Bitcoin Forum

https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

So bad that this happen and this in my opinion affect the price, i think people never but never should hold large amount on any exchange, if they will withdraw it on their wallet will be more ok, and just send them when they want to trade or to sell. And also who hold good amount of coins should buy a hardware wallet.

In order not to be a victim of the crypto crimes happening in the crypto ecosystem, never keep or save your crypto coins or tokens on any exchange platforms, withdraw everything into your personal crypto wallet. Also, people should avoid joining or visiting sites that seems to promote some kinda free money in the form of crypto airdrops. The crypto space currently is made up people are just concern about cheating others and robbing off their little money.To add to this, keep your wallets protected and do not share your private keys with anybody..

Thanks to the technology in place you can easily keep your funds safely in your private wallets. The exchanges are becoming unsafe as the day goes by. It is really disturbing to hear the huge number of attacks on the exchanges. You must always remember that in crypto, the best security lies in your own hands.

As everyone is already saying, we don't need to trust the exchanges nowadays, even the reputable ones. Who knows, they might be the next victim? And inside job is very much plausible to happen as the human nature of greed for money is always in play.

Not rely to the centralized exchange site and DYOR. A lot of the funds have come from the centralized exchange site that getting hacked or something like that and basically that's bullshit. We should move to the decentralized exchange site and that should be the best thing that we can do now

There is not much that we can do since this is decentralised world, the best thing we could do is increasing other people awareness and how to detect scam, we can decrease the crime by implementing some rules, but when rules and regulation implemented then it will become centralised, but people loves crypto because its decentralised

Keep your PC secure, don't keep money on the exchanges, own your own private keys, do not participate in shitcoin ICO's and you'll be fine. Most of those crimes happened because the victims were dumb or uninformed.

"With great power, comes great responsibility." -Uncle Ben.

Making money from bitcoin was easy for many of us. All you had to do was hodl. Keeping it safe and secure however, takes responsibility. You need to educate yourself about what is good for you. If you get greedy and spend too much in newly created shitcoins,, you are just inviting scammers in.

You can't do anything for the others. There will always be retards around.

If there is a way to stop these hackings then the banks already figured out on how they would stop those hackers and fraudsters. The very solution for this is to start with ourselves through securing our own wallets.

How? use a wallet that keeps your private keys and sto practicing the behavior of putting all of your assets on exchanges.

We are failing to learn from the mistake. Even if we are using blockchain, we are giving more control to humans and centralized softwares which can make mistakes. We have seen dozens of exchange hacked yet we flock to similar exchange. We see a hundred of fake ICO run away with investors money yet we invest without any research just because you saw that on news. This would change but it's taking too much time and it's hurting the future of crypto.

Cryptocurrencies have become much more expensive over the years. Imho there are no bigger thefts than before, the number of coins stolen is probably much less than in the past, just it means more USD.
So it's not really a "getting worse" imho.
However, since the value is rising, thieves will invest much more effort and resources in preparing thefts, meaning that everybody should be much more prepared.


The security measures are clear, for both individuals and companies:
* Hot wallets should contain as possible a small(er) value, the big bucks and whatever is not needed for current use should stay in cold storage, paper wallets, whatever
* Nowadays hardware wallets are not so expensive anymore. If one has usually at least 100s of USD on the hot wallet, receiving and spending 1000s of USD a year from the wallet, should be able to afford 70 USD for a hardware wallet, really.
* Computer / phone holding the wallet should be as safe as possible.
* People should understand that keeping big funds at online services is an invitation to steal from you.
* People should understand that investing in shady businesses just because they can make a colored website is silly.

Conflict of interest but it can work together if there's specific rules where government interventions can comes up and help to decrease crimes while it will remain as a decentralized projects, third party rules that can implement the rulings which can help and protects investors and traders to possible threat of scumbags and those who's taking opportunities in such an illegal manners.

There's should be something that comes up, an idea on how to maintained the anonymity and being decentralized which been love by many.

Secure your wallet, buy hardware wallet if possible, don't click any suspicious link, used 2FA. There's a lot of you can do on your end. If your coins is in the exchange then don't let it sit there specially huge amount. Just withdraw some and left enough funds for your trading activity only.

Also don't forget to update your OS as well, as hackers are known to exploit it. Don't trust anyone online specially asking you for weird stuff specially your private keys.

Such a huge amount of total for theft and fraudulent and scam activities in cryptocurrency. $1.2 billion worth of illegal or crime thing is not a joke, i hope theres a solution to this major problem or else there would be a bad side to happen in cryptocurrency or it would collapse in the time that it is a full of scam thingy and theft crimes.

To minimize this bad event, don't be easily tempted to offer crypto instantly and always remind others. Always be aware and recognize reputation before making a transaction.

However secure crypto may be there will always be scammers. The best we can do is improving awareness so people can get informed and be cautious. A friend of mine was a victime recently. Sadly, victims are either unaware of their scammers tactics or even careless. Having so much worth on any exchange is risky. Store much of your worth in your wallet instead. Also attempting to make free and cheap money from cheap sites is blameable. Let's all be cautious and up to date with information because most times scammers are well advanced than their prey.

There is nothing we can do than wait for proper time that regulation will get approved ,this is the only way to safe innocent victims from scammers but all the same before that time comes newbies should be very careful where they put there money,either exchanges or on projects

People need to stop holding their funds into exchanges for long time and also they need to check the reviews about exchanges if you don't have experience with that exchange before.Maybe regulations from government can stop these fake exchanges but it has many disadvantages for the legit traders so better correct our mistakes by ourselves

I think every day or every monent there are always crypto crime that happens in cryptocurrency world. Even in trading and other crypto related business, there are always fraud activity and scam that happens, even thieves are always finding way to hack someones account just to make money out of it.

It's seems that it's really getting worse, maybe if we should take a more steps of security we can prevent it. One thing to do is don't store any funds to exchange since it's the most vulnerable target of the hackers even though they have a security we can't say that their security is unbreakable.

Second is to carefully study all things just keep in mind that you're always a target by anyone so you'll come to your mind that you should prioritize your security and think always ways to be secured either an escrow or the likes.

Well there is nothing much that we can do because sometimes i smell something fishy especially when it comes to exchange hackings. Just becareful on the sites that you visit and also never store your funds on exchanges.

2 things: demand better security from exchanges, or stop using centralized exchanges that control your coins and lose them.

a big percentage of these "frauds" are from exchange hacks (or so called hacks where the exchange fakes it).  so people have to start demanding the exchange to give them some sort of guarantee that can be pursued legally if they lost their coins. so that this can force them into coming up with stronger security instead of their silly methods that can be hacked this easily.
additionally we all have to eventually move on to decentralized exchanges. we are in a decentralized system after all and we have to have everything decentralized specially altcoin exchanges that don't require fiat nonsense and enforced centralization. it will also provide us with a much better privacy.

I think having proper crypto companies that work on compliance AML like ciphertrace is a good start esp for exchanges. They aren't trying to stear people away from crypto just trying to be more smart

It is impossible to remove these crimes completely. The most talented can accomplish anything in the internet realm. The internet is unlimited. But it is possible to take a little against with the regulations.

Exchanges should take responsibility for hacking and refund their customers as majority of the most reputable exchanges do. Exchanges are not designed for holding your funds there, we should store our assets on wallets, preferably on hard ones.

There are so many behind the scenes, under the hood, viable information that are disclosed to investors, traders and to most of us. These tactics includes exchanges themselves, if they want to steal from us they could do it anytime without us noticing. They could use dummies, hackers and hijackers that are either one of their own doings. It is better to keep away your valuables out of reach for them. That is why we should be trusting anyone at all including exchanges when it includes wealth. This cycle of fraud is just repeating, this should be just be stopped. Starting from us, ourselves, we should take more precautions, double our lines of defenses for us to avoid being a victim of theft. Sometimes we take this matter light and that should be change and we must take it seriously.

We cannot avoid this kind of action as it is part of our community already whether it is crypto currency of fiat, crime is always there.

This happening can be lowered if exchanges will upgrade their securities and scams can be avoid anytime. So what we need is we need to be more careful on what we investing to lessen this kind of happening.

Nothing much can really be done about this for now but just to strictly embrace the original nature of why cryptocurrency was made by satoshi, which is to be for payment, any company that wishes to join the blockchain industry should simply go and work for the money they wishes to use to execute their project as this is becoming too outrageous now.

We investors should not be giving ourselves headaches over these silly projects, we have been surviving before they came in to existence and we will continue to survive, they are the ones that needs our fund, so the good ones should come up with the ideas that flush the crypto currency of bad projects and scammer, IEO is already playing its role, but we need more than that to curtail this.

I think things like this cannot be avoided other than being careful. not only on crypto, but almost all businesses also have crimes in it. however, we must be careful when choosing crypto that we will follow. this has often been done since 2013.

It is really risky if we put all our funds on exchanges or just holding cryptos... we never know that exchange that we use will be the next victim, hackers nowadays are smart how can they break the security?..

It's actually pretty simple, just don't get scammed.
Most scams happen because people are stupid enough to fall for it.

If something looks too good to be true, it's usually a scam.

Don't keep your coins on any sort of wallet on the web, use either a hardware wallet or a secure desktop wallet.

The chance that someone will break into your computer, without you having downloaded any malicious software, is really really small.
Most scams happen because of mistakes that the victim has made.

we will never be finished with criminal and scammer problems
this is a problem that we must overcome together and must be supported by many countries
especially big countries like Europe.
and to deal with hackers, this will always be there at any time because in this industry it is very high value

I don’t keep my cryptocurrency even on top exchanges, all my funds are on a hardware wallet, so I'm not worried about cryptocurrency crimes

On exchange, do not store your coins there simple as that and on ICO do not invest in ICO unless you are 100% sure that this is a real project and they have huge potential but so far after 2017, there is no big or huge ICO right now that worthy to pour your money, gone are the days of Waves Ethereum and some other top coins who has done ICO.

Crypto crimes are kept increasing not only with the exchange hacking but also with the companies who are launching the ICO's. Firstly they seem to very impressive at the beginning of their crowd sales but once they made some good amount of sales then they will start hiding from the community.

Well, basically, there are no reason why people especially, the investors will going to always withdraw their fund on the exchange. On the first place, they need to keep their investment to grow, and for withdrawing it after a profit, they just cut out their opportunity to accumulate more profit. That is why, we couldn't blame the investors but the team behind these.

I think one of the options which we can do is not to keep a large amount of funds in centralized exchange. We know that centralized exchanges are more vulnerable to hacking than decentralized exchanges even though the centralized exchange is popular and has a high level of security.

What we need to do now is to be very careful since we have been hearing this kind of news lately in the Crypto space, this exchanges should learn from what have happened and make sure they provide maximum security for the users of their platform so that this can really work, people are already getting scared of Crypto and we need to show them that Crypto is the best and them leaving Crypto is the worst idea that anyone could actually have at this point in time.

i'll guess it is hard to stop scamming from Exchanges when they have already been a centralized exchange, althought many people try to use Decentralized exchange but we can barely accept it when most of them are slow and high fees, so if we want to stop crimes, we better invest in a well known exchange or an exchange with high and clear security so that we can control our asset more careful than other exchanges.

I think every user should pay more attention to security and be more attentive. As for hacking exchanges, the responsibility lies with the team that manages this exchange.

your money is your own resposibility
nothing we can do again the crime unless we can track and report the person that do scamming to police

There are a lot of opportunities for stopping scammers, the main possibility is compulsory verification in order for investors to understand exactly who they are investing with whom to ask their funds later.

There are many ways to limit the rate of scam but it will be difficult to eradicate it totally. We have our roll to play in this by verifying the project we about to invest on, confirm if the team is real, do enough research for the security of your funds. Most of the scam victim is cause by ignorance and greediness once we can work on all will be well.

seems to have to have a special body that handles crypto crime, because we know that cryto crime is difficult to handle and this is one of the worst for crypto and users. this can prevent the more severe crime of crypto

Maybe it's time to call for full regulation. All cryptocurrency exchanges must be registered with SEC and given licence to operate and any scam or loss of fund, the CEO will be made to face prosecution. Having 10 legitimate cryptocurrency exchanges is better than having 100 unscrupulous scam exchanges

i like that idea and agree with you. I think they should be registered and have AML and KYC compliance standards through cyber security third parties like ciphertrace and identity mind or any other respectable companies

Okay but what with decentralized exchanges like for example IDEX? These exchanges still need to be regulated?

crypto crime is very difficult to track down and almost impossible to find hackers or people who have deceived users

We can save our wallets and not leave money for storage on stock exchanges. But exchanges need to develop multi-stage protection for cryptocurrency. Such statistics have a negative effect on the volatility in the cryptocurrency market.

what can we do if not to enhance security?  The cryto exchanges should work on their security and enhance it simple

Well I think it is good to keep holding and never exchange your fund at this market situation, I know Richter are so many decentralized exchanges but we will have to be careful, scamming is an issue since technology developed but we are aware of it so better never get trapped and hold, when market will be find exchange your fund with well trusted project.

There is actually nothing much we can do to stop them from scamming. But there is tons of stuffs we can do to save/prevent ourselves from getting scammed. First of all, we need to increase security. Remember, the hackers are always one step ahead of us. So we need to constantly monitor everything, have a team dedicated to these security activity.  We must make sure we know how to keep everything we own as much secure as possible. Don't overlook at any possibilities of vulnerability. Just keep in mind that, scams occur everywhere. Even with fiat currency. Its just the media who likes to highlight every negative aspects of crypto currencies.

There's a lot of theft on exchanges, hackings. So sorry for those who lost their assets there. Lots of scam ICOs too. There's nothing we can do about it but doing thorough research on where to trade and invest. As for me, I would rather put my assets in my wallet than leave it on exchange

Unfortunately it is so, but we cannot do something about it, because in my opinion this should be done by major exchanges. They should make hackatons to make our industry more secured for investors that are storing their money there.

I think it is difficult for an ordinary user not to become a victim of theft and fraud.First protect your computer from viruses.Then do not tell anyone or anywhere about your private key.And preferably store it on not a computer.It seems to me the most necessary steps of any owner of cryptocurrency.

I think Cryptocurrencies can be connected in various speculation so there's a major hazard here. then the wrongdoing will never stop still there's a ton that we can do to less the opportunity about trick or hack like precedent utilize high conceivable venture that can truly develop and confided in effectively like bitcoin and a few altcoins like ethereum then more so examine that like how this will truly functions and in the event that you see new sorts of venture here like new ICO,alts/tokens and all the more at that point utilize some cash that you procure or you got in your trusted for venture officially here still examination that

Even in the real world, many choose the way of evil than that of Good. In my own opinion, there's nothing much we the community can do becasue most of these scam, or crime are committed by owners of exchanges while others are due to insiders inside the exchange or community. Lets us be vigilant and know when such act id finishing around the world of cryptocurrency.

Since the aim of this market is to be decentralized the only logical thing to do is to learn how to protect yourself from scammers, I know some investors would like to see a more institutionalized response but if we accept that we are going to lose many of the freedoms afforded by this market, so the only solution is to do your best to avoid being scammed, this means that you will need to avoid investing in almost all icos and to only trust in exchanges with the best reputations but even in that case your coins should be there only long enough to make your trade and then you need to send your coins to a wallet that only you control.

i think regulation is required to stop the hoodlums from running away with innocent souls money, i think there should be a body that new ico or ieo must register physically with before they can go on with any fundraising.

New investors should know the basic knowledge of securing their cryptocurrency and never ever put those cryptocurrencies in any exchanges. While most exchanges these days are getting hacked slowly, i think it's time for those owners of the exchanges to start working hard about of their security if they don't want to get easily hack.

I wonder how did Binance manage to wipe all of the hackers on their exchanges, most exchanges should follow what these top exchanges are doing.

There several ways we can try to avoid this scam, but until the best comes in, which is regulation, we have to act by ourselves by carrying out personal research before investing into a project and at the same time before using an exchange.
There are lots of exchanges these days that are being lunched, which means we have to be more careful. Not only with the new exchanges, but also with the old ones.

Regulation is going to have to be administered somewhere especially in exchanges with fiat currencies. I think that if they hire cyber security firms that understand and are pro-crypto then it saves a lot of  people's asses

Anonymity of crypto is proving to be a major problem in addressing the lots of crypto related crimes since you can hardly trace transactions on the blockchain to a real person.

is the data valid? if so then it is a very surprising fact, I know this is a very large number even though the scale is also large, it really harms the world and if this is not immediately corrected the crypto impression in the eyes of the world will get worse, there will be many the more rejecting and crypto will make crypto be further from its original function or purpose, which is to be the currency that we can use as payments everywhere

Transactions can be traced but its hard to know the real owner of the wallet, maybe this is why KYC is invented. The crime everyday is increasing, and this market is also a place to commit a crime, it can be prevented if there’s a regulating body and have a good system to keep this market better.

Its really bad because happen in new market like cryptocurrency. If this continuing happen, i think investor could loss their trust on crypto market. New investor should make research first before make investment and its much better to store our coin or token in our own wallet because hackers always want to hack exchanger

several months ago since we heard many exchanges hacked , investors prefer take their money from this market although they getting lot of loss.and exchanges now improve their security level by adding new feature to prevent illegal login.and now its look like shows good improvement.

Keeping the coin in your wallet is of course the safest, but if you want to sell coins you still have to use exchanges because that's where you need liquidity in this market. I think anything can happen to your property and cannot say anything because this market is very risky and we must check carefully when receiving or sending. I personally recommend choosing a hard wallet to ensure the best asset if you have long-term investment needs

What are your thoughts on money laundering? Can that still happen outside of exchanges? 

It is very easy to say DYOR when you and I both know that it is not so easy to do, when we say DYOR, what exactly do we always imagine? How else will they do research other than simply basing their judgment on whitepaper, and if  they succeed in communicating with the project team that would have even given them the assurance that they are on the right path, it is not a guarantee that they will still not be scammed.

Scammers nowadays do not have to run  away with your money to get you scam, they come up with great projects and even get listed, but use the strategy of dumping the coins of these fake project don the market , so that people will eventually forget about it.

This is worst scenario. How investors can attract to invest at bitcoin if that huge number of crime will happen. I think the solution of this problem is regularization and legalization to make some law to punish the crime performer. But I think this will be a long process so while it is not yet implemented you should not invest and not hold too large amount of crypto on your account or wallet.

I think we should be more careful and do more research for reduce crime in cryptocurrency. We should do research about the projects we want to invest and the team members of those projects. In addition, we need to prefer the safely exchanhes to trade. And most importantly, we should not share the private keys of our own wallets on any platform.

I don't think it is anywhere close to the crime rate in the real. world.

We should all use decentralized platforms/blockchains more If we want to avod this kind of crime in crypto world

Regulations will help the investors to prevent being scammed, there's a lots of cases already where scammers dominates and steal people's money,
with good intentions regulations will help giving some breathing for investors who's afraid losing their money.

These are challenging times for the whole crypto industry and almost everybody are feeling insecure over his/her coin holdings but one thing I would say is that we should arm ourselves with knowledge that will prevent us from being a victim of any type of crypto related crime because by being knowledgeable on anything and everything about crypto and crypto security, I think we could combat this kinds of ill motivated schemes in our own way.

Besides high of volatility the theft also another risk investment on crypto but nothing we can do besides more carefull to protect our assets but as the most lost were come from exchange which some of them were got hacked then starting now we have to save our asset not 100% to the exchange again to avoid these happend again and keep it privately to minimize the thefts aiming us

I think we are learning how to handle a new era of transacting. We are lucky to have compliance companies like ciphertrace to help provide these statistics whether they are helping the larger issues at hand or not. At least we can see what needs to be done

There is not much I can do, if the Exchange problem is hit by robbery, in my opinion it is the duty of the Exchange to improve the quality of security. and if the problem comes from a scam project, then we have to be more careful when promoting the project, because some investors participate because they are affected by the ads brought by bounty Hunter (Campaign).

Cryptocurrency is developing every day.  Of course she will be better.  I believe that every day she is getting closer to us.  And it can not please me.

First of all the only best option we should always keep in mind is to be careful and trust less people as much as possible or trust no one if you wish. With that, you will seriously get yourself protected from these scammers. Moreover, as for the exchanges. I mostly don't believe their hack stories sinve majority of them pull exit scam pkans to leave when they're out of money.

yes there is no need to trust anyone here because it will make you dangerous, and you have to believe in yourself, if you doubt you should explore the truth as much as possible.
people who look good aren't necessarily good so don't trust him too much, now a lot of frauds occur so you are careful because many projects cause failure.

Since the biggest losses are from the exchanges and crypto only gaining interest under newcomers it will getting worse if a crime happens on those platforms. Educating on the risks involved and keep repeating. If you dont own the private key it isnt yours.

So you're in support of regulating the markets? Crimes do happen on regulated markets as well and regulating doesn't mean there will be no unregulated exchanges for scammers to use.

People should prevent the crimes from happening by ignoring shady projects . Greed and laziness is what helps scammers not KYC or the government.

We should not hold our funds on exchanges just when we are trading.
Hardware wallets are the safest place to store our holding.
We should be careful with phishing sites not to be trapped by them.

As crypto enthusiasts, I believe it is our duty to inform and acquaint others especially for those people that are new on the crypto industry on the pitfalls and dangers of being complacent. We should share ideas and techniques that could help us avoid being a victim of such crimes and strive altogether to become more strong and coherent community to fight those threats to our security.

This is really frustrating. In think the best way we can contribute in tackling this issue is by making sure large amount of your assets are offline or in our private wallets. We should stop trusting exchanges to secure our funds, let's assume security of that, I believe this will reduce unwarranted losses.

And that's just because it happened to crypto doesn't mean that it not happening elsewhere outside crypto, scammers are large in numbers in some people pretend to be real for sometimes so as to get you closer and then dupe you, we'll just need a careful jersey to put on to avoid being a victim.

Its true that scammers happen in any market but crypto market still new market. If many scammers in crypto, people will think cryptocurrency is a scam market and not a legit investment. I think government should protect their citizen investment by issuing regulation to prevent more scammers

What can we do? We can just partially protect ourselves and hope that the big cryptocurrency players will find solutions to this problem.

Yes you are right, it is getting worst every new day.. As far as i know the cryptocurrency scams caused more than 1 billion of dollar in last 3 years and this is something terrible because we all could get scam in this world and this is making big lack of confidence. We need to be very careful, unfortunately we need to stop invest to an ICO projects and we should need to only use the best exchanges..

We will not be able to change this situation at the moment. It is important to understand that any exchange can deceive its community. The best option is to popularize the founders of all exchanges and then we will not have scams. But the problem with hacking wallets will remain as a lot of inattentive people come across fake sites.

We need to write a petition to integrate the KYC procedure for developers, because otherwise nothing good will just work out. You understand that if people wanted they would already take responsibility for it.

Cryptocurrency players, who are the crypto players? We are, just that some are bigger than us and if we think of leaving it in the hands of big crypto players, we will remain in this situation for long because some of these players are the ones behind these crimes we are talking about.

They are the real perpetrators, because they have the money to create scam ICOS, they have the money to manipulate the market and take from the poor by panicking them. SO we don’t need players, we need ourselves and genuine cryptocurrency users for the ICO space to be clean, imagine that big companies that are well known comes up with their ICO, people will shift attention from these little unknown ones to them.

What we can do is practice better security by using 2FA on exchanges, removing funds from exchanges, using hardware wallets, using antivirus programs, and avoiding phishing scams. Hardware wallets are especially important for those with significant amounts of cryptocurrencies.

While I agree that we have a responsibility to spread our knowledge and help newbies to understand the risks inherent to this market the truth is that most of those newbies only begin to look for that information after they got scammed and by then it is too late, then they blame others for their losses when they are the ones that invested in something they did not really understand and did not took the necessary precautions to avoid losing their money.

The crypto world now where involved a big money and almost absent any legal regulatory is a paradise for different scamers and criminals. Most often they have possibility to make their crimes  easy because of victims carefree and reckless behavior. You have to remember nobody protects you but yourself. You should be very careful to protect your funds.

Hacking in crypto can be likened to robbery of banks. If its not possible for banks to stop robbery then I don't think its possible for exchanges to stop hackers from stealing funds. Exchanges just have to explore more ways to secure fund but the truth is that hackers can't be stopped.

Is there anything we can do when there's no measure in place which will force people to be accountable. We are in a trustless society and everyone must be careful not to fall into antics of scammers because as for now, the system can't protect you from such.

Hacking exchanges is the most profitable way to enrich, as you see even top exchanges keep getting hacked, so stay away from centralized exchanges.

This happens very often, especially lately, because there are a lot of cheaters on the market who are now starting to do very bad things and people just stopped believing in the world of cryptocurrency. Today it is very well felt.

I really hope people don't stop believing in crypto. I do think there will always be bad actors but having security firms like ciphertrace the one mentioned by the report could help catch these sort of actions before they play out. It might also trigger a stronger security that is necessary for crypto companies.

The only thing to keep scam and increasing crime in crypto in check is proper regulations. If there are bodies to actually see to some key areas like ICOs and operations of exchanges, I believe the crime will reduce.

Not mention that Binance just been hacked about 7000 btc !
Hackers and scammers are keep searching their prey in cryptocurrency whales.
Scam ICO's were many back then, and IEO is created to be a solution to avoid the fraud projects.
I think we should keep using our crypto wallet with caution, so we don't take a wrong action.

I couldn't have said it better.

Crime will always be there, no matter how hard the regulations are. Unfortunately, it affects mostly the average joes.

I'm not surprised. After the booming of ICO in 2018, so many scam happened because of it and today, 2019, it's still the same. So many scams and even more. What we need to do is spread the news to other people to not easily invest or buy some tokens randomly. Talk to them there are many scams out there.

Many are never going to listen because they are blinded by greed, when they see the profits the early adopters of bitcoin got they imagine that if they can find the next bitcoin they can get the same riches they got, people like us know that it is impossible and while a few selected alts can give great profits identifying which one will do it among the thousands of coins created every year depends on an incredible amount of knowledge or luck, something that most people do not have.

Crimes has continue to increase in crypto, just last week Binance was hacked which has left a lot to worry about in the wake. If Binance could be hacked, it goes to show how vulnerable we can be and the amount of effort scammers put in to perpetuate their crime.

Well, crypto currency exchange company should try as much as possible to increase the security of their site in other in other to reduce attempt of been hack by hackers and by doing that the will protect the individuals who owns crypto currency on their site.

So bad to hear, but sincerely hacking will continue to exist. All we need to do is to be extra careful with how we manage and store our funds on these exchange wallets. Don't keep all your fortunes in one wallet, try as much to spread them to save you from such misfortunes.

I think this is a lesson to be learned by everyone. Exchanges need to implement better compliance through third party companies to help with tracking like they did with Ciphertrace. Companies need to be more aware of their flaws and just general UX. We need to have a better way to teach people how to transact, store and educate others.

Just like crypto doesn't work without community we need to learn together as a community.

I hate regulation but it seems for us to move forward there should be some sector in the cryptocurrency that needs regulation, there is already regulation in exchanges, those that are in a centralized exchange, but I think ICO mess is something that should be addressed to stop this pain in the ass that hurts us all.

And people should understand that its part of their assignment to look for more secure exchange and only trade there and not use it as a wallet for storing their coins.

Fraud and theft in cryptocurrency have become one of the biggest problems and threats to the existence of cryptocurrency. And this is largely due to the fact that the cryptocurrency is still very weakly regulated by the states. Scammers and hackers use this. In addition, the relative anonymity of the cryptocurrency, its use through the Internet, which allows criminals to be anywhere in the world and be elusive, as well as large sums of money that pass through the cryptocurrency contribute to this situation.
In any case, the legalization of cryptocurrency by states and its regulation by authorized state bodies can significantly improve the situation.

There is nothing anyone can do about these hacks ,I just hop that top exchanges will learn lessons and always not relying on there present security ,they should always upgrade their security to keep off hackers

well, we can't control the human heart, when they want to cheat others, it's hard to stop. the thing we need to do is be careful, and give the right information to people when we find one of them.

Nothing can be done friend ,even with full regulations there will always be hacks since hackers are always anonymous ,its left for exchanges to wisen up,they are the ones taking huge responsibility for traders funds and they should be the ones trying to bring better security to there platform

A repetitive question deserve a repetitive answer...
What we need to prevent fraud is always a regulation. Bitcoin itself doesn't need a regulation because it's not used to build a business. Most frauds came from Ethereum as everyone can easily build a business on top of it. Regarding hack issue, I think we just need time.. give hackers time to move their funds then we can trace it from upstream to the downstream.

They needed to keep being updated from time to time as hackers are doing their best to go in and penetrate to get some funds inside any exchange, if they seen opportunities they will not let that to be missed, there's always chance for them and this should what the exchange or also every crypto holders
to take care, secure your assets away from the hackers.

With so many people in crypto currency; it’s hard to reduce crypto scam
Because there will always be eager newbies as well as eager scammer

Which is why it is repeated always that all should dyor

Nothing depends from us, the most important thing for us is when we want to invest our money in some kind of new project, we have to completely study any company from scratch in order to protect ourselves and hope for the best, while the government will be engaged in fraudsters.

That's no problem for people when keep it balance on the right place. This news for warning us to be carefull with what you has invested only. still crime aren't affected for people to buy some crypto when they belived the future.

Right when we are in control of our funds we don't have to worry about exchange hacks so people have to learn from binance hacks and move their funds to wallet like trezor or atleast to electrum.

It's so hard do deal with it. There's a bunch of scams and thieves out there. I guess being decentralised comes with this problem. And I also think that it cause a lot to the price change of a currency. In the end, we are the ones who needs to be responsible for our own security. Being aware on everything before putting anything else. Maybe in the future we can have the righteous site and bring those scammers down. In order for us to help the others from being a victim, we have to share our experiences so that they can also be aware and prevent the worst case happening.

Actually we can warn people and investors to not invest on that kind of project. Spread the news to not invest into some project blindly without checking. Crypto crime is become worse since ICO become mainstream in 2018 and that's why there only a few project that can success.

Agree that we can alert and propagate to people about bad projects in the market but it is still not enough to help people get rid of these projects and criminals because similar projects are too much, we are not saints, we cannot update all projects, especially criminals who are becoming smarter. So, in this situation, I can only say that investors should be more careful, check everything that the project provides, if we have any doubts, stop immediately joining, for assets stored in the wallet, we should optimize security if possible, small mistakes can still make big mistakes

And the longer this goes, i'm pretty sure that these crimes, especially for security, will become more advanced. Good thing is that security measures are also being updated but it doesn't mean that wr can't do anything ourselves. Just be vigilant. For ourselves and for the community. It won't hurt if we report shady projects or post them in threads and discussions.

I am sure developers are already aware of this and are putting in all the security measures to ensure that hackers are not able to gain access to exchange platforms and steal the monies of users. However we as individuals also need to advise ourselves and educate friends and families to stay safe when surfing the internet to prevent being phished. I am sure if we put all these in place the number of scams are going to reduce drastically.

We should not do anything. Just we can be aware and have crypto knowledge. Becoming aware of scammers and hackers can reduce some amount of such incidents. For example, if you becomes aware of it, you can protect your savings or portfolios by placing extra cautions. We on the other hand can share our views about it on social media and help others become aware as well.

There are crimes on other financial sectors that I know, I recently read an article which explained more on that and why they shouldn't make crypto theft look so serious. They can see all this data because of the transparency in crypto.

While that is common sense you are relying in the security of a third party to protect your coins and my question is, wasn't the goal of cryptocurrencies to avoid that? Any business that is holding your money for you and protecting it on your behalf is a bank regardless of the name of the business, so if you want to be 100% sure that your coins are protected then you need to do that yourself otherwise we are going to have the same problems we had with banks in the market of cryptocurrencies.

Honestly, I don't think we can do much about this other then put pressure on exchanges and online wallets to upragde their security levels. Hackers are everywhere and you gotta be sure they are not getting away easy because they know they have the advantage since they are the ones who are stealing from exchanges because of their bad security.

As Bitcoin goes mainstream hackers and criminals are always trying to make a living from cryptocurrency market. They will target exchanges, wallets, blockchains. Finding vulnerability and exploits that they can use for their hacking.

What we can do is to secure our wallet in a offline cold storage to make sure its out of reach from different cyber theft.

Its getting rampant and millions are always lost. The current trend is the hack that is happening to most exchange platforms. No where is safe so lets try to be careful with our choices and decisions when it comes to where we store our monies.

Yes, when the market reaches more users automatically the growth will be massive same will be the increase in number of hackers as well as criminal activities. When something is lost at times we were unable to contact or complain to the cyber security team in countries where cryptocurrency is illegal which is an added issue.

Everything has been proven today despite the hacked case to 7000 BTC, but the market is still in a bull run. It continues like that even when Binance completes maintenance

Majority of them scammers are becoming experts in what they do, lol, they are becoming pretty bad and I have seen one scam project that was able to cloth themselves as the good guy and it was difficult for the investors to tell they were scammers and by the time they discovered that they are scammers it was very late, by then they have ripped everyone off a lot of money and they made off with it.

People has been asking this same question on how scammers can be stopped and no one has been able to give an answer to that and some say that the solution is allowing government to take over.

Yes we can avoid this scam to happen by doing some necessary precaution before we venture or invest in any particular crypto-currency base investment specially ICO's and because the trend is changing from the ICO's to IEO im sure those scambugs are finding another way how to scam the investors again. thats why invest wisely on IEO that offered by trusted and legitimate exchange.

There are two ways, first, we must educate ourselves, so we'll know when and what to invest and what we are looking for a coin to invest, second it's time we need some regulation if we are to move forward and people will not be leaving cryptocurrency because they have been scam

We can not avoid but to minimize the consequences By any means,the time we are discuss on how to prevent them, scammers also think of the new stricks to come with good example Binance Hack the method used it was the first time to be done just we have to take care at every point in an Online Business Especially in Cryptocurrency

Cryptocurrency has not been the only place or institution that have experience hacks and money thefts. Many banks and some other financial institutions have lost way more than what crypto has to theft and hacks.

I think government intervention will mean a lot, although that is if cryptocurrency is still decentralized, atleast to maintain its sole purpose and vitality.
What i am saying invariably is if those exchanges can be fully registered with the government and every necessary document submitted in order to curtail any future occurrence of theft, the better.
Then all projects should also be under a regulatory body to avoid scam.

Fraudulent activities continue to increase at an alarming rate in the cryptocurrency market. Investors are made to bleed by investing in fake ICOs. It's time we accept some level of regulations especially in the ICO market. These regulations will help curb this fraudulent activities as scammers will not be able to get approval for their projects and investors can safely invest in any ICO of their choice knowing that their investments is secured.

Not only ICO's and Scam Crypto MN projects.

Exchange closing down due to hack story and exit scam is the worst crime can every happen in the whole cryptocurrency market and the worst part is The owners, founders of these exchange hardly go to jail. Perfect example is cryptopia exchange, You can clearly see how they duped their users in believing they will comeback in full

We can only increase the sense of awareness and is a lot to learn from the mistakes and also do not forget to remind each other closest friends about the concern of our asset. More higher value of the crypto then it will be more and more ways that people do to commit a crime because the human brain is also growing.

Regulations should be improved to make security even more restrictive. Security should be improved to protect investors. These investors are the ones who invest so your project can thrive. If such would be many people are harmed. Always be vigilant and more cautious about investing.

If a billion dollar company like Binance can't keep thieves out of their wallets, it raises alot of questions about what anyone else can do.

I'd say we need solid DEX, cold storage and hardware wallets, and proper insurance for companies that run exchanges or generally have crypto stored online. Security needs to be number one priority.

There are DEX's platform but none of them are truly decentralized. What we need now is strong enforcement against Scam Tactics of Exchange platforms. Exchange Industry should be highly regulated and properly insured. So in case of hack all users are somewhat secured on their deposit and holdings.

While it's totally difficult to remove all our trading fund from exchange because of some calls that need to executed. We must endeavor to use reputable exchanges and leave just limited fund in exchanges, let's learn to use our private wallets and avoid HYIP ICOs and IEOs.

Just like what most people keep saying, Only deposit money on exchange that you can afford to lose. Once we deposit our money to exchange its consider as a high risk thing to do. Specially most exchange are vulnerable to hacking sooner or later.

Everyone thought that binance was on top of its security measure but still their exchange got hack.

security will continue to grow, we can keep up with existing technological developments, as well as security systems from exchange, they must continue to develop to cover existing shortcomings. because hacking the sub-system of technology has become very possible and easy to happen now.

indeed, we already know that we have a good list of exchanges and reputable exchanges so we can choose them to trade and we don't have to use all of the funds to trade. maybe, we can spread the funds into exchanges and our wallet so if we sell the coin in the exchange, and we still have another amount as the investment type.

spreading assets that we have in several wallets is a great way to secure the assets we have. I also do that. but to save assets in exchange I don't think so, because it's very risky. some exchanges are already very safe, but you must have heard that an exchange of binary can also be hacked, it worries me about my assets in exchange.

Hacking and theft has been in existence for quite a very lomg time. Bank has been hacked time without number these is not pertaining to cryptocurrency only, i don't think can be eradicated but reduce to minimal.

In this climate its essential to use the best security measures possible including trading on transparent and reputable exchanges with strong security features and good customer feedback, ensuring your coins are stored safely in cold storage or on a hardware device, and making sure you check each website for authenticity and be wary of phishing attempts and malware each time you access any important services

I think so, the problem is that there are many worthless and shitprojects that are circulating in the market, and investor who cannot distinguish them become victims. we need like a third party or regulator, where filtering projects, and listed them which are recommended with strict conditions, so investors can choose quality projects

All together not to be a casualty of the crypto violations occurring in the crypto environment, never keep or spare your crypto coins or tokens on any trade stages, pull back everything into your own crypto wallet. Likewise, individuals ought to abstain from joining or visiting locales that appears to advance some kinda free cash as crypto airdrops. The crypto space presently is made up individuals are simply worry about tricking others and burglarizing off their little money.To add to this, keep your wallets ensured and don't share your private keys with anyone..

I think such crimes have become commonplace. it's just that every incident will definitely cause a reaction. well, theft, hacking, fraud, have become things that have always existed. learn what has happened in the past, and do it carefully. it is done so that we avoid fraud.

It's up to the exchanges to bullet proof their systems and to us to stop using them as wallets. They are only for trading on and not to be used to store coins, even binance is not safu

That binance hacked incident really wake me up though. No exchange that really safe from hacker, always be careful about your money on exchanges site and always be careful in this online world especially cryptocurrency. So many hackers and bad people in crypto world, so be careful folks.

nowadays, some bounty program changing allocation rewards right after the program finished, i think thats a crypto crime too right, they want to get free promotions from hunters help.

The truth is that online wallets and exchanges already have all the incentives to implement the best security they can since not doing so will lead them to getting hacked frequently and eventually they will lose the trust of cryptocurrency holders, so trying to pressure them to improve their security will not work, if you really want to secure your coins you have no other option but to secure your coins yourself, without a doubt this is hard but the consequences of not doing it are so bad that we do not really have a choice.

I don't there's any we can do now to bring most of tbose scammers to book because there's no comprehensive laws that could monitor everyone actions and inactions in the industry. The only thing individual can do is to learn to protect himself in order not to be a victim of bad actors.

I believe that we will not affect this.  Because it is not a question of our level.  We can only pinch ourselves and our wallet.  As for me, this needs to be easier.  This is a normal situation on the Internet.

The crypto space to be regulated by whom? Is it governments that are still yet to decide on how they will benefit from the blockchain technology?Because right now, all they see is a system that has come to limit their control over the finances of people.

Government are the only ones that can regulate crypto now that will make this scam to reduce a lot and for necessary law enforcement agencies to perform their duty, but instead of regulating it, all I just see is each countries beginning to create their own coin, which I have already seen the first move from china through a news that I read on this forum this morning and still yet to know if it’s true or not.

For crypto the security is very important. We need projects which will address this issue and
regain the trust of investors who lost their assets by hacking and fraud.

The same method the third party will use to distinguish this projects is the same method we can also use too, provided those projects are being run on decentralized system, there is no physical method that can be use like the way IPO and STO is being ran, at least those one must have a physical location where government can directly verify their existence before approving, but for a decentralized system, I think the only method is just doing thorough research on them over the internet.

Moreover, we already have this being regulated internally, that is why we have exchanges who has taken it upon themselves to regulate it by coming up with IEO platform, so I think we investors should just focus on investing more on IEO projects for now.

Just as security measures are strengthening with the passage of time the technologies are growing, the hackers are also getting sharp in hijacking any possible technology. We recently saw the hacking activity that happened to Binance with the loss of about 7000+ BTC. Same as other leading exchanges could also be the next target of hackers. We need much more energetic and efficient anti-hackers who are able enough to fight with these threats.

This regrettable occurrences can be reduced but not totally eradicated. Why this is because this is an entity involving the transaction of money.. Thus, there definitely are some lazy jerks out there looking to pounce on the sweat of industrious people phishing them of their funds..painful

Strongly agreed, crypto crime is indeed difficult to eradicate and if it is to be reduced it will obviously be possible, but I also wonder why people want to commit crimes in crypto, even though crypto containers can be used to collect money together.

Keep as much of you crypto out of exchanges and into the blockchain as you can. Exchanges are full of scammers at all levels

Be careful of holding a large amount of coins or tokens on any exchanges. I have had some problems for example with the coinbene exchange some weeks ago. It is better to hold your investments in your personal wallet.

After Binance hack and idea of Bitcoin reorg, I am a little bit scared.
Where are the unhackable irreversible transactions? How can I know that my transaction will not be reversed?

The question is why are centralized banks not getting much attack as cryptocurrency exchanges. Maybe exchanges encourage it in one way or another. I propose a body should hold kyc for exchange operators and fully monitor their activities while mandating them to create trust funds

I am not sure what you mean by that, i understand that you are requesting everyone to move the coins out of exchanges but how do you put all the coins in the blockchain, what you really mean by that with a high ranking account like yours  ::). Exchanges are not filled with scammers and if that is the case no one will be using those exchanges, if you have any specific experience, why not start a scam accusation thread against them  :-\.

Hacking would be always there many are still willing to exploit vulnerabilities and its the downside of crypto where funds are loosely regulated, owners are hard to track, there's already lots of measure to keep funds locked but still its unpleasant for people knowing they are always with risks. I guess its a healthy grow for people to stabilize the ecosystem through pain lessons. Nobody wants to be a victim. Keep funds safe from exchange wallets when idle, keep all the securities measures on. Developers work harder to secure loopholes. Determent is the only way for true decentralization

 Is it necessary? In any sphere there are scammers and vultures and completely eradicate them from one or another sphere - it is impossible.

Crime and theft increase as the target increases in value. I think it's inevitable that as crypto price go up, more people will try to scam and thieve, and these scams and hacks will become increasingly sophisticated. I think government regulation, although unwelcome in some respects, will be important in combatting this sort of thing. IEOs will also help to weed out some of the scam ICOs.

you are right, there should be regulations from the government that limit the existence of new projects. it makes every new project that will conduct ICO or IEO sales must have approval from the government. it will reduce the project scam.

That's a lot of money.. Crime will always happen in the crypto world, I think tighter regulation is the answer and one more thing is from ourselves must be more careful in dealing with crime

As long as he can hold the right coins in a large amount, then he doesn't have to worried about anything.
But if he holds the wrong coin, then it will be a problem for him because he will not know when he can sell the coin and how much profit he can take.
When he holds the right coin like bitcoin, ethereum, litecoin or another coin, he can predict to make a bigger profit in the future, especially if he can hold much of bitcoin.
We could still follow the crypto and still trying to prevent and stay away from the illegal things, so we don't have to get any problem like other people.

Arranging permits is important. every company that intends to undertake an investment program is obliged to obtain permission from a regulator. this is a step to prevent fraud that will occur later. so investors became convinced because of a permit from a regulator

Regulation is going to have to be administered somewhere especially in exchanges with fiat currencies. I think that if they hire cyber security firms that understand and are pro-crypto then it saves a lot of  people's asses

There will always be people who will try to steal but if we are able to stop it before the domino effect happens I think this will be huge for the entire community. We need cyber security firms that are able to look at the entire system from a birds eye view so we can take out those bad actors faster

The problem is in engineers designing security systems. they need to be smarter and always have backup plans for attacks. when BNB was hacked nearly $ 40 million, CZ said it was due to the seminars, they said their security system. Since then, hackers can easily access exchange. Therefore, the following should be careful about disclosing their security system. because hackers are a lot now.

This not includes the Binance exchange scamming right?since it happened in Q2 .

But still that’s a huge amount just for three months of victimizing..and if added this another months for sure this will double the amount

This is part of the market growth,the criminals are eager to have a piece of cake from the profit we gain

Crypto exchange is very vulnerable to hacking efforts because there is a lot of money in it. Personally, I prefer to choose a personal wallet as a place to store my assets instead of keeping it in an exchange and that is certainly the first step in not being a victim. Exchange site owners should continue to try to think of the best way to stop or minimize the hacking efforts. It is truly unfortunate to see the fact that one event ( exchange being hacked ) isn't able to become a lesson and similar events still occur!

Crypto crimes as been happening a long time ago. I can still remember in 2017 where we heard about a lot of projects turning out to be huge scams. But nowadays we see more of hacks and people impersonating Devs from project just to scam. We need to create awareness to crypto users on various ways to Identify on various scam methods that are used by this and how to keep ourselves safe from being a victim.

We have a lot to do and achieve together when it comes to exposing scam projects ad scammers in general.
Some people are into aiding and abetting the works of scammers, by not exposing them whenever they come across one.
These set of people have reaped a lot of their hard earned money and have put them into sorrowful moments. This needs to stop.

Those crimes are getting worse that is true specially the scam so we need to be careful in what we are doing in cryptocurrency especially in investing because if we dont invest in those scam projects no can be victimized by them so investors invest only in legit projects like Dencoin tokens that is now running a ico that you csn buy tokens from them.

it depends on us, if we can choose the right and maybe we will not get fraud.
the Cryptocurrency market is improving and this is a good start for market growth so this is your chance to get big profits.
keep up to date and always optimistic if you can get big profits, Crypto will not always be bad.

keeping an update in market about any news will help us to avoid crime in market.we need to spend more time to learn and observe about it.cryptomarket give us huge chance to earn money with several ways, and its used by bad guys by hacking or create fake ico.

Banks are attacked all the time but there are 3 reasons why you do not hear about this, first of all they control the media so there are not many stories about it, second the banking industry is many times bigger than the market of cryptocurrencies so they have more money to spare in security and third even if hackers found a way to steal from banks they will still need a way to cash out that money before banks can revert all of those transactions, something that is not easy to do.

To teach people the standard rules of using the computer and the Internet, as well as literacy in the selection of assets.

each day internet fraud rises, some people are just specialist in getting that done, so my advice is that we should be careful of hodling too much coin in our wallet and not to be too confident in the security of our wallet, it has failed many, especially those who are above the senior cadre.

Since it is a free market and there are no laid down regulations, investors are always advised to take precautionary measures in order to make meticulous decisions in their investment activities. This calls for the necessity to protect wallet login details from phishers who normally lure people to their bait using enticing emails - never reply, open or download an unknown file from any unknown source. Always research extensively into a project before joining its investment.

We can do nothing in fact. What the maximum we can do is just become aware of such scammers and scam project, rally against them everywhere on social media, bitcoin forum, telegram and others. But the authorities are the only strongest one to take action and control such scams. Crypto community can form a self regulatory body, strict regulations should be in place.

Criminals are of course looking for loopholes to act, so there must be our own protection so as not to give access to criminals in action. For example, protecting e-mails with complicated passwords, not opening suspicious e-mails or not carelessly following obscure links, because that might be a trap.
From the government there must be clear rules regarding the use of crypto because without protection from the government, the perpetrators of crimes are increasingly brave because there are no governing laws.

Nothing we can do about that because hackers and scammers are rampant in different platform like exchanges, social media, telegram etc. Best thing to do is just to keep away from storing are coins/altcoins on exchanges to prevent loss if a hack happen on it.

The rate of those cryptocurrencies fraud is very alarming especially hackers stealing coins from exchanges, hackers sophistication is increasing every day in view of thise all these fraudulent activities is painting cryptosphere in a bad light.
Hodling our coins in cold wallet should be our most preferential means of securing them and we must guide against exposing our private keys.

Well, I have seen reasons that a lot of people has been stating out here - traders should stop holding large amount of coins in exchanges. How exactly did you get to know that traders hold large amounts on exchanges ?do you work in any exchanges ? So don't assume what you don't know. Everyone has an amount that they like to trade with and it goes from as much as $100 to even above $5000.

So even if everyone invest the little amount they have that little money from each person joined together amounts to a huge one and when hackers jam those sites they steal from a lot of wallets, so what's the difference? It's still going to be happening since exchanges don't care about their sites being secured,they only care about the fees and money they can make.

crime rates in the digital world are currently increasing, and that is quite natural if we see this opportunity. however, we can only do research, and be careful with all forms of investment, or with people we have just met. besides, this potential can also be reduced when we have a good antivirus. well, these are small steps that we can take to reduce that.

Its so much complicated especially for the investors that holding up their large amount of coins. But for everyone to be safe, it is better to exchange their tokens into their crypto wallets. Also, people should avoid joining or visiting sites that seems to promote some kind of free money in the form of crypto airdrops. The crypto space currently is made up people are just concern about cheating others and stealing off other investment. So to be safe your coins coming from any project like the dencoins be knowledgeable in checking the backgrounds of any exchangers before exchanging.

This are mush why many see crypto as a step to fraud but with the technology I think we need a better understanding and much way security to protect our funds as many are using their time to develop and dona good deal , some are using their time to spoil others great deal which are why we are in the messnof hacking as they are looking to reap where they didn't plant.

it is difficult to be able to determine a place of fraud or not because all investment sites or exchanges all have the potential to scam and make many people lose.

The only thing that comes to my mind are the regulations. In my opinion we need to create some art of agency that is going to check the projects and their bounties if they are legit or not. But this will harm the anonymity on the other side.

Most of the hacking that occurs happens on exchanges, hence keeping huge sums of money on exchanges is never a good idea. You should have hard wallets which you have access to the private key, you can keep your coins there instead.

Yeah that is so bad, we need to stop this problem as soon as possible.
The first time we have to extra careful to choose some project.
Don't just give KYC if that ICO is not really good amd you have a doubt of it.
Keep extra your PK wallet and don't ever let the other people have that access.

One of the biggest challenges right now in crypto space is insecurity. Scams and hacks are on the rise, especially now that the market is experiencing an uptrend. Let's be careful, even with exchanges we use. For instance, bitebtc : many can't withdraw from that exchange, so you don't need a voodoo priest to tell you it's scam. Also, do not click any link you see, be guided. Do not invest blindly!

The need of money and greed won't stop hackers and scammers. Sometimes it could be someone in the exchange who stole the cryptocurrencies. Cryptocurrencies wallets are just numbers and that make them difficult to tract. And every exchanges and people should be aware of the wallets who got hacked. And there is maybe no mecanism to stop them from transfering the stolen coins to other wallets and exchanges.
If you don't want to trade for a certain time, it is better to keep your cryptos in your own wallets.

A year ago there was such a project as CryptoPolice. It was designed to fight intruders. But he became an ordinary scammer. Nothing can be done about this if regulators are not implemented in the industry.

Nothing we can do about it especially most of the cryptocurrency, services and projects are full of anonymity it's easily for them to scam people knowing that their anonymity will not be compromised the only thing we can do right now is to be careful in every actions we are going to do. As much as possible let's think that everyone in this industry is scammer or will scam you and use a reliable third party to do transactions.

Its need government hand. Like or not, regulation needed to prevent more fraud in crypto space. Exchangers should be regulated but its much better if we are not store our coin or token in exchangers wallet.

Indeed, what we need is good regulation from government. If government regulating cryptocurrency ICOs or market, i am believe it will prevent many scammers and much money will save and investor will come to market

Scam in crypto space increasing and i think what we can do is always careful and make research first before make investment. Beside that, with many hacking on exchangers, its more safe if we store our coin or token in our own wallet, not store it in exchangers wallet

If ony we can vividly know these scam projects and stop promoting or investing in them, I believe the crime rate will reduce. Also, on the part of Bounty, managers should try to know the projects that are scam cos it contributes so much. Finally, regulation is the main deal to wipe out scam and reduce crime in the space.

Crimes are not only sign of crypto market it was also in fiat market but due ti decentralized system they is a big chance of fraud in crypto markt.

yes all of this depends on the people concerned. choose people who are truly trusted, so you might be able to avoid crimes such as fraud. knowing the biography of the person in question, it can be important to avoid scammers in the future.

these are sad numbers... and they undoubtedly affect crypto space
Besides the obvious increment on security measures, there is also education of crypto users. If people learn the steps and safe behaviour, the scam rate will fall...
I think the most important thing is to not leave your money on any centralized exchange

Since Cypto is decentralised there is no wonder of having a crypto crime, unlike in our economy that is being handle by the government. The Financial Action Task Force was created to impose sanctions on countries who fail to act against money-laundering. This is also need in crypto world in order to lessen the crypto crime especially in terms of investment. This will become possible only if crypto will be centralised.

While i felt so bad to the victims, but the thing we must understand is that, is awareness. We have to understand that people are becoming greedy nowadays, and we as a user and a community, we must be aware of what projects we are investing in, just invest what you can afford to lose, otherwise you will lose a lot or win a lot.

that is gambling that we really need to understand from the start and everyone who invests in crypto should know that. the market can benefit you, but they can also take your money and lose it.

only less investors care about their money.and most of them invest in several projects but they could not accept any risk if its occur.and also forget the money amount that they could accept if their projects be scamm projects.

There is only one way, prevention. We need to learn more about the security, we need to build more secure marketplace by selecting only trusted and safe exchanges, we need to get regulations from the countries and we need to be under government protection. Example, if someone loose money, goverment with police will try to do their best.  8)

We can't probably stop crypto crimes in the market but we can lessen it. All we can do is to be safe, we need to be careful in any cryptocurrency or in any project we are joining. Because not every project are safe and real. So for me, to help cryptomarket from getting worse of having crimes let just comply to join who owns a platforms like Dencoin that keep their team safe and sound through investment.

Crypto crime is always be there. Because everything that matters always have bad impacts. So what we’re gonna do is starting from ourself. First, we must learn about the project and do not too fast to believe in anyone or anything. Always be suspicious but in a positive way.

Indeed crime always happens everywhere including in the world of crypto currencies. Crypto currency crime is easier because this crime is like a crime in a subtle way but takes a lot of casualties. As crypto currency players we should not drop each other. We should always play wisely and healthily. If we have principles like this then we will be more financially healthy. We will not have the intention of harming others. But if a crime has occurred then we can make any viral news regarding this crime. Maybe an online version of CCTV can be developed that can detect who hacked or theft.

in my opinion exchange earn a lot from fee they should hire some hacker to test their security. they need to make user feel safe using their platform they need to make the fee worth it . it just sad that almost all exchange didnt bother to do it they are just waiting to cash flow in their hands and when the hacking occur they will just disappear. for the scam and fraud we need to do a way to educate those new in crypto. that investing in crypto is risky and there no easy money .

Crimes that are related to cryptocurrency are getting worse, and we really can't do anything but to raise awareness about these hackers. Promote security and invest security to ourselves in order to protect our funds. We also have to tell people that cryptocurrency crime is not different from fiat related crimes.

Only there is one big problem for hackers who make such grandiose hacks is very difficult to find. And since the action of cryptocurrency is actually not legal, then who will be engaged in their search?

I always say that as far as cryptocurrency is growing and increasing, more investors and traders including hackers are attracted. I think its time people take care of their password and key well. Aside that, funds should not be held for a long time in an exchange.

the biggest weakness of the crypto world is the weak level of security from various exchanges, therefore crypto crime is very frequent, this is also the main cause of the loss of investor interest in investing in the crypto world, hopefully the future of crypto world security will be stronger

Nothing to be done. Security is getting better, but hackers are getting smarter and new vulnerabilities appear with updates.
So crypto is growing and losses are growing as well

That is a very sad news to hear. Anyway, cryptocurrency will always be accompanied by those crimes and we can't stop them but we can minimize them. There are many investments schemes that involves crypto and those schemes are very prone to hacking and scamming. All we can do is to be more careful and vigilant about our decision. Make sure you know what you are doing and always do the necessary precations.

to, avoid theft secure your assets on the wallet offline, and never save on exchanges,
maximize the security of your wallet.

First of all we all involving in cryptocurrency should be aware and should have crypto knowledge. This will help make traders, investors and bounty hunters aware about bad or scam projects.
Another step is regulations should bee in place. Another way is crypto community should form a regulatory body. We all should unite against scam projects.

With proper regulation, this would enable big business to adopt in crypto, we don't have to worry about education as for sure with regulation, people will be interested and when they are interested, that means they've done prior research first.

If we talk about the exchanges, we can not help them in safety. They themselves develop their own defense system, which, as we see, may not work. Nevertheless, we can protect ourselves. Never keep all your savings on the wallets of exchanges. Try to withdraw as quickly as possible the coins that you don't intend to trade now.
Also, keep your data safe. Don't download third-party applications from unverified developers on your laptop and be always attentive when visiting different sites.

Cryptocurrency is digital money, and for every digital technology with its digital protection, programs will always be created over time that will hack them. A particularly vulnerable cryptocurrency is so far now, when the states have not yet fully legalized it and have not joined their efforts to fight hackers and cobblers in this area. Until this is done, cryptocurrency holders will be at great risk for hacking and theft. We can only take personal measures to increase the security level of our own cryptocurrency.

I definitely think that exchanges can implement KYC/AML regulations to help them in safety just like ciphertrace does for say binance. I do agree wtih you that you should never keep your funds all in the same place, always keep them in multiple places

Crime free world isn't a possible fact to achieve, and when something is booming the attention automatically move over it. This is the major reason for the increasing crime. While using cryptocurrencies we need to be careful as well this is where the anonymity plays a big role, if there is transparency as now and no anonymity the scenario could've gone much worse.

this is one of the weaknesses of crypto because crypto does not get legality and legal protection. so everyone dares to manipulate. because of the loss of the exchanger or wallet, it might not be 100% theft, it could be manipulation to make the market fall. but if it is indeed theft, the exchanger or the lost wallet also cannot report to the police or the law because crypto does not have the power from the start.

Crypto crime increases day by day such as hacking, wallet theft, identification theft, and many others are done everyday by many fraudsters and hackers, and we cannot do about it except to refrain from doing things that is too risky to get close enough on such hack. I also think to refrain opening phising sites that are message to us on our email to refrain from hacking.

I was a victim of binance's hack. What can I do? What can we do? Security enhancement is not enough to secure our money. The trading floors seem absolutely insecure. no government can manage blockchain technology, crime is out of law. we are useless

Sadly, despite the rampant crime and theft in crypto space, nothing can be done to curb it to the barest minimum because of lack of authority and regulation. although If every user and exchanges can take proper precaution, then we can reduce the effect or minimize the crime.

well. there is not so many things to do to be honest. i would say it is the community's own risk. to decide to trust or not to trust. this ecosystem is supporting the anonimous people so it is the nature of the crypto market.

unregulated cryptocurrency make it so hard for us to do something about that crime. But if that happend on exchange we can do simple thing. Just don't save our money / token /coin on exchange. if you wanna save it then store it on cold wallet

The solution is simply regulation. Basically to check mate the sort of scams perpetrated by Sparkster admin. Every coin or dapp creator with monetized asset on coinmarketcap should be made to under go kyc. Exchange operators should be made to undergo such processes too. This effort will drastically reduce crypto scam

Not only exchanges robbed people for millions of dollars but also ICOs and other custody services. Is this really what we need for mass adoption? Investors are scammed on every corner.  ::)

As regards the issue of ICO scam the only solution to that is regulation of the conduct of ICO. On the other hand, the issue of exchange hack has been a great concern and its above the power of the exchange itself because hackers are at work everyday and exchanges are prone to attack by the hackers. I think exchanges need more security in this aspect in order to stop hackers threat against exchanges.

This is seriously getting worse as the day progresses, but let's not forget that in the past, there has been some major cryptocurrency heists that has gone down in the history books as some of the biggest cryptocurrency hacks, we just have to be more security concious about how we secure our personal funds and never keep your funds in a wallet you don't control it's private keys and this includes exchange wallets.

It never to think that scammers will stop beeing a scammer but instead, they'll find another way to have more victims. Likewise, there is no such way to rid them out from doing it cause they consider crypto the best place to hide their self and fully engaged in scamming activities. Only we need to be more vigilant and never endure into a promising look of a project but it ends up nothing.

Secure our coins (bitcoin, or whatever crypto currencies) is not difficult, we all can spend a few hours to learn those simple steps to do this. There are so many guides in the forum, that is presented in easy way to understand and pratice. Like this one: [GUIDES] on Bitcointalk. Index thread (until there is a dedicated subforum?) (https://bitcointalk.org/index.php?topic=4928968.0)

Your private keys - your funds, always use wallets that avails you your private keys. Avoid storing funds in exchanges at all cost. Stay away from hyip programs and lastly always treat all ico,ieo and crowd funding as scam until proven otherwise.

This scam problem is not affecting only crypto,millions of dollars are been lost to online romance scam too and romance scammers are stealing fiats from innocent victims,I think there will never be a solution for these problems, scams will always exist till the end of time

Whichever way you choose to secure your cryptocurrencies there is always going to have a weakness, hard drives fail, PCs get stolen, people get mugged and forced to give private keys and many other misfortunes, it's all a matter of luck that you don't get to the losing side even after putting all necessary measures to secure these coins and not that people are dumb and misinformed!
Not long ago one of the best exchanges got hacked can you say people are dumb to use a reputable exchange.

There are always two sides of the same coin. Firstly, the majority of community do not want to have any regulations, because the core advantage is the anonymity. But on the other hand, without regulations the amount of scams will only increase.

Preventing is the best way to stop crime in crypto if we cant stop it prevent it to be lessen the crimes as we all know we can stop scammers and fake bounty projects out there and all we need to stop them is not promoting not investing on There project and i assure that they will be lost and think that do a good and clean job in crypto.

In order to curb crypto hacks and scams from affecting crypto enthusiasts, everyone should make use of their personal wallets to store coins and not exchanges. Exchanges are always the target when it comes to hacks, so use exchanges to trade and not to store coins for mid to long term. Also, to avoid scam, bookmark the exchanges you use regularly so that you don't use clone links to give out your login details to scammers.

Crime is inevitable especially in an industry that has billions of dollars moving around the world in a daily basis, to curb these crimes from affecting you as an individual, be security concious.
1. Save your private keys well.
2. Don't use third-party keyboards in your phone's (and don't copy and paste?
3. Don't leave large funds in any exchange for long periods of time
4. Spread your funds in multiple wallets.

And most importantly, stay safe.

Avoiding is impossible but in minimizing the consequences are possible,the time we are discuss on how to prevent them, scammers also think of the new tricks to come with good example Binance Hack the method used it was the first time to be done just we have to take care at every point in an Cryptocurrency.

since the beginning cryptocurrency is a place of investment that is very risky and crime of theft including one of them, what needs to be done is to continue to create a better security system and always protect your privacy from fraudulent project

There is nothing we can really do about this fact. There are a lot of scams and it harms the image of crypto currencies, but if we would accept regulations of any kind, we would need to give up on anonymity and under that I mean full verification and lack of coins like XMR.

I think by now you should know that some of the exchanges are scammers, infact some so called big wings in the crypto sphere are scammers and that is why we have so much crime in the crypto sphere.

I think the risk to be hacked if you do not have too much is almost zero. The whales and crypto exchanges are the main targets of these crypto hackers. As for the crime where drugs and weapons are involved together with the cryptocurrency, it really seems to become a problem. And this problem does not let many countries legalize crypto and accept Bitcoin.

It is bad to know that many are good in programming but using it as evil when some are out there doing it for betterment of people , they seems to be greedy cos the time using to hack or get those their bad deal do is even more stressful to normal work and the normal work will bring a good name in future but they can't come out and show their real self as hacker or bad programmer cos of the bad image they portray.

"Treat all ico,ieo and crowd funding as scam until proven otherwise" like you said is a bit harsh. I think anyone should be more careful with their money and only invest in what after at least a few weeks of knowing that project.

This theft of cryptocurrency needs to be addressed quickly and more security should be put in place to curb further breaches and thefts of investor's assets. If this is done, we will record lower crimes in criminal

Its serious problem in cryptworld and this is reason people think before to get in the crypto,While crypto is getting popular another side hackers are more active,Developers need more home work to secure the funds of users not fr a limited time but forever.
Most of victims for scams are new comers so creating awareness about crypto and how to invest in it is needed.

Every day crypto crime increases not just in project we invest but in many aspects also and if you are trying to do such as investing and making some profits then i will highly recommend ACI Coin for investment because this coin is potential token.

Those people who got scammed is a needs to full understand the project first before investing. They are so many developers that the main goal is to scam people and not create their coin. You guys must fully aware about it and try to understand their given whitepaper and also check the background of the developers if it is real or not.

If you know that you earned already from a certain project and you're still planning to earn, just stay on that project. Sometimes it is the fault of investors on that's why these scams are still happening.
1st - These investors/traders keep their funds inside of an exchange.
2nd - Those investors keep feeding the beasts, that's why it keeps coming back to crypto-space.
3rd - Those investors keep posting publicly in social media about their crypto trades like advertising this exchange and that. This also leads to crypto robbery at home. I'd read long time ago about a family held at gunpoint and got their BTC robbed.

It is depressing to see that some projects are really just created to fail so that very few people can benefit. This fraudulent projects are non-stopping because the scammers are getting smarter in making their project and promises believable. That is why we should not use ignorance anymore as excuse for falling to them. Read, study again and again about cryptocurrencies especially the project that you want to pursue. And always try your best not to be easily swayed by your emotions so they can't play you again.

The basic solution to any crime is the prevention of the crime from happening. In terms of crypto crimes, people in the crypto space need to simply understand that the entire crypto ecosystem is not a get rich quick ecosystem. Because most of these crypto crimes are usually projects that trick people into believing that they could double their money just by investing into their project or product. People should actually understand that nothing really comes easier and cheaper in the crypto space. People should rather find more information about any project before putting their money into it.

Nothing, even real life crimes can't be 100% eradicated, new crimes will always happen or takes place, its just that online crimes are more worse than real life crimes because online criminals are hidden

Its because of lack of regulation thats why its very easy for them to do such thing. There's no safe online so its our responsibility to be careful who to trust and what exchange to choose, having enough information and knowledge can save us ending up as victim of scammers. We cant eliminate them but we can prevent ourselves fall to their tactics.

Events such as scams will continue as long as potential investors do not conduct research. The QuadrigaX case gives a signal that it is not safe to store coins in the exchanger wallet because we have no control and this is a lesson that the safest way to store coins is in a wallet that we have full control over the private key

In order to reduced this kind of problem in the cmc. Don't let our self to be a victim of the crypto crimes happening in the crypto ecosystem, first thing to do is make a background search about the same project before making appointment about it and we have never keep or save our crypto coins or tokens on any exchange platforms, withdraw everything into your personal crypto wallets. We need to be extra careful and lastly, not every coin in the crypto are good and favorable for us so only trust those have great potentiality like the Aci coin and many more.

I think it is difficult to do that because we know that scammers always have their own way to be able to make others believe and want to participate in the projects they bring and this is normal when others are persuaded by what they say and indeed we should more careful and not in a hurry in making decisions, for me personally it's good for us to share opinions with our close friends who we trust with the project we will follow before making a decision.

We can only resist this when we ourselves will be very careful in using wallets, passwords, and so on, but the fact is that newcomers cannot protect themselves due to ignorance, it is important to report fraudulent projects and schemes in a timely manner.

We should be careful who to trust. Don't trust any person if someone offers you a very good return of investment in telegram. Always try to deal with someone you know or a lot of people recommend to you.

Really? It's not a lack or regulations, it's a lack of security measures. Basic ignorance and negligence is what mainly causes hacks and all that. Basic ignorance mixed with pure greed is what people have which is why they believe in ponzis, and scams, and put their money in something they know they shouldn't but want to because they want to make fast money.

I think that's right, they will always appear in a variety of forms, what we can do is detail in selecting and sorting out projects, we must know very well or not more than the project, the greater the promise offered, the greater the risk of scamm. Although in practice not all scammers, but have an impact on those who have a good vision and mission, I am sure that the apparatus here are not standing still and are always working hard to overcome crime here.

There’s a big problem with trust because anyone can buy trust worthy accounts and con newbies (I have seen trusted localbitcoins accounts for sale too), hence I always suggest to use old escrows (members who have been here since a long time, and have consistent positive feedback about their escrow services). @istiak2277 I always follow this rule regarding online schemes i.e. if it looks unreal then it’s a scam unless the person selling it can prove other wise. Though if I like a scheme I’ll dig further to find more information about it, but in most cases these schemes turn out to be fake and are only made with one intention i.e. to con people and steal their money.

right, there are also many good ico, but their credibility is damaged by ico fraud, and this has a severe impact until the death of ico, and changed ieo at this time. After they are listed on the exchange, problems arise again, where many markets are manipulated, and we must be careful

Currently there is no crypto police that will catch those hackers and scammers so there is a very little chance that we can ask for some justice right now to those victims.

Hackers and scammers are evolving every now and then so for those exchanges and investors they should do their best to strengthen their security everyday if possible so those hackers will have a very less chance to bypass their security. That is the best thing that they can do right now as we cannot depend to any police as of the moment.

in 2018 and 2019 many exchanges were hacked and caused many people to lose their money, that is the reason why I no longer keep my digital assets on an exchange. fraud and hacking is the biggest problem in cryptocurrency to date. Take good care of your assets and don't trust anyone !

What can we do as users?Absolutely nothing.In the world of cryptocurrencies, risks are absolutely everywhere.All investments and steps should be taken carefully and with a cool head,but even this can not always be a guarantee of the safety of Your funds.

Regulation is a must in order to reduce the cryptocurrency crimes that we are experiencing right now. With the right rules and regulation and also cooperation from the developers of each cryptocurrency then it might be possible for us to lessen it. We can only reduce it and not remove it because it is a normal thing for a currency to be used in illegal activities like what is happening to us dollar.

I think people can help minimize if not eliminate, scam projects by not supporting them. One way to do this is but properly researching the projects we will invest in. I observe some investors just invest based on hype in that market. So they fall victim to promises of great returns by scammers. Scammers are getting wiser in tricking people but I think, with proper research, they can tell a legit project from a fake one.

Especially we should careful and be picky to those people who we trust on because those person who are offers or giving a good return in investment because there are so many people who are good on promises but they will just talk shit on you so that they will be able to scam you. That's why crypto crime is getting worse and worse right now because there are a lot of people that the intent to scam or hack people is getting higher.
Recommending to make a deal to someone you already know a lot and you already know by a lot of time because you are sure already that they will not scam or talk shit you.

I half-heartedly agree with this statement. We don't need a strict regulation though. Good thing we got IEOs that requires team to pass the requirements that the exchange needs from them plus making them pay listing fee, which is just a fractional part of probability that the project isn't a scam project.
Reviews won't help reduce scams, if someone else is thinking about that already because it might just end up a paid review as well as paid KYC test.

that only mean regulation is not the best soultion to combat scams and frauds  but the best way to combat them is iniative and common sense  . crypto crimes are getting worse but more and more people are now also getting aware of them . that is more better because the potential of people getting scammed is still reduced depite the huge number of scamming scheme's thesedays  . we can do many things and preparation so we should not worry alot

As a simple users we can do is secure all what we have, and learn more and improve your knowledge about crypto or everything around in crypto. for me, it is our first thing to prevent crime in crypto. or if we have friends that want to enter, better to educate them. we need to make a small move too, so that the crime will diminished and the rate of risking our funds will lessen.

The best thing we individuals who uses cryptocurrency can do to help lessen or somehow resolve the problem regarding cryptocurrency crime is to make simple or small actions to take precautionary measures on how we can first protect ourselves by securing our own accounts in which we are safe and secure that we are the only one who knows and have the access on our assets from our online wallet or even with our hardware wallet. Next is that spreading out legible and reliable information about such projects that you think is a scam by providing informative proofs that can prove that it is really a scam project. By doing this, we can spread awareness to everyone to avoid such project and report it so that the victims will be lessen or much better is that no one will be fall into the trap. Doing such small yet helpful steps can contribute on creating a safe work space for all of us if we will be helping each other around to be able to lessen the crimes which relates or involves cryptocurrencies.

Indeed, prevention is better than having someone caught who are responsible for the crypto crimes happened because chaos will be present even if you caught the criminals, the exchange or crypto platform that's been a victim of hacking can lose their sites so investing time and effort about having a safe and secure accounts and getting informed about what's going on inside the blockchain when a transaction is being processed is a must for it will be our assers once we encounter situation like crypto crimes, data is the most valuable thing in the internet so don't hesitate to spend time, money or anything to secure it.

Everyone must be careful in every decision and it is true that we should not easily believe what others say, sometimes people are interested in what other people say by promising that they will get a high return on investment and also the project will be a big project. But most of these things are just a trap to be able to attract many investors and when they have earned enough money, they actually run away with the money.

As long you know what you are doing and it is safe, it will be now easy for you to stay away from criminal acts here im cryptocurrency like scam, fraud, hackers, etc. You should not get attracted and be greedy from projects that gives their investors a womderful promises because it might be a bait to steal all of your money, that is why you should be smarter than scammers.

We ourselves are responsible for the investments we make, with all the decisions we take will always have risks and we must be prepared with it, even though we have been very careful in every decision, but sometimes we are often caught in a trap or wrong in estimating something and I think it is natural and we can make it as an experience and also additional knowledge for us.

Crime is hard to eliminate in these space so all we need is not to be a victim. We can't control their mind but we can control what we can do to prevent it. Secure and make sure that we are able to do necessary things we needed to not regret not securing our assets or accounts.

As a user of cryptocurrency and as a user also in this forum, we should be more aware of that because that is normal although that is not good to do with other people. I recommend that everyone should be aware of every decision they make and every step they take because their money is at stake in this section. We cannot do a thing about maybe we can report some users that are committing crimes like that but as a user, we should be more informative so that we can do our tasks and reach our goal and that is to make a profit with this. Ignore every person you think that is acting suspiciously this can apply not only in the but in a real-life situation too. Secure every information that you have especially your account and wallet.

We have now entered a period where we need to be more careful. Why do you think? Because Bitcoin price has risen. Altcoin prices rose. The interest of fraudsters has moved into this area. Now we have to be more careful when investing.

Everyone needs to be more careful because scammers and hackers are on the look out to fraudulently steal our crypto holdings. I keep getting scam mails and I don't even click on the link, I just report to avoid malware. Crypto crime is increasing drastically, I see HYIPs too on telegram and people still fall prey.

For me, I think what we need to do now is to practice doing thorough research about certain projects and we must also include malicious and suspected scam exchanges to be able to spread awareness to the people within the forum so that they will be informed and be knowledgeable enough specially for the part of the newbies who are just getting started into exploring their cryptocurrency experience in which we do not want them to easily give up and be traumatized because of falling into scam projects. So to be able to make it possible, we must take part on spreading awareness once we found something really helpful for everyone so that we can create a safe working space for all of us to avoid getting into scams and lessen or much better totally no one will become a victim of such schemes. If we will be helping each other out, we will worry less and can work on safely and enjoy getting into cryptocurrencies edploring and maximizing the whole out of it.

That was too hard to remove all kind of scam and theft because they want easy money. All we can do is to being aware from our money especially from investment that we going to take. But we can stop it because some investment do paid but for a longer of time they didn't for them to get an easy profit.

I don't think we have the ability to prevent or reduce fraud in the crypto industry. because decentralized cryptocurrency no one controls, anonymous and until now there has been no official authority that can regulate and sanction the fraudsters. so I think we can only prevent and try to keep our wallets safe. and be more careful in choosing exchanges.

it can if you choose trully decentralized one. You can keep your money in decentralized wallet
Make sure your private key is safe. It is very important. Not your PK not your money

I dont wonder if there will be CEX going scam. Most of them will be, just matter of time
So, if you have money in CEX, always check. If there is unusual activity, get out from that shit!!

we ca with government full regulation, that's the only solution I can see.

the system is decentralized but the fact that we are still using decentralized exchange, the power of the government to regulate will be effected.
Those scammer are smart, they are also penetrating in country where lack of regulations for crypto, hopefully these countries will also adopt, followed a standard regulations employed by big countries.

Indeed this problem is often happening in the crypto world let alone those who have a big asset will certainly be the target of hackers, my advice to keep our assets safe then keep in the wallets that we already believe in high security, and there are many Use the wallet and do not like to address our wallets because it is very harmful to the asset, and if we do many assets never save in the platform of any exchange because it is very harmful.

As long as there are no regulations in all countries regarding cryptocurrency, it is difficult to stem crime in the cryptocurrency market. The perpetrators are difficult to be snared because it is difficult to report and in my opinion there should be an authority that oversees the sale of tokens or about projects being carried out by the developer team so that investors feel they are not deceived

I think as long as crypto is more and more, and also has a high value, of course testing cannot be prevented, but I think it can be avoided. for example facing project fraud maybe we should learn to more "due diligence" projects more actively and I am sure this will be useful.

I think everyday there are consistently crypto related scams that occurs in crypto world. Indeed, even in exchanging and other crypto related business, there are consistently misrepresentation action and scam that occurs, even the scammers are continually discovering approach to hack someones account just to make cash out of it.

So crypto users should update themselves about how to avoid hacks and scams. It is not harder though we can make our crypto assets safe by keeping our device safe from any malware, trojans and never get interested on high return investment schemes.

Its a never ending fight against those malicious hackers, they are going to continue doing it because there is no IDs involve in doing it unless users of crypto are all going to be techie enough. The internet is even in the early stage in some part of the world which is why its not going to be surprising that newbies are the primary victims by these phishings.

if we talk about hacked accounts, stuck on a scam project, then it's not just for beginners because most of the victims of investment and even the hacked exchanges have all been good at keeping their assets and themselves safe. so nothing is safe in this circle and all of that is a risk we should be aware of

Obvious things. However, your advice is not to keep money on exchanges, we sell 100% only for holders. What do traders do? One way or another, most of us have to keep money on exchanges in one or another amount, so it’s best to decide on the amounts for which it’s not scary, or which are simply necessary for trading, and withdraw the rest to secure wallets.

Let's not invest in ICOs / IEOs who aren't sure if it's legit. Especially projects that are not transparent because this is a scam for sure.  Just also report this immediately in the scam accusation thread here at bitcointalk so that newbies and other investors can gain immediate awareness.

That's right, the scammers are still rampant in the world of crypto, they are still looking for ways to get money easily in crypto, so that makes us all become uneasy because of the scammers. so be careful to work inside crypto.

Thats why more regulations come. FATF - Financial Action Task Force is the most dreaded association for the exchanges last days, especially for the smallest one. Don´t worry, crypto market is pretty new and it needs a time to fix every issues.

The only way we need is to learn more from what they can do and also if you are prepared and aware from that they could find hard from scamming people and it can cause that they reduced or they find something else but not in crypto if they didn't get any victim.

What matter is the scam exchange and project nowadays, we can avoid that if we have knowledge that if we use it correctly then it can be a power. Scammers are so smart that they can attract many investors, if we really want to increase our money through investing then we should know what kind of investing that we are doing. It is no good to place our money in something that we do not have enough informatiob about it.

This is not a matter of worry, but a problem that has to wait a long time while the crypto market is being fixed, because we don't know how long they will take the time to fix it.

No one can do anything about this other than keeping yourself out of the crimes and governments regulate crypto properly and let the population use them easily. Crypto being used in crimes is actually a sad thing and a black mark to the new investors as they feel it is only used by criminals, which is not true.

One revealed scam produces 5 new scams, of course that nobody can do anything about that. What we can do is to protect ourselves as we know, education and learning can help in that, other than that we can sound an alarm in scam accusation section and to hope that others will see it.
One huge problem about scams and accusing services and projects to be a scam is that sometimes some good projects get targeted by the scammers. I am not sure is there one coin or one service that hasn't been accused of scam at some point, we still have people who speak about bitcoin as a scam, what to say more?! So be careful about projects that are tagged, but in the end do your research, it's not a scam just because some people yelling it is.

I use a standalone wallet version that's only accessible from my PC. The more accessible your wallet is, more you are opening it for hacks. You have to take care of your wallet yourself, once your coin are lost you can never access them again.  

There's nothing we can do about those unfortunate "crypto crime incident" that was happening in our beloved crypto industry. but we can protect ourselves by applying more drastic measures and vigilance in all crypto related investments, account security and more. But in terms of cryptocurrency exchange hacking incidents that was a sole responsibility of any crypto exchange platform to strengthen its cyber security in order to prevent/combat those hacking incidents that involve million dollars worth of cryptocurrency.

We can only learn more and protect ourselves from fraud projects. If thousands of people share this idea, then the scammers will start starving because investors have become smarter. The strategy is to invest in any project, ask experts and people who have a lot of experience in the market. He or she will make a judgment and then you will pay for them, so that they will give you the experience and lesson. That's the best way to get rid of phishing projects.

You are right if someone takes our coins and gives us loss then it happens only if we give them the chance to do this. We should keep holding and keep waiting for the long term. Holding should be done with a wallet that only you can access and never open your private key for other people as I know hackers are now so sharp so don’t open your private key for people you don’t know.

Crime is everywhere, what do you do about it? It's not just only in crypto we have crime, people commit crime every day in various aspect of life so crypto is not an exception, the only thing one can do is learn to protect yourself by applying all necessary security measures and report any suspicious activities.

People who go hacking or theft in a system of course they are smart people, so with the limited knowledge that we have of course it will be very difficult for us to prevent theft from happening, in this case, we only need to continue to be vigilant and strengthen the security of the account / wallet that we have so that the theft does not happen to us other than that it seems we cannot do anything.

We can't predict and none of us knows what will be the next exchange that will scam exit. Maybe better not to store all your assets in exchanges.

We must always be on the alert and we must try to stop new fraudulent trends in the bud, as well as pay special attention to security. Fraudsters will not disappear but at least you need to try to reduce the number of robberies.

It will be smarter for you to look for thousands of new projects that have sprung up and ended in ruins in my opinion, so you should think more about continuing your efforts.

of course that is true but in crypto the reason why there's more crime because crypto was not fully regulated yet.
When people transact anonymously, that's where the criminals are taking advantage, of course this is privacy but with privacy, this also gives the criminals a chance to scam and launder their money.

WE NEED FULL REGULATION AND THE STANDARD REGULATION FOR THE WHOLE WORLD.

One of the ways to somehow prevent the worsening of crypto crimes is to strictly implement a standard rules and regulations in the system. Immoral people are taking advantage of the decentralized feature of the system in their unethical actions so there must an eye that would regularly check on these noticeable and doubtful transactions. There must be some kind of institution, which is of course regulated by creator of cryptocurrencies, to check up on these cases and address every necessary solutions.

What kind of regulations are you talking about because despite the strictest regulations criminals till date are able to transfer fiat money across country borders, and believe me the number of illegal transactions happens more in fiat. Also I don’t think we need to do anything because these days nearly all exchanges require KYC details to transfer funds, hence if they suspect anything wrong they can always report it to the concerned authorities and then they can take necessary action.

Source: https://cryptoiq.co/a-mere-0-08-of-crypto-transactions-are-associated-with-illegal-activity-and-fiat-currency-is-used-for-crime-1000-2500-times-more-than-crypto/

I do not know if there a way to do something against this. I mean exchanges are actively investing into crypto security and doing hackatons, but in a few months, there is another new method to hack them, so this cycle never ends.

Things always find their ways of working out, there is nothing you can do at this time to stop crypto crime, the highest result we gonna get is limiting the crime not totally wiping scammers out, that will be a total failure, newbies are the ones we need to keep warning

It is almost impossible to get a scam-free world. Every coin has two sides. So if there is good, there is bad as well. What we can do is just to minimize bad side. Relating to cryptocurrency scams, first of all we need strong regulations whereas scammers and frauds get punished. But sadly, scammers are walking free when they are guilty of scamming people. Second is we need to be aware of scam projects and frauds. We need crypto education.

then regular updates to protect platforms and digital assets must also occur. that's what developers need to do to continue to get investors and enthusiasts on their platforms. if they ignore platform updates and maintenance they will be left behind and abandoned by investors.

I think crypto crime continues to exist because scammers know that they have lots of victims that they can deceive. Educating ourselves about the crypto industry and how it works I think is the best way to help ourselves avoid these scams. Always stay alert and don't get persuaded in joining investments that promises you super big returns. Researching the project is very important.

I think crypto crime will continue exist, as long cryptocurrency exist because since there are still a lot of people who don't know anything about bitcoin or cryptocurrencies and blockchain technology, it will be easier for scammers to trick them and to steal their money by forcing them to invest their money in their dirty schemes.

We can take legal suit against the crypto crime but that will need a lot of effort. it's better if we are always trying to learn more and more to avoid the scam project. So many scammers have been getting jailed caused by they have caught by the police. This can be done as long as the person who is getting scammed are still in the same country as the scammer.

For a long time, the law has not solved the problems with crypto and the criminals in it because the wisdom of these scammers combined with an extremely anonymous system, all that made the government's efforts start to be meaningless, investigations with too few clues, and the government soon warned, the participant may only accept damages without being able to complain or wait for an extended search without definite time. Exactly as you say, the police and the law will not change or catch these criminals, investors like us need to be more vigilant on every investment.

Just like what you have said there's a big portion of disposses has been happened in exchanges therefore, I think the best solution is to never leave your funds in the platform but rather take it our ands save it on your own personal wallet.  And to reduce the risk exposure of your funds, make sure that you keys, passphrase and password keep in the safe place, diversify your bankroll would be a better option as well.

each market period shows a different trend. many do an analysis based on previous or past market conditions. but reality like that always results in different markets. because the market forms their trends every time and don't expect conditions to happen again but hope something new happens.

We all have a lot to do in curtailing crypto crime, those thieves are restless about our account and we can't afford to take it for granted, to ensure this, we need to keep our token in our personal wallet and keep the password away from any reach.most hackers are experts, at this time they are still even hunting because the know that by the end of the year the price value will increase and they can have their targets, every body sit up.

In my country, kidnappers and armed bandit have gone from demanding for fiat to demand bitcoin as a means of paying the ransom. It is sad to see that people are making the anonymity feature of crypto as a means of getting away with the crime. Not only do they make this, they also won't trade on a centralized platform that requires KYC in order to hide their identity. I do not think there is any big way of combating crypto-related crime other than giving a very tough punishment for a few that are caught. 

There's no anonymity with Bitcoin. They're doing it because they're stupid. It's far easier to demand cash and then spend it!

Bitcoins leave a trace and cannot be spent without going through an exchange. Exchanges now require KYC and ATMs have cameras. You can get spotted taking out cash with ease.

It's not the fault of Bitcoin that they demand it. It only shows how valuable it became. In the old times they would steal your gold and jewelry.

You are right BTC will not provide complete anonymity or they need to use some mixer for destroying its traces. We could see many of the cybercriminals demanding Monero for anonymity. We could see many scam activities if the BTC increases in price.  So whenever there is a bull run people should be even more cautious with such activities

Most higher level criminals don't need bank transfer to do there dirty deeds, and also i know that crime has exist since many years and criminal has been using another means other than crypto to carry out their activities, crypto just came in 10 years ago, so i don't understand what they keep tagging crypto to crimes only like crypto is the originator of crime.

With time I believe a solution will come up because people needs to be assured that their funds are safe one way or the other, trust is still a big issue in crypto space today and since DEX exchanges lacks good volume and better experience they can't help, if not every single person will be using DEX by now

you must understand that with the creating of new methods of protection, hackers also continue to develop and improve their skills. I believe that we will never see complete safety. only the permanent storage of your assets in cold wallets can guarantee you maximum security. But if you hope that your money will be safe on some exchanges or online wallets, then you can forget about it

There are even theft in fiat so this kind of scenario is only part on how the society works and the only thing that we can do is to protect our selves from those hacker.

We can strengthen our security and make sure that our personal computers have the latest antivirus or we should use the top wallets out there that was not being bypassed by the hackers. The hackers will not be able to easily hack their target especially if their security is up to date using the advance knowledge of white hat hackers.

every thing or something related to the digital world is endless in cases of theft, for example Facebook theft that takes people's data. The key to keeping a little security is to check security periodically and make backups quickly when hacked

As long as governments do not care about whats going on in crypto world, the crime rate will continue to go up. If we want to stay a bit out of governments reach because we do not want to get it regulated highly like fiat and suddenly lose all the originality of bitcoin that doesn't create problems like the fiat one has created so far, that kind of means you have to agree that governments should stay away from bitcoin to let it breath and be what it can be without stopping or slowing it down.

However, if you think crime is a bigger issue, that means governments could regulate it like crazy but also they can help you with the scams and crimes so that you won't get tricked, if people steal bitcoins from you, they will have to pay you back in fiat or go to jail.

Cryptocurrency crime will keep going high as long as the space stays anonymous. It's difficult to track who made any transactions, and also because of the volatile nature and security base of cryptocurrency storage, hackers will always have an eye on the space. Also cryptocurrency has money which everyone wants a share of.

Indeed. Since cryptocurrency became more popular and a lot of people know that they could money from it, there are a lot of people who do illegal things just to earn huge amount of profit easily. No one really knows when will hackers and scammers will attack you and victimized you just to steal momey from you, that is why you need to be alert everytime whenever you are visiting in a unusual websites and investing in unusual projects that is too good to be true.

Perhaps the worst thing that is happening on the market right now is a hacker and hacking exchanges.
Indeed, against them there is no special protection for ordinary users who store their assets on centralized exchanges.

The exchange can be hacked in one way or another, depending on what kind of security the exchange has and on how skillful hackers take up its hacking.
The main problem is that the exchange does not guarantee any return of funds to its users, moreover, some exchanges may fictitiously report a hack by appropriating the funds to themselves.
What will the crypto community do if all the major exchanges hack at one point and get everything out there. The extreme option is unlikely however in this life everything can be.

This is the age of technology, people have become much smarter and fraudsters unfortunately too. There is impunity on the Internet and this provokes many people to commit criminal acts. We only need to be even smarter than these criminals to be able to save our money.

Well what are we really expecting. This is the digital world of crypto and an anonymous one, so there will always be someone expert in hacking and at the same time anonymous. The scammers here are more intelligent than normal, so I dont think there will be any solution for that anytime soon.

I agree, As long as there are investors and traders that are willing to put there money in any projects and platforms scams are always there to happen and it is inevitable. I think only think we can do is always back up, don't put all your assets in one place, put some or more likely most of your assets to where you know no one take it away from you(nano ledger wallet for example).

The forum is full of information about the scam and that investing in ICO and IEO can be associated with extremely high risks.
However, at the same time, more and more new topics constantly appear related to the fact that someone was deceived, someone invested their savings in scam, s
omeone just sent money to a scammers wallet in the hope of getting more money.

The fight against scam has been going on for many years, but nevertheless people continue and continue to fall into traps which, in fact, are not even improved.

Without guidance people would continue to fall for scam as these scammers are master of scamming, the guidance that I am referring should be coming from a strict regulation and since this crypto market is looking for investors, it's just right that we need some protection from the government.

Though some may say that crypto should be decentralized, it doesn't need government intervention but its not gonna help and we've seen in the past results that scams have increase, therefore there is no other solution but regulation.