Scammers and cheaters will always exist with or without the laws. Law is applicable everywhere; it is just not intense in the crypto world as in the real life. It’s one of the reasons there are KYC’s; to try and curb cheaters and scammers.
I believe the law will be more intense in the crypto world when regulation comes in.
Topic: Crypto Criminals got balls because no COP or law to tackle them - page 3. (Read 1336 times)
November 05, 2019, 07:56:29 PM
November 05, 2019, 07:12:50 PM
Criminals can only be tackled when they are actually caught and this would prove very hard even with regulations considering the fact that blockchain technology promotes anonymity because for example, even without any laws, if a criminal, maybe a hacker was successfully able to access your funds and steal your funds, if you somehow discoverd the identity of the hacker and reports them to the appropriate authorities, that criminal would still be punished even without the regulation. Regulations would only have an impact on projects that wants to raise funds.
October 12, 2019, 01:31:49 PM
I don't know what you are talking about. Almost all scams are online. That is just the age we are living in. There are certainly laws against this sort of thing. It is just too easy for criminals to scam though.
I blame the ISP and website and domain providers. They should properly investigate complaints since all the people's personal info is there. I don't understand why it is so hard to just get someones ISP then all their contact details through that. With DMCA they manage to do it.
I blame the ISP and website and domain providers. They should properly investigate complaints since all the people's personal info is there. I don't understand why it is so hard to just get someones ISP then all their contact details through that. With DMCA they manage to do it.
October 12, 2019, 09:05:29 AM
actually what you said above has a point too, but I'm not sure if scamers can be completely eliminated in this industry with a legal system, at least it can reduce some exceptions and I think the crypto space is large and full of wealth so scamers will never stop cheating victim.
October 12, 2019, 09:03:06 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. 
October 12, 2019, 08:49:56 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.
Try to type-in on google search "crypto arrested" and you will find out there are lot of groups or individuals that already been arrested though scammers are so many in crypto-space and most of them are still free and lurking around to find their new victims. crypto is unregulated but they must be complaint on government rules in terms of crypto on which country they are located. the police is just having a hard time to caught and track those scammers because of the decentralized system and sometimes they escaped being caught because no one file a case against them.
October 12, 2019, 08:31:52 AM
Well I don't think that the cyber police are not doing any efforts to catch the criminals but this depends on the country rules as far as I know. Most of the time , if the scammer leads traces that leads to him , it will be caught and send to jail but if its hard to catch him , its just like any other hard case that takes time in order to be solved.
Maybe you're right that for crypto the law is still thin and they don't know how to act when they catch or they don't catch the scammer but money are still money so there should be the same laws. In a few years scammers will get caught easily when they operate.
Maybe you're right that for crypto the law is still thin and they don't know how to act when they catch or they don't catch the scammer but money are still money so there should be the same laws. In a few years scammers will get caught easily when they operate.
October 12, 2019, 08:21:57 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.
I think that only real victims of scams will fully understand the message that you are driving at. We need regulations and strict implementation of the rules in this industry because we are almost run over by so many scams, frauds and abusive people not to mention the hackers, phishers and the likes. This industry will not mature if there will be no clear ways that we can rely on against the man scammers now putting up their strong presence in here. Deregulation and decentralization are two good things and I am supporting these but there should be clear path to deal with this cancer of the industry otherwise people will start to lose trust and confidence with us. The industry itself must initiate self-regulation in response to this big problem so that we can work hand in hand with authorities to run after these scammers and fraudsters.
October 12, 2019, 07:26:11 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.
Here in our country scammers are prosecuted, these scammers managed to get away because they are victimizing people that are not in their region and sometimes, they pay a settlement to people who sue them leaving the small players like us in limbo, because we don't have the means to sue them because they are living in other countries.
October 12, 2019, 07:22:47 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.
I believe scammers can be dealt with without the authorities taking over the cryptocurrency space.
The decentralized Crypto-space should remain decentralized with self-regulatory system put in place to filter-out scams. Have you seen a good self-regulatory system in work before? You have the internet "police", "lawyers", FBI etc working as community to filter out scams. They have to be incentivized though.
October 12, 2019, 07:09:48 AM
They must know first what is cybercrime and hacking in crypto is belongs to that cybercrimes. If you are confiscated with strong evidence through your gadget use you may put in jail and problem commit a year or life time imprisonment. At this case don't let hacker might hack you, protect our self and depend from those hackers. If you can't, you might fall into them. There is an increase but few of them are being caught by the authorities. Learn how cybercrimes law works, https://www.criminaldefenselawyer.com/crime-penalties/federal/computer-crimes.htm
October 12, 2019, 07:08:41 AM
I am not an expert in regards to law, however, I think once it has been proven and it is known who the culprit is and there is one who will press a charge against the culprit. I guess the law that exists in a country will apply. In our country, those who create investment scam through crypto are being caught by the police and consider the same as those who scam people in real life.
I agree with you if there is a proven culprit to the investors and the evidence is there, then just report it to the police. I am sure that the police will follow up according to the law, because now there are many rule of law countries. crypto, honestly if I find a scamer and it is proven then I will report it to the law.
October 12, 2019, 06:59:57 AM
I don't agree with you mister, what about the projects that scam people and get exposed later on? bitconnect is a big example and the law knows who is responsible for bitconnect, we all know who built the scam project so why haven't he get jailed since all this while? i think crypto should be left the way it is today because if government get involved it will only worse
Really? then what happened with them?
https://cointelegraph.com/news/police-arrest-alleged-india-head-of-now-defunct-bitconnect-scam
https://cointelegraph.com/news/australian-federal-court-imposes-travel-ban-fund-freeze-on-bitconnect-promoter
the law is not able to arrest everybody because they need evidence before arresting the suspects. As I said before, we have a law but because of technology some scammers are able to cover up their identity thus leading them to freedom. The government should get away from us but the law should stay with us because it could protect us from the criminals.
October 12, 2019, 06:55:15 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.
Thats your own opinion, but base of the previous events most of the scammers are successfully evaded the rule of law of those place (country) in which those iCO's was originated. thats because there is no regulatory body that can follow them. It make sense to me if those regulation specially in ICO's was already exist it can be use as a deterent to those scammers think twice. 
October 12, 2019, 06:40:03 AM
Criminals can be caught and even scammers. the regulation will be made to have the profile or identity of the team before doing any kind of ICO/IEO (this is why we need regulation)
We have a law for it and it should be implemented, though, they are hard to locate or identify if they are just using a random wallet.
Remember that there is no KYC needed when making some BITCOIN or ERC-20 wallets or other blockchain wallets.
But, as I said there is a law and they can be caught!
We have a law for it and it should be implemented, though, they are hard to locate or identify if they are just using a random wallet.
Remember that there is no KYC needed when making some BITCOIN or ERC-20 wallets or other blockchain wallets.
But, as I said there is a law and they can be caught!
October 12, 2019, 06:37:34 AM
There's a process for everything, I know that the law enforcement is doing their job. If there's an evidence of crime committed then those who are involved should be punished, however there some loopholes in crypto space. For example if you've been scammed by ICO operating overseas it would be a headache to file a formal complaint.
October 12, 2019, 06:36:31 AM
Many crypto scammers are been apprehended in some part of the countries like Philippines for example, they arrested crypto scammers are just small time thieves just like in real life, what about big ICO scam cases that the CEO of the project is well known? can anyone tell me any apprehended CEO or teams of any ICO scam? o guess not, i am not a fool, there is more that meet the eye
October 12, 2019, 06:32:02 AM
Then can you tell me, who caught this scammer if we do not have law?
https://www.coindesk.com/thai-gang-member-arrested-over-alleged-16-million-crypto-fraud
https://www.businessinsider.com.au/5-cryptocurrency-scammers-charged-over-3-million-fraud-and-more-than-100-got-sucked-in-2019-8
we have a law here but it is not as intense as our real-life. If we do not have a law in this space, every single people in here will try to scam people without worrying get caught by the law. The reason why it is not as intense as our real-life because it is very hard to caught the scammer. The technology is able to cover up their identity while they are doing the scam which results in freedom for some scammers.
Yup this is right, we have some laws here in this industry but it is not strictly implemented or giving a whole focus on the authorities but you can seize the team's project if they run away with your money. I heard there are some ICO law suits that helps investors to get their investments in ICO. https://www.coindesk.com/thai-gang-member-arrested-over-alleged-16-million-crypto-fraud
https://www.businessinsider.com.au/5-cryptocurrency-scammers-charged-over-3-million-fraud-and-more-than-100-got-sucked-in-2019-8
we have a law here but it is not as intense as our real-life. If we do not have a law in this space, every single people in here will try to scam people without worrying get caught by the law. The reason why it is not as intense as our real-life because it is very hard to caught the scammer. The technology is able to cover up their identity while they are doing the scam which results in freedom for some scammers.
October 12, 2019, 06:23:14 AM
I am not an expert in regards to law, however, I think once it has been proven and it is known who the culprit is and there is one who will press a charge against the culprit. I guess the law that exists in a country will apply. In our country, those who create investment scam through crypto are being caught by the police and consider the same as those who scam people in real life.
Those we consider scammers are not going to be held accountable and even caught if there are no people who fill file a legal complaint first. It has to be like that. The reason why scams are found everywhere is that there are no initiatives from the scammed themselves. If only there are legal actions done against the scammers, there will surely be hearings and trials happening. That is what happened to several projects in the past.
Another problem would be jurisdiction. It is hard to press charges when the project is based in some places which are too far to file the complaint itself. Another would be the cost, legal cost is expensive. Not to mention the cost in going to the exact place to file the case.
October 12, 2019, 06:15:40 AM
I am not an expert in regards to law, however, I think once it has been proven and it is known who the culprit is and there is one who will press a charge against the culprit. I guess the law that exists in a country will apply. In our country, those who create investment scam through crypto are being caught by the police and consider the same as those who scam people in real life.
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