The biggest Crime in cryptocurrency | Bitcointalksearch.org

annango

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Quote from: annango on May 25, 2019, 11:28:29 AM

Quote from: Rufsilf on May 25, 2019, 06:53:40 AM

Quote from: crwth on April 19, 2019, 09:36:50 AM

I think as long as there are people who are evil and tries to scam and make easy money, they will be innovating all the way. .

That’s right! Whether we like it or not, those evil people are with us and they are doing everything just to steal from other people. Nowadays, scammers are becoming smarter each and everyday and becoming more creative in doing there thing without being noticed by most people. Thus, we should be very careful when handling our coins most especially on the internet because you’ll never know what will happen, you might be shocked one day when you check your coins have been zeroed out.

Actually it depends largely on the development of the whole society that the number of scammers and hackers are going to increase every single day, and definitely their skill and trick have improved a lot compared with the ones before. As can be seen clearly that not only in this tough crypto market, but also in reality life, we get experience lots of frauds that ruin our life. Today's life the panic or concern do not help us keep away from these bad things. But i think we'd better to be optimistic and keep our life moothed, no matter what tough life will be we'd better never give up. If someday our cryto wallet is stolen, let try to find a measure for beginning. Don't give up anyways!

annango

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Quote from: Rufsilf on May 25, 2019, 06:53:40 AM

Quote from: crwth on April 19, 2019, 09:36:50 AM

I think as long as there are people who are evil and tries to scam and make easy money, they will be innovating all the way. .

That’s right! Whether we like it or not, those evil people are with us and they are doing everything just to steal from other people. Nowadays, scammers are becoming smarter each and everyday and becoming more creative in doing there thing without being noticed by most people. Thus, we should be very careful when handling our coins most especially on the internet because you’ll never know what will happen, you might be shocked one day when you check your coins have been zeroed out.

Actually it depends largely on the development of the whole society that the number of scammers and hackers are going to increase every single day, and definitely their skill and trick have improved a lot compared with the ones before. As can be seen clearly that not only in this tough crypto market, but also in reality life, we get experience lots of frauds that ruin our life. Today's life the panic or concern do not help us keep away from these bad things. But personally we'd better to be optimistic and keep our life moothed, no matter what tough life will be we'd better never give up. If someday our cryto wallet is stolen, let try to find a measure for beginning. Don't give up anyways!

angel55

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Quote from: Netnox on May 25, 2019, 09:17:29 AM

Quote from: olamidey on May 25, 2019, 08:03:15 AM

Mt Gox is still a shocker to many. There have been past scams and there will still be Future scams. The major thing is to protect your funds from being hacked. Avoid leaving money on exchanges and don't be greedy. With this, you won't fall for scams.

This is being told ever since the 2014 Mt Gox robbery, but crypto users continue to hold money in exchanges. Dozens of exchanges have got hacked since then. I learnt my lesson after losing my money in a few incidents. But the new users are going to hold their BTC and altcoins in these exchanges, until something really catastrophic hits them.

For a lot of people they are still safer on exchanges than their personal wallets. A lot of people aren't very intelligent when it comes to technology and they can easily have their keys exposed over the internet in a multitude of ways. Just look at the recent electrum attacks that stole millions of dollars from wallet users.

Kensyin

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Cryptocurrency crime is the biggest crime that can occur in cryptocurrency. This is what makes people anxious and worried about being afraid of being hacked victims of losing coins / funds obtained. For that task, we must be very careful in every activity we do.

cointraderr

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Quote from: Kakmakr on April 19, 2019, 07:10:01 AM

The biggest crime in Crypto currencies are the fact that private centralized institutions hijacked the whole experiment and then caused all these problems. Satoshi did not want people to do P2P transactions via 3rd part centralized services, he wanted people to trade 1 on 1.

These centralized services used exploitable code and hackers and thieves quickly realized this and they targeted these vulnerabilities. So Bitcoin was not responsible for these hacks, but rather 3rd party services with weak software. Angry

Can't agree more. All hacks till date are only due to vulnerabilities in 3rd parties like crypto exchanges. If you keep your secret key safe there is no power on earth that can hack your BTC account.

OcTA Bd

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Quote from: Crypto0035 on April 19, 2019, 06:27:22 AM

We've heard exchange getting hacked and millions of dollar worth crypto being stolen.
Last year, Myetherwallet was exposed and hacker penetrated and stole alot.
Scam ICO made away with millions in recent years.
Crypto traders and investors are taking precautions so as to not fall victim. This doesn't guarantee Scam free Crypto space coz right now someone is being scam.

What could be the biggest Crime in cryptocurrency

It's hard to believe for a investors to see his money went away. I think precaution must be taken so that this kind of incidents won't occur again in future.

Johnzky

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Quote from: tegarp90 on April 27, 2019, 12:24:39 PM

Quote from: ubay on April 24, 2019, 02:57:56 AM

To avoid crime in the crypto world is indeed difficult, all depends on ourselves, do not be lured by the lure of ICO investment with a very large profit value, sometimes it is a scam. Keep searching first for where you want to invest in the ICO, track the team behind it.

Yeah it's depends in ourself, but if the security system builded with a great barrier, hackers will not able to steal our account.
So, people are must be more careful, and the security should be improved also

Remember no impossible for hackers as they can even hacked the most secure place in the world in which the Pentagon.so having security is good but hunting the hackers must be more good than blocking them

If we can track this hackers and bring behind bars,for sure our safety will increase and the possibilities of victimizing Wilber lessened

Netnox

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Quote from: olamidey on May 25, 2019, 08:03:15 AM

Mt Gox is still a shocker to many. There have been past scams and there will still be Future scams. The major thing is to protect your funds from being hacked. Avoid leaving money on exchanges and don't be greedy. With this, you won't fall for scams.

This is being told ever since the 2014 Mt Gox robbery, but crypto users continue to hold money in exchanges. Dozens of exchanges have got hacked since then. I learnt my lesson after losing my money in a few incidents. But the new users are going to hold their BTC and altcoins in these exchanges, until something really catastrophic hits them.

olamidey

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Buy, sell and store real cryptocurrencies

Mt Gox is still a shocker to many. There have been past scams and there will still be Future scams. The major thing is to protect your funds from being hacked. Avoid leaving money on exchanges and don't be greedy. With this, you won't fall for scams.

Rufsilf

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Quote from: crwth on April 19, 2019, 09:36:50 AM

I think as long as there are people who are evil and tries to scam and make easy money, they will be innovating all the way. .

That’s right! Whether we like it or not, those evil people are with us and they are doing everything just to steal from other people. Nowadays, scammers are becoming smarter each and everyday and becoming more creative in doing there thing without being noticed by most people. Thus, we should be very careful when handling our coins most especially on the internet because you’ll never know what will happen, you might be shocked one day when you check your coins have been zeroed out.

velive08

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Quote from: Crypto0035 on April 19, 2019, 06:27:22 AM

We've heard exchange getting hacked and millions of dollar worth crypto being stolen.
Last year, Myetherwallet was exposed and hacker penetrated and stole alot.
Scam ICO made away with millions in recent years.
Crypto traders and investors are taking precautions so as to not fall victim. This doesn't guarantee Scam free Crypto space coz right now someone is being scam.

What could be the biggest Crime in cryptocurrency

this includes a crime, hacking is in the category of criminal burglary while the scam is categorized as fraud. if there is a legal entity that can handle this I think it can be resolved and included in the crime in cryptocurrency.

BitBustah

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Nothing will ever top Mt.Gox if you are talking about the amount of bitcoins stolen.

Adriano2010

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I also think the biggest crime on crypto is when exchanges are hacked and a lot of coins are stolen and people lose money, and the second is the scammers who also steal people money. I think this affect the price of crypto and without them we could have now a bigger price.

uray

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Quote from: Crypto0035 on April 19, 2019, 06:27:22 AM

We've heard exchange getting hacked and millions of dollar worth crypto being stolen.
Last year, Myetherwallet was exposed and hacker penetrated and stole alot.
Scam ICO made away with millions in recent years.
Crypto traders and investors are taking precautions so as to not fall victim. This doesn't guarantee Scam free Crypto space coz right now someone is being scam.

What could be the biggest Crime in cryptocurrency

Never invest in any ICO period how elaborate they could explain about how it solves certain problems unless it is from a well known team with reputation, the wallet and exchange hacks are a thing you have to be aware because your coins are not safe with your not storing it in your own private wallet, so the best thing is to move the coins from exchanges after you are done with your trading and if you can take care and follow those then your investments are safe.

Netnox

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Quote from: Beerwizzard on April 19, 2019, 11:37:13 AM

Cryptocurrencies are widely used to sell drugs, guns and porn. There are even marketplaces around the dark web. They are illegal and at the same time pretty popular. I'm sure that internet drug stores have a huge daily volume of BTC that is passing thru them. Those numbers could be even larger than we've seen on those crypto scam reports and at the same time there should be a lot of creepy stories from the dark web where Bitcoin was used as a source of payment.

Large number of these dark markets have closed down recently. And in some cases, those who were running these sites were arrested and put behind bars. But at the same time, there are a number of normal online stores, from where you can purchase drugs such as Oxycodone and Diamorphine without any sort of prescription. And they accept payments in fiat, and not in crypto.

superscommessebitcoin

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Crimes that can be committed in crypto is hacking exchanges and wallets. This is if you do not take into account the fact that with the help of crypto, funds can be transferred for some other crimes.

uneng

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The biggest crime in crypto currency are the fraudsters claiming they are Satoshi Nakamoto. Wink

Besides that, I think it's hard to find the biggest scam. Fact is that there are a lot os scams in crypto currency and only during the first quadrimester of 2019, thefts, scams, and fraud in crypto space reached to 1,2 billion of dollars! That is a lot of money!

BlackFor3st

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Scam and hacks are always there even without the presence of crypto currency. Do you think that banks are safe? How many banks have been hacks already.
Anywhere there is always a threat but what is the most important from it, is that the systems are keep on updating just to fight or at least lessen this kind of activity especially in crypto world.

But if we are going to tackle about ICO's then it is the responsibility of the investors if they will fall a victim to it. They cannot blame someone from their actions therefore it is best that they will research all the necessary information first before investing to any ICO's out there.

sehoon

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Quote from: Crypto0035 on April 19, 2019, 07:25:09 AM

The whole concept of cryptocurrency was decentralization. But when the centralization was brought in. Then the problem begins. Can this be solved tho

Quote from: Kakmakr on April 19, 2019, 07:10:01 AM

The biggest crime in Crypto currencies are the fact that private centralized institutions hijacked the whole experiment and then caused all these problems. Satoshi did not want people to do P2P transactions via 3rd part centralized services, he wanted people to trade 1 on 1.

These centralized services used exploitable code and hackers and thieves quickly realized this and they targeted these vulnerabilities. So Bitcoin was not responsible for these hacks, but rather 3rd party services with weak software. Angry

It can be solved. If only they have better software that could block this kind of things, then we shouldn't have problems even though we have the p2p transactions by the use of 3rd party centralized services. But I would still prefer if people trading in 1 on 1 rather than the p2p thing.

partysaurus

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Quote from: dothebeats on April 19, 2019, 06:50:55 AM

I can think of a lot of things but the infamous Mt. Gox hack was, for me, the biggest crime made in the cryptoworld. Not only does it expose a lot of flaws and vulnerabilities of the then young cryptocurrency but it also projected the dangers of having to entrust one's funds into a centralized exchange/entity. The next in line would have to be Silk Road, which was operated supposedly by Ross Ulbricht, which, again, informed the world about the possible use of bitcoin in the criminal underworld due to its pseudo-anonymity, hard to trace transactions and its overall qualities which is pretty much helpful in remaining anonymous while transacting with other people.

agree with that think no crime has had such a huge impact as mt gox, it pretty much send btc into a bear market for years. it was insane

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