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Correct me if I'm wrong but isn't the whirlpool coordinator FOSS and self-hostable? How hard would it be for someone to run that again?
Maybe the liquidity wouldn't be that big, but atleast we can get started again.
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1 sat \ 2 replies \ @OT 24 Apr
I'm sure they have a backup plan. There's 10k BTC in there (was?)
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They never had the custody of the UTXOs
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0 sats \ 0 replies \ @OT 28 Apr
I know.
I mean they didn't have a backup for who would run whirlpool in case they were arrested
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Server is down. Not sure what that means for BTC currently in the mixer. Might require running Dojo, or worse.
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Not sure what that means for BTC currently in the mixer
With coinjoins you never give up custody of bitcoins to a third party, every coinjoin transaction needs to be signed by all participants for it to be a valid Bitcoin transaction.
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0 sats \ 0 replies \ @OT 24 Apr
You'd think they have been prepared for this moment. I guess all will be revealed over the coming years
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0 sats \ 2 replies \ @OT 24 Apr
These kind of terms noncustodial, mixer, coinjoin will play out in court and set a precedent for future cases.
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Prosecution and judge will likely avoid this at all costs, they hate setting precedent where they can avoid it. Likely they will just show big numbers to the jury "tWo bIlLion lAunDeRed" and show one actual criminal they can prove used coin join and then point at samourai's marketing as clearly they knew they were running a money laundering scheme.
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