Topic: St. Petersburg police closed scam cryptocurrency exchanger (Read 327 times)

totally agree that preventing crypto crime is very good and can improve the perception that has been built so far that crypto is identical to fraud. So it is indeed necessary to clean up from this practice the apparatus should be able to cooperate. but there is also the problem that not all countries accept and recognize crypto so that if something happens it will collide with the rules and usually cannot be resolved which makes people do bad things to keep doing it again.

Currently, cryptocurrency regulations are being built and developed in several countries. In countries that do not have a cryptocurrency regulation this kind of crime will be more active and harder to handle. The incident has also shown that human exploitation of cryptocurrencies in criminal activities is clear. Preventing crypto-related crime will make the cryptocurrencies ecosystem healthier, cleaner, and change people's perception of this environment.

Scams like this don't just happen in Russia, but in several other countries too. And events like this create a Bitcoin image it looks
even worse, even though illegal activities like the one that happened in St. Louis. Petersburg is not because Bitcoin is bad. But many
people who want instant money through Bitcoin investment. Therefore I don't really blame the scammers, but the victims too not
careful. It is easy to transfer money to unknown accounts, without verification first. A careless person like this should be given a lot of
education and not blame Bitcoin for their losses.

I think so, as there will be incident to happen government will be more have eyes on the industry which they should have done a few years back but now they are handling it with regulation. And as there will be gullible people, fraud and scams will not be over and image of the cryptocurrency will be slowly in mud full of dirt. Believe it or not, even if there is a regulation scammers will easily cope those fences that they fronted.

That has a low chance to happen, the identities of these scammers are alphanumberic addresses, it is hard to track these people with a single clue and obviously scammers know how to get away with it. Scams are all planned.

I just cannot truly believe how the people in Russia fall for an obvious and the most common scamming scheme that most scammers do which is to guise as a banking attendant and asking you to send money into a certain account. Before they do such actions, they must just call up their designated banks to confirm is such actions being asked on the line is legitimate or true most specially if it is coming from a strange number that is introducing himself as a banking accountant. This was duly not a direct assault on cryptocurrencies for the fact that it comes from a fiat bank account and used up the money they have laundered to execute a crypto exchange which is also another scam scheme.

Well, good thing that the police officers have discovered this scam cryptocurrency exchange and have put behind bars some of the members of the group but then at least they have recognized before it have gone too far out of their range. It is just bad that the scamming actions of those individuals are putting the bad impression towards cryptocurrency making it so hard not just for Russia but as well as into other countries to accept and adapt into crypto usage for they think that this is being used as a channel for money laundering activities and will serve no good which in reality people must be blamed for such actions not cryptocurrency.

Unfortunately, this is very much practiced in Russia. People are little told how to behave in such situations.
There are a lot of poor people. It is very easy to cheat them for money.

Maybe the victims should have a reason why they send money to the scammer. They will not send the money without apparent reason, there must be something that the scammers promised. I just don't understand, why there still a people who fall to this scam, receives a call from a stranger and they ask for money to be sent to their bank, even though they offer lots of things that promise they shouldn't take it seriously.

But the fact that this criminals do put up an illegal crypto exchange site, and mix their laundered money and resulted in bitcoin or other crypto, then it make sense that this news will attract or correlated to bitcoin in general. Why it's very surprising though, government agencies are really haunting down those crypto scam artist or criminals, might take a lot of investigative work though through blockchain and cooperation from a lot of sources as well.

I guess there are more of them. I don't think they are the only one operating with such scheme. I hope this kind of scam will be stopped by their authorities. Remember for a time before, if it is a Russian project, somehow expect that it is a possible scam.

With the operations in South Korea like seizing Bithumb, and now in Russia, I hope there will be more coming in the next coming days. We need to eradicate these scammers in the crypto space.

That's great,but do you think that this news have something to do with Bitcoin?
Those scammers can be considered as fiat/bank scammers and not cryptocurrency scammers.The fact that they have created a crypto exchange to launder their stolen fiat money doesn't prove that they are Bitcoin/crypto scammers.Anyway,the Russian police is going a great job,which surprises me sometimes.
Forum threads about fiat scammers should be moved to another sub-forum.

The scam was very obvious, someone impersonating advised them to transfer their money to a bank address and they followed suit. These things are not in the bank's work regulations, they stick to the seven.
The police shutting down this exchange was right because it was operating against the law.

I don't understand how this could happen. Are people really going to exchange large amounts of money in exchanges without work experience? On the same bestchange there is a huge pile of exchangers and all of them are guaranteed by the service itself. There were never any problems, and if there were, sooner or later, the administration helped.

More scammers must be shut down. Never believe in such of scam website in order to lose your funds.
BTC is yes trusted enough, but the exchange of BTC is questionable. It will depend on what exchange you prefer.
After fining new scammers again under arrest, will the scammers stop? Of course not, they will be reasoned and also make himself of taking the truth from everybody there.

Scammers will always scam and do their job even we are still not sure about it.
The clearness of the police to arrest the people can be said as a good market place. But of course, it will depend on you manage and also see the prospects of the coins.

This is happening all over the world, not just in Russia. So this is not surprising.

It's always pleasant to see a state doing its job and protecting citizens by uncovering scams. Even though Russia has a lot of problems, at least the police worked effectively in this case. I'm sure that closing this exchange is just the tip of the iceberg, but scammers and money launderers deserve to be put to trial. Cryptos and crypto exchanges lose their reputation because of such people who use them for their criminal activities. So the more of them get caught, the more common such news become and the clearer the crypto space becomes.

Now there are a lot of services for changing a subscriber number.
Caller ID will show you the bank number. Scammers have called me many times and tried to deceive me. The only way is not to talk to them on the phone and call the bank yourself, and if a huge amount is stored on the account, then it is better to pay an additional one. service of a personal manager.

Now we are seeing More and More Positive move from Authorities against these Fraudster and scammers and this is what The community wants to here
as this will declare their safeties in investing Here in crypto.
Even Hackers are now on track and being Named By US government and Running against them to North Korea though the
doubt is there if this will have Good outcome.

With this one by one action at least we are now taking them little by little and sooner many of them will be afraid in doing such
because they Know that this is a serious matter and they will not be tolerated in any ways.

Both the security systems of banks and the security systems of Bitcoin and its wallets cannot save humanity from its gullibility. And so it does not matter whether they are using fiat or Bitcoin. It does not matter whether they are chained to the old financial system or have embraced the freedom which Bitcoin provides. At the end of the day, whatever currency they are using, if someone they don't even know could easily make a call and coax them to doing and giving what the caller asks, everything will remain the same.

In this regard, I would even think that having only a bank's passbook is a world much safer than having or being your own bank.

That story will happen again in the future, especially for new people who involve in crypto. If they don't learn more about crypto, and how they can store their asset, they will get a scam. It is not just happening in the crypto world, but it also happens in real life, so we need to be careful if we want to invest in something. Make sure we can research before we invest, so at least, we can reduce the risk, and the important is we don't use too big money to invest.

The scammers can convince people by telephone or text message, and that is happening in many countries because people will attract to that thing if they see about "money" inside the conversation.

Well, it was quoted as "persuaded" though. It may seem stupid ( and it really is ) but it only looks like that at this point since we KNOW of what happened already. Persuasion is called that since it has the power to persuade others, through various different means, and honestly, without even knowing what's going to happen, it's really possible for others to get persuaded. Victims are probably people who were on the older side? That, or ignorant ones regarding how scammers do their stuff.

I've had my fair share of fake calls, from saying that my dad went into debt and I need to pay right now or they'll kill my day, from my mom being hit by a car and they called me so that I can transfer hospital funds for payment immediately, I suppose they used similar schemes, taking advantage of their panic possibly.