Law & Policy

Our fund uses a qualified custodian for assets. We often get "dust attacks" where scammers send us small amount of tokens in hopes we lazily copy/paste their address from the transaction history and send them money by mistake. Basically onchain phishing

For some reason, one of these scammers (accidentally?) sent us a material amount of money, not a ton but more than usual for these attacks

Since we don't know who these people are, we cannot comply with the Travel Rule and so typically in these cases our custodian will reject the deposits and return the funds. BUT I don't want to do that.

So, I want to attempt to declare the funds illicit and legal retain possession of them, for fun and out of pettiness. I started going down the rabbit hole on how you do this and WOW does that seem like a lot of work. But I'd rather do that than give money back to the scammers. If the custodians just let me burn the funds instead I might do that to save time ... 

If anything interesting happens I will keep you posted