitcoin, Testnet, and Liquid. Supports Tor and tracking-free.

blockstream.info

After initial transactions on Friday, there was some another transactions already to spent that BTC.
It's a just a matter of time and senders/receivers/owners could be identified. The person who literally own at least 0.15% of all BTC supply is not regular crypto guy and it's a regulatory interest in searching for the owner.

 

[suzy]

but what if it is a anonymous wallet. No KYC ever given, wallet installed on a secured and encrypted device... I don't get it, how should they find the owner?

 

[John Spectre]

but what if it is a anonymous wallet. No KYC ever given, wallet installed on a secured and encrypted device... I don't get it, how should they find the owner?

it's a not a big difference here.
All of these almost 30k BTC transaction it's a withdrawal from some Coinbase account.
According to the Coinbase rules and limits, they know owner of the account who initiate this transaction. KYC and EDD already in their hands.
And they will disclose this information to US gov without any delay.
when owner of this wallet will spend BTC on regulatory exchanges, etc - it should pass KYC too.

To be totally anonymous in blockchain, owner of the wallet should use transactions that avoid any known infrastructure with KYC. And it's a literally very hard if you need convert crypto to fiat, especially in such amounts.