Crypto Criminals got balls because no COP or law to tackle them - page 2.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: lighpulsar07 on November 05, 2019, 08:21:55 PM

There is a law and cops but the problem is we are in the internet which is huge and anonymous so, hackers and scammer can get away without getting caught very easily they can cover their tracks and move to another location and that's it and that makes them very hard to catch anyway, we should be careful to person dealing with and don't fall into scams

It's reality that we need to accept, since there's no regulations and we are working online the chance of becoming a victim is high. Best to make sure
in learning things that can avoid you or lessen the risk of getting into scammers hole. If you know how protect yourself online the chance is slim for
scammers to penetrate you.

Scammers and hackers after successfully hit their victims will just disappear and move to another target.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Quote from: DabsPoorVersion on November 06, 2019, 06:14:30 AM

Quote from: adzino on October 12, 2019, 09:03:06 AM

Quote from: VDraci on October 12, 2019, 05:36:05 AM

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

Wait. You seem to be misguided. Using crypto currencies doesn't mean that you are invulnerable to the law. If you commit a crime, you are a criminal and you will be prosecuted. Doesn't matter if you use fiat currency to commit that crime or crypto currencies. You will still be a law breaker. It is just that finding the criminal becomes a harder task for them if they use crypto currencies.

I tend to agree, actually even in using digital, law is still effective. There is a law created to counter every situation even in crypto. With or without cops, using crypto in illegal activities doesn't mean that you can avoid being apprehended by the law. Once an individual committed a crime, there is always a law that will chase them.

I could not agree more, wrong is wrong even if every one is doing it and right is right even if no one's doing it. Crime is crime and law is law, even here on crypto space law is above us ruling the right thing and then there are authorities that executes it. These criminals were not able to capture because of the anonymity, and lead no where because of complex patterns.

ololajulo

sr. member

Activity: 2240

Merit: 270

SOL.BIOKRIPT.COM

people dont believe a lot of things in this forum because of the distrust, so is this regulations proposal. Scammers are not guilty until and proven so is the process. I think its still the early stage, as scams are being detected and loophole are known so will be and help the production of effective regulations. A lot of the popular high-end exchanges had broken the law at a time and staying in such a regulated environment like USA ATM is scary to them. Some are moving away and some that wanted are cautioned lately

DabsPoorVersion

sr. member

Activity: 1260

Merit: 315

www.Artemis.co

Quote from: adzino on October 12, 2019, 09:03:06 AM

Quote from: VDraci on October 12, 2019, 05:36:05 AM

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

Wait. You seem to be misguided. Using crypto currencies doesn't mean that you are invulnerable to the law. If you commit a crime, you are a criminal and you will be prosecuted. Doesn't matter if you use fiat currency to commit that crime or crypto currencies. You will still be a law breaker. It is just that finding the criminal becomes a harder task for them if they use crypto currencies.

I tend to agree, actually even in using digital, law is still effective. There is a law created to counter every situation even in crypto. With or without cops, using crypto in illegal activities doesn't mean that you can avoid being apprehended by the law. Once an individual committed a crime, there is always a law that will chase them.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: X-ray on November 06, 2019, 01:32:54 AM

The thing is all those scammers usually comes from a third world country where the laws or regulation there is limited and also country like US will have a hard time if it is about to figure out or find someone among billions. It is basically the same case as ordinary internet scanners although there are laws regarding to this thing those scanners still exist anyway because they are coming from a country with weak law enforcement.

I guess you could say I come from a third world country, but you are probably wrong about that, because the big scammers in the ICO space are the ones with good education and a lot of money to run big scams.

The ones you talk about are just small time con men and HYIP managers. The big ICOs that ripped people off? Trust me, they went to good schools and come from good families with good income.

Menawi12

member

Activity: 700

Merit: 10

Quote from: TanakabZX on November 06, 2019, 01:46:21 AM

We need that regulation badly, with regulation every new project developers must go through verifications and this can actually create FEAR in dubious developer's mind, scammers need to go, how far can we safe ourselves with research when scammers are getting more smarter? there will come a time when our research won't be able to safe us

Agree that cryptocurrency requires government regulation because if there is no penalty for scammers, there will continue to be fraud on behalf of the sale of tokens. With regulation, investor confidence will increase and the public will be interested in investing

tinyteapot

sr. member

Activity: 1175

Merit: 275

Quote from: VDraci on October 12, 2019, 05:36:05 AM

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

There have been some arrest made as pointed out by the people that replied earlier though the outcome from such arrest and trials are not made public.

Your observation have some facts and i will try to understand you differently since we are talking about cyber crime that affects crypto space.
The ico scams shall be reduced or eradicated completely if there is a central crime control as regards crypto scams, most of the arrest made only relates to one country or the other and those arrested might have contravened certain financial law of the country and investigations shows that they got the money through crypto ico scams.

I know a particular ico scammer from india that are still walking freely on the street despite all the emails sent to the authority concern.

We need interpol to create a department for crypto space industry in order to track and arrest these criminals.

HK88

jr. member

Activity: 193

Merit: 3

If you think the freedom of scammers is the same as real-world criminals, then crypto needs to be regulated like there is a law for every criminal. but the problem is that crypto is not regulated by anyone, the government is not involved in this industry. so scamers are always free to fool weak people.

Wysi

sr. member

Activity: 1638

Merit: 261

Quote from: TanakabZX on November 06, 2019, 01:46:21 AM

We need that regulation badly, with regulation every new project developers must go through verifications and this can actually create FEAR in dubious developer's mind, scammers need to go, how far can we safe ourselves with research when scammers are getting more smarter? there will come a time when our research won't be able to safe us

I understand the need of regulation but at the same time this might lead to some sort of centralization which might actually be a bad vibe for investors but we can have a common verification platform for new bounties and projects which will filter the scam projects but I am not sue how far this will help as scammers will always be there as these are disadvantages of decentralized projects.

Casdinyard

hero member

Activity: 2184

Merit: 891

Leading Crypto Sports Betting and Casino Platform

Quote from: meanwords on November 05, 2019, 08:38:44 PM

I think the main issue here is not the law, but the way crypto hides the scammers identity. We have vpns, mixers, Tor, and other sources that I don't know yet to hide our addresses and identities.

I disagree, as crypto is really meant to be pseudonymous and should be the same until the same. The thing is, there are abusive people that use crypto for their own interest hence take advantage on it. While we have certain law about it though isn't enough to cover some fields. If there will be regulation that can strict and cover all the issues in crypto then maybe people will have their second thoughts to do such thing.

Anyway, I just wonder why there's still people fall for such scheme, when you can even tell that there's something shady behind it. 🤔

TanakabZX

member

Activity: 504

Merit: 16

We need that regulation badly, with regulation every new project developers must go through verifications and this can actually create FEAR in dubious developer's mind, scammers need to go, how far can we safe ourselves with research when scammers are getting more smarter? there will come a time when our research won't be able to safe us

Cekerula

jr. member

Activity: 134

Merit: 1

the problem is because the crypto industry is free, financially free for anyone who wants to take part in it, good people & bad people are always around us. so, there is no guarantee for your security, only you alone can determine your destiny here.

X-ray

hero member

Activity: 3038

Merit: 526

Leading Crypto Sports Betting & Casino Platform

The thing is all those scammers usually comes from a third world country where the laws or regulation there is limited and also country like US will have a hard time if it is about to figure out or find someone among billions. It is basically the same case as ordinary internet scanners although there are laws regarding to this thing those scanners still exist anyway because they are coming from a country with weak law enforcement.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: VDraci on October 12, 2019, 05:36:05 AM

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

Scammers continue to act until now due to unclear regulations governing the sale of new project tokens. The existing regulation to date is the regulation of trading in exchangers and therefore IEO is a safe way to invest in a new project even though it does not guarantee that the tokens from IEO will benefit after the initial listing.

Genemind

sr. member

Activity: 1596

Merit: 335

The anonymity of cryptocurrency is taken advantage by criminals to pursue their crimes. However, in some countries, some scammers were caught and punished. I believe that due to the latest technology, crypto will still be able to catch scammers in the future. For now, we only have to be smart and find ways to get rid of them.

Aabcde

sr. member

Activity: 1050

Merit: 256

I think that not all crimes in crypto are kept silent because of anonymity.
In my opinion, there are 2 types of scamming people, the first is individuals and the second is companies.
In the case of individuals, which may be rather difficult to trace because they do not know the shape of their faces, their origin, etc. But, if this scamming happens, I think only fools fall on them.
Second, the scam of the company. There are a lot of examples, such as, new projects that raise funds and when funds are collected they run away. Or exchanges that suddenly close and carry users' money.
In this second, the possibility of further action from the law or the police must be there. Because the number of victims they must be many and also the identity of the company or CEO must have been open at the beginning.
So not all crypto crimes are not followed up by law, there must be. It's just that we don't want to find that information.

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

Quote from: VDraci on October 12, 2019, 05:36:05 AM

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

Not unlike in real life or offline, all criminals can be traced because of their identity, if the criminals are working in a country where the crimes happen, the cops can easily trace and hunt them, not unlike online, they are able to disguise themselves, and if they scam people from another country, the offended party, will have to go to the location to hunt the scammers, which is additional burden on their parts, education is still the key on how n t to fall from these scammers online.

wajik-tempe

sr. member

Activity: 1022

Merit: 252

Quote from: VDraci on October 12, 2019, 05:36:05 AM

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

Because it's almost impossible to create of the law environtment in crypto space, that's why many country are banning crypto one of the reason is the crime in crypto is cannto trackable. Most of scam projects are not placing their real team in their websites, he's using random pictures from the internet and making random names and complement it with such great portofolios. So, newbie people will get tricked and at the end they are untrackable. So, there are the plus minus of crypto and we have to get used to these conditions

meanwords

full member

Activity: 1624

Merit: 163

I think the main issue here is not the law, but the way crypto hides the scammers identity. We have vpns, mixers, Tor, and other sources that I don't know yet to hide our addresses and identities. The police would have a hard time trying to catch them. They can also hide their scammed assets to other wallets or other coins in order to lose track of the transactions. Scammers are getting confident because of the advancement of our technology and with that, cyber crimes are increasing.

lighpulsar07

sr. member

Activity: 518

Merit: 271

There is a law and cops but the problem is we are in the internet which is huge and anonymous so, hackers and scammer can get away without getting caught very easily they can cover their tracks and move to another location and that's it and that makes them very hard to catch anyway, we should be careful to person dealing with and don't fall into scams

Topic: Crypto Criminals got balls because no COP or law to tackle them - page 2. (Read 1336 times)