Crimes involving crypto have risen - page 5.

supercanada1

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Quote from: Brunus on December 22, 2019, 03:55:43 PM

It seems to me one of the usual propaganda statements made by those who have an interest in blocking the spread of crypto.
The crimes that can be committed with crypto can very well be committed even better with cash.
And anyway they are statements that cannot be contested, therefore they have no value.

Such statements are often spread on social media in order to distract people from the usage of crypto currencies and spread negative image about this new technology. Such rumors are spread by those who are ruling fiat hence controlling the economy of other states and people. They don’t want crypto to rule the world because in this way they are going to lose control over the economy of other states and people. Crypto provides user all control over his wealth.

Brunus

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It seems to me one of the usual propaganda statements made by those who have an interest in blocking the spread of crypto.
The crimes that can be committed with crypto can very well be committed even better with cash.
And anyway they are statements that cannot be contested, therefore they have no value.

hahay

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Quote from: GideonGono on December 22, 2019, 06:45:26 AM

Quote from: Paulinerims on July 22, 2019, 04:39:46 AM

"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.

Because of that a lot of investor who mostly didn't know about crypto must afraid to use or to join for the crypto world. As we see the price was develop slowly then sometimes it dump. Because of a lot fake news, it always affect the investor on who saw the news so for now there has a bad image on crypto.

If we look for truth about crime and fraud data involving crypto, at least the data will continue to increase from year to year, and if it continues to happen, of course it will have a very bad impact because as far as I know after reading a number of articles, at least the scam projects outside there is a form of this problem continues to increase and not only about hacking a wallet and exchange because it is with the scam project that continues to emerge that the crime will continue to occur.

imstillthebest

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Quote from: BChydro on December 22, 2019, 07:15:12 AM

Quote from: Kimonoe on December 18, 2019, 02:43:18 AM

besides that, crimes in the crypto world are done to eliminate traces of stolen money so that they are not tracked. on the other hand because of the lack of strong laws governing, the criminals seemed to be free with many scam projects that could harm the lives of the crypto world

I think you are confused what blockchain is all about, if you are talking about anonymous crypto then your version is correct as it can be used to hide your tracks and it will face a difficult situation when regulators put an end to trading those in the regulated exchanges but if you are using the other coins then you will have a trail for the coins you are having and in the future the criminals will get trapped because of the public nature of every transaction.

i dont see that he say the word blockchain but i only see that he was talking about cryptocurrency .all cryptos are anonymous but possibly trackable but you can only see the coins or thier balance and not their real name , address, contact info , etc . so it is still not possible to detect a criminal . they can only be detected once they accidentally supply thier real infos and it does happen sometimes . we should always take not of thier info so that we can track them if ever we got scammed .

BChydro

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Quote from: Kimonoe on December 18, 2019, 02:43:18 AM

besides that, crimes in the crypto world are done to eliminate traces of stolen money so that they are not tracked. on the other hand because of the lack of strong laws governing, the criminals seemed to be free with many scam projects that could harm the lives of the crypto world

I think you are confused what blockchain is all about, if you are talking about anonymous crypto then your version is correct as it can be used to hide your tracks and it will face a difficult situation when regulators put an end to trading those in the regulated exchanges but if you are using the other coins then you will have a trail for the coins you are having and in the future the criminals will get trapped because of the public nature of every transaction.

GideonGono

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Quote from: Paulinerims on July 22, 2019, 04:39:46 AM

"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.

Because of that a lot of investor who mostly didn't know about crypto must afraid to use or to join for the crypto world. As we see the price was develop slowly then sometimes it dump. Because of a lot fake news, it always affect the investor on who saw the news so for now there has a bad image on crypto.

Polar91

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Quote from: meliodas on December 21, 2019, 10:57:46 PM

Indeed. Do not sleep on learning because the knowledge will become the key for us to succeed in being safe from cyber attacks, scamming and it is also the key to succeed in investing or even trading. Read different articles about the different methods of the hackers and the scammers so you will be able to avoid it once you encounter it.

Do we really need to encounter it for us to avoid it? Or there's a way to avoid it completely, because for me, the best way to keep our investment and self secured is proper avoidance. Without involvement to certain fishy websites and platforms is the best way to keep us safe why? Because it is the same as not talking to someone you didn't know. They will not try to scam you and take your money if in the first place you don't try to deal with them.

meliodas

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Quote from: FlightyPouch on December 21, 2019, 04:23:03 PM

Quote from: bobitza on December 18, 2019, 03:00:39 AM

Currently, fraudulent crimes involving cryptocurrency are on the rise. Cybercriminals are developing new and more sophisticated ways to upset money flow. In 2019, the total amount of damage related to cryptocurrency scams and theft has risen to $ 4.4 billion.You are investing in digital money beware of scams. Protect your money with solid Bitcoin wallets.

I think this is all on us users. I mean if we are really careful, we can avoid these hackers, these scammers, right? They are finding holes so they can get our money, if we don't show that I don't think we should be an easy target for them. The problem here is that as time passes, they have new ways to scam people so we need to educate ourselves about them.

Indeed. Do not sleep on learning because the knowledge will become the key for us to succeed in being safe from cyber attacks, scamming and it is also the key to succeed in investing or even trading. Read different articles about the different methods of the hackers and the scammers so you will be able to avoid it once you encounter it.

drachman

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Quote from: Finestream on December 17, 2019, 10:39:09 PM

Quote from: drachman on December 17, 2019, 10:32:04 PM

Scammers are taking advantage of digital technologies and not only of cryptocurrencies,.........

They aren't, they are taking advantage on people who does not have enough knowledge and does not know how to manage the risk in investing.
It's correct that technology like blockchain in the crypto has a potential in the future, but when investing, the risk is always here so we need to be careful.

Not all investors lose money, only the weak ones because they don't choose the right investment and they easily panic.

You don't seem to have understood my point, we are talking about scammers not about losing your money because you failed to do your due diligence and made a bad trade or a bad investment, in that case the only one that is responsible for that mistake is yourself and no one else, but when a scammer hacks your wallet and he gets to your coins, you share some of the responsibility but at the end the one that is completely responsible for what is happening is the one that is stealing from you.

FlightyPouch

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Quote from: bobitza on December 18, 2019, 03:00:39 AM

Currently, fraudulent crimes involving cryptocurrency are on the rise. Cybercriminals are developing new and more sophisticated ways to upset money flow. In 2019, the total amount of damage related to cryptocurrency scams and theft has risen to $ 4.4 billion.You are investing in digital money beware of scams. Protect your money with solid Bitcoin wallets.

I think this is all on us users. I mean if we are really careful, we can avoid these hackers, these scammers, right? They are finding holes so they can get our money, if we don't show that I don't think we should be an easy target for them. The problem here is that as time passes, they have new ways to scam people so we need to educate ourselves about them.

desticy

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Quote from: Murat on December 21, 2019, 11:35:09 AM

This is one of the major problems for getting flourished around the whole world, Some people think that Cryptocurrency has been made for the crime and money laundering, not only that but also some hackers are very active in this platform so far, Lots of challenges in here, so there are a lot of privileges for the people who have an ill mentality, so this type of crimes should be checked into very properly, otherwise people will get reluctant to this cryptocurrency day after day, you will not get a proper treatment when you don't have a number of investors, so crime should be resolved.

If you look objectively, then cryptocurrency is really an instrument with the help of which a huge amount of money is laundered of completely different types of crimes.
But cryptocurrency in itself is not to blame, it just meets all the convenient criteria for criminals.
To solve the problem, it is necessary to put an end to the values that push people to crimes, otherwise, no matter how many crimes are not solved, new ones will always appear.

Murat

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This is one of the major problems for getting flourished around the whole world, Some people think that Cryptocurrency has been made for the crime and money laundering, not only that but also some hackers are very active in this platform so far, Lots of challenges in here, so there are a lot of privileges for the people who have an ill mentality, so this type of crimes should be checked into very properly, otherwise people will get reluctant to this cryptocurrency day after day, you will not get a proper treatment when you don't have a number of investors, so crime should be resolved.

tambok

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Quote from: Triffin on December 21, 2019, 10:48:27 AM

Quote from: HarmonyA on December 20, 2019, 06:20:19 PM

Quote from: Paulinerims on July 22, 2019, 04:39:46 AM

"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.

This is a major reason why prospective investors a d government are skeptical about cryptocurrency revolutionary attributes.
Every positive ideology is attacked by fraudsters, even fiat currency is not exempted from this attacks.
As cryptocurrency is trying to prove itself, so are attackers working to deter people from trying the technology.
Crimes involving cryptocurrency should be considered a major threat to the world financial system.

People who are thinking wise will know that crime is in nature of the person and it has no connection with fiat or with crypto so no need to say wrong about them. We should try to improve our investment by investing more those who wants crime they will do it anyhow. Governments should also support it as it’s good for economical growth.

Yes it's correct and the cyber crime has more increase these past few years and its sad to hear that there were very few case who has been arrested of scamming people especially those founders who just run away and leave the community depressed and don't know what to do because they trust the project too much, hope they can put those no heart person in jail.

Triffin

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Quote from: HarmonyA on December 20, 2019, 06:20:19 PM

Quote from: Paulinerims on July 22, 2019, 04:39:46 AM

"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.

This is a major reason why prospective investors a d government are skeptical about cryptocurrency revolutionary attributes.
Every positive ideology is attacked by fraudsters, even fiat currency is not exempted from this attacks.
As cryptocurrency is trying to prove itself, so are attackers working to deter people from trying the technology.
Crimes involving cryptocurrency should be considered a major threat to the world financial system.

People who are thinking wise will know that crime is in nature of the person and it has no connection with fiat or with crypto so no need to say wrong about them. We should try to improve our investment by investing more those who wants crime they will do it anyhow. Governments should also support it as it’s good for economical growth.

Dr.Osh

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Quote from: Shasha80 on December 21, 2019, 01:49:39 AM

Indeed the fact is like that, that the crime involving crypto is increasing. So from that we must be more careful to see this reality.
Because scammers are everywhere and also they are very smart in preying on their victims. Perform maximum security maybe so
we can avoid scammers. The world of crypto is indeed in the public spotlight because crimes involving crypto have a risen. This is also
the reason why some countries, their governments have not yet accepted cryptocurrency.

at this time I rarely read enough information about the evil of crypto, it was because I felt that it was normal. everyday crime occurs, and bad people will use this technology to commit a crime. theft, hacking, fraud, etc., I think things like that will always be there. I believe that one of the crimes that I mentioned has just happened. only, sometimes the news about crypto is very popular among haters

Trela

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Quote from: Janation on December 21, 2019, 01:58:47 AM

Quote from: Kimonoe on December 18, 2019, 02:43:18 AM

besides that, crimes in the crypto world are done to eliminate traces of stolen money so that they are not tracked. on the other hand because of the lack of strong laws governing, the criminals seemed to be free with many scam projects that could harm the lives of the crypto world

What do you mean?

You are saying like cryptocurrencies are made based on these criminals? To be exact it is the exact opposite of what you are saying. These criminals, hackers, and scammers are taking advantage of the fact that these cryptocurrencies are decentralized and anonymous. There is nothing wrong with cryptocurrencies, it is the people that are using it.

Anonymized and decentralized, but ultimately, all past data remains on the Blockchain. It is complicated to use cryptocurrency to illegally withdraw money via exchanges as most things are clear and need KYC right now. P2P + UG transactions are the problems not just happen at cryptocurrencies.

Perhaps, the government is still too indifferent to introduce special laws for Crypto. Even when Facebook proposed Libra, they rejected it the same way they did Bitcoin.

Janation

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Quote from: Kimonoe on December 18, 2019, 02:43:18 AM

besides that, crimes in the crypto world are done to eliminate traces of stolen money so that they are not tracked. on the other hand because of the lack of strong laws governing, the criminals seemed to be free with many scam projects that could harm the lives of the crypto world

What do you mean?

You are saying like cryptocurrencies are made based on these criminals? To be exact it is the exact opposite of what you are saying. These criminals, hackers, and scammers are taking advantage of the fact that these cryptocurrencies are decentralized and anonymous. There is nothing wrong with cryptocurrencies, it is the people that are using it.

Shasha80

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Indeed the fact is like that, that the crime involving crypto is increasing. So from that we must be more careful to see this reality.
Because scammers are everywhere and also they are very smart in preying on their victims. Perform maximum security maybe so
we can avoid scammers. The world of crypto is indeed in the public spotlight because crimes involving crypto have a risen. This is also
the reason why some countries, their governments have not yet accepted cryptocurrency.

TitanGEL

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It is a reality that many crook people are using bitcoin in illegal way for them to say anonymous. The crimes involving cryptocurrencies are keep rising and It is the reason why most of the countries should comply to anti-money laundering compliance. Government should protect their citizens to hackers and scammers in the market and they should have regulation and law about it before they legalize it.

Polar91

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Quote from: bobitza on December 18, 2019, 03:00:39 AM

Currently, fraudulent crimes involving cryptocurrency are on the rise. Cybercriminals are developing new and more sophisticated ways to upset money flow. In 2019, the total amount of damage related to cryptocurrency scams and theft has risen to $ 4.4 billion.You are investing in digital money beware of scams. Protect your money with solid Bitcoin wallets.

We couldn't really escape the fact that as our technology and security features for the applications that we are using is increasing, the certainty that criminal activity and vulnerabilities are also developing. What is happening is that, we are just riding the time where security and vulnerabilities becomes complex and complex. With this, it is not enough that we just trust the security of our funds to the features offered by the thirdparties we trust. We also need to make our part as a responsible user to keep us away from vulnerabilities.

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