Topic: Crypto Crime is getting Worse, what do we do? - page 9. (Read 13829 times)
This are mush why many see crypto as a step to fraud but with the technology I think we need a better understanding and much way security to protect our funds as many are using their time to develop and dona good deal , some are using their time to spoil others great deal which are why we are in the messnof hacking as they are looking to reap where they didn't plant.
Its so much complicated especially for the investors that holding up their large amount of coins. But for everyone to be safe, it is better to exchange their tokens into their crypto wallets. Also, people should avoid joining or visiting sites that seems to promote some kind of free money in the form of crypto airdrops. The crypto space currently is made up people are just concern about cheating others and stealing off other investment. So to be safe your coins coming from any project like the dencoins be knowledgeable in checking the backgrounds of any exchangers before exchanging.
Nothing we can do about that because hackers and scammers are rampant in different platform like exchanges, social media, telegram etc. Best thing to do is just to keep away from storing are coins/altcoins on exchanges to prevent loss if a hack happen on it.
crime rates in the digital world are currently increasing, and that is quite natural if we see this opportunity. however, we can only do research, and be careful with all forms of investment, or with people we have just met. besides, this potential can also be reduced when we have a good antivirus. well, these are small steps that we can take to reduce that. 
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?
Well, I have seen reasons that a lot of people has been stating out here - traders should stop holding large amount of coins in exchanges. How exactly did you get to know that traders hold large amounts on exchanges ?do you work in any exchanges ? So don't assume what you don't know. Everyone has an amount that they like to trade with and it goes from as much as $100 to even above $5000. 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?
So even if everyone invest the little amount they have that little money from each person joined together amounts to a huge one and when hackers jam those sites they steal from a lot of wallets, so what's the difference? It's still going to be happening since exchanges don't care about their sites being secured,they only care about the fees and money they can make.
each day internet fraud rises, some people are just specialist in getting that done, so my advice is that we should be careful of hodling too much coin in our wallet and not to be too confident in the security of our wallet, it has failed many, especially those who are above the senior cadre.
The rate of those cryptocurrencies fraud is very alarming especially hackers stealing coins from exchanges, hackers sophistication is increasing every day in view of thise all these fraudulent activities is painting cryptosphere in a bad light.Hodling our coins in cold wallet should be our most preferential means of securing them and we must guide against exposing our private keys.
Nothing we can do about that because hackers and scammers are rampant in different platform like exchanges, social media, telegram etc. Best thing to do is just to keep away from storing are coins/altcoins on exchanges to prevent loss if a hack happen on it.
Regulation is going to have to be administered somewhere especially in exchanges with fiat currencies. I think that if they hire cyber security firms that understand and are pro-crypto then it saves a lot of people's asses
Criminals are of course looking for loopholes to act, so there must be our own protection so as not to give access to criminals in action. For example, protecting e-mails with complicated passwords, not opening suspicious e-mails or not carelessly following obscure links, because that might be a trap.From the government there must be clear rules regarding the use of crypto because without protection from the government, the perpetrators of crimes are increasingly brave because there are no governing laws.
We can do nothing in fact. What the maximum we can do is just become aware of such scammers and scam project, rally against them everywhere on social media, bitcoin forum, telegram and others. But the authorities are the only strongest one to take action and control such scams. Crypto community can form a self regulatory body, strict regulations should be in place.
Since it is a free market and there are no laid down regulations, investors are always advised to take precautionary measures in order to make meticulous decisions in their investment activities. This calls for the necessity to protect wallet login details from phishers who normally lure people to their bait using enticing emails - never reply, open or download an unknown file from any unknown source. Always research extensively into a project before joining its investment.
each day internet fraud rises, some people are just specialist in getting that done, so my advice is that we should be careful of hodling too much coin in our wallet and not to be too confident in the security of our wallet, it has failed many, especially those who are above the senior cadre.
To teach people the standard rules of using the computer and the Internet, as well as literacy in the selection of assets.
The question is why are centralized banks not getting much attack as cryptocurrency exchanges. Maybe exchanges encourage it in one way or another. I propose a body should hold kyc for exchange operators and fully monitor their activities while mandating them to create trust funds
Banks are attacked all the time but there are 3 reasons why you do not hear about this, first of all they control the media so there are not many stories about it, second the banking industry is many times bigger than the market of cryptocurrencies so they have more money to spare in security and third even if hackers found a way to steal from banks they will still need a way to cash out that money before banks can revert all of those transactions, something that is not easy to do. Those crimes are getting worse that is true specially the scam so we need to be careful in what we are doing in cryptocurrency especially in investing because if we dont invest in those scam projects no can be victimized by them so investors invest only in legit projects like Dencoin tokens that is now running a ico that you csn buy tokens from them.
it depends on us, if we can choose the right and maybe we will not get fraud.the Cryptocurrency market is improving and this is a good start for market growth so this is your chance to get big profits.
keep up to date and always optimistic if you can get big profits, Crypto will not always be bad.
Those crimes are getting worse that is true specially the scam so we need to be careful in what we are doing in cryptocurrency especially in investing because if we dont invest in those scam projects no can be victimized by them so investors invest only in legit projects like Dencoin tokens that is now running a ico that you csn buy tokens from them.
it depends on us, if we can choose the right and maybe we will not get fraud.the Cryptocurrency market is improving and this is a good start for market growth so this is your chance to get big profits.
keep up to date and always optimistic if you can get big profits, Crypto will not always be bad.
Those crimes are getting worse that is true specially the scam so we need to be careful in what we are doing in cryptocurrency especially in investing because if we dont invest in those scam projects no can be victimized by them so investors invest only in legit projects like Dencoin tokens that is now running a ico that you csn buy tokens from them.
We have a lot to do and achieve together when it comes to exposing scam projects ad scammers in general.
Some people are into aiding and abetting the works of scammers, by not exposing them whenever they come across one.
These set of people have reaped a lot of their hard earned money and have put them into sorrowful moments. This needs to stop.
Some people are into aiding and abetting the works of scammers, by not exposing them whenever they come across one.
These set of people have reaped a lot of their hard earned money and have put them into sorrowful moments. This needs to stop.
Crypto crimes as been happening a long time ago. I can still remember in 2017 where we heard about a lot of projects turning out to be huge scams. But nowadays we see more of hacks and people impersonating Devs from project just to scam. We need to create awareness to crypto users on various ways to Identify on various scam methods that are used by this and how to keep ourselves safe from being a victim.
Crypto exchange is very vulnerable to hacking efforts because there is a lot of money in it. Personally, I prefer to choose a personal wallet as a place to store my assets instead of keeping it in an exchange and that is certainly the first step in not being a victim. Exchange site owners should continue to try to think of the best way to stop or minimize the hacking efforts. It is truly unfortunate to see the fact that one event ( exchange being hacked ) isn't able to become a lesson and similar events still occur!
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?
This not includes the Binance exchange scamming right?since it happened in Q2 .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?
But still that’s a huge amount just for three months of victimizing..and if added this another months for sure this will double the amount
This is part of the market growth,the criminals are eager to have a piece of cake from the profit we gain
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?
The problem is in engineers designing security systems. they need to be smarter and always have backup plans for attacks. when BNB was hacked nearly $ 40 million, CZ said it was due to the seminars, they said their security system. Since then, hackers can easily access exchange. Therefore, the following should be careful about disclosing their security system. because hackers are a lot now. 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?
Jump to: