Most of these Crypto-related cyber crimes occur on centralized platforms. And it's possible that most of the loses come from CEXes.
Crypto is all about decentralization and people controlling their own funds. If you hand over your fund to centralized platforms and it gets stolen then blame centralization & not decentralization. Crypto decentralized model aims to reduce the number of unauthorized access to people funds especially without their consent.
Keep your decentralized cryptocurrencies safely and nobody will take it from you.
Hopefully we will have reversible features built on top of Blockchains to enable those who make transfer mistakes and other kind of mistakes to effortlessly reverse their stolen or lost funds
Topic: Cyber Crimes and Crypto (Read 649 times)
Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019
All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
This is one of the major shortcomings of decentralization as it accords each individual total control of their financial behaviour online. With centralization, however, there is a limit to what each person can do and also a watchdog continuously monitoring the movement of money between wallets. If crypto will ever get legalized, then it will have to be centralized to a point where security can monitor all transactions to prevent cybercrimes like this
Crypto-related crime has taken place randomly lately with the popularity of cryptocurrency growing. According to the article, it has reached $4.3 billion in 2019, which will obviously tarnish the entire crypto space. In order to curb crypto-related crime, regulations must be in place at the earliest.
many actions have been taken to prevent this. of course law enforcement will continue to search for, and track down anyone involved in this crime.
however, we need to know that events like this are indeed very difficult to stop. there are trillions of humans at the moment, and we don't know who will commit crimes in the crypto world, even this isn't just happening in the crypto world even in the real world.
this is new news that I got, and it happens in the real world, but it is related to crypto.
https://cointelegraph.com/news/two-masked-thieves-caught-on-tape-stealing-bitcoin-atm-in-the-us
however, we need to know that events like this are indeed very difficult to stop. there are trillions of humans at the moment, and we don't know who will commit crimes in the crypto world, even this isn't just happening in the crypto world even in the real world.
this is new news that I got, and it happens in the real world, but it is related to crypto.
https://cointelegraph.com/news/two-masked-thieves-caught-on-tape-stealing-bitcoin-atm-in-the-us
I think it is difficult to ensnare scammers in the cryptocurrency market because there are still not many countries that regulate it. Without regulation, it is difficult for law enforcement to imprison fraudsters and this is the bad side of the cryptocurrency market but I think in the future more and more countries will regulate the cryptocurrency market
many actions have been taken to prevent this. of course law enforcement will continue to search for, and track down anyone involved in this crime.
however, we need to know that events like this are indeed very difficult to stop. there are trillions of humans at the moment, and we don't know who will commit crimes in the crypto world, even this isn't just happening in the crypto world even in the real world.
this is new news that I got, and it happens in the real world, but it is related to crypto.
https://cointelegraph.com/news/two-masked-thieves-caught-on-tape-stealing-bitcoin-atm-in-the-us
however, we need to know that events like this are indeed very difficult to stop. there are trillions of humans at the moment, and we don't know who will commit crimes in the crypto world, even this isn't just happening in the crypto world even in the real world.
this is new news that I got, and it happens in the real world, but it is related to crypto.
https://cointelegraph.com/news/two-masked-thieves-caught-on-tape-stealing-bitcoin-atm-in-the-us
Cyber criminals are those that make people scared to invest in crypto. But the problem is since there are no regulations regarding crypto, there is no one to deal with these criminals.
Investors will not be afraid of cybercriminals as long as they know how to protect their assets. The proof that they are not afraid of these criminals is seen from many of them who invest in Bitcoin and not affected by those issues. Indeed, there are no regulations on bitcoin so we must also be careful dealing with these criminals by always ensuring the safety of assets.
When crypto isn't regulated yet then the criminals will always be aiming crypto users and i had read the article above that most of hackers stole bitcoin from the exchange and crypto users and i think government should be more concern about this because it's very detrimental to many people and government purpose should be protect their citizen
Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019
All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
This will definitely happen when the cryptocurrency is legalized by most states and then the issue of the general protection by states of their citizens from cybercriminals will naturally become a question. This evil can only be combated together and only by the joint efforts of the state law enforcement agencies, given that these crimes are almost always international in nature.All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
Today, cybercrime is a very big problem for cryptocurrency users, and especially beginners in cryptocurrency.
Blockchain should extremely help against crypto crimes since you cant copy digital asset published on blockchain. You can copy a picture or a program and steal it easily. But internet is build as it is build. It is impossible to change that since got built from 90ties and even before. Internet security should be implemented on base layer. Same as it is unacceptability in Monero. You will not achieve it on second or third layer even if you will try it. Same as we fail with internet security.
Cyber criminals are those that make people scared to invest in crypto. But the problem is since there are no regulations regarding crypto, there is no one to deal with these criminals.
Investors will not be afraid of cybercriminals as long as they know how to protect their assets. The proof that they are not afraid of these criminals is seen from many of them who invest in Bitcoin and not affected by those issues. Indeed, there are no regulations on bitcoin so we must also be careful dealing with these criminals by always ensuring the safety of assets. 
Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019
All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
That's too much money, isn't there a team of anti cyber crime internationally? I hope it will be at the discussion table of the countries that are dragged in to this, this isa big matter not taken light of.
Mitigating cyber crime would have been easier if the tenets of cryptocurrency have not been architectured to evade the long arms of the law. Decentralization and blockchain technology makes it difficult to track the digital prints of an offender
I don't think that the cryptography wanted to evade the long arms of the law. It was design to be an alternative to the current fiat system. But everything went on the opposite direction when people started to used it with bad intent. How many times do we heard that authorities are saying that crypto are flowing freely in the dark net such as Silkroad? And this is a ongoing battle, a cat and mouse between bad actors in the cyberspace and between government hunting them down. I guess authorities doesn't have a success rate as we have seen few reports of cyber criminals being caught.
Cyber criminals are those that make people scared to invest in crypto. But the problem is since there are no regulations regarding crypto, there is no one to deal with these criminals.
Mitigating cyber crime would have been easier if the tenets of cryptocurrency have not been architectured to evade the long arms of the law. Decentralization and blockchain technology makes it difficult to track the digital prints of an offender
You are right mate, but the beauty of this technology is the blockchain itself. Therefore, we cannot have cryptocurrency without block chain. Also, talking about decentralization, it is not exactly the problem, because it could have been regulated, if they wanted to. KYC is one of such measures.
Cyber crime is not only related to crypto crime only it relates to the all social media pros and cons. I would like to say that prevention is better than cure.The people who are familiar with crypto currency should be more educated and aware about cyber crime so that such cases will be leesen or on future there will be no chances of happening such activities.
Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019
All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
yes that is if crypto is not used properly, many use crypto as a bad thing and harm many people, especially crypto users. because of what I know the criterion is not bound by law, so many are using it for things that are not good. then we as crypto users must maintain and utilize it properly and as well as possible. All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
Because crypto payments are not easily traceable or reversible, a lot cyber crimes are perpetrated through it, a particular wallet can be holding several million dollar worth of bitcoin without knowing who owns it which is different from other forms of currency. Not a good one for crypto but we hope for an improvement and a better security of the system
Cyber crimes as related to crypto crimes only. These articles and studies are bias although I know that there's fact in it. However, they are bias in a way that they are describing these crimes related to crypto but how many crimes are occurring daily with credit card frauds? those cyber crimes that are stealing bankers fiat money. These criminals, hackers, scammers will remain to exist, they all came from the traditional financial crimes and now they've just upgraded themselves
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
The crimes will always try to run with or without crypto, and there will be more things to be used for illegal activity. We cannot do anything, but we could use crypto or fiat as for good things, so we don't break any law in our country or other countries. So let we use crypto for a good thing, and we can also ask other people who use crypto for good things too like us.
I think the law will try to catch every people who use crypto for bad things and they have unlimited sources to find them, and it's only a matter of time to see they can catch the people.
I think the law will try to catch every people who use crypto for bad things and they have unlimited sources to find them, and it's only a matter of time to see they can catch the people.
"Prevention is better than cure" that phrase really means something within this topic. I agree with VanDeinsberg12 that the people should be more educated so such cases will be lessen or in the future be gone.
Jump to: