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Topic: DOGE records increased utilisation in criminal activities, research shows - page 2. (Read 196 times)

hero member
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I don't think it has a direct relationship to the price of the Dodge coin to be used for illegal activities ; In my opinion, the nature of the currency in itself is what makes it a safe haven for anyone who wants to try something that requires a sufficient amount of anonymity and privacy.

Dodge currency is decentralized because there is no central work team working on developing the network. Therefore, it is not possible in any way to freeze balances or addresses, as happens with many other currencies. And it is also difficult to track transfers and addresses on its network, that is, not as happens with Bitcoin, for example, which has many means of tracking transfers on its blockchain network.

Elon Musk exploited him in almost the same way, and it is certain that his choice was deliberate and not arbitrary.

legendary
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Not Doge, but fraudulent humans who commit crimes are increasing in their criminal activities. Criminals can choose to perpetrate their crime with any cryptocurrency, or best of all they use fiat. This is similar to the lie that "bitcoin facilitates crimes and criminal activities".

exactly! so doge, bitcoin or any other crypto coins can be subject to this kind of propaganda. but when you compare it with fiat-related fraudulent activities, i believe the crypto numbers is just a small one. fiat is still the leading market to be used in fraudulent or illegal activities. people are just highlighting the use of crypto in criminal activities, and so the negative notion of the public towards crypto, ignoring the fact that fiat is still the major currency used in this kind of illicit activities.
copper member
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The currency is apparently being used by criminals to facilitate vices such as fraud, scams, Ponzi schemes, terrorism, and the sale of millions of dollars worth of child sexual abuse materials, according to research published by Elliptical Connection on June 22.

According to research, it is said that:
Quote
High-profile crimes facilitated by Dogecoin involve scams, fraud, and Ponzi schemes numbering around 50 cases.

Some of the notable crimes include the Plus Token Ponzi scheme that resulted in the seizure of over $20 million in DOGE by Chinese authorities and the alleged theft of $119 million in Dogecoin linked to a Turkish Ponzi scheme in 2021.


There are many things in the world that can be used for the benefit of human beings. Cryptocurrency is one of them. Just think of the little knife we ​​use to do the necessary work every day, on the other hand, many people are harming people or animals with this same thing, so we can not blame the knife.
copper member
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The thread title and topic is a bit laughable... I don't think any traceable crime could really occur when doge was 15 sats Grin.

But yes as things increase in popularity and price you can expect criminals to try to monopolise off that as well as people who don't understand why something's gone up not caring about where they put it (if they've not mentally realised the gain in actual numbers or don't need it).
hero member
Activity: 854
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Not Doge, but fraudulent humans who commit crimes are increasing in their criminal activities. Criminals can choose to perpetrate their crime with any cryptocurrency, or best of all they use fiat. This is similar to the lie that "bitcoin facilitates crimes and criminal activities".
member
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Quote
“After rising significantly in value and popularity, the meme cryptocurrency Dogecoin (DOGE) now finds greater use in illicit activities”


The currency is apparently being used by criminals to facilitate vices such as fraud, scams, Ponzi schemes, terrorism, and the sale of millions of dollars worth of child sexual abuse materials, according to research published by Elliptical Connection on June 22.

According to research, it is said that:
Quote
High-profile crimes facilitated by Dogecoin involve scams, fraud, and Ponzi schemes numbering around 50 cases.
Some of the notable crimes include the Plus Token Ponzi scheme that resulted in the seizure of over $20 million in DOGE by Chinese authorities and the alleged theft of $119 million in Dogecoin linked to a Turkish Ponzi scheme in 2021.

Breakdown of DOGE usage in crime. Source: Elliptic Connect

Source: https://finbold.com/doge-records-increased-utilisation-in-criminal-activities-research-shows/
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