Crypto Crime is getting Worse, what do we do? - page 4.

Ashong Salonga

sr. member

Activity: 882

Merit: 260

Quote from: jdarren on April 30, 2019, 05:05:08 PM

https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

For me, I think what we need to do now is to practice doing thorough research about certain projects and we must also include malicious and suspected scam exchanges to be able to spread awareness to the people within the forum so that they will be informed and be knowledgeable enough specially for the part of the newbies who are just getting started into exploring their cryptocurrency experience in which we do not want them to easily give up and be traumatized because of falling into scam projects. So to be able to make it possible, we must take part on spreading awareness once we found something really helpful for everyone so that we can create a safe working space for all of us to avoid getting into scams and lessen or much better totally no one will become a victim of such schemes. If we will be helping each other out, we will worry less and can work on safely and enjoy getting into cryptocurrencies edploring and maximizing the whole out of it.

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: aamirsuh on January 19, 2020, 05:16:35 PM

We have now entered a period where we need to be more careful. Why do you think? Because Bitcoin price has risen. Altcoin prices rose. The interest of fraudsters has moved into this area. Now we have to be more careful when investing.

Everyone needs to be more careful because scammers and hackers are on the look out to fraudulently steal our crypto holdings. I keep getting scam mails and I don't even click on the link, I just report to avoid malware. Crypto crime is increasing drastically, I see HYIPs too on telegram and people still fall prey.

aamirsuh

full member

Activity: 686

Merit: 101

We have now entered a period where we need to be more careful. Why do you think? Because Bitcoin price has risen. Altcoin prices rose. The interest of fraudsters has moved into this area. Now we have to be more careful when investing.

Sanugarid

full member

Activity: 1442

Merit: 153

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

Quote from: Eternad on January 19, 2020, 06:12:41 AM

Quote from: Aying on January 18, 2020, 11:41:56 AM

As a simple user, we can do is secure all that we have, and learn more and improve your knowledge about crypto or everything around in crypto. for me, it is our first thing to prevent crime in crypto. or if we have friends that want to enter, better to educate them. we need to make a small move too, so that the crime will diminished and the rate of risking our funds will lessen.

Crime is hard to eliminate in these space so all we need is not to be a victim. We can't control their mind but we can control what we can do to prevent it. Secure and make sure that we are able to do necessary things we needed to not regret not securing our assets or accounts.

It's very difficult to avoid in my opinion and you should minimize what you will experience later. All failures and evil will haunt you every day. This makes you learn good things that will make new learning.

As a user of cryptocurrency and as a user also in this forum, we should be more aware of that because that is normal although that is not good to do with other people. I recommend that everyone should be aware of every decision they make and every step they take because their money is at stake in this section. We cannot do a thing about maybe we can report some users that are committing crimes like that but as a user, we should be more informative so that we can do our tasks and reach our goal and that is to make a profit with this. Ignore every person you think that is acting suspiciously this can apply not only in the but in a real-life situation too. Secure every information that you have especially your account and wallet.

Eternad

hero member

Activity: 1260

Merit: 607

Leading Crypto Sports Betting & Casino Platform

Quote from: Aying on January 18, 2020, 11:41:56 AM

As a simple users we can do is secure all what we have, and learn more and improve your knowledge about crypto or everything around in crypto. for me, it is our first thing to prevent crime in crypto. or if we have friends that want to enter, better to educate them. we need to make a small move too, so that the crime will diminished and the rate of risking our funds will lessen.

Crime is hard to eliminate in these space so all we need is not to be a victim. We can't control their mind but we can control what we can do to prevent it. Secure and make sure that we are able to do necessary things we needed to not regret not securing our assets or accounts.

Chainsmokers

sr. member

Activity: 1372

Merit: 252

Quote from: Nolimitz84 on January 18, 2020, 08:51:55 AM

Quote from: jdarren on April 30, 2019, 05:05:08 PM

https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

What can we do as users?Absolutely nothing.In the world of cryptocurrencies, risks are absolutely everywhere.All investments and steps should be taken carefully and with a cool head,but even this can not always be a guarantee of the safety of Your funds.

We ourselves are responsible for the investments we make, with all the decisions we take will always have risks and we must be prepared with it, even though we have been very careful in every decision, but sometimes we are often caught in a trap or wrong in estimating something and I think it is natural and we can make it as an experience and also additional knowledge for us.

Colt81

sr. member

Activity: 630

Merit: 265

Quote from: anjiitem on January 18, 2020, 11:39:19 PM

Quote from: istiak2277 on January 18, 2020, 06:26:12 AM

We should be careful who to trust. Don't trust any person if someone offers you a very good return of investment in telegram. Always try to deal with someone you know or a lot of people recommend to you.

Everyone must be careful in every decision and it is true that we should not easily believe what others say, sometimes people are interested in what other people say by promising that they will get a high return on investment and also the project will be a big project. But most of these things are just a trap to be able to attract many investors and when they have earned enough money, they actually run away with the money.

As long you know what you are doing and it is safe, it will be now easy for you to stay away from criminal acts here im cryptocurrency like scam, fraud, hackers, etc. You should not get attracted and be greedy from projects that gives their investors a womderful promises because it might be a bait to steal all of your money, that is why you should be smarter than scammers.

anjiitem

sr. member

Activity: 798

Merit: 250

Vave.com - Crypto Casino

Quote from: istiak2277 on January 18, 2020, 06:26:12 AM

We should be careful who to trust. Don't trust any person if someone offers you a very good return of investment in telegram. Always try to deal with someone you know or a lot of people recommend to you.

Everyone must be careful in every decision and it is true that we should not easily believe what others say, sometimes people are interested in what other people say by promising that they will get a high return on investment and also the project will be a big project. But most of these things are just a trap to be able to attract many investors and when they have earned enough money, they actually run away with the money.

Magkirap

sr. member

Activity: 896

Merit: 267

★Bitvest.io★ Play Plinko or Invest!

Quote from: Aying on January 18, 2020, 11:41:56 AM

As a simple users we can do is secure all what we have, and learn more and improve your knowledge about crypto or everything around in crypto. for me, it is our first thing to prevent crime in crypto. or if we have friends that want to enter, better to educate them. we need to make a small move too, so that the crime will diminished and the rate of risking our funds will lessen.

Indeed, prevention is better than having someone caught who are responsible for the crypto crimes happened because chaos will be present even if you caught the criminals, the exchange or crypto platform that's been a victim of hacking can lose their sites so investing time and effort about having a safe and secure accounts and getting informed about what's going on inside the blockchain when a transaction is being processed is a must for it will be our assers once we encounter situation like crypto crimes, data is the most valuable thing in the internet so don't hesitate to spend time, money or anything to secure it.

Kersh768

sr. member

Activity: 658

Merit: 256

Freshdice.com

The best thing we individuals who uses cryptocurrency can do to help lessen or somehow resolve the problem regarding cryptocurrency crime is to make simple or small actions to take precautionary measures on how we can first protect ourselves by securing our own accounts in which we are safe and secure that we are the only one who knows and have the access on our assets from our online wallet or even with our hardware wallet. Next is that spreading out legible and reliable information about such projects that you think is a scam by providing informative proofs that can prove that it is really a scam project. By doing this, we can spread awareness to everyone to avoid such project and report it so that the victims will be lessen or much better is that no one will be fall into the trap. Doing such small yet helpful steps can contribute on creating a safe work space for all of us if we will be helping each other around to be able to lessen the crimes which relates or involves cryptocurrencies.

Aying

sr. member

Activity: 784

Merit: 251

https://raiser.network

As a simple users we can do is secure all what we have, and learn more and improve your knowledge about crypto or everything around in crypto. for me, it is our first thing to prevent crime in crypto. or if we have friends that want to enter, better to educate them. we need to make a small move too, so that the crime will diminished and the rate of risking our funds will lessen.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: isaac_clarke22 on January 18, 2020, 11:26:23 AM

Quote from: meliodas on January 18, 2020, 09:15:23 AM

Regulation is a must in order to reduce the cryptocurrency crimes that we are experiencing right now. With the right rules and regulation and also cooperation from the developers of each cryptocurrency then it might be possible for us to lessen it. We can only reduce it and not remove it because it is a normal thing for a currency to be used in illegal activities like what is happening to us dollar.

I half-heartedly agree with this statement. We don't need a strict regulation though. Good thing we got IEOs that requires team to pass the requirements that the exchange needs from them plus making them pay listing fee, which is just a fractional part of probability that the project isn't a scam project.
Reviews won't help reduce scams, if someone else is thinking about that already because it might just end up a paid review as well as paid KYC test.

that only mean regulation is not the best soultion to combat scams and frauds but the best way to combat them is iniative and common sense . crypto crimes are getting worse but more and more people are now also getting aware of them . that is more better because the potential of people getting scammed is still reduced depite the huge number of scamming scheme's thesedays . we can do many things and preparation so we should not worry alot

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: meliodas on January 18, 2020, 09:15:23 AM

Regulation is a must in order to reduce the cryptocurrency crimes that we are experiencing right now. With the right rules and regulation and also cooperation from the developers of each cryptocurrency then it might be possible for us to lessen it. We can only reduce it and not remove it because it is a normal thing for a currency to be used in illegal activities like what is happening to us dollar.

I half-heartedly agree with this statement. We don't need a strict regulation though. Good thing we got IEOs that requires team to pass the requirements that the exchange needs from them plus making them pay listing fee, which is just a fractional part of probability that the project isn't a scam project.
Reviews won't help reduce scams, if someone else is thinking about that already because it might just end up a paid review as well as paid KYC test.

White Christmas

sr. member

Activity: 882

Merit: 258

★Bitvest.io★ Play Plinko or Invest!

Quote from: istiak2277 on January 18, 2020, 06:26:12 AM

We should be careful who to trust. Don't trust any person if someone offers you a very good return of investment in telegram. Always try to deal with someone you know or a lot of people recommend to you.

Especially we should careful and be picky to those people who we trust on because those person who are offers or giving a good return in investment because there are so many people who are good on promises but they will just talk shit on you so that they will be able to scam you. That's why crypto crime is getting worse and worse right now because there are a lot of people that the intent to scam or hack people is getting higher.
Recommending to make a deal to someone you already know a lot and you already know by a lot of time because you are sure already that they will not scam or talk shit you.

gwaposakon

full member

Activity: 854

Merit: 101

Quote from: jdarren on April 30, 2019, 05:05:08 PM

https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

I think people can help minimize if not eliminate, scam projects by not supporting them. One way to do this is but properly researching the projects we will invest in. I observe some investors just invest based on hype in that market. So they fall victim to promises of great returns by scammers. Scammers are getting wiser in tricking people but I think, with proper research, they can tell a legit project from a fake one.

meliodas

sr. member

Activity: 742

Merit: 329

CryptoTalk.Org - Get Paid for every Post!

Regulation is a must in order to reduce the cryptocurrency crimes that we are experiencing right now. With the right rules and regulation and also cooperation from the developers of each cryptocurrency then it might be possible for us to lessen it. We can only reduce it and not remove it because it is a normal thing for a currency to be used in illegal activities like what is happening to us dollar.

Nolimitz84

sr. member

Activity: 980

Merit: 252

Quote from: jdarren on April 30, 2019, 05:05:08 PM

https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

What can we do as users?Absolutely nothing.In the world of cryptocurrencies, risks are absolutely everywhere.All investments and steps should be taken carefully and with a cool head,but even this can not always be a guarantee of the safety of Your funds.

Ngemmeng

full member

Activity: 1134

Merit: 100

SOL.BIOKRIPT.COM

in 2018 and 2019 many exchanges were hacked and caused many people to lose their money, that is the reason why I no longer keep my digital assets on an exchange. fraud and hacking is the biggest problem in cryptocurrency to date. Take good care of your assets and don't trust anyone !

BlackFor3st

hero member

Activity: 1932

Merit: 506

Betking.io - Best Bitcoin Casino

Quote from: jdarren on April 30, 2019, 05:05:08 PM

https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

Currently there is no crypto police that will catch those hackers and scammers so there is a very little chance that we can ask for some justice right now to those victims.

Hackers and scammers are evolving every now and then so for those exchanges and investors they should do their best to strengthen their security everyday if possible so those hackers will have a very less chance to bypass their security. That is the best thing that they can do right now as we cannot depend to any police as of the moment.

Kimonoe

member

Activity: 700

Merit: 10

Quote from: Xcode7 on January 18, 2020, 07:57:52 AM

Quote from: istiak2277 on January 18, 2020, 06:26:12 AM

We should be careful who to trust. Don't trust any person if someone offers you a very good return of investment in telegram. Always try to deal with someone you know or a lot of people recommend to you.

I think that's right, they will always appear in a variety of forms, what we can do is detail in selecting and sorting out projects, we must know very well or not more than the project, the greater the promise offered, the greater the risk of scamm. Although in practice not all scammers, but have an impact on those who have a good vision and mission, I am sure that the apparatus here are not standing still and are always working hard to overcome crime here.

right, there are also many good ico, but their credibility is damaged by ico fraud, and this has a severe impact until the death of ico, and changed ieo at this time. After they are listed on the exchange, problems arise again, where many markets are manipulated, and we must be careful

Topic: Crypto Crime is getting Worse, what do we do? - page 4. (Read 13842 times)