Topic: Crimes involving crypto have risen - page 11. (Read 7349 times)
crimes involving cryptocurrency are one of the major reason for delay in mass adoption of cryptocurrency. Imagine educating someone on crypto, and later the person get robbed, either by sending asset to wrong address, hackers or investing in crypto startup's that are dubious. It will eventually make such person frown at crypto.
The popularity of bitcoin is now on the top right? Those criminals are have the idea that they can use bitcoin as their payment method because they knew that it is untraceable. I hope those whose on the top that manages the reputation of bitcoin would do their best to get red of those criminals that using bitcoin for their bad doings.
Crime people prefer to use high anonymity cryptocurrencies, and Monero is their beloved crypto. Dash and Zcash are also in this list of "crypto favorites". Therefore, not Bitcoin but these altcoins, known for their high degree of anonymity, are used by criminals for the sale of drugs, weapons, terrorist financing, and other crimes. However, the percentage of the crime use of crypto is very low.
Criminals use fiat also in their illegal activities, but the Government don't stop bitcoin shaming (shame on them). They are focusing to spread bad news about cryptocurrency using media to take down (they wish they could) cryptocurrency by all cost, they are willing to regulate it in exchange of having control but other countries are mad knowing they can't.
The point here is, as long it have a value to buy goods or different products even if it is illegal or not, people will continue to use it and Government can't do anything about it since they are the one who made it.
I suppose most of crimes are money laundering via cryptocurrency? I think its pretty good since it gives value to cryptocurrency. And do not attack me with messages that I support illegal activities. No, I don't support them. But if somebody wants to launder already dirty money then let's he do this through crypto so that it raise its price.
No, its the scams that are increasing, like someone putting an investment scheme to attract investors then close the business and take away the way. Last 2017 also when ICO was very popular, there are a lot of investors who rush on investing and they are not holding a bag of useless coins, its still a scam but that wouldn't be notice right away since they are still giving some updates.
Also, if we look at the large scales, the biggest crime in crypto is the exchanges hack where millions of money lose in an instant.
The popularity of bitcoin is now on the top right? Those criminals are have the idea that they can use bitcoin as their payment method because they knew that it is untraceable. I hope those whose on the top that manages the reputation of bitcoin would do their best to get red of those criminals that using bitcoin for their bad doings.
Crime people prefer to use high anonymity cryptocurrencies, and Monero is their beloved crypto. Dash and Zcash are also in this list of "crypto favorites". Therefore, not Bitcoin but these altcoins, known for their high degree of anonymity, are used by criminals for the sale of drugs, weapons, terrorist financing, and other crimes. However, the percentage of the crime use of crypto is very low.
The concept of privacy coin is good but if it's attract more problem and criminality then I guess it's better to be removed more specifically if used as a way to do things you mentioned above. If it's what it take anonymous coin should be removed, just like in korea they are starting to do so.
The popularity of bitcoin is now on the top right? Those criminals are have the idea that they can use bitcoin as their payment method because they knew that it is untraceable. I hope those whose on the top that manages the reputation of bitcoin would do their best to get red of those criminals that using bitcoin for their bad doings.
Crime people prefer to use high anonymity cryptocurrencies, and Monero is their beloved crypto. Dash and Zcash are also in this list of "crypto favorites". Therefore, not Bitcoin but these altcoins, known for their high degree of anonymity, are used by criminals for the sale of drugs, weapons, terrorist financing, and other crimes. However, the percentage of the crime use of crypto is very low.
"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."
where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
They are exaggerating to make the crypto industry the boogeyman, so the mass population will accept to be controlled easier via legislations, taxes, etc... It would have been interesting to give the figures for the fiats currencies. Because we think it's a lot, but if we could compare it with the dollar it would be peanuts! I remember a slogan saying "Create the problem and offer the solution"
Illegal activities with Bitcoin have decreased by more than half over the last 5 years....without Satoshi coming to say "hey! Here is the new regulation to fight the crime"
I suppose most of crimes are money laundering via cryptocurrency? I think its pretty good since it gives value to cryptocurrency. And do not attack me with messages that I support illegal activities. No, I don't support them. But if somebody wants to launder already dirty money then let's he do this through crypto so that it raise its price.
"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."
where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
Criminal activity through the use of digital currency is inevitable. There is saying money is the root of evil and it is true. I am sure that there are now many people who using digital currency to make illegal transactions.where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
It cannot be denied that crime against crypto has indeed increased, because cryptocurrency is very easily misused to embezzle money. and of course the increasing number of crimes against crypto is very influential on the movement of market prices and may even reduce its value
"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."
where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
Criminal activity through the use of digital currency is inevitable. There is saying money is the root of evil and it is true. I am sure that there are now many people who using digital currency to make illegal transactions. where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
I wonder how they came to that figures? this is an approximate or average analyst rating I believe, right? so this the question of that rating, how well it done.
And if the whole market were about 1 trln usd at 2017, how it is possible to loose// steal more then the market is?
And if the whole market were about 1 trln usd at 2017, how it is possible to loose// steal more then the market is?
Without cryptocurrency I think crime involving have risen, ist not fair when you fault crypto is make crime every where. Talking about the money always have issue and some big with crime happen if have chance, using bitcoin or altcoin and using money is not care, bitcoin or altcoin never support for using as crimes.
Because of its anonymity feature , it is difficult for the legal officer to track it down, just like in many movies now. we can heard bitcoin as their mode of money to use in their illegal operations or when they need some things that they don't want to be track down. Maybe that is one of the reason why government still does not want to legalize or make it as one of their currency because everyone can use cryptocurrency , everyone can earn without being monitored by the government.
Brazil is crazy!
Some of the scammers were killed by the investors, some are simulating their own death to escape the investors.
Some investors camped at corporate headquarters.
Worst of all, in some cases, the schemes are publicized in the media as advertising as a good investment, with celebrity backing and all.
Some of the scammers were killed by the investors, some are simulating their own death to escape the investors.
Some investors camped at corporate headquarters.
Worst of all, in some cases, the schemes are publicized in the media as advertising as a good investment, with celebrity backing and all.
There was a similar incident reported from India as well. Around one month ago, one individual (Abdul Shukoor) was killed by his own associates in the city of Dehra Dun, after he cheated them of close to $70 million in a cryptocurrency scam. As per media reports, he had scammed more than 50,000 people by promising them sky high returns by investing in cryptocurrency.
In third world countries such as India and Brazil, the law enforcement agencies are not prepared enough to deal with crimes involving cryptocurrency. As a result, some of the investors who get cheated will resort to their own ways to get revenge. And this was not an isolated incident. I have read about similar incidents from all around the globe.
Some of the scammers are simulating their own death, as you had posted. A perfect example is that of Gerald Cotten (the owner of the Quadriga CX cryptocurrency exchange). He had used the customer funds for trading and in the end he incurred huge losses, which he was unable to repay.
I had no doubt that not only inveterate criminals would want to use cryptocurrency in their atrocities, but those people who wanted to earn a lot of money using cryptocurrency would not be able to resist the temptation, and thirst for profit would be provoked to fraud and other types of crimes . Big money always attracts bad guys and the cryptocurrency market is no exception. I believe that this is another point because of which you need to have some control in the cryptocurrency market so that each user has the opportunity to legal protection of their funds and life.
You remind me of a simple reality, Honey attracts bees. Bitcoin is the juiciest fruit one can have in his whole life in terms of money. There are people in this world who survive by snatching other’s property. But we cannot and should not blame bitcoin for this. It has been blessing for wise guys. Majority has changed their life with the help of crypto currencies. There are ways to protect digital assets from thieves. Owners merely needs to be smart. 
We can't blame bitcoin or cryptocurrency for being involved in crimes or terrorism. It is just a tool used by people. The government and law enforcement agencies should fight exactly with criminals, and not with cryptocurrency.
Because of cryptocurrency criminal can do it anonymously without being caught by authority due to encrypted transaction of decentralized currency. Government should take actions on these kind of people who always commits crime particular on their cyber activities. Most of these people were scammers and hackers who usually breached the privacy of each individuals, specially with crypto funds.
The popularity of bitcoin is now on the top right? Those criminals are have the idea that they can use bitcoin as their payment method because they knew that it is untraceable. I hope those whose on the top that manages the reputation of bitcoin would do their best to get red of those criminals that using bitcoin for their bad doings.
This is a decentralized system of cryptocurrency and there is no chance for us to get rid of those people who are doing illegal stuff with bitcoin and in fact, bitcoin is not that top tier with it comes to illegal activities because there is already a lot of alt coins that got a better privacy features compare to bitcoin and we don't have a choice but to just cope up with those negativity because it is out of our control.Two reasons for more reports of crypto crimes:
Crypto is bigger news now than it used to be, which means that a crypto crime now is more likely to get reported than say 5 years ago.
Prices are so much higher than they used to be, which makes crypto more valuable and so a bigger target.
What can be done to reduce this? Well, we are already seeing the first stirrings of regulation in the crypto industry. This will help to weed out scam projects. Other types of crime, phishing etc, aren't crypto-specific, and other than regulation can only really be combated by increasing user awareness and adding extra security steps.
Another reason why we hear more news about crimes committed with cryptocurrencies is because governments are trying to scare people away from cryptocurrencies and what better way to do than to report every story related to crypto with all the details possible so people think that the market is filled with scammers and nothing more, there are people in this forum that have traded for years and never got scammed but you do not hear about them in the media, you hear about the newbie that lost everything to a scammer and how this is an indication that this market should be heavily regulated. Crypto is bigger news now than it used to be, which means that a crypto crime now is more likely to get reported than say 5 years ago.
Prices are so much higher than they used to be, which makes crypto more valuable and so a bigger target.
What can be done to reduce this? Well, we are already seeing the first stirrings of regulation in the crypto industry. This will help to weed out scam projects. Other types of crime, phishing etc, aren't crypto-specific, and other than regulation can only really be combated by increasing user awareness and adding extra security steps.
We can't blame bitcoin or cryptocurrency for being involved in crimes or terrorism. It is just a tool used by people. The government and law enforcement agencies should fight exactly with criminals, and not with cryptocurrency.
If the cryptocurrency is the one who is involved in crimes or even terrorism, it is not that easy for the government to fight those criminals and terrorists since it is nearly impossible for them to track the location or the IP address of the sender and receiver of the cryptocurrency. It is a reality that there is always a bad and good usage of something, it is just always depend on the people who uses it.We can help authorities and government through reporting them if we found out suspicious activities. Criminals are not only on internet there are also physically involved.
We can't blame bitcoin or cryptocurrency for being involved in crimes or terrorism. It is just a tool used by people. The government and law enforcement agencies should fight exactly with criminals, and not with cryptocurrency.
Did you remember last bigger crime cases with rasom ware virus using bitcoin as payment purchase? Maybe many people think bad about bitcoin because have use for crime cases and crimes involving crypto have risen every years, we have think positive with cryptocurrency and few peopla want to make bitcoin bad.
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