Topic: is Bitcoin used to extort people? - page 11. (Read 1997 times)
No hacker works for the good except the hacker works for the government or one of the security companies. The hackers make us dizzy with everything they do, only the losses they incur. When they begin to blackmail us should not give what they ask because if we give no guarantee when the money will come they will not do the same.
Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
I don't think so bitcoin really extort people but I also think that somewhere it is been done. And by the way, there is no need to worry about hackers because now we can easily track the bitcoin transactions but I think ransomware attacks have created doubts and fear in everyone's mind that anything is possible to hack in this world. This has been discussed among the government circles for many times and i think we need highly strict and secured laws governing the bitcoin.Let's see how secured the bitcoin will be in coming time.
I think not, but it is the nature of the individual about the mechanism of extortion technique by means of crypto transaction.
I do not know why many people use the excuse that bitcoin is often used for crime or drug deals. in fact, the individual himself is the source of the evil.
Ransomware has aggravated the argument about bitcoin, nothing is impossible. and FIat has been used for crimes such as extortion, illegal trade and other crimes.
we need strict rules and laws.
we need strict rules and laws.
The hackers undermined the network seem to be an organized and premeditated action. Although hackers require that attacked users need to pay bitcoins to unlock hacked files, I think that hackers are actually being used to buy and use bitcoin as an aggressor.
Bitcoin was used by the bad guys.
Bitcoin was used by the bad guys.
Bitcoin is not used to blackmail people, and if there is extortion and charging with bitcoin, it is actually very easy to trace, due to the nature of the decentralized bitcoin.
Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
I think, the point here is to become too strict on how coins are being used especially in tracking where and when it is being used. Such scams should be stopped or else people will lose interest in bitcoin. Strict regulation must be obeserved.
It can indeed happen, which is often done by Sandra at this time, they usually prefer bitcoin as a means of payment may be due to the ease of existing in bitcoin transactions.
who is that sandra youre talkng about? They maybe used bitcoin because bitcoin is fast and anonymous when compared to fiats although fiats can also be used when doing illegal activities such as extortion. Also , criminals prefer to use bitcoin because bitcoin cant be charged back or irreversible after paying someone , not unlike to paypal , payza , payooner or any other payment methods online. Bitcoin doesnt also uses credentials or important infos before or during you make a transaction. Those are few reasons why bitcoin is the best for illegal activities.
Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
This is what i am afraid off but it doesn't discourage me it only made me regretful that a good system is being used to extort people. I hope they can police this people who are doing bad things in crypto world.
It can indeed happen, which is often done by Sandra at this time, they usually prefer bitcoin as a means of payment may be due to the ease of existing in bitcoin transactions.
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Before bitcoin has been popular because of those illegal usage by those shady people, because they think it would be harder for the authority to track their trails, that is also one of the reasons why most people are afraid of using bitcoin, not only because it has been relatively used by illegal means but because of the risks involved. For now tracking down the trails are a bit easy and i think there are not much shady transactions occurring currently compared to then.
The good thing about bitcoin is the technology it uses blockchain. by using this technology it will be very difficult for criminal acts to remove their traces when they commit crimes
Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
It would leave trail? No, because there are bitcoin mixers and privacy coins on exchanges that they can use very easy.
Criminals will always be there. And they will try doing these. I'm convinced that if they receive Bitcoin at least there will be a tinny trail behind. And then again, you got a gun, it’s up on you whether you wanna fight crime with it or kill people. Intention is the main issue.
It's hard to understand. We live in such a world that it is cruel. People are killing each other for money.
Good things are always badly used in the name of humanity. It's hard to understand.
Some are using bitcoins to make money, others are trying to defraud people.
Good things are always badly used in the name of humanity. It's hard to understand.
Some are using bitcoins to make money, others are trying to defraud people.
if the idea that bitcoin is to blackmail the person is wrong, bitcoin is used for working materials, bitcoin is good for use by society and bitcoin will develop in the future.
Bitcoin has a business problem -ransomware. So buying the currency has a form of short- term protection though secured against attacks.
Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
Although wallet address has no name and irreversible, still we can track it through public ledger (blockchain), and then we can used this (https://www.chainalysis.com/), its a software to track bitcoin address to track cyber criminals.
So if the hackers think they are safe, they are not. If government or agencies works and cooperate with other bitcoin tracking software, they can easily caught those hackers. So I think hackers should used more privacy coins and not bitcoin. So at least remains fully anonymous.
It can possible used in that way because blockchain is an open ledger which anyone could look at but I think in any currency it is possible to extort people it would be a case to case basis. Just have extra caution when transacting or using your bitcoins.
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