Cryptocurrency theft has become a major security in Japan..

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: bossloccox on April 08, 2018, 06:26:15 AM

I read this on Bitcoin News , additional information in cryptoworld.
Cybersecurity experts have warned that half of the stolen "NEM" coins might have been laundered already on the darknet.
That's why Japanese authorities have decided to set up a center dedicated to combatting cybercrime, including crypto theft . 500 analysts and investigators from different branches of country's law enforcement agencies have joined the unit.
I know some members here have their NEM token on their wallet...
This restriction of Japan on the growing cybercrime trend in crypto world is what we need to avoid different scams.

It is true that we need to avoid to fall victims of scams but at the same time those that lost their tokens in that way were not completely responsible for it, the one that was responsible was the exchange, which show to us that we need avoid leaving our tokens there only as long as it's absolutely necessary and as soon as you are done trading you need to get your tokens out of it or you risk losing them in a hack.

mangkanor

member

Activity: 210

Merit: 10

It only means japan is eager to protect their citizens from these attacks,and i hope they will be able to track these bastards so that these people will get caught and put into jail for the rest of their life,stealing someone else money is never a good idea because these people are earning their money in a hard way which these people doesnt understand.

cryptomorphines

member

Activity: 168

Merit: 10

Japan is indeed capable of tracking these bastards but i dont care about what will happen to this coin,because i dont have any of this shitcoin.The community doesnt care about this coin anymore,but good thing about japan is they are willing to do everything to protect their asset,that is why they should keep what they are doing to fight these shit people.

oscarrsm

full member

Activity: 322

Merit: 101

Japan, probably, is one of the most loyal countries with regard to bitcoin. They want to create a stabilization fund for the bitcoin course. Prohibit various projects that have signs of fraud. Fight against cybercrime. There is a very large tax in Japan on digital money. And I understand where these resources are used.

jonloner011

newbie

Activity: 224

Merit: 0

That is good, don't you think so. Cybersecurity have to be tough man, because cybercrimes are growing, no one would like that if someone mess up with ours asset. Very much looking forward to it.

Yuuto

hero member

Activity: 644

Merit: 501

Quote from: bossloccox on April 08, 2018, 06:26:15 AM

I read this on Bitcoin News , additional information in cryptoworld.
Cybersecurity experts have warned that half of the stolen "NEM" coins might have been laundered already on the darknet.
That's why Japanese authorities have decided to set up a center dedicated to combatting cybercrime, including crypto theft . 500 analysts and investigators from different branches of country's law enforcement agencies have joined the unit.
I know some members here have their NEM token on their wallet...
This restriction of Japan on the growing cybercrime trend in crypto world is what we need to avoid different scams.

Nem hack happened ages ago.

Security for cryptos are especially important because of the fact that they are irreversible. Since it is decentralized, there is no way for a central entity to reverse payments the same way it is done through the banking system. So exchanges should always protect their wallets with sufficient measures, something that wasn't done in the NEM hack.

Scams are a completely different thing. Crypto scams can happen to anyone that is buying stuff with BTC. Again, the irreversibility of btc is exploited.

bct9t

newbie

Activity: 280

Merit: 0

Japan is working really hard to stop cyber crime and crypto theft. This shows the support of Japan towards cryptocurrency. Though it cannot be said the steps undertaken by the Japan government will be fruitful or not. But we hope for the best.

btctestcolets

jr. member

Activity: 233

Merit: 2

This is really a good update for the holders of NEM were the government of Japan providing an additional security measure to strengthen the capability of every customers who are currently believes the degnity of every members and supporters.

JanpriX

hero member

Activity: 1708

Merit: 606

Buy The F*cking Dip

This is actually inevitable. Any government in their right mind will do that especially when it involved the theft of a huge amount of cryptocurrency that translates into huge amount of fiat. This is the government's duty in the cryptoworld, thwart and prevent any hack/scam to happen. Though, one caveat that we could get here is that they will implement more restrictions and policies towards cryptocurrencies. This will be beneficial for us in the long run because many people will invest to cryptomarket once they think that it is safe to invest in it.

Doell

hero member

Activity: 2156

Merit: 531

it's time security for the future to minimize theft of crypto ,indeed NEM theft has become the main hot on topic in various news and this also has a strong effect in all markets so that more correction occurs lately ,always remain watchful against this kind of theft

edwardnortonn

newbie

Activity: 177

Merit: 0

Japan is very central in the development of cryptocurrency that its discouraging to hear that there is crypto theft down there, people should be extra cautious when dealing with he safety of their investment

AlexaSonda

full member

Activity: 504

Merit: 101

it seems like this action is very difficult to do and takes a long time to solve this case. but I support the actions of Japan and this is proof that Japan supports crpyto.

unisilver

sr. member

Activity: 378

Merit: 250

Quote from: orkoso on April 08, 2018, 06:31:45 AM

The thing about this thefts is that there is an international scene for them and a very complex one, it is like prosecuting a criminal that moves the money across 10 jurisdictions and having to get an order in all of them.

Base on what I read, I decided to just agree in this kind of security in Japan, because I know most of us been benefited on this maybe not just time but for the securities of everybody who are into btc.

orkoso

member

Activity: 276

Merit: 23

The thing about this thefts is that there is an international scene for them and a very complex one, it is like prosecuting a criminal that moves the money across 10 jurisdictions and having to get an order in all of them.

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: bossloccox on April 08, 2018, 06:26:15 AM

I read this on Bitcoin News , additional information in cryptoworld.
Cybersecurity experts have warned that half of the stolen "NEM" coins might have been laundered already on the darknet.
That's why Japanese authorities have decided to set up a center dedicated to combatting cybercrime, including crypto theft . 500 analysts and investigators from different branches of country's law enforcement agencies have joined the unit.
I know some members here have their NEM token on their wallet...
This restriction of Japan on the growing cybercrime trend in crypto world is what we need to avoid different scams.

That's why japan government was putting latest announcement to the majority of exchange sites to increase the capabilityt of their security. It looks like japan is seriously fighting with the cybercrime.
It will be so difficult to track, it's based on the algorithm. it looks become true.

liangweicha

member

Activity: 238

Merit: 10

The Experience Layer of the Decentralized Internet

It is true that most tokens are hard to track.
And many exchanges have security issues, so it is necessary to set up such a department. Grin

bossloccox

newbie

Activity: 93

Merit: 0

I read this on Bitcoin News , additional information in cryptoworld.
Cybersecurity experts have warned that half of the stolen "NEM" coins might have been laundered already on the darknet.
That's why Japanese authorities have decided to set up a center dedicated to combatting cybercrime, including crypto theft . 500 analysts and investigators from different branches of country's law enforcement agencies have joined the unit.
I know some members here have their NEM token on their wallet...
This restriction of Japan on the growing cybercrime trend in crypto world is what we need to avoid different scams.

Topic: Cryptocurrency theft has become a major security in Japan.. (Read 164 times)