DOGE records increased utilisation in criminal activities, research shows

[jostorres]

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?

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.

[hyudien]

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?

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.

[vv181]

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?

~
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. 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.

[cabron]

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.

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

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.

[vv181]

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.

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.

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.

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.

[TimeTeller]

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.

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.

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.

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.