244
Sleeping beauty bitcoin wallets wake up after 14 years to the tune of $2 billion
(www.morningstar.com)
this post was submitted on 05 Jul 2025
244 points (96.2% liked)
Technology
72414 readers
2733 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Btw, banks will flag multiple transactions of $9,999 even if the reporting threshold is $10k USD. Structuring to avoid the $10k reporting requirement is well known and no guarantee of remaining under the radar.
The feds also like to criminally prosecute people if they do transactions that can be construed to be avoiding the reporting limit.
Not even that close. They'll flag any recurring fairly large transactions under 10k.
I'm unfamiliar as I've never had such. What counts as re-occuring? Is two payments always considered re-occuring?
It can be, if they're fairly close in time and total just past 10k.
Every bank has their own algorithm and they try to ride the line between catching criminals and not having too many false positives.