I thought I had a decent grasp of how tumblers work and why they're beneficial, but apparently I do not.
I just went poking around some of my wallets on walletexplorer.com for the first time and many (possibly all?) of the Helix wallets are clearly labelled as such -- and thus, by extension, everything I'd ever tumbled via Helix was there for the world to see.
How is one supposed to launder money successfully (or at least keep from getting banned at Circle/Coinbase) under such an overwhelming level of scrutiny? I can't believe they haven't closed my accounts yet.
This is a disaster just waiting to happen. The Feds are probably laughing their asses off, as we fluff each other's nuts and congratulate ourselves for being so clever.
So, how fucked are we? Because from my perspective, it looks like bitcoin -- revered as it is for making these DNMs possible -- is also gonna be what ultimately takes it all down.
Those are only the receiving wallets. You can't tell where they go after that. That is how all tumbling works. Also We change our wallets so often that most of our wallets aren't even on wallet explorer.