Topic: building a crypto criminal database - page 5. (Read 977 times)
It's as if most of them are finding a way or two to monitor the movements of people, and are just using the words "criminals' vaguely to further their agenda and have a justification on what they do. I do not condone criminal activities and any activities relating to it, but if it crosses the line on civilian's privacy and right to keep their information safe and secure, that's when I step up. Besides, there are tons of analysis tools that law enforcement use to catch criminals on their feet doing nefarious things, why add yet another method on doing so? Idk, perhaps they are exaggerating their response to criminal activities concerning crypto, when in reality most of the dirty stuff happens in fiat.
This "used in crimes" excuse is just without sense .. honestly. It's a stupid excuse for abusive control.
Our government over here passed a bill sometime last year to regulate posts made on social media, it was called the social media bill, and the excuse was that people used their social media accounts to defame the government. But in truth, it's more of used to expose to the rest of the world how corrupt and inefficient the government is. You and i should not be surprised with how governments make excuses to suit their own policies, when India banned Chinese apps, the excuse was China were spying on their citizens, but the true reason is the border war between the two countries. Ironically, bitcoin being used in crimes is really very microscopic in scale, fiat covers more than 90% of the tools used in crimes or money laundering; the government only want censorship, they want to regulate/mediate it, so we're being presented with the best possible excuse as usual.
Companies like chainalyses can easily track BTC already so that´s not the point. I´m afraid to gain more users and to reach some sort of mass adoption it needs to be safer to use Bitcoin, perceived safer from the newbies! A criminal database could help emowering that feel of security, again especially for rookies
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.
Korean exchanges and probably the rest of the exchanges in Asia like Binance had already grabbed a lot of information from us as part of their database to scrape.
Yes and that surprises me! I know bitcoin is not completely anonymous. But unless and until the money is flown into a regulated business like exchanges, payment services, it's very difficult to track the sender. So this bold statement is really surprising. Quote from the article below,
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.
Korean exchanges and probably the rest of the exchanges in Asia like Binance had already grabbed a lot of information from us as part of their database to scrape.
Yes and that surprises me! I know bitcoin is not completely anonymous. But unless and until the money is flown into a regulated business like exchanges, payment services, it's very difficult to track the sender. So this bold statement is really surprising. Quote from the article below,
Quote
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. As more information about cyber crimes is collected, the faster the public and law enforcement can react to the crimes themselves.
But at the end of the day, innocent people shouldn't be tracked and questioned for no reason. In any way, if someone is not related to any crime, they should be safe!
bad feeling? that thing that you're thinking is already happening. Bitcoin tracking, blockchain analysis, tracking of users, etc, none of that is new to the crypto ecosystem. The latest news about Coinbanse[1] was pretty much a confirmation that big exchanges are working hand-to-hand with the govt
I'm getting a bad feeling as in I feel like it's only getting worse every time a new article pops up with these two terms.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.
This shows how silly and lazy the world has become. It literally takes you one "USD used in crimes in 2019" Google search to find out how manipulated you get by reading the press. Personal opinion: most of the people who get different things shaped up in their minds the wrong way are the same people who only read article titles and get to a conclusion solely based on them.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 is difficult in the sense most people want to trade anonymously but bad eggs are using it in a wrong way. Cryptoscam addresses are being stamped but the problem is that when it is being mixed, the scammer receive a new coin into addresses that were not be stamped. The only way forward is if the mixing services can detect crypto from addresses associated with scam which might be generally against their services. I literally think it is impossible to separate tracking from bitcoin if you want to retrieve stolen coin
I understand there are criminals out there, but it's not my fault and I don't think it's right for them to take yet another right/freedom away from me because a douche is using BTC for his illegal activity. Nor is it okay at all to try censoring a free currency. This is probably going to be a continuous cat-and-mouse chasing game where at one point there's going to be a winner: the authorities or us.There surely has been an instance even you have been through where you paid in cash at a shop and the banknotes you've used have once been used in an assassination or some other crime. This "used in crimes" excuse is just without sense .. honestly. It's a stupid excuse for abusive control.
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
bad feeling? that thing that you're thinking is already happening. Bitcoin tracking, blockchain analysis, tracking of users, etc, none of that is new to the crypto ecosystem. The latest news about Coinbanse[1] was pretty much a confirmation that big exchanges are working hand-to-hand with the govt1. https://www.theblockcrypto.com/post/71261/coinbase-is-selling-blockchain-analytics-software-to-the-us-secret-service
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
As others have told me in a previous thread of mine about mixers, at one point we will most likely all own Bitcoins that came from addresses that have been used in criminal activity or in mixers. So are we going to flag all these addresses? How do you censor a censorship-free system?
It is difficult in the sense most people want to trade anonymously but bad eggs are using it in a wrong way. Cryptoscam addresses are being stamped but the problem is that when it is being mixed, the scammer receive a new coin into addresses that were not be stamped. The only way forward is if the mixing services can detect crypto from addresses associated with scam which might be generally against their services. I literally think it is impossible to separate tracking from bitcoin if you want to retrieve stolen coin Quote
Hyungwoo Kim, CEO of Uppsala Security explained how domestic South Korean money laundering and cyber crime experts still roam free in the country using cryptocurrency.
(..)
Second, he explained that as he helped law enforcement discover the identities of some of the nth-room degenerates through their ETH, BTC, and Monero transactions, (..)
Kim made a straightforward plea to the audience that as cases of cyber crimes via cryptocurrency proliferate and are exposed, countermeasures against them should evolve. (..) His suggestion was to identify criminal wallets and flag them so that they cannot be used in the future.
Fortunately for law enforcement, cryptocurrency cyber crimes are easy to track.
Reading through the lines, my previous statement is further confirmed. So how are we going to flag criminal wallets so that they cannot be used in the future? Because that's censorship, and Bitcoin is a censorship-free cryptocurrency.(..)
Second, he explained that as he helped law enforcement discover the identities of some of the nth-room degenerates through their ETH, BTC, and Monero transactions, (..)
Kim made a straightforward plea to the audience that as cases of cyber crimes via cryptocurrency proliferate and are exposed, countermeasures against them should evolve. (..) His suggestion was to identify criminal wallets and flag them so that they cannot be used in the future.
Fortunately for law enforcement, cryptocurrency cyber crimes are easy to track.
As others have told me in a previous thread of mine about mixers, at one point we will most likely all own Bitcoins that came from addresses that have been used in criminal activity or in mixers. So are we going to flag all these addresses? How do you censor a censorship-free system?
There are a lot of people are making a crime with the use of the cryptocurrency because they think no one will detect and find out them because with the use of the transactions they made but they are wrong because once you are a criminal into the world of the internet let's say you are a hacker everything you made there is a digital footprint this is called for the things we are doing to the Internet and we can not avoid leaving a footprint on it that's why they caught immediately I don't think so why they are still doing this job because this is an illegal I know they want to earn money but still there is another way to do this.
That's the reason why some of the platforms requiring the use of the KYC so they can verify all of their users and avoid getting too many problems and the help if there is. trouble might happen with their platform even in data.
That's the reason why some of the platforms requiring the use of the KYC so they can verify all of their users and avoid getting too many problems and the help if there is. trouble might happen with their platform even in data.
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
bad feeling? that thing that you're thinking is already happening. Bitcoin tracking, blockchain analysis, tracking of users, etc, none of that is new to the crypto ecosystem. The latest news about Coinbanse[1] was pretty much a confirmation that big exchanges are working hand-to-hand with the govt1. https://www.theblockcrypto.com/post/71261/coinbase-is-selling-blockchain-analytics-software-to-the-us-secret-service
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
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.
Quote
countermeasures against them should evolve.
I guess it is not enough to implement the likes of KYC and all. There might come a time when people will have to register their Bitcoin address.
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.
Korean exchanges and probably the rest of the exchanges in Asia like Binance had already grabbed a lot of information from us as part of their database to scrape.
Yeah I feel you on being uneasy about tracking and flagging wallets. Seems like something a centralized system would have levied on it. That said, countries have their best interests in mind. The crimes being committed with cryptos in SK seem pretty bad so they probably want to mitigate that any way they can.
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
As others have told me in a previous thread of mine about mixers, at one point we will most likely all own Bitcoins that came from addresses that have been used in criminal activity or in mixers. So are we going to flag all these addresses? How do you censor a censorship-free system?
Quote
Hyungwoo Kim, CEO of Uppsala Security explained how domestic South Korean money laundering and cyber crime experts still roam free in the country using cryptocurrency.
(..)
Second, he explained that as he helped law enforcement discover the identities of some of the nth-room degenerates through their ETH, BTC, and Monero transactions, (..)
Kim made a straightforward plea to the audience that as cases of cyber crimes via cryptocurrency proliferate and are exposed, countermeasures against them should evolve. (..) His suggestion was to identify criminal wallets and flag them so that they cannot be used in the future.
Fortunately for law enforcement, cryptocurrency cyber crimes are easy to track.
Reading through the lines, my previous statement is further confirmed. So how are we going to flag criminal wallets so that they cannot be used in the future? Because that's censorship, and Bitcoin is a censorship-free cryptocurrency.(..)
Second, he explained that as he helped law enforcement discover the identities of some of the nth-room degenerates through their ETH, BTC, and Monero transactions, (..)
Kim made a straightforward plea to the audience that as cases of cyber crimes via cryptocurrency proliferate and are exposed, countermeasures against them should evolve. (..) His suggestion was to identify criminal wallets and flag them so that they cannot be used in the future.
Fortunately for law enforcement, cryptocurrency cyber crimes are easy to track.
As others have told me in a previous thread of mine about mixers, at one point we will most likely all own Bitcoins that came from addresses that have been used in criminal activity or in mixers. So are we going to flag all these addresses? How do you censor a censorship-free system?
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/
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