Crypto panic recycling, the last refuge of amateur forums

[JohnnyDoe]

People who recycle other people’s garbage articles always give off the same smell. Intellectual decay mixed with desperation.

OffshoreCorpTalk just did it again, grabbing an ICIJ piece like a raccoon dragging leftovers out of a bin and presenting it as if he had discovered journalism. The author did not even bother to understand the context or check whether the claims applied to the offshore world he pretends to analyze. He just slapped a link, added some hysterical commentary, and called it insight.

Here is the pearl:
The Rise of Global Crypto-to-Cash Desks: How Unregulated OTC Networks Became a Money Laundering Powerhouse
(copy paste the link to another window, if you are banned use incognito mode)

As usual, zero research. Zero original thought. Zero field experience.
Forums like that exist to repeat whatever the latest mainstream outlet publishes, hoping their users will fall for it.
The ICIJ article itself is old news. It reports on retail crypto cash desks in Europe and Israel that moved small bills for small criminals. Nothing global. Nothing high level. Nothing that explains how real cross border finance works. Yet OffshoreCorpTalk elevates it to a revelation. In reality it's just copy paste fear mongering with a sprinkle of GPT.

Recycling mass media content covers the fact that the author has never run a real company, never opened a bank in a difficult jurisdiction, never passed a compliance audit, never structured a transaction above five figures.
Now that he is desperate for content, he uses whatever article he can find and scream about it like a prophet of doom. It is a reliable indicator of incompetence.

If you cannot produce original analysis, you should at least understand what you are plagiarizing. OffshoreCorpTalk cannot. They regurgitate reports they do not grasp and distort them to keep the readers scared and dependent. It is tired. It is transparent. And it is the opposite of expertise.

Anyone who still falls for that deserves the quality of information they get.

Ironically, while they scream against Crypto OTC desks they publish such ads:

 

[Wellington]

Most of what was in the article is old news, we've got Whale Hunting which has been exposing from the Asia side, however most of this so called "Capital Movements" and "Laundering Techniques" are stuff that is open, actually funds flow much easier and more openly than known... literal cash houses (houses full to the brim with currency) befoe it finds a home.

Mind things like this That'l squeeze the grey money flow The Nation Thailand will start to crack some of the flows.

So the ICJ article : Yawn

 

[Rick]

As they also banned my account I had to check in incognito tab and found the recent posts to be quite humorous. More than half of the posts seem to be left by fake lifetime members with AI images, often responding to years old threads asking for updates. Good to see most have been able to find this forum.

But I can see his point. If you ban all the real users, who is going to advertise on a ghost platform? Maybe him using dozens of fake accounts could be seen as unfair/misleading practices as advertisers expect to advertise on a forum without such fake accounts (especially not ones owned by the admin).