Topic: Crimes involving crypto have risen - page 14. (Read 7349 times)
I think the crime in the online world is very much like the case that happened some time ago, there are people who spread viruses and extortion using cryptocurrency for payment tools or transaction tools, from this incident makes cryptocurrency often used as an improper act.
World was not aware of crypto currency until 2017. No one consider it seriously and that is why many criminals took advantage of that because it is decentralise and no one is controlling it. But like many countries are working on it this issue will get resolve in couple of years .
It was used before 2017 really actively. Moreover, it is curious that Bitcoin is not the most popular cryptocurrency among hackers and those, who are connected with the criminal world. The number one crypto in their "society" is Monero. Thanks to the true anonymity of this altcoin, it is a real tool in the hands of criminals. Besides, they like Ethereum and Bitcoin Cash very much.
World was not aware of crypto currency until 2017. No one consider it seriously and that is why many criminals took advantage of that because it is decentralise and no one is controlling it. But like many countries are working on it this issue will get resolve in couple of years .
It was used before 2017 really actively. Moreover, it is curious that Bitcoin is not the most popular cryptocurrency among hackers and those, who are connected with the criminal world. The number one crypto in their "society" is Monero. Thanks to the true anonymity of this altcoin, it is a real tool in the hands of criminals. Besides, they like Ethereum and Bitcoin Cash very much.
The way this currency rises is not reliable
from 2000 to 18000
from 18000 to 3500
from 3200 to 13500
from !!!!!! to !!!!!!!!
it is this safe?
from 2000 to 18000
from 18000 to 3500
from 3200 to 13500
from !!!!!! to !!!!!!!!
it is this safe?
This shows of how important is the regulation is that all crypto users should fully support the government regulation and implementation so that these stealing activities will be neutralize or eliminated. If the regulation is weak then they should amend it immediately and improve it to make it more accurate to battle these crimes that are using crypto.
I think the entire regulation thing is overrated. With regulation, crime, scam and the illicit stuffs we are complaining of will still continue. Some sectors of our economic lives are regulated but the society is yet to be free of crime.
This shows of how important is the regulation is that all crypto users should fully support the government regulation and implementation so that these stealing activities will be neutralize or eliminated. If the regulation is weak then they should amend it immediately and improve it to make it more accurate to battle these crimes that are using crypto.
It's not weak actually, the market is just not fully regulated yet, in the US, the regulation is already good on crypto but in other countries, some are not regulating crypto yet, so the moment they'll start regulating, they could just copy the standard on how US regulate crypto. I believe it's not hard to regulate crypto if the government are willing to regulate it, and hopefully the big scams that has happened in the past is already enough to call their attention to start regulating the market, they cannot stop it, it's getting more popular and in order to protect the people, they need to be in a regulated market.
The problem is that not all of the Governments in every country gives a fuck about it, they doesn't care if there are a lot of scammers who are using cryptocurrency as their bait, because the Government here in our country only cares when a certain thing will give them an advantage to steal money on people under their governance, which is pretty fucked up, that is why I don't care if they are not regulating the market here in our country.
As long as I am earning money through cryptocurrency in a legal way, I will not get involve in this kind of stuffs that involve with the Government regulating the cryptocurrency market. I don't want to waste my time on them
I also think people are able to track and trace crimes so it's a way of getting a proper measurement. You can't really do that with fiat.
The basis is only the reported crimes, usually these are big crimes and I'm sure there's more that are not reported yet. Crypto is easy to monitor compared to fiat as paper money is hard to monitor, once it's out in the bank, it can easily be launder.
As long as there is a regulation by the government, they will be in control and will be able to monitor the movement of crypto.
That is gonna be possible as people will be required to register and comply with the KYC, that way, they(government) will know who owns the address.
I wish all the governments were consisting of honest people so that they wouldn't abuse the regulations. Unfortunately, in many countries this is not the case. In reality, governments and criminals are often not two opposing parties, there are criminals in the governments.
If we want to decrease the number of crimes involving crypto by regulating it in a given country, we should also consider the number of crimes involving government in that particular country.
We can solve the corruption within the government if we will select a good leader, we should not sell our votes, I'm discussing this since its happening in some countries, in addition, plunder or any form of corruption which is destroying the public trust of the people should be punishable by death penalty.
That's gonna be a long discussion as everyone might have difference opinion as we cannot avoid our religious belief will also be considered here.
I will still stick with my opinion that regulation would reduce crimes in crypto since it's impossible to totally eradicate it.
Just today, I heard the news that scammers stole some amount of cryptocurrency, including bitcoins, by hacking the cloud storage in a smartphone, in which keys and passwords were stored. Therefore, first of all, we need to take care of the safety of our own funds ourselves, and store the data also on physical media.
Smartphones are now a target of cyber criminals and in the last two years, the crimes are rising.And in the last month, sim jacking, sim swapping, hacking the clouds has been in the news that's why most of the time I'm thinking of not putting any wallet on my smartphones because of the possibility of getting hacked in the future.
Or just have a separate smart phone to keep some coins specially if I'm in a move and need to transaction quick but I don't know if that is the best solution. This is recent though, I'm sure majority heard this crime involving a personality on gambling and despite paying $1 million in bitcoin those criminals murder him, https://www.bitcoinsportsbetting.co.uk/news/5dimes-founder-found-dead/.
I also think people are able to track and trace crimes so it's a way of getting a proper measurement. You can't really do that with fiat.
The basis is only the reported crimes, usually these are big crimes and I'm sure there's more that are not reported yet. Crypto is easy to monitor compared to fiat as paper money is hard to monitor, once it's out in the bank, it can easily be launder.
As long as there is a regulation by the government, they will be in control and will be able to monitor the movement of crypto.
That is gonna be possible as people will be required to register and comply with the KYC, that way, they(government) will know who owns the address.
I wish all the governments were consisting of honest people so that they wouldn't abuse the regulations. Unfortunately, in many countries this is not the case. In reality, governments and criminals are often not two opposing parties, there are criminals in the governments.
If we want to decrease the number of crimes involving crypto by regulating it in a given country, we should also consider the number of crimes involving government in that particular country.
Just today, I heard the news that scammers stole some amount of cryptocurrency, including bitcoins, by hacking the cloud storage in a smartphone, in which keys and passwords were stored. Therefore, first of all, we need to take care of the safety of our own funds ourselves, and store the data also on physical media.
Smartphones are getting hacked every now and then, as the users are relatively less careful with their mobiles than they are with their laptops. And many of the hackers are also getting more innovative and specializing in Android / iOS hacking. I never use my smartphone for transacting cryptocurrency. I only trust my laptop, in which I have multiple anti-virus software installed.
I also think people are able to track and trace crimes so it's a way of getting a proper measurement. You can't really do that with fiat.
The basis is only the reported crimes, usually these are big crimes and I'm sure there's more that are not reported yet. Crypto is easy to monitor compared to fiat as paper money is hard to monitor, once it's out in the bank, it can easily be launder.
As long as there is a regulation by the government, they will be in control and will be able to monitor the movement of crypto.
That is gonna be possible as people will be required to register and comply with the KYC, that way, they(government) will know who owns the address.
~ For example, recently there was a scam from a Switzerland based team which conned the investors with their Swissborg (CHSB) token. The scale of the scam was massive and they managed to swindle at least $50 million in the form of ETH and BTC. The victims filed a complaint in Switzerland, but it was of limited use as the promoters ( Cyrus Fazel & Co.) had already moved to Sweden (along with their funds).
This is an interesting story, I've never heard of before. Now, some questions arise concerning the aftermath of the scam. Is it true that you can rob many people in Switzerland, and then just move to Sweden with all the money, and get away with it? Why the project is still alive, and why SwissBorg (CHSB) is still listed on CoinMarketCap? And what is even more strange, how could it rise 16.30% within the last 24 hours? Yes it's trading volume is just $51,171, but still, who's buying the coin?
"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.
This is very embarrassing situation for us who are crypto lovers. Actually here is fear of crypto industry that cypto can misuse in everywhere so that every government thinking deeply about it. Otherwise crypto was in leading position in world economy. Finally we have to move forword as criminal situation in everywhere. So nothing to worry but we have to search what was our fault.
Thanks.
Just today, I heard the news that scammers stole some amount of cryptocurrency, including bitcoins, by hacking the cloud storage in a smartphone, in which keys and passwords were stored. Therefore, first of all, we need to take care of the safety of our own funds ourselves, and store the data also on physical media.
That's why storing the private keys in the online machines is not safe. The hackers use tricky ways for stealing from others, using the good hardware wallet is necessary. Scammers are wise, they know the weak sides of the victims and they never hesitate to use social media engineering. Even the blockchain company released smartphones are dangerous for holding the Bitcoins long time, it is a matter of time when the stolen BTC news will hit the media.The market circumstances change in every cycle but the lessons have never learned by the investors. Using offline technology for storing the crypto holdings is the only way to completely save the person's assets. I think we will see similar news often because of the lack of research by the new investors. I agree with the OP regarding the case of education the newcomers to the crypto space instead of blaming the scammers, criminals.
talking about crime, you can see it every day in the news, or in the media. very difficult to stop it, even the authorities have also tried to stop it. both in the real world or on the internet, it is indeed always increasing. In fact, today I read something interesting, which links bitcoin. some people try to use the money they steal by linking it to bitcoin.
https://www.coindesk.com/cybercriminals-selling-hacked-fiat-money-for-bitcoin-at-10-of-its-value
Agree with you mate all around the world we can see there are people who use to do a lot of crimes but crypto has no connection with them as we only can stop them by taking actions but as i said it’s not possible to remove crimes from roots so better don't give attention to it just invest your money and get profit. https://www.coindesk.com/cybercriminals-selling-hacked-fiat-money-for-bitcoin-at-10-of-its-value
Just today, I heard the news that scammers stole some amount of cryptocurrency, including bitcoins, by hacking the cloud storage in a smartphone, in which keys and passwords were stored. Therefore, first of all, we need to take care of the safety of our own funds ourselves, and store the data also on physical media.
talking about crime, you can see it every day in the news, or in the media. very difficult to stop it, even the authorities have also tried to stop it. both in the real world or on the internet, it is indeed always increasing. In fact, today I read something interesting, which links bitcoin. some people try to use the money they steal by linking it to bitcoin.
https://www.coindesk.com/cybercriminals-selling-hacked-fiat-money-for-bitcoin-at-10-of-its-value
https://www.coindesk.com/cybercriminals-selling-hacked-fiat-money-for-bitcoin-at-10-of-its-value
World was not aware of crypto currency until 2017. No one consider it seriously and that is why many criminals took advantage of that because it is decentralise and no one is controlling it. But like many countries are working on it this issue will get resolve in couple of years .
There's so many scams happen in 2017 particularly coming from ICO, however in the past, there are already a lot of recorded crimes like exchange gets hack, the most popular in the early times is the Mt. Gox hack which at that time, it's the biggest exchange who controls over 70% of bitcoin transactions that time, that is according to https://en.wikipedia.org/wiki/Mt._Gox. 
"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.
a pretty fantastic number, because Crypto's variety varies, the most pronounced impact is the Ico scam which worsens the position of cryptocurrency. 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.
"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.
It is rather difficult but I am sure if the government is serious about providing security to the cryptocurrency holders then there is no problem. Bitcoin is the most common form of payment for ilegal transaction on the dark net, the issue of money laundering makes the government think twice to about accepting the bitcoin existance, therefore many countries are still hesitant to accept bitcoin and tend to prohibit it and even does not provide legal protection for its holder. Many bitcoin that sent to countries with weak AML laws, 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.
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