building a crypto criminal database - page 3.

Ozero

full member

Activity: 2142

Merit: 183

Quote from: TNA on July 20, 2020, 09:07:24 AM

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/

The creation of such databases on cybercriminals and the wallets and other resources they use should be dealt with by law enforcement agencies. They are still practically inactive. Well, let various commercial structures collect data on this for now. Perhaps this information will be useful in the future.

Zionatin

sr. member

Activity: 906

Merit: 263

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.

dimastegar

sr. member

Activity: 798

Merit: 251

Small Trader

Quote from: bittraffic on July 20, 2020, 09:57:24 AM

Its easy to track they say. Its their project so if they can track criminals and put it in a database then tis their call. Blockchain tracks can be used to build cases and proof just how as we find it useful in finance.

We know that all transactions are well recorded on the Blockchain. Both the sender's BTC address, the amount of BTC, and the date the transaction was made are all on the Blockchain. But what happens if the hacker makes a transaction via Mixer? Isn't a mixer used to maintain user privacy? Sometimes I think KYC is important .

Iceblast

full member

Activity: 783

Merit: 100

Quote from: bitbunnny on July 20, 2020, 05:07:57 PM

And what did we expect? To have broader and broader use of Bitcoin and services and that everything will remain the same? Including the illegal use of Bitcoin?
Of course not, Bitcoin should also fit into legal framework and that means that we need to sacrifice a part of of our privacy and anonimity and there is no sense in fighting it.

yes, bitcoin must have a legal environment because in any case today bitcoin cannot be owned by crypto criminals, it needs a special agency that handles bitcoin and also exchanges if there is a criminal track in the database, so it is easy to trace if there are suspicious bitcoin transactions or reports lost bitcoin due to theft and hack

MainIbem

sr. member

Activity: 1316

Merit: 379

Fully Regulated Crypto Casino

Quote from: 20kevin20 on July 20, 2020, 09:24:30 AM

I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence.

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.

uray

hero member

Activity: 1400

Merit: 505

Quote from: rexxarofmoknathal on July 25, 2020, 08:56:21 AM

Building a criminal database using the blockchain technology is a good idea but it would have to compromise on privacy. This is the greatest challenge, going against what BTC was built for.

Why are you worried about the criminal database and why do you think about privacy for these criminals. There is a clear misunderstanding from what you understand about bitcoin, when you have a public blockchain where you can monitor the money trail from the moment the coin is mined and how come you came to a conclusion that privacy is the main aim of bitcoin.

NurAzizahhh

newbie

Activity: 14

Merit: 0

You can really see this in their terms and conditions, cyber crime groups can enter the scene to find something shady in connection with any crime that can be committed online. What's more, tracking is easy, in fact anyone can do this because the blockchain is kept public, but searching for who uses that address is almost impossible, I've never heard of anyone being traced because they found their IP

verita1

member

Activity: 1358

Merit: 81

Kim who leads the project has a good argument and he is completely right.

We are seeing that cyber attacks around cryptocurrencies are proliferating, it is time to be forceful to prevent hackers from getting away with it.

He suggests identifying the hackers' wallets and flag them so that they cannot be used.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18748

Quote from: fiulpro on July 25, 2020, 06:33:39 AM

-KYC is being demanded by most of the wallet companies

Any "wallet" which demands KYC is not a wallet at all. It is a third party custodial service, and should be avoided. You should hold your own keys in your own wallet, not trust someone else to do it for you.

Quote from: rexxarofmoknathal on July 25, 2020, 08:56:21 AM

However, the benefit of it is that once a persons's details are entered in the database, well this is made public, but the great advantage is that power and money won't have much effect in erasing the data.

Why not? This database is going to have to be centralized, so what is to stop someone paying or bribing the owners to have their name removed from it? Similarly, how does adding someone's name prevent them from scamming in the future? They can create a new wallet completely unlinked to their previously identified wallets and addresses in 10 seconds.

rexxarofmoknathal

sr. member

Activity: 980

Merit: 260

Building a criminal database using the blockchain technology is a good idea but it would have to compromise on privacy. This is the greatest challenge, going against what BTC was built for.

However, the benefit of it is that once a persons's details are entered in the database, well this is made public, but the great advantage is that power and money won't have much effect in erasing the data. So in a way it levels the playing field of criminality for both the power and the reach, bringing that inequality gap slight closer.

fiulpro

hero member

Activity: 1890

Merit: 831

To build a criminal database one would need the information of everyone who is involved in this therefore this would genuinely hurt the Privacy part of the cryptocurrencies like Bitcoins.
This would create problems for the Investors and for the network itself. It would more or so make the cryptocurrencies a Centralized body , there have been events that makes me think that this would happen in the future soon:
-KYC is being demanded by most of the wallet companies
-Due to KYC the bank accounts are being connected and information is being sent to the government body
-.-
I do think it should be done only when an investigation is being done therefore it would actually be justifiable.

This step may cause 2 things :
-Completely eradicate the privacy
-eradicate the chance that could have been given to those people who made a mistake , I think everyone needs that chance no matter what.

target

legendary

Activity: 2282

Merit: 1041

I'd be very interested to know how they could track criminals using the blockchain though. We are already a regulated market and so they could get access if Uppsala Security will be considered by authorities. The number of criminals increases as we get more users on board in crypto.

Quote from: pixie85 on July 24, 2020, 01:40:17 PM

Quote from: desticy on July 24, 2020, 01:13:05 PM

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.

And some people still think that it's an anonymous currency for online drug dealers and hackers. Wink

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.

And so the dex are perfect to used which I guess Hyungwoo Kim will have a hard time.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: desticy on July 24, 2020, 01:13:05 PM

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.

And some people still think that it's an anonymous currency for online drug dealers and hackers. Wink

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.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

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.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18748

Quote from: Oasisman on July 23, 2020, 06:12:37 PM

The only reason why I came up to that idea is because I feel very frustrated with how Bitcoin had a lot of holes where criminal activities can easily be done without being tracked easily as well.

Sure, I can appreciate that, but look at any other piece of modern technology. The internet can be used by criminals without being easily tracked. Encryption can be used by criminals and make it impossible to have their communications read. Tor can be used by criminals and make it very difficult to de-anonymize them. Cold hard fiat can be completely untraceable. The solution to these problems is not to start banning bitcoin addresses, banning Tor, banning encryption, censoring the internet, etc., but rather to crack down on criminal behavior.

Quote from: kezinaur14 on July 23, 2020, 07:22:51 PM

I mean remember current news cycles care mostly about clicks and nothing rustles peoples jimmies like the combination of these two.

The vast majority of crypto media cannot be called "news". They are low quality blog posts, more often than not containing incorrect information written by someone who has done zero research, lifted some posts from here/reddit/twitter, and doesn't even understand the subject matter or the terms they are using. CoinIdol, Cointelegraph, and sites like them are clickbait trash.

kezinaur14

jr. member

Activity: 90

Merit: 1

Quote from: Darker45 on July 20, 2020, 10:03:14 AM

And the worst feeling ever is when the words Bitcoin and crime/criminal are in the same sentence. That's when Bitcoin is dismissed as a dirty currency. And, as such, it has to be severely regulated in such a way that its wings are clipped hard. This means government resources and powers are utilized to arrest the freedom that Bitcoin is providing to the people.

When these two words are almost equated, that's when the mere mention of Bitcoin evokes fear in people and a stereotype is created.

It's not accidental btw, this seems like a intentional or at least very convenient repeated coincidence. I mean remember current news cycles care mostly about clicks and nothing rustles peoples jimmies like the combination of these two. You just have to follow the money and you'll see what I'm talking about.

It sucks, really. But many new technologies were feared before they were accepted / commonplace, bitcoin is no exception to this norm, people fear what they don't understand and that's okay

Sadlife

sr. member

Activity: 1400

Merit: 269

If those criminals use Bitcoin for criminal activities then it could be a bad move. As we know, all the transaction made in Bitcoin are publicly displayed in the Blockchain api (site).
So these criminals will surely cannot do anything they want with their stolen Bitcoins. I guess this is one of the perks of having a pseudonymous system.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: o_e_l_e_o on July 23, 2020, 05:36:26 AM

Quote from: Oasisman on July 23, 2020, 04:48:18 AM

If all mixers has the integrity to serve their clients honestly, they must use the database to block and freeze a scammer addresses.

I am still struggling to understand why people who are supposed to be bitcoin advocates are talking about handing control over to a centralized third party. This is the complete antithesis of bitcoin. If you want to use a currency that can be arbitrarily frozen or seized, then there are hundreds of fiat currencies and thousands of centralized shitcoins you can choose from. Keep that nonsense away from bitcoin.

The only reason why I came up to that idea is because I feel very frustrated with how Bitcoin had a lot of holes where criminal activities can easily be done without being tracked easily as well.
And no, I didn't mean to hand over the control to these third party companies, that's why I mentioned "Integrity and honesty". They can look at the database of suspicious addresses without going over to the unnecessary ones I guess. This are just my opinion anyway.

Nevertheless, you made a strong point with your statement.

Shasha80

sr. member

Activity: 1876

Merit: 318

This is what I fear will happen more and more, committing criminal acts using cryptocurrency. This is one reason why cryptocurrency is
difficult to accept by ordinary people. What's more scary is that more platforms will require KYC procedures. It is difficult eliminated
criminals from the world of cryptocurrency, therefore I strongly support what South Korea is doing with building criminals database related
cryptocurrency. Because criminals usually do repeat crimes.

coinfinger

sr. member

Activity: 1638

Merit: 278

Quote from: TNA on July 20, 2020, 09:07:24 AM

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/

Cryptocurrency is not bad, since it was created it has made a lot of things easy. I know a few of my friends who whenever I want to send money to them it was always difficult without Bitcoin, I used to make use of SWIFT codes and other methods that banks has to offer and it was really stressful whenever I have to send money to them or them send to me. I had to go to the bank and things gets worse when there are crowd in the bank, I will have to wait to get the form and then sign all those paperwork. And then the transactions take some days.

But since we made up our minds to be using Bitcoin, it’s no longer hard duty, they will just send me the address on my WhatsApp and I will quickly copy and send the money to them, and pay lesser fees. Cryptocurrency is a good invention, just that criminals are now using it for fulfilling their criminal activities.

Topic: building a crypto criminal database - page 3. (Read 1011 times)