Most of the places that have been infiltrated by hackers and scammers are crypto exchanges and those were where most funds got stolen. Which means that we really need to find ways in which we can secure and safeguard our funds on them.
Another very important area is ICO, but because of the rate of scam, so many investors are not creating interest in buying ICO. Although some of the ICOs still manage to raise their soft caps. Therefore, the larger amount of money stolen this year would have come from exchanges.
Topic: Crypto Fraud Hits 1.2 Billion - page 2. (Read 458 times)
Reading these responses it seems like for the most part people believe that where there is money there will always be fraud but what if this is a new type of money we are trying to spin up and create and run ourselves. My question then becomes is there a way we can add another level of security to help make changes to a broken system?
Why would we create a new monetary system that has the same old dirty habits?
Why would we create a new monetary system that has the same old dirty habits?
This is not surprising since in any field of activity there are fraudsters and there are always naive people who believe them and I believe that it is necessary to think that you need to create a certain body.
I think that in the future the market will become more regulated and this will reduce the amount of fraud in the market. I hope that in the future there will be much more fraud in the market.
yes, but where there is a lot of money the fraudsters will be very interested to take some part of them. and in crypto sphere there is lot of money.
The world scam is attached to Crypto this days which is a very sad thing, I am afraid that one day Crypto will be treated as HYIP programmes but that where we are heading with the number of scams we are seeing these days, no wonder no fresh money wants to enter the market at this moment.
https://www.nytimes.com/reuters/2019/04/30/business/30reuters-crypto-currency-fraud.html
It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
I don't know that crypto fraud level can reach that high. Now, I'm sure there are still scam projects that have't been busted and to be coming soon. Fraud will never die no matter what world we are living in.It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
I think the influence of the market and crypto crime has no effect because I remember when the market was going up, there were still cases of crypto hacking so security was the main thing
Yes, crypto-fraudsters have a very negative impact on the market,since thanks to their efficiency, many projects fall very much in price,lose markets and investors ' money,there are many such examples,of course the world without fraudsters would be much better,we will believe in a bright future
Always where money is spinning, there are always people who want to get it in the easiest and most cost-effective way. That is, fraudulently. It is not only in crypto that happens. I think this phenomenon will push developers to create a new universal security tool.
Many ICO's are popping up and having a good whitepaper and a good looking website with a believable team members. Will surely attract investors and many of them are attending blockchain shows and you will believe that they are legit and invest your hard earned money to them. And then suddenly they have this internal issue and then they disappeared with investors money.
Sure I expect it to even be more than that amount. That's what we see in the beginning of most things in life. Some persons takes advantage of it to do the worse. One thing for sure is that it will not last forever, either way it will definitely stop
https://www.nytimes.com/reuters/2019/04/30/business/30reuters-crypto-currency-fraud.html
It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
I don't know that crypto fraud level can reach that high. Now, I'm sure there are still scam projects that have't been busted and to be coming soon. Fraud will never die no matter what world we are living in. It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
There is no way we can think we will eliminate crime from the crypto place as long and financial transactions are involved there must be fraud and at that we need to acknowledged that fact. But we must try as much as possible to get over the criminal or better still minimize their operation.
I don't think that people are trying to take the blockchain platform down, I think they are trying to take down the dark markets and anyone who is going to exit scam. that's why the report is so thorough on these types of discoveries. cyber security firms aren't here to ruin the infrastructure they just want to take care of the bad actors
Either crypto with scammers, or something, but not a cryptocurrency, without them.
https://www.nytimes.com/reuters/2019/04/30/business/30reuters-crypto-currency-fraud.html
It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
If there's money involves then expect that there's crimes of scamming to happen, there's people who used their skills to trick and hacked others, they scammed money as it's an easy way instead of working fairly and enjoy life in a fair way, scammers and hackers will choose the easy access than to work hard to succeed from the scratch. It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
I think that in the future the market will become more regulated and this will reduce the amount of fraud in the market. I hope that in the future there will be much more fraud in the market.
i hope you are right. currently there is too much fraud in the crypto area and that is really bad. some people do not care about crypto because there are too many fraudsters. 
I think that in the future the market will become more regulated and this will reduce the amount of fraud in the market. I hope that in the future there will be much more fraud in the market.
https://www.nytimes.com/reuters/2019/04/30/business/30reuters-crypto-currency-fraud.html
It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
The Crypto market is a free market and anyone is free to carry out any project they want, I believe this is the problem because a lot of persons who launch Blockchain projects most times don't really focus on the security of their platform but on what they are bringing to the market which is so bad, because we have a lot of hackers that are looking for ways to bring this Blockchain platform down by all means ever. It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
I don't think that people are trying to take the blockchain platform down, I think they are trying to take down the dark markets and anyone who is going to exit scam. that's why the report is so thorough on these types of discoveries. cyber security firms aren't here to ruin the infrastructure they just want to take care of the bad actors
https://www.nytimes.com/reuters/2019/04/30/business/30reuters-crypto-currency-fraud.html
It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
The Crypto market is a free market and anyone is free to carry out any project they want, I believe this is the problem because a lot of persons who launch Blockchain projects most times don't really focus on the security of their platform but on what they are bringing to the market which is so bad, because we have a lot of hackers that are looking for ways to bring this Blockchain platform down by all means ever. It makes me sad to read how crypto crime has inflated as the market has slowed down. What has crypto become and is it becoming a means for people to do such dirty ways?
This is a huge number and those money was belongs to all of us. I am sure many of us got scammed in this cryptocurrency world, some of us more than once.. 1.2 billions of dollars big money and this number is keep raising, scammer wants to steal more! We need to be carefuly about any invest or trade.. Also we need to keep our coins safe and never trust no one on the internet. I got scammed twice and lost $2300 in 2 years ago but i have learned my lessons well and now i am very very careful..
Jump to: