Topic: Cyber Crimes and Crypto - page 3. (Read 667 times)
I would really like to know why people seem to gravitate towards using btc still in the dark web versus say privacy coins. Also super fascinating technology from ciphertrace that can track all of that
Yes, unfortunately all these crimes with cryptocurrencies are the dark side of the whole blockchain . But it always happens and there is nothing to be done, this problem must be solved at the level of settlement
Experts are sure that cryptocurrency will become the number one goal of the cybercriminals. They say that the largest part of these crimes is connected with hidden mining. Almost half of the people do not even realize that their computers are used for these attacks. It is mentioned that the number of cyber attacks for cryptocurrencies is constantly growing.
Crypto used the decentralized system and that is difficult to control it consider anything in the decentralized system will be permanent.
Self regulation doesn't work when it comes to the decentralized ecosystem.
The criminals will not be stopped until all of crypto users will be fully educated about that. It's impossible to control crypto but it's possible to make users will be more educated.
Self regulation doesn't work when it comes to the decentralized ecosystem.
The criminals will not be stopped until all of crypto users will be fully educated about that. It's impossible to control crypto but it's possible to make users will be more educated.
I agree that in order to prevent fraud and misuse of cryptocurrency, it is necessary to educate the users of the cryptocurrency itself. If cryptocurrency users understand security and usage, I think cryptocurrency owners or investors will be more careful in using or storing it.
It is really shocking news but true and almost we have nothing to do in this decentralized ecosystem. Crypto currency is almost decentralized and it is known to all
This is not the first time Cryptocurrency has been used as a Crime field. All illegal transactions they consider safe with Cryptocurrency, such as Drugs, Weapons, and even Money laundering.Actually this is an abuse of cryptocurrency. Crypto can be used as a store of value and this is a good thing, but can also be used for criminal activities. Everything depends on the user. Therefore, regulations regarding cryptocurrency are needed to prevent criminal actions in the cryptocurrency market
It is really shocking news but true and almost we have nothing to do in this decentralized ecosystem. Crypto currency is almost decentralized and it is known to all
This is not the first time Cryptocurrency has been used as a Crime field. All illegal transactions they consider safe with Cryptocurrency, such as Drugs, Weapons, and even Money laundering. 
This is one of the reasons why people has been pushing the sec to approve the ETF, at least if approved, it will still have a way to regulate this because it is really becoming very alarming.
Although it is still not as much as the rate of scam that is going on within other systems, and fiat is even the worst but we don’t have to wait till it gets seriously worst before it is being curtailed, and if also not curtailed, it may make the cryptocurrency industry to start having a declined market because investors will lose trust in the system, but that will not stop people from using it genuinely, especially bitcoin, maybe this is the reason why altcoins are really declining and people are beginning to get fed up with it since that is the major place where all manner of scam is coming from really.
Although it is still not as much as the rate of scam that is going on within other systems, and fiat is even the worst but we don’t have to wait till it gets seriously worst before it is being curtailed, and if also not curtailed, it may make the cryptocurrency industry to start having a declined market because investors will lose trust in the system, but that will not stop people from using it genuinely, especially bitcoin, maybe this is the reason why altcoins are really declining and people are beginning to get fed up with it since that is the major place where all manner of scam is coming from really.
Whenever there is money related there is crime and that is happening in the crypto world. Crypto currency is still new, it is still crawling in the dark in terms of security that is why more and more people are taking advantage of it to commit crimes.
Based on the article, most cases of crime in the form of hacking exchange, there are also scam projects
i dont think its exchange that have alot of crime cases but its the ico because there are more numbers of ico when compare to exchanges , its also detectable if an exchange is fraud and people will mainly use the trendy ones but its hard to pick a an ico . People who have maintained their assets to the maximum sometimes can still lose, especially ordinary people who have not adapted to the cryptocurrency ecosystem.
those ordinary people that your talking about are sometimes more cautious enough on what they do because they are scared of hacks and scams while extra ordinary users tend to try new things and love to take risks , so most of them are prone to scams and hacks .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
Bad name? Come on man, crimes happen. There is nothing you can do to stop it. People commit frauds and crime everyday using fiat currency. Is it giving a "bad" name to those currency? People use prepaid cards and gift cards to hide their identity when selling illegal stuffs online. Are those prepaid cards getting a "bad" name? Just because the crime is related crypto currency the media is exaggerating.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
I feel confident knowing that cryptocurrency is better than fiat and will be able to showcase that through stopping these sorts of crimes before they happen. Unlike fiat. I think what Ciphertrace is offering is actually really helpful for the space.
Based on the article, most cases of crime in the form of hacking exchange, there are also scam projects, that's how the fraudsters try to benefit from the popularity of cryptocurrency. People who have maintained their assets to the maximum sometimes can still lose, especially ordinary people who have not adapted to the cryptocurrency ecosystem. Well, that's how the news plays its role, it should also be reported on the good side of the development of cryptocurrency, how many people have had success with this.
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
It is true the that a lot cyber criminals are turning to crypto to carry out their schemes because cryptocurrency makes everything easier for them including making deals, and sharing the loots after their successful operations, but without crypto these criminals will exists, so crypto technology is not to be blamed for anyone's wrong doings, It's just like blaming guns and bomb investions because terrorists are also using them.
Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019
All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
Bad name? Come on man, crimes happen. There is nothing you can do to stop it. People commit frauds and crime everyday using fiat currency. Is it giving a "bad" name to those currency? People use prepaid cards and gift cards to hide their identity when selling illegal stuffs online. Are those prepaid cards getting a "bad" name? Just because the crime is related crypto currency the media is exaggerating. All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
I think it is high time we have some crypto police or some global cyber crime agency where all these crimes can be reported and then that authority can investigate and charge the guilty persons and also implement fines and punishments according to the severity of the crime.
I tell people that the main reason crypto is yet to be accepted worldwide is because of the high level of fraudulent activities taking place in the crypto market which is giving it a bad name.
This ponzi/pyramid scheme always seems to be a very interesting one to follow, I do not understand why there are still those who can fall into the same hole even though there are already examples like bitconnect. As written in the article, the majority of cyber crime occurs almost 50% from this scheme ($ 2.9B), While the hack case is only around $ 500 Million
I think that means educating normal people is also important aside from security in crypto wallet, exchange, etc. So we cannot blame entirely on crypto because it has a decentralized nature, isn't it?
Quote
Read here for more details: https://cointelegraph.com/news/vanuatu-extradicts-six-chinese-citizens-allegedly-involved-in-crypto-scheme
I think that means educating normal people is also important aside from security in crypto wallet, exchange, etc. So we cannot blame entirely on crypto because it has a decentralized nature, isn't it?
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
While it is unfortunate that so much money has been lost I disagree with the solution you want to implement, we are supposed to be our own bank and while this give to us an incredible amount of freedom it also comes with a huge level of responsibility, each one of us is responsible to take care of our coins because once those coins are no longer in your wallet then it is impossible to recover them but it seems this simple truth is lost on most investors since they do not really try to learn what are the principles behind cryptocurrencies since they are only interested in getting quick profits and nothing more. 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
Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019
All these Criminal Acts is giving Crypto a bad name
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
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study
When hackers steal fiat money from people via phishing attacks, does it give fiat money a bad name? Art forgery gives art a bad name? Crypto is becoming part of people's daily life, it's normal that some criminals see a niche in it.
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
Of course hacks and robberies will happen. Security is not that much developed. Although it develops super fast. I do not see any reason it would give bad name to crypto. It does not. But those that use crypto need to be aware of it and extra cautious.
I think this will be fine in legal board for discussion.
Anyway, it depends on the angle you are looking at the cyber crime from. Are you including the scam icos as cyber crime too ?
Because, they have actually gulped people's cash with impunity.
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
Anyway, it depends on the angle you are looking at the cyber crime from. Are you including the scam icos as cyber crime too ?
Because, they have actually gulped people's cash with impunity.
It is due to the nature of this ecosystem. It is open for everyone, everyone is free, there is no limits. And with this also come the downsides: there is no entity that will protect you against hackers, thieves or your mistakes.
Jump to: