Interesting Robosats Sale Offers The Past Few Days \ stacker news ~bitcoin

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Interesting Robosats Sale Offers The Past Few Days

701 sats \ 17 comments \ @siggy47 10 Apr bitcoin

Yesterday and today I have noticed some curious sale offers on Robosats. It seems to me that one seller, utilizing separate robots, is offering to sell bitcoin at a 30% (!) premium in a whole bunch of currencies I have never seen traded before (Chinese Yuan, Swedish Kroner, Israeli Sheqel, Ugandan Shilling, to name a few). Acceptable forms of payment are any national bank from these countries.

At first I assumed it was someone hoping to sell at a premium to people in countries without liquid bitcoin markets. That's possible, but how could one person be able to trade in all of these currencies?

It seems very strange to me. Does anyone have any idea what is going on? Could this be a currency trading desk, some kind of scam? I can't imagine a large organization doing this for such modest amounts of fiat.

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57 sats \ 2 replies \ @jinformatique 11 Apr

Maybe it's the North Korean Lazarus group laundering money.

5 sats \ 0 replies \ @siggy47 OP 11 Apr

Those guys are pretty sharp. I think they have more effective methods. 😀

0 sats \ 0 replies \ @DarthCoin 11 Apr

I think so too

36 sats \ 0 replies \ @DarthCoin 11 Apr

Lazarus

55 sats \ 7 replies \ @optimism 11 Apr

#	Cur	Ask/Bid num	market		rate
18 	HUF 	Ask 	1 	0.00053358 	37483000 
19 	ILS 	Ask 	1 	0.00050653 	394840 	
20 	PLN 	Ask 	1 	0.00050630 	395020 	
21 	HKD 	Ask 	1 	0.00049951 	800780 	
22 	SEK 	Ask 	1 	0.00049174 	1016800 
23 	AUD 	Ask 	1 	0.00048190 	166010 	
24 	UGX 	Ask 	1 	0.00047259 	380880000 
25 	NZD 	Ask 	1 	0.00047214 	180030 	
26 	CHF 	Ask 	1 	0.00047180 	84782 	
27 	JPY 	Ask 	1 	0.00047176 	14838000 
28 	SGD 	Ask 	1 	0.00047071 	138090 	
29 	CNY 	Ask 	1 	0.00046327 	755500 	
30 	AED 	Ask 	1 	0.00044801 	379460 	
31 	NOK 	Ask 	1 	0.00044791 	1116300 
32 	DKK 	Ask 	1 	0.00043729 	686050 	
33 	CZK 	Ask 	1 	0.00043299 	2309500 
34 	ZAR 	Ask 	1 	0.00039273 	2037000 
35 	TRY 	Ask 	1 	0.00038182 	3928600

Seeing it on my onion (http://tp4defxzepvm6igehdme27ewpakdqzrwj5qer2r7emxsydoruu7nxuyd.onion/)...

"Any National Bank"...

Market exploration?

100 sats \ 1 reply \ @LibertasBR 11 Apr

Now that I've seen this answer it really does seem like a test.

26 sats \ 0 replies \ @optimism 11 Apr

Yeah it really looks like someone is testing something. Not sure what the something is but I like to think that a scam would want to entice volume with discounts, not a 30% premium.

100 sats \ 3 replies \ @siggy47 OP 11 Apr

Yes. Maybe. This is the second day in a row that I have noticed it.

36 sats \ 2 replies \ @optimism 11 Apr

They'll all expire tomorrow between 7pm and 8pm UTC. I'll take another snapshot at 6pm UTC bar being busy day drinking and see what's still there.

0 sats \ 1 reply \ @optimism 11 Apr

The CHF offer is no longer listed already.

0 sats \ 0 replies \ @optimism 11 Apr

... and now it is back. strange. Does that happen when a trade fails?

0 sats \ 0 replies \ @optimism 11 Apr

#	Cur	Ask/Bid	num	market depth	rate
20 	AUD	Ask 	1 	0.00045937 	174150
21	HUF	Ask	1	0.00050644	39491000
22	ILS	Ask	1	0.00048948	408600
23	PLN	Ask	1	0.00047957	417040
24	HKD	Ask	1	0.00047263	846320
25	SEK	Ask	1	0.00046725	1070100
26	NZD	Ask	1	0.00045191	188090
27	SGD	Ask	1	0.00044973	144530
28	UGX	Ask	1	0.00044834	401480000
29	CHF	Ask	1	0.00044732	89422
30	JPY	Ask	1	0.00044442	15751000
31	CNY	Ask	1	0.00043923	796850
32	NOK	Ask	1	0.00042930	1164700
33	AED	Ask	1	0.00042374	401190
34	DKK	Ask	1	0.00041683	719720
35	CZK	Ask	1	0.00041227	2425600
36	ZAR	Ask	1	0.00037897	2111000
37	TRY	Ask	1	0.00036173	4146700

As of 6pm UTC, all are still there.

(edit: I missed AUD initially because it went up the list due to other new listings appearing)

36 sats \ 2 replies \ @LibertasBR 10 Apr

Could this be some kind of money laundering or even a test operation?

19 sats \ 1 reply \ @siggy47 OP 11 Apr

I don't know, but it seems it would be incredibly laborious for a small payout. I find it really weird. Think of the exchange rate worries, etc. even if you use an app that accepts foreign currencies. Also, these aren't really popular currencies that are