Topic: 3 arrested in Bangladesh for merely trading Bitcoin - page 4. (Read 975 times)
As far as i know, they were related to some scams. Someone reported that they took BTC without paying the seller. Cyber police mark it in the website.
Which undoubtedly right, why would you need that much of gadgets if you are just trading normally, chances that they are facilitating other illegal act which may need them to have many devices for many accounts being created from different websites.
The reason they were using a lot of gadgets is- here in my local, when they pay to the customers, they use bkash, rocket (local payment method). These payment methods have several limit per day/ per month. When the limit exceeds, they can't send money to the customers. That's the reason of using several gadgets. Quote
They seized two laptops, 16 mobile phones, and 20 SIM cards from the detainees after the arrest on Thursday!
That doesn't look like they were "merely" trading in cryptos. I am sure there is more behind the entire story! A normal trader would not use such huge amounts of mobile phones and sim cards. They must have done some kind of illegal money transmissions which can be classified as "Laundering"!
Illegal deed needs to be paid off, from what the situations around there's a lots of scamming practices so it's better to see and read news like this as those
who's doing illegal activities will known that it's punishable, more arrest with alarm people not to do the same.
so I understand they are being arrested because they used bitcoin and did some business involving bitcoin. Is a very unfortunate situation I wonder how long they will be arrested,
It's the news agency who are promoting they were arrested because of dealing bitcoin transactions. Like as I stated before, they have been committed crime like deceiving their customers with big amount.I have read the news at thursday. One of the arrested person is my familiar in facebook before joning this forum. Basically they have been arrested for cheating with customers in their website (https://easypaidbd.com/). The Cyber Police of Bogura investigated into matter with the report of one victim who has been cheated by them.
Are you talking about Maruf Billah? If I can remember correctly, I have seen him on one of the facebook group, I used to think he is a trusted guy, then this.If cyber police wants, they can seize all the local exchange in Bangladesh, these exchanges somehow left their identity in facebook or any other platform. I think cyber police aren't putting so much attention on dealing bitcoin only, if they would, they could arrest people daily. It's easy to track down people who are exchanging bitcoin in our local.
Nevertheless, to all the Bangladeshi people, please be aware of dealing face to face, it can be a trick to arrest you. Only do deal with persons whom you do trust and have several dealing online. Don't mess up with anyone, they may give information to cyber police about you which may cause an issue.
The news is vague, it's not clear if those people arrested only because they trade Bitcoin or also involved on another criminal activity.
Nevertheless, they've seen it coming since Bitcoin is illegal on Bangladesh.
This is true news because a lot of Bangladeshi national news highlighted https://www.thedailystar.net/backpage/news/police-arrest-3-cryptocurrency-dealers-1735429 Who guys mainly arrested for Bitcoin and i don't think they are involved with other crimes.Nevertheless, they've seen it coming since Bitcoin is illegal on Bangladesh.
I can't blame the Bangladeshi police for arresting these individuals if they were involved in fraud. I don't care what currency you're using, if you're blatantly promising something that you can follow through with, you deserve the arrest.
The news is vague, it's not clear if those people arrested only because they trade Bitcoin or also involved on another criminal activity.
Nevertheless, they've seen it coming since Bitcoin is illegal on Bangladesh.
This is true news because a lot of Bangladeshi national news highlighted https://www.thedailystar.net/backpage/news/police-arrest-3-cryptocurrency-dealers-1735429 Who guys mainly arrested for Bitcoin and i don't think they are involved with other crimes. Nevertheless, they've seen it coming since Bitcoin is illegal on Bangladesh.
https://www.youtube.com/watch?v=KncarNpmGzY
https://www.dhakatribune.com/bangladesh/nation/2019/04/27/bogra-cyber-police-arrests-three-members-of-cryptocurrency-gang
Bogra cyber police arrests three members of cryptocurrency gang
Police found two of their used websites and blocked one
The cyber police in Bogra has arrested three members of a cryptocurrency gang.
They seized two laptops, 16 mobile phones, and 20 SIM cards from the detainees after the arrest on Thursday.
Police conducted raids in Habiganj and Lakshmipur for two days and arrested them and brought them to Bogra.
Police found two of their used websites and blocked one.
Bogra Detective Branch (DB) of Police SI Shafiul Alam Shafiq filed a case against them with Bogra Sadar police station under section 1(B) of the Digital Security Act, 2018.
The arrestees are: Shah Md Tanim, 22, Sohel Mia, 27, and Maruf Billah, 25.
The investigating officer of the case, Cyber Police Inspector Emran Mahmud Tuhin sought eight-days’remand after producing them before Bogra Judicial Magistrate Court on Friday afternoon.
Bogra Superintendent of Police (SP) Ali Ashraf Bhuiyan in a press briefing said: “The virtual currency bitcoin is illegal in Bangladesh. However, the use of cryptocurrency is increasing day by day.
“The gang sold bitcoins and other forms of web money to their particular customers.
“Digital currency transactions are functioned online where all information is kept secret. This type of digital currency is called cryptocurrency. “
Cryptography method is used for bitcoin exchange and the code used in this method is quite impossible to figure out, the SP added.
https://www.dhakatribune.com/bangladesh/nation/2019/04/27/bogra-cyber-police-arrests-three-members-of-cryptocurrency-gang
Bogra cyber police arrests three members of cryptocurrency gang
Police found two of their used websites and blocked one
The cyber police in Bogra has arrested three members of a cryptocurrency gang.
They seized two laptops, 16 mobile phones, and 20 SIM cards from the detainees after the arrest on Thursday.
Police conducted raids in Habiganj and Lakshmipur for two days and arrested them and brought them to Bogra.
Police found two of their used websites and blocked one.
Bogra Detective Branch (DB) of Police SI Shafiul Alam Shafiq filed a case against them with Bogra Sadar police station under section 1(B) of the Digital Security Act, 2018.
The arrestees are: Shah Md Tanim, 22, Sohel Mia, 27, and Maruf Billah, 25.
The investigating officer of the case, Cyber Police Inspector Emran Mahmud Tuhin sought eight-days’remand after producing them before Bogra Judicial Magistrate Court on Friday afternoon.
Bogra Superintendent of Police (SP) Ali Ashraf Bhuiyan in a press briefing said: “The virtual currency bitcoin is illegal in Bangladesh. However, the use of cryptocurrency is increasing day by day.
“The gang sold bitcoins and other forms of web money to their particular customers.
“Digital currency transactions are functioned online where all information is kept secret. This type of digital currency is called cryptocurrency. “
Cryptography method is used for bitcoin exchange and the code used in this method is quite impossible to figure out, the SP added.
I have read the news at thursday. One of the arrested person is my familiar in facebook before joning this forum. Basically they have been arrested for cheating with customers in their website (https://easypaidbd.com/). The Cyber Police of Bogura investigated into matter with the report of one victim who has been cheated by them.
They have nothing anything else which is bad for anyone or they did not done any crime. Bangladeshi police just arrested them for taking illegal money and they claiming bad things about them. Shit Bangladesh police and government. Those three people not scam anyone even they are most honorable person to help trading and investing. They have a fresh mind and people know about bangladeshi police.
I can give some news where you will find how about character of bangladeshi police.
https://www.dhakatribune.com/bangladesh/nation/2019/04/28/si-closed-another-arrested-for-reported-extortion-of-locals
https://www.thedailystar.net/country/news/girl-raped-jashore-four-arrested-over-rape-sexually-harassing-bangladesh-1736362
I can give some news where you will find how about character of bangladeshi police.
https://www.dhakatribune.com/bangladesh/nation/2019/04/28/si-closed-another-arrested-for-reported-extortion-of-locals
https://www.thedailystar.net/country/news/girl-raped-jashore-four-arrested-over-rape-sexually-harassing-bangladesh-1736362
https://www.youtube.com/watch?v=KncarNpmGzY
https://www.dhakatribune.com/bangladesh/nation/2019/04/27/bogra-cyber-police-arrests-three-members-of-cryptocurrency-gang
Bogra cyber police arrests three members of cryptocurrency gang
Police found two of their used websites and blocked one
The cyber police in Bogra has arrested three members of a cryptocurrency gang.
They seized two laptops, 16 mobile phones, and 20 SIM cards from the detainees after the arrest on Thursday.
Police conducted raids in Habiganj and Lakshmipur for two days and arrested them and brought them to Bogra.
Police found two of their used websites and blocked one.
Bogra Detective Branch (DB) of Police SI Shafiul Alam Shafiq filed a case against them with Bogra Sadar police station under section 1(B) of the Digital Security Act, 2018.
The arrestees are: Shah Md Tanim, 22, Sohel Mia, 27, and Maruf Billah, 25.
The investigating officer of the case, Cyber Police Inspector Emran Mahmud Tuhin sought eight-days’remand after producing them before Bogra Judicial Magistrate Court on Friday afternoon.
Bogra Superintendent of Police (SP) Ali Ashraf Bhuiyan in a press briefing said: “The virtual currency bitcoin is illegal in Bangladesh. However, the use of cryptocurrency is increasing day by day.
“The gang sold bitcoins and other forms of web money to their particular customers.
“Digital currency transactions are functioned online where all information is kept secret. This type of digital currency is called cryptocurrency. “
Cryptography method is used for bitcoin exchange and the code used in this method is quite impossible to figure out, the SP added.
https://www.dhakatribune.com/bangladesh/nation/2019/04/27/bogra-cyber-police-arrests-three-members-of-cryptocurrency-gang
Bogra cyber police arrests three members of cryptocurrency gang
Police found two of their used websites and blocked one
The cyber police in Bogra has arrested three members of a cryptocurrency gang.
They seized two laptops, 16 mobile phones, and 20 SIM cards from the detainees after the arrest on Thursday.
Police conducted raids in Habiganj and Lakshmipur for two days and arrested them and brought them to Bogra.
Police found two of their used websites and blocked one.
Bogra Detective Branch (DB) of Police SI Shafiul Alam Shafiq filed a case against them with Bogra Sadar police station under section 1(B) of the Digital Security Act, 2018.
The arrestees are: Shah Md Tanim, 22, Sohel Mia, 27, and Maruf Billah, 25.
The investigating officer of the case, Cyber Police Inspector Emran Mahmud Tuhin sought eight-days’remand after producing them before Bogra Judicial Magistrate Court on Friday afternoon.
Bogra Superintendent of Police (SP) Ali Ashraf Bhuiyan in a press briefing said: “The virtual currency bitcoin is illegal in Bangladesh. However, the use of cryptocurrency is increasing day by day.
“The gang sold bitcoins and other forms of web money to their particular customers.
“Digital currency transactions are functioned online where all information is kept secret. This type of digital currency is called cryptocurrency. “
Cryptography method is used for bitcoin exchange and the code used in this method is quite impossible to figure out, the SP added.
What they did exactly? What is the crime?
I found crypto is not banned in Bangladesh
Actually in Bangladesh cryptocurrency is still illegal so that maximum who working in forum are doing their buy and sell their coin in secretly. But i will say it was an Isolated Incident because those who arrested are criminal.They were doing fraudulent innocent people who do not know vast about cryptocurrency but want to invest for profit. Different times they did those kind of fraudulent so that victim people complain to police and arrested.
A team of Bogura cyber police led by Inspector Md Emran Mahmud conducted a drive in Madhabpur area of Habiganj and Raypur area of Laxmipur on April 23 and April 24 respectively and arrested the three cryptocurrency dealers.
The primary investigation revealed that the dealers had made two websites on December 20, 2017 and January 14, 2018, using which they had been making transactions involving virtual currency, according to the release.
Analysis found that the websites had 7,362 active users and about 27,800 transactions had been made through the websites. The arrestees used to transfer the money received from trading virtual currencies to their bKash and Rocket accounts, which were also recovered by the law enforcers.
The law enforcers recovered the websites and also seized two laptops, 16 mobile phones, and 20 SIMs from the arrestees.
A case under Digital Security Act has been filed against the trio with Bogura Sadar Police Station yesterday.
The primary investigation revealed that the dealers had made two websites on December 20, 2017 and January 14, 2018, using which they had been making transactions involving virtual currency, according to the release.
Analysis found that the websites had 7,362 active users and about 27,800 transactions had been made through the websites. The arrestees used to transfer the money received from trading virtual currencies to their bKash and Rocket accounts, which were also recovered by the law enforcers.
The law enforcers recovered the websites and also seized two laptops, 16 mobile phones, and 20 SIMs from the arrestees.
A case under Digital Security Act has been filed against the trio with Bogura Sadar Police Station yesterday.
so I understand they are being arrested because they used bitcoin and did some business involving bitcoin. Is a very unfortunate situation I wonder how long they will be arrested, what is the prison sentence for this crime? and if bitcoin is illegal Bangladesh, what's the prison sentence for using bitcoin in Bangladesh? I did a little search on google and found this:
Quote from: https://www.thedailystar.net/law-our-rights/law-analysis/bitcoin-legality-in-bangladesh-bank-1602583
The 2014 warning by Bangladesh Bank did not get much coverage in the local press but international press and bitcoin forums widely reported that Bangladesh has “banned” bitcoin and warned that bitcoin users may be jailed for up to 12 years.
jailed for up to 12 years.
It's a very high and exaggerated prison sentence.
Yes, I remember that I read similar cases last year about people in Bangladesh getting arrested because of crypto trading. I guess there traders are putting not just money risk, but their lives as well. But who can stop them if trading brings food in the table for their families?
It was not due to trading, last year a sum of 7-8 people were arrested due to mining bitcoin and some other crypto. Till now, I have not seen someone to be arrested for trading bitcoin in Bangladesh. However, it still is illegal here.It's probably just a matter of time before someone gets arrested for trading in that country if it has banned btc. Banning it means it's illegal to be associated with bitcoin and crypto so unfortunately for the citizens there, they'll have to face the risk of getting apprehended if they mine, or even trade with crypto.
Yes, I remember that I read similar cases last year about people in Bangladesh getting arrested because of crypto trading. I guess there traders are putting not just money risk, but their lives as well. But who can stop them if trading brings food in the table for their families?
It was not due to trading, last year a sum of 7-8 people were arrested due to mining bitcoin and some other crypto. Till now, I have not seen someone to be arrested for trading bitcoin in Bangladesh. However, it still is illegal here. Once again this has taken place, last year the police arrested few trader in Bangladesh. What the government think of think of limiting the bitcoin usage, they're one among the country that has banned the use of bitcoin. There are people who move to the neighboring countries in specific to India for their cryptocurrency trading purpose. I believe this won't stop the true users of bitcoin from using it.
Yes, I remember that I read similar cases last year about people in Bangladesh getting arrested because of crypto trading. I guess there traders are putting not just money risk, but their lives as well. But who can stop them if trading brings food in the table for their families?
I guess they just need to be very careful because I'm sure a lot of Bangladeshi is still trading underground or somewhere else. I don't know about moving to India though, they've been a pain lately and they could possibility ban it, in my opinion.
I think these people are bad guys from the start, I mean why they are being arrested for merely trading bitcoins, when bitcoins are not even banned from their own country. obviously these guys have made something unlawful to get them arrested they are robbers anyway. the title is misleading it should be updated to avoid confusions.
As pursuer said . bangladesh is one of the countries that ban bitcoin . now if you will still continue using bitcoin on your country even if its banned then you know what will happen to you . can either go to the jail or you will be asked to pay the amount that you stole ( times 10 ) . however , idk the exact situation on how these guys have caught when trading bitcoin offline is still anonymous . they can use fake details and a vpn connection to mask their true connection . or maybe they are trading offline from person to person .
Yes, strange events take place in Bangladesh. Three members of a gang of cybercriminals who secretly sold cryptocurrency were arrested. Just a terrible crime. However, as noted by the police, despite the tough measures taken, the number of people involved in cryptocurrency is growing day by day. I wonder how the authorities will behave when the number of people involved in cryptocurrency will increase many times?
just FYI Bangladesh is among the handful of countries that have actually banned bitcoin (this is actual ban meaning you can't own, trader, use bitcoin. not like the lies about China, India and a dozen others regarding ban which is fake). so this is not really a newsworthy thing since these people were actually performing something illegal. of course they were arrested because it was a "big operation" otherwise individuals aren't that much under observation to be arrested if they used bitcoin!
OP, these 3 people weren't arrested due to trade bitcoin. They have cheated people. In recent days, they have cheated BDT 100k from an user or a group of user. Prior to this, they have been cheating others for a long time. The people whom they scammed BDT 100k has filed a lawsuit to the cyber police and that's why they were arrested.
Last year, we have seen some people were also arrested in Dhanmondi. They too were not arrested due to trading bitcoin, they were mining bitcoin for a long time. After having solid information about that, police raid and arrested them.
Last year, we have seen some people were also arrested in Dhanmondi. They too were not arrested due to trading bitcoin, they were mining bitcoin for a long time. After having solid information about that, police raid and arrested them.
A quick look into other sources and apparently these guys are not just 'mere traders' as to what OP is trying to convey in here. If anything tey are involved in scams, theft and money laundering--in short they are criminals of some sort. It's better for them to get detained instead of getting more victims along the way. We need little of these pricks in the ecosystem in order to not tarnish the name of bitcoin and crypto as a whole.
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They seized two laptops, 16 mobile phones, and 20 SIM cards from the detainees after the arrest on Thursday!
That doesn't look like they were "merely" trading in cryptos. I am sure there is more behind the entire story! A normal trader would not use such huge amounts of mobile phones and sim cards. They must have done some kind of illegal money transmissions which can be classified as "Laundering"!
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