Do you believe stolen funds should be returned to their owner? - page 2.

rodel caling

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Quote from: Hypnosis00 on August 22, 2019, 06:37:15 PM

Quote from: asajapheth on August 22, 2019, 05:10:28 PM

Base on simple morality, I'd agree that stolen funds should be returned to the owners. With the rate of thefts in the cryptosphere, security agencies would be interested in tracking these funds. Many crypto users do not like the idea of regulation - I don't too, but this is one of the problems regulation tend solve. We don't have to be nonchalant since we haven't lost any funds to these thefts.

I never think such morality exist by now. They steal our funds in a certain purposes and not by returning it over. We can't expect that we can have it back once it lost, nobody could do that.
In a particular reason why they stole our funds just because we let them to get it. How it sad, we can't get them cause of the anonymity we had in this community. We can only trace the transactions but not the person who make it.

Pretty perfect explanation and sad to admit hurt to heard, but it's comes in the reality the steal funds is very impossible to get back of the owners.
I'll never heard lost or stolen funds are returned it to the owner this issue is very difficult matters if the need to,talk about the honesty amd morality.

Iceblast

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Quote from: akeegan on August 22, 2019, 04:50:31 PM

Over $4 billion has been stolen or laundered in the first six months of 2019! This interview with CipherTrace CEO Dave Jevans is really interesting regarding details of the lost and stolen funds.

I was surprised to see that ransomware and scams are some of the biggest points of money loss over exchange hacks.

Worth while interview to watch and join in the conversation of what should happen to stolen funds. Do you get them returned or in a decentralized system are they lost forever?

https://blocktv.com/watch/2019-08-22/5d5ea9e847c19-scams-hacks-ransomware-run-amok-in-the-cryptosphere

for funds that have been lost there may be no hope of return, now thieves have taken advantage of the situation and I don't think it is a good thing to hope that the funds will return.

spadormie

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Is this even a question? Morality speaking, IT SHOULD BE RETURNED to the owner. And those thieves should be punished for what they've done.

The challenge here is how to retrieve the funds that were stolen and how to find the person/thieves.

Findingnemo

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When something is decentralized there is no way to bring back the lost funds on hacks so the owner will never get any funds from the hacker but we see binace returned lost funds from the pockets when they got hacked so getting refund is owners right but exchanges will decide about that.

Oilacris

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Quote from: akeegan on August 22, 2019, 04:50:31 PM

Do you get them returned or in a decentralized system are they lost forever?

They are lost forever no matter how good they are on tracking into things of lost funds but still its useless.

No keys=No funds and theres no magic on reverting those transactions been done that's why hoping into this
impossible thing will just stress you out.

Theb

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If the stolen funds are somehow retrieved then the regular rule of ownership still applies if they haven't retrieve it though a company is still liable to its investors even if their funds are stolen from them I mean even banks have deposit insurance for their clients just in case a robbery or bankruptcy happens to them. The insurance of course doesn't cover everything there is a certain limit depending on each country or each insurer. And of course crypto exchange doesn't have one as they are not yet particularly covered by that kind of requirement but if the lawmakers decided to do so I believe that crypto exchanges will actually start tightening and improving their securities ones they know they are liable to the potential losses of their users.

jhonjhon

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Quote from: pooya87 on August 23, 2019, 12:05:46 AM

Quote from: akeegan on August 22, 2019, 04:50:31 PM

Over $4 billion has been stolen or laundered in the first six months of 2019! This interview with CipherTrace CEO Dave Jevans is really interesting regarding details of the lost and stolen funds.

Quote

don't believe the stats that these companies that are doing "blockchain analysis" release. they exaggerate things and most of the times they release fake numbers that don't even make sense.

Totally agree, they tend to do that to somehow let investors or future investors lose faith in blockchain and for them to either sell in panic or not invest instead because of this fake statistics.

Quote

Do you get them returned or in a decentralized system are they lost forever?

can you really prove they were "stolen"?
lets say a transaction goes out of your wallet spending all your funds. can you prove that it was a hacker that stole it or was it you who sold those coins and now want to scam the other party by calling it a hack?
you see the problem here?

You have a point, no one can really prove it was stolen, it is so easy to say the coins were stolen when in reality they spend it all but we don’t have a way to track it because when the funds were spent or transferred you can really trace who transferred it and also cannot trace the real person who made the transfer, what we can only do is give them the benefit of the doubt that it was really stolen.

LogitechMouse

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It depends.

If the one who stole the funds is a thief then don't expect that it will be returned. I didn't see any incident that the thief gave back what he stole. Yes they are some who returned the funds they get but with the help of some authorities but to return them intentionally, I don't think they will do it unless they are stupid thieves.

iMark

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Quote from: Hypnosis00 on August 22, 2019, 06:37:15 PM

Quote from: asajapheth on August 22, 2019, 05:10:28 PM

Base on simple morality, I'd agree that stolen funds should be returned to the owners. With the rate of thefts in the cryptosphere, security agencies would be interested in tracking these funds. Many crypto users do not like the idea of regulation - I don't too, but this is one of the problems regulation tend solve. We don't have to be nonchalant since we haven't lost any funds to these thefts.

I never think such morality exist by now. They steal our funds in a certain purposes and not by returning it over. We can't expect that we can have it back once it lost, nobody could do that.
In a particular reason why they stole our funds just because we let them to get it. How it sad, we can't get them cause of the anonymity we had in this community. We can only trace the transactions but not the person who make it.

Indeed, no body could do that. I had decided the coin that had been stolen and lost would never come back. and the question is who will return all the funds? who is the recipient? can it be tracked who is entitled to receive it? this is a decentralized system, there is no centralized system that can see and track who is tricked and who receipt the funds.

Polar91

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Quote from: Hypnosis00 on August 22, 2019, 06:37:15 PM

Quote from: asajapheth on August 22, 2019, 05:10:28 PM

Base on simple morality, I'd agree that stolen funds should be returned to the owners. With the rate of thefts in the cryptosphere, security agencies would be interested in tracking these funds. Many crypto users do not like the idea of regulation - I don't too, but this is one of the problems regulation tend solve. We don't have to be nonchalant since we haven't lost any funds to these thefts.

I never think such morality exist by now. They steal our funds in a certain purposes and not by returning it over. We can't expect that we can have it back once it lost, nobody could do that.
In a particular reason why they stole our funds just because we let them to get it. How it sad, we can't get them cause of the anonymity we had in this community. We can only trace the transactions but not the person who make it.

That's the problem in crypto, once you've made a mistake then you can't get back what you've loss that's why it's vital for us to know the consenquences of every actions we are doing. I don't think that morality doesn't exists, it does but some people are neglicting their own.

vintages

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You should be asking if the hacker or scammer has the consciousness of returning it back.
Most scammers and hackers are mind harden and when the succeed in hacking an exchange there is mostly no return.
Those stolen coins are most investors life savings and they will do anything to have it back.

Kasabus

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As I believe it also, the problem isn't in our ends but those who stole the funds from us. Scammers never exist if they never scam people and they think that this is a great opportunity for them to make money which people never agreed for this action.
We don't need to expect that we can recover those stolen funds cause surely it never come back to us.

yesyes18

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The actual question you should ask is: why do people steal and that'll further simplify the question lol. Thieves are thieves buddy. Ah well, maybe people may hack just to prove a point and send back the money. Other than that, thieves don't steal si as to return, they because they're thieves and that's what they do. So just be careful in crypto so you don't end up a victim.

drumamat

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Quote from: asajapheth on August 22, 2019, 05:10:28 PM

Base on simple morality, I'd agree that stolen funds should be returned to the owners. With the rate of thefts in the cryptosphere, security agencies would be interested in tracking these funds. Many crypto users do not like the idea of regulation - I don't too, but this is one of the problems regulation tend solve. We don't have to be nonchalant since we haven't lost any funds to these thefts.

What does regulation have to do with it?Even if the regulation happens there are a lot of anonymous coins as well as mixers,with which you can still steal funds.Generally my answer is-Yes, I believe the ability to return the funds (if their transactions can be tracked) must exist.In the version that I described above, this is simply unrealistic.

Oceat

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Once it is stolen there's no taking it back.
What kind of logic do the hackers/scammers have if they will have to return it then after taking it all?
If they want to trade it with some ransom money i don't think it will work both ways since we all know that the government doesn't negotiate with these people.

bitbunnny

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In an ideal world, everything should be returned to its owners, and all scammers should be punished. But, unfortunately, we do not live in an ideal world. In the cryptosphere, the return of stolen funds seems almost impossible. That's the price of anonymity.

It's true, we don't live in ideal world but that doesn't mean we have to give up justice. Everything that is stolen should be returned, that is only right. Yes, anonimity could be an issue but still it's not so big obstacle anymore, transaction could be traced great deal. Also, I think that regulation could also help against illegal crypto activities.

Sharon121212

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If after investigation and stolen funds belongs to someone(that got it true a clean and legal means) then it's right to return it to them.
Fewer are case of stolen funds becoming recovered and those of exchanges stolen funds that get recovered some exchange still do not compensate those who lost their funds

wattcrypto

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I think if we have a proper technology that allows individuals to get their funds returned while protecting individuals privacy that would be an ideal situation. I believe wholeheartedly that is what companies like ciphertrace are trying to provide as a service.

ethereumhunter

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If that person has stolen funds, then I think he has a bad will because he wants to get the money from the illegal things. That is why I think he doesn't want to return to their owner because he wants to use the money for another thing that he wants. But if he gets the money by coincidence, then I think he should be returned to the owner because that is not his money, and it's related to the morale of the person.

joelsamuya

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There is no question that it is just right to return stolen funds (be they digital or fiat) to their real owners and then have the perpetrators prosecuted for the thievery. But then we know the real problems with this scenario: it seems that nobody has the power to get those funds back and yes using technology it is quite possible to locate where those digital funds are located yet it stopped there. This is in fact another big reason why there can be boom of hackers as years go by in the world of cryptocurrency. The prize or money that a successful hacking can get is quite enormous.

Topic: Do you believe stolen funds should be returned to their owner? - page 2. (Read 555 times)