Crypto Crime is getting Worse, what do we do? - page 5.

Juggy777

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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.

There’s a big problem with trust because anyone can buy trust worthy accounts and con newbies (I have seen trusted localbitcoins accounts for sale too), hence I always suggest to use old escrows (members who have been here since a long time, and have consistent positive feedback about their escrow services). @istiak2277 I always follow this rule regarding online schemes i.e. if it looks unreal then it’s a scam unless the person selling it can prove other wise. Though if I like a scheme I’ll dig further to find more information about it, but in most cases these schemes turn out to be fake and are only made with one intention i.e. to con people and steal their money.

Xcode7

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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.

slaman29

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Quote from: lienfaye on January 18, 2020, 02:39:17 AM

Its because of lack of regulation thats why its very easy for them to do such thing. There's no safe online so its our responsibility to be careful who to trust and what exchange to choose, having enough information and knowledge can save us ending up as victim of scammers. We cant eliminate them but we can prevent ourselves fall to their tactics.

Really? It's not a lack or regulations, it's a lack of security measures. Basic ignorance and negligence is what mainly causes hacks and all that. Basic ignorance mixed with pure greed is what people have which is why they believe in ponzis, and scams, and put their money in something they know they shouldn't but want to because they want to make fast money.

istiak2277

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KUWA.ai

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.

duuuuude

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We can only resist this when we ourselves will be very careful in using wallets, passwords, and so on, but the fact is that newcomers cannot protect themselves due to ignorance, it is important to report fraudulent projects and schemes in a timely manner.

HabiebRiziq

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Quote from: stephanirain on January 17, 2020, 06:00:36 PM

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?

It is depressing to see that some projects are really just created to fail so that very few people can benefit. This fraudulent projects are non-stopping because the scammers are getting smarter in making their project and promises believable. That is why we should not use ignorance anymore as excuse for falling to them. Read, study again and again about cryptocurrencies especially the project that you want to pursue. And always try your best not to be easily swayed by your emotions so they can't play you again.

I think it is difficult to do that because we know that scammers always have their own way to be able to make others believe and want to participate in the projects they bring and this is normal when others are persuaded by what they say and indeed we should more careful and not in a hurry in making decisions, for me personally it's good for us to share opinions with our close friends who we trust with the project we will follow before making a decision.

malphite534

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In order to reduced this kind of problem in the cmc. Don't let our self to be a victim of the crypto crimes happening in the crypto ecosystem, first thing to do is make a background search about the same project before making appointment about it and we have never keep or save our crypto coins or tokens on any exchange platforms, withdraw everything into your personal crypto wallets. We need to be extra careful and lastly, not every coin in the crypto are good and favorable for us so only trust those have great potentiality like the Aci coin and many more.

setialovers

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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?

Events such as scams will continue as long as potential investors do not conduct research. The QuadrigaX case gives a signal that it is not safe to store coins in the exchanger wallet because we have no control and this is a lesson that the safest way to store coins is in a wallet that we have full control over the private key

lienfaye

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Quote from: OasisDre on January 18, 2020, 02:30:57 AM

Nothing, even real life crimes can't be 100% eradicated, new crimes will always happen or takes place, its just that online crimes are more worse than real life crimes because online criminals are hidden

Its because of lack of regulation thats why its very easy for them to do such thing. There's no safe online so its our responsibility to be careful who to trust and what exchange to choose, having enough information and knowledge can save us ending up as victim of scammers. We cant eliminate them but we can prevent ourselves fall to their tactics.

OasisDre

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Nothing, even real life crimes can't be 100% eradicated, new crimes will always happen or takes place, its just that online crimes are more worse than real life crimes because online criminals are hidden

Youghoor

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

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

The basic solution to any crime is the prevention of the crime from happening. In terms of crypto crimes, people in the crypto space need to simply understand that the entire crypto ecosystem is not a get rich quick ecosystem. Because most of these crypto crimes are usually projects that trick people into believing that they could double their money just by investing into their project or product. People should actually understand that nothing really comes easier and cheaper in the crypto space. People should rather find more information about any project before putting their money into it.

stephanirain

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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?

It is depressing to see that some projects are really just created to fail so that very few people can benefit. This fraudulent projects are non-stopping because the scammers are getting smarter in making their project and promises believable. That is why we should not use ignorance anymore as excuse for falling to them. Read, study again and again about cryptocurrencies especially the project that you want to pursue. And always try your best not to be easily swayed by your emotions so they can't play you again.

isaac_clarke22

sr. member

Activity: 1610

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If you know that you earned already from a certain project and you're still planning to earn, just stay on that project. Sometimes it is the fault of investors on that's why these scams are still happening.
1st - These investors/traders keep their funds inside of an exchange.
2nd - Those investors keep feeding the beasts, that's why it keeps coming back to crypto-space.
3rd - Those investors keep posting publicly in social media about their crypto trades like advertising this exchange and that. This also leads to crypto robbery at home. I'd read long time ago about a family held at gunpoint and got their BTC robbed.

julius caesar

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Those people who got scammed is a needs to full understand the project first before investing. They are so many developers that the main goal is to scam people and not create their coin. You guys must fully aware about it and try to understand their given whitepaper and also check the background of the developers if it is real or not.

Nickz46

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Every day crypto crime increases not just in project we invest but in many aspects also and if you are trying to do such as investing and making some profits then i will highly recommend ACI Coin for investment because this coin is potential token.

Wipeout2097

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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?

Its serious problem in cryptworld and this is reason people think before to get in the crypto,While crypto is getting popular another side hackers are more active,Developers need more home work to secure the funds of users not fr a limited time but forever.
Most of victims for scams are new comers so creating awareness about crypto and how to invest in it is needed.

Nezerlan

jr. member

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This theft of cryptocurrency needs to be addressed quickly and more security should be put in place to curb further breaches and thefts of investor's assets. If this is done, we will record lower crimes in criminal

WeedGoW

full member

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Quote from: old fart on July 15, 2019, 03:36:15 AM

Your private keys - your funds, always use wallets that avails you your private keys. Avoid storing funds in exchanges at all cost. Stay away from hyip programs and lastly always treat all ico,ieo and crowd funding as scam until proven otherwise.

"Treat all ico,ieo and crowd funding as scam until proven otherwise" like you said is a bit harsh. I think anyone should be more careful with their money and only invest in what after at least a few weeks of knowing that project.

Miklight88

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GDZKVBV3L3JU5TFDBWMUMPZAHD3OSM2I3TAJRWPG7KU5U4UZCI

It is bad to know that many are good in programming but using it as evil when some are out there doing it for betterment of people , they seems to be greedy cos the time using to hack or get those their bad deal do is even more stressful to normal work and the normal work will bring a good name in future but they can't come out and show their real self as hacker or bad programmer cos of the bad image they portray.

lumierre

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Quote from: LiquorBan on July 27, 2019, 06:18:29 AM

Avoiding is impossible but in minimizing the consequences are possible,the time we are discuss on how to prevent them, scammers also think of the new tricks to come with good example Binance Hack the method used it was the first time to be done just we have to take care at every point in an Cryptocurrency.

I think the risk to be hacked if you do not have too much is almost zero. The whales and crypto exchanges are the main targets of these crypto hackers. As for the crime where drugs and weapons are involved together with the cryptocurrency, it really seems to become a problem. And this problem does not let many countries legalize crypto and accept Bitcoin.

Topic: Crypto Crime is getting Worse, what do we do? - page 5. (Read 13845 times)