Topic: building a crypto criminal database - page 2. (Read 977 times)
Bitcoin is one of the most widely used scams in today's world. There are many people who have lost everything through bitcoin scamming. If the South Korean company could find out the source of the scam, the common man would benefit a lot. However, it is better to say that some innocent people may come under the law. As is often the case in Asian countries because Bitcoin has been declared illegal in these countries.
BTCBTC All lovers of Bitcoin will fill same way as has been expressed. Yet there is much to do to relieve Bitcoin from the shackles of criminals who are using it for illegal activities.
How hard it would be to solve cases if there will be a criminal database and its cover is the people from all over the world. This is somehow a big job but if all the justice system work together as one in the whole world or just even in their own country to implement then that would be better with no bias in judgement. However, if we were only talking data base of the criminals without putting them to jail then I guess as early as now we have to stop this plan to implement or make this database for crypto criminal. There is no good creating like when it will not be working.
have you checked this?
https://bitcointalksearch.org/topic/crypto-scamio-project-5266786
a project that contains information about abusive addresses.
https://crypto-scam.io/
you can give your contribution by reporting abusive addresses as well.
https://bitcointalksearch.org/topic/crypto-scamio-project-5266786
a project that contains information about abusive addresses.
https://crypto-scam.io/
you can give your contribution by reporting abusive addresses as well.
That is something new. Would it work like a real bounty rewards system? On where you will personally caught the wanted criminals then get rewards per the level of crime done by that criminal. That system can be really dangerous and can only work if the users using that system are part of the military and police force. They can also use the entire police record and should really coordinate with police force if they want something to work like that since all records are confidential.
So you want taxpayers money to be wasted by making stupid system/projects like this? I mean why do we need a "crypto" criminal database? If a person commits a crime, using bitcoin or any other method, he is a criminal. You don't need to separately point a person just become he committed a crime using crypto currencies. The project sounds more like they are trying to show people crypto currencies are bad.
Every country already has a central database for criminals. We don't need a new database to keep "crypto" criminals.
Every country already has a central database for criminals. We don't need a new database to keep "crypto" criminals.
all we can try to block the exit of "dubious" bitcoins anywhere
Why would we want to do that? Why would we want to create two tiers of bitcoin, one "clean" and one "dubious"? Why would we want to undermine the fungibility of bitcoin? That sounds terrifying when all your savings will be mixed with a coin from a known hacker. The fungibility is always going to be at risk when coins enter to an exchange when you don't know what are sent to your wallet.
We don't know what rules the exhcnage or government wil be creating for it yet but they might assume you are part of the network after all one tomato mixed to a basket of tomatoes will likely make them all rotten in less than a week.
all we can try to block the exit of "dubious" bitcoins anywhere
Why would we want to do that? Why would we want to create two tiers of bitcoin, one "clean" and one "dubious"? Why would we want to undermine the fungibility of bitcoin? 
all we can try to block the exit of "dubious" bitcoins anywhere
Why would we want to do that? Why would we want to create two tiers of bitcoin, one "clean" and one "dubious"? Why would we want to undermine the fungibility of bitcoin? This company in South Korea is figuring out that once a cyber criminal, always a cyber criminal. They found that two separate big crypto crimes shared the same exchange account for onramping or offramping. Of course most of it was done with Bitcoin. Don't know how it will get better before getting worse.
https://thenews.asia/hyungoo-kim-tracking-cryptocurrency-cyber-crimes/
https://thenews.asia/hyungoo-kim-tracking-cryptocurrency-cyber-crimes/
I always wonder why people are so greedy. Well, you have committed a crime, for example, earned a few million dollars on it that will last you for the rest of your days, and also your children, too. Why are you going to do this again putting yourself in danger of losing everything and going to prison where you will eat unleavened porridge? Unclear.
all we can try to block the exit of "dubious" bitcoins anywhere
Why would we want to do that? Why would we want to create two tiers of bitcoin, one "clean" and one "dubious"? Why would we want to undermine the fungibility of bitcoin? You lost me there, what were the ways to cash out kyc-less again?
Peer to peer trading and decentralized exchanges such as Bisq and LocalCryptos, using pretty much any method you like from cash in person, bank transfers, money orders, through to PayPal, Skrill, Perfect Money. 
There are plenty companies out there who already do that, they research and catalogue BTC transactions and their addresses. They sell their services to banks and other instutions .
For example if a bank falgs someones transactions , asks prrof, client gives them proof of BTC transactions, bank can give this to the company and ask them if the transactions are criminally associated.
For example if a bank falgs someones transactions , asks prrof, client gives them proof of BTC transactions, bank can give this to the company and ask them if the transactions are criminally associated.
Actually it is not difficult to track Bitcoin transactions, as we know Bitcoin is not completely anonymous. But related crimes involving
Bitcoin are currently increasing, perhaps because the price of Bitcoin is getting more expensive. Many criminals think hacking Bitcoin
is the best way to get rich, and also criminals think Bitcoin is guaranteed 100% privacy. Even though the reality is not like that, one
example of a twitter hacker who hacked into a famous account was finally caught. Then related to building crypto criminals databases
is not the best way to prevent crimes in the cryptocurrency world. Because criminals can create multiple Bitcoin addresses and can also
use service mixers.
Bitcoin are currently increasing, perhaps because the price of Bitcoin is getting more expensive. Many criminals think hacking Bitcoin
is the best way to get rich, and also criminals think Bitcoin is guaranteed 100% privacy. Even though the reality is not like that, one
example of a twitter hacker who hacked into a famous account was finally caught. Then related to building crypto criminals databases
is not the best way to prevent crimes in the cryptocurrency world. Because criminals can create multiple Bitcoin addresses and can also
use service mixers.
crypto crime in cyberspace is real. what often happens is hacking, because many hackers misuse their knowledge to commit crimes just because they want to get a profit. This is very scary and should be avoided. We know that bitcoin is very expensive and it makes people very eager to own it
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Their "anti-criminal strategy" falls off a huge cliff the moment you start wondering how these hackers will cash out.. because they are most likely not that stupid to ever move their coins to a centralized exchange anyway. They'll probably use Bisq or other p2p methods in combination with mixers to get through unseen, so how useful is this blockchain identification thing then if the ways they'll cash out are KYC-less anyway?
Their "anti-criminal strategy" falls off a huge cliff the moment you start wondering how these hackers will cash out.. because they are most likely not that stupid to ever move their coins to a centralized exchange anyway. They'll probably use Bisq or other p2p methods in combination with mixers to get through unseen, so how useful is this blockchain identification thing then if the ways they'll cash out are KYC-less anyway?
You lost me there, what were the ways to cash out kyc-less again? Most fiat ramps i know need at least a bank account, and getting big sums of cash to your bank account raises questions. We got kyc now even in BTC 2 cash ATMs.
These days even in person to person trades are worrying me, because my accounts might get connected to something illegal the other person is doing. Also dealing with large cash sums raises questions of the origin too.
That's why I love blockchain. You can't hide anything, no matter how hard you try, no matter how much you want, the blockchain allows you to see everything. Even if you use a bitcoin mixer, everything is exactly possible to understand the original wallet.
I am not a supporter of de-anonization, however, given the youth of the crypto market, and how much it suffers from all kinds of scam, we probably have nothing but to create such a base to isolate dirty bitcoins. Although I doubt that there are no loopholes to launder them.
I am not a supporter of de-anonization, however, given the youth of the crypto market, and how much it suffers from all kinds of scam, we probably have nothing but to create such a base to isolate dirty bitcoins. Although I doubt that there are no loopholes to launder them.
And some people still think that it's an anonymous currency for online drug dealers and hackers.
The ignorance and stupidity have no boundaries. Of course you can launder money through cryptocurrencies but with Bitcoin it's quite difficult especially with the KYC procedures on almost every single exchange. You can make up credentials, get fake IDs but all of it leaves a trace that can be later used to get you. You're only safe if you find a way to exchange coins anonymously. No amount of mixing can save you if they really want to get you.
Alas, mixing is a great way. Of course you can find these bitcoins after mixing with a lot of effort, but does it give you something?
Bitcoin is not regulated, leaves a trace only in the blockchain, all we can try to block the exit of "dubious" bitcoins anywhere, but this is solved through the use of mixers.
actually crypto crimes will be easy to detect because they always make very large suspicious transactions. but we can only watch and cannot do anything because there is no authority or legal entity that can supervise it. crime in crypto will always exist and for sure we have to be careful not to be targeted by cyber criminals
Crime in crypto will continue to exist as scammers and hackers are all residing inside the same market with us.
We can track them but chasing them without any implemented rules inside this
sphere, it will be hard to convict them inside decentralized market like crypto.
Unless there's certain policy that governs, it's still possible to chase them and let
them pay for what they've done.
Fortunately for law enforcement, cryptocurrency cyber crimes are easy to track. Every single transaction on the Bitcoin and Ethereum blockchains are recorded and immutable, meaning they are permanent and cannot be altered. Therefore, the transaction history of every wallet, including those on exchanges, can be tracked from the instant they are created.
actually crypto crimes will be easy to detect because they always make very large suspicious transactions. but we can only watch and cannot do anything because there is no authority or legal entity that can supervise it. crime in crypto will always exist and for sure we have to be careful not to be targeted by cyber criminals
They can flag and track wallet until the cows come home. You still can't prove someone owns said wallet. You can say their pc was used or remotely used to access said wallet but you cannot prove it was them or their wallet.
It is like having someones IP address. government has tracked that for years and years. If they track bitcoin addresses that's fine. Good luck to them if they feel that is what will protect the county from crime then so be it.
I don't think we have anything to worry about.
I can vouch for the flagging and tracking of the wallet but when you said that it can't prove that it was the culprit then you might be underestimating the investigations of the cyber police and law enforcement at that. I think the part where the computer was used by a third party is very unlikely because if you are responsible then you will not be acquainted to this sticky situation, plus why would the culprit go to the lengths of accessing other computer when they can just get softwares that help them hide their online footprints. It is like having someones IP address. government has tracked that for years and years. If they track bitcoin addresses that's fine. Good luck to them if they feel that is what will protect the county from crime then so be it.
I don't think we have anything to worry about.
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