Topic: Crypto Crime is getting Worse, what do we do? - page 6. (Read 13809 times)
I think by now you should know that some of the exchanges are scammers, infact some so called big wings in the crypto sphere are scammers and that is why we have so much crime in the crypto sphere.
There is nothing we can really do about this fact. There are a lot of scams and it harms the image of crypto currencies, but if we would accept regulations of any kind, we would need to give up on anonymity and under that I mean full verification and lack of coins like XMR.
since the beginning cryptocurrency is a place of investment that is very risky and crime of theft including one of them, what needs to be done is to continue to create a better security system and always protect your privacy from fraudulent project
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.
Crime is inevitable especially in an industry that has billions of dollars moving around the world in a daily basis, to curb these crimes from affecting you as an individual, be security concious.
1. Save your private keys well.
2. Don't use third-party keyboards in your phone's (and don't copy and paste?
3. Don't leave large funds in any exchange for long periods of time
4. Spread your funds in multiple wallets.
And most importantly, stay safe.
1. Save your private keys well.
2. Don't use third-party keyboards in your phone's (and don't copy and paste?
3. Don't leave large funds in any exchange for long periods of time
4. Spread your funds in multiple wallets.
And most importantly, stay safe.
In order to curb crypto hacks and scams from affecting crypto enthusiasts, everyone should make use of their personal wallets to store coins and not exchanges. Exchanges are always the target when it comes to hacks, so use exchanges to trade and not to store coins for mid to long term. Also, to avoid scam, bookmark the exchanges you use regularly so that you don't use clone links to give out your login details to scammers.
Preventing is the best way to stop crime in crypto if we cant stop it prevent it to be lessen the crimes as we all know we can stop scammers and fake bounty projects out there and all we need to stop them is not promoting not investing on There project and i assure that they will be lost and think that do a good and clean job in crypto.
There are always two sides of the same coin. Firstly, the majority of community do not want to have any regulations, because the core advantage is the anonymity. But on the other hand, without regulations the amount of scams will only increase.
Keep your PC secure, don't keep money on the exchanges, own your own private keys, do not participate in shitcoin ICO's and you'll be fine. Most of those crimes happened because the victims were dumb or uninformed.
Whichever way you choose to secure your cryptocurrencies there is always going to have a weakness, hard drives fail, PCs get stolen, people get mugged and forced to give private keys and many other misfortunes, it's all a matter of luck that you don't get to the losing side even after putting all necessary measures to secure these coins and not that people are dumb and misinformed!Not long ago one of the best exchanges got hacked can you say people are dumb to use a reputable exchange.
This scam problem is not affecting only crypto,millions of dollars are been lost to online romance scam too and romance scammers are stealing fiats from innocent victims,I think there will never be a solution for these problems, scams will always exist till the end of time
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.
What we can do is to secure our coins. Since we can't fully trust even the big exchanges, we need to be prepared on every possible scenario. We can't dictate those exchanges to secure their site using advanced softwares or security protocols. So it is up to us on how we will attack such situation in the future. We are relying on ourselves on this matter.
Secure our coins (bitcoin, or whatever crypto currencies) is not difficult, we all can spend a few hours to learn those simple steps to do this. There are so many guides in the forum, that is presented in easy way to understand and pratice. Like this one: [GUIDES] on Bitcointalk. Index thread (until there is a dedicated subforum?) 
Others experience people should give advise like this, scam or crime won't never finish, just low possible. Dump cryptocurrency market plummet by scammers, this will help for next bullrun by protect crypto.
It never to think that scammers will stop beeing a scammer but instead, they'll find another way to have more victims. Likewise, there is no such way to rid them out from doing it cause they consider crypto the best place to hide their self and fully engaged in scamming activities. Only we need to be more vigilant and never endure into a promising look of a project but it ends up nothing. 
This is seriously getting worse as the day progresses, but let's not forget that in the past, there has been some major cryptocurrency heists that has gone down in the history books as some of the biggest cryptocurrency hacks, we just have to be more security concious about how we secure our personal funds and never keep your funds in a wallet you don't control it's private keys and this includes exchange wallets.
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?
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?
As regards the issue of ICO scam the only solution to that is regulation of the conduct of ICO. On the other hand, the issue of exchange hack has been a great concern and its above the power of the exchange itself because hackers are at work everyday and exchanges are prone to attack by the hackers. I think exchanges need more security in this aspect in order to stop hackers threat against exchanges.
Not only exchanges robbed people for millions of dollars but also ICOs and other custody services. Is this really what we need for mass adoption? Investors are scammed on every corner. 
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?
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?
The solution is simply regulation. Basically to check mate the sort of scams perpetrated by Sparkster admin. Every coin or dapp creator with monetized asset on coinmarketcap should be made to under go kyc. Exchange operators should be made to undergo such processes too. This effort will drastically reduce crypto scam
unregulated cryptocurrency make it so hard for us to do something about that crime. But if that happend on exchange we can do simple thing. Just don't save our money / token /coin on exchange. if you wanna save it then store it on cold wallet
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?
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?
well. there is not so many things to do to be honest. i would say it is the community's own risk. to decide to trust or not to trust. this ecosystem is supporting the anonimous people so it is the nature of the crypto market.
Sadly, despite the rampant crime and theft in crypto space, nothing can be done to curb it to the barest minimum because of lack of authority and regulation. although If every user and exchanges can take proper precaution, then we can reduce the effect or minimize the crime.
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