Bitcoin Forum

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

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


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

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

The thread title and topic is a bit laughable... I don't think any traceable crime could really occur when doge was 15 sats ;D.

But yes as things increase in popularity and price you can expect criminals to try to monopolise off that as well as people who don't understand why something's gone up not caring about where they put it (if they've not mentally realised the gain in actual numbers or don't need it).

There are many things in the world that can be used for the benefit of human beings. Cryptocurrency is one of them. Just think of the little knife we ​​use to do the necessary work every day, on the other hand, many people are harming people or animals with this same thing, so we can not blame the knife.

exactly! so doge, bitcoin or any other crypto coins can be subject to this kind of propaganda. but when you compare it with fiat-related fraudulent activities, i believe the crypto numbers is just a small one. fiat is still the leading market to be used in fraudulent or illegal activities. people are just highlighting the use of crypto in criminal activities, and so the negative notion of the public towards crypto, ignoring the fact that fiat is still the major currency used in this kind of illicit activities.

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

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

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

That's true! It's the human who is committing the crimes and using cryptos for their transactions. This is a true statement!

However, it is also true that cryptocurrency has given criminals a great way to transfer crime proceedings to another criminal. Cryptos like XMR is a great tool for the money launderers. Not sure why Doge is becoming a favorite among criminals, but XMR leads this segment.

Criminals have always wanted to avoid banking channel and cryptocurrency, especially privacy cryptocurrencies have given criminals a great choice for sending or receiving payments.

But at the same time, nothing prevented criminals from doing their business without cryptocurrency. Yes, it may have become more convenient for them, but this is probably the price for the fact that it has also become much more convenient for all law-abiding citizens.

A survey like this, don't really need at all.

Because we all know, any asset can be used like that. Since we're on the internet, and that's why they using it. Criminal activity is always can using any aspect, not even crypto but also real things asset.

Is always depends on the deal it self.

What is attracting criminals to use dogecoin for their bas activities? Is it because of the very cheap transaction fees, or dogecoin is more private and can not be easily traced by the government?

Well, the news background around DOGE keeps getting worse and worse. First accusations of manipulation from Ilon Musk, now the use of the coin in various fraud schemes. In the meantime, the coin keeps falling to the bottom, having already reached 6 cents. I wouldn't be surprised if the price drops below 1 cent soon, because the price of it has been actively pumped up too much lately. If this news about ponzi schemes and other frauds involving DOGE is spreading more widely now, exchanges may start to remove this coin from listing massively, like it happened with Ripple in its time, and then DOGE will start to sink even more massively.

Maybe because DOGE is just a meme token and no one expect this token to be more active, but for sure its not because of being secured since they will still use exchanges for this kind of activities. Those illegal users will always find a way and maybe, DOGE is good for their activities for some reason better to be safe on any project especially those who are using any meme tokens, they usually a hype and scam project.

I’m also wondering why there’s a focus on DOGE right now, is this another hype or an end to hype this meme token? We know that hackers and scammers will always find a way to get easy money here no matter what crypto it is, even the top coins are being used for illegal activities so this is not a new thing anymore. If you want to be safe, choose and analyze before you invest, always have the time for this.

Yeah, this is also the first impression I got. I thought criminals are using Doge to hide their illicit activities but it's just the same for any other crypto specially Bitcoin, they are being used to scam other investors.

So this research seems rubbish to me, and there are a lot of crypto as I have said that is being used as a front to scam, by imitating or cloning the website or by any other means. I remember ADA was well, there were a lot of fake Youtube videos claiming that they are giving free ADA but it was all a scam.

Probably those criminals thought that doge coin will increase a lot in the future so they demanded or used Dogecoin instead of others. :P

How the survey can be real? Not really a fan of Dogecoin or memecoins in general but its just seems like a make-up story to defame the value for short time so the big whales can buy it for cheaper.

Nothing much different than what happens with bitcoin or fiat. They are also being used to do criminal activities since many years now. I’m wondering why is it any different when it comes to DOGE. These are just numbers by the way.

I believe if they really want to go for the Ponzi schemes and stuff then they might use new coins, even create new coins so that they will get less attention while transferring those funds. Doge is too popular whether in funny way or normal use case.

I think Doge got a lot of normal people who use and hold it, this makes it look easy to be diluted in case of criminal activities want to remove its track. So can't really blame Doge for that.

Doge and similar altcoins are just tools, and tools depend on how they are used. Like a double edged knife, you can use it to hurt other people or you can use it to slice onions. There is no denying that the fact is not always that crypto is a hotbed of fraudsters, but rather fraudsters who try to evade identification to eliminate evidence.

According to the investigation, about two trillion US dollars are used every year in various crimes. Should we ban the dollar or has the US government ever taken any drastic measures to stop it? All their emphasis is on propaganda against the corrupt currency. Everything can be used in both good and bad ways.

I feel sorry for those criminals who use Doge for their transactions.  Once the coins hit the exchange, they are sure to be recognized.


Dogecoin is traceable although anonymous if it doesn't reach a centralized exchange.  But once it enters centralized exchanges then the account owner can be known.

If it's only about cheap transaction fees then there are so many altcoins that are much better than doge and I don't think dogecoin is more private than other coins because if it is, then it is already been mentioned before but we never hear of it and if privacy is their concern then they better use monero as this is the one that is known to be private.

I don't think the issue is only about doge coin but all currencies including the fiat are also being used by criminals. There must be a different reason on why they attacked dogecoin. Maybe the people behind this have lost millions of money from investing in this meme coin because if I remember elon musk is also being attacked last time and I think it also has to do with doge.

I tend to prefer your second paragraph hypothesis. People who lost a lot of money as a result of Doge's price manipulation became unstoppable and there may be some element behind the attack or accusation. Because it is possible that this could happen. Seeing the many tweets, hashtags or push likes of Doge on Pump is proof that people want to take profits or want to return capital that has already invested large amounts.

The source of the original report is here Dogecoin Gaining Traction for Illicit use (https://hub.elliptic.co/analysis/dogecoin-gaining-traction-for-illicit-use/). As we can see Elliptic is an AML  and cryptocurrencies tracking company, so it's unlikely, that the companies are butt-hurt entities whose attack Dogecoin because of a loss of money. Instead, they do what they suppose to do, monitoring the blockchain. And they find great press material for the reports, it would be good publicity for them since Doge is a widely known coin.

There is a Doge Road Black Marketplace?  Its not such a joke after all some are really using it to buy drugs. It looks like the authorities have a new target to catch.
But like what is known any coins can be used to pay for illicit activity, its just that they find doge to have a value and good for payment this time.


If they are going to send to. Pretty sure they know this already which they will soon be avoiding CEX too. We'll probably seeing doge mixer later.

The darknet market on the link I addressed above is surely not a big deal compared to other means. More importantly, the mentioned Doge Road marketplace and Archetyp swap service were already defunct according to the reports.

Exactly, people are dazzled thinking cryptocurrencies are only being used by criminals and to do bad things, etc. While in fact, by any means of economic exchange, a person who would do bad things will make use of any tools that are available/benefit to them.

Some people are just highlighting its bad use, but if you look at the figures, it is so small as compared to let's say using fiat.
This is why for those people who are reading such kind of news, they need to be objective and logical on what's being presented.
Check the numbers and see if that is really significant to influence the illegal market or are they just highlighting its usage in the bad light?
Because it is true, these criminals will use any form of currency that they can get a hold of, as long as they can use it.