Ponzi scheme scammer uses BTC to cover tracks

[taufik123]

-snip-
Can his BTC address somehow lead to an arrest?
Ponzi schemes don't last long. And historically these people are arrested because the source of the money is easily identified.
Now with BTC I think it is much harder to identify the scammer and to stop the scheme. I think it's harder for any government to prove that there is a Ponzi scheme in the first place

Very can and the BTC address will reveal who the perpetrators are behind the Ponzi scheme.
And you are wrong about the difficulty of identifying scammers via BTC addresses, because BTC uses Blockchain recording technology where all transactions will be recorded and cannot be deleted, so that the source of the money and where it ends will be known even if they use the bitcoin mixer platform service.

To prove a Ponzi scheme or report about a fraudulent scheme that is being carried out, it all depends on how many victims report it, and the losses are estimated, so that the government can move quickly to catch the perpetrator of the Ponzi scheme.

[Ryker1]

-snip-
Can his BTC address somehow lead to an arrest?
Ponzi schemes don't last long. And historically these people are arrested because the source of the money is easily identified.
Now with BTC I think it is much harder to identify the scammer and to stop the scheme. I think it's harder for any government to prove that there is a Ponzi scheme in the first place

Very can and the BTC address will reveal who the perpetrators are behind the Ponzi scheme.
And you are wrong about the difficulty of identifying scammers via BTC addresses, because BTC uses Blockchain recording technology where all transactions will be recorded and cannot be deleted, so that the source of the money and where it ends will be known even if they use the bitcoin mixer platform service.
^[snip]

If the scammer is very smart and wise, it could be a 30% of chance that they will recover it from a scammer. Yes --bitcoin could be tracked but you don't know who is the owner of the address where it landed. P2P exchanges and bitcoin mixers could be an option for this scammer to hide the scammer's identity. However, there are a lot of tools now that can track transactions but I think it takes too long before this case will close.

[Bitstar_coin]

Is the Ponzi schemer still alive? I assumed that crypto users were already aware of how a Ponzi scheme works and how to protect their funds. Ponzi schemes never last, and the people who run them are scammers. Once they have raised a sufficient amount, they can proceed with the funds. If the BTC address is not public, there is no way to track the scammer. Just keep in mind that there is no money-making machine that will provide you with high returns. Use your brain and save money.

Unfortunately there are still few ponzi schemes around. It appears not everyone has gain the know of understanding ponzi and avoiding them. Few people still fall victim in ponzi scheme which is not likely at this very time.
It is going to be a continuous campaign against ponzi schemes, educating people to avoid ponzi and such falea offer to give them high percent.

[taufik123]

If the scammer is very smart and wise, it could be a 30% of chance that they will recover it from a scammer. Yes --bitcoin could be tracked but you don't know who is the owner of the address where it landed. P2P exchanges and bitcoin mixers could be an option for this scammer to hide the scammer's identity. However, there are a lot of tools now that can track transactions but I think it takes too long before this case will close.

No matter how smart the scammers are, they will eventually get caught.
The final landing place to know the owner really needs time and the address will continue to be monitored. cases like this also depend on how many transactions were made or the amount of money the scammer managed to cheat.

The more there are, the more focused on finding the main perpetrators, as in the case of hacking carried out by several hackers who moved millions of dollars from their wallets which will continue to be monitored by the FBI.

About Options, P2P mixers are also targeted for tracking as authorities will target these platforms to provide the required data that leads to suspicious users. The government and law enforcement agencies have full authority regarding the disclosure of cases like this if necessary.

But if it's only a small transaction, maybe the case will just disappear.

Unfortunately there are still few ponzi schemes around. It appears not everyone has gain the know of understanding ponzi and avoiding them. Few people still fall victim in ponzi scheme which is not likely at this very time.
-snip-

Ponzi schemes target those who still don't understand what a Ponzi really is. Those who are trapped are also promised various benefits without knowing what a Ponzi scheme really is. Currently, Ponzi schemes use crypto as camouflage to run their business, so crypto becomes a good place for them and it seems as if they are building a crypto project that promises a lot of profit. even though the scheme used is a Ponzi. I found a lot of Ponzi scheme projects in crypto and in the end, it hurt a lot of people.

[borovichok]

Is the Ponzi schemer still alive? I assumed that crypto users were already aware of how a Ponzi scheme works and how to protect their funds. Ponzi schemes never last, and the people who run them are scammers. Once they have raised a sufficient amount, they can proceed with the funds. If the BTC address is not public, there is no way to track the scammer. Just keep in mind that there is no money-making machine that will provide you with high returns. Use your brain and save money.

Ponzi scheme will always remain in the space because there's are more obstacles in the space and they're all scams. Taking good steps to prevent scam is one big nice tep and very tradeable interms of security. Crypto having one of the most amount of scams and it's generating as the day goes by, but it can not be eradicated but prevented, and it's by getting enough knowledge on how it works,  there by making more users serious about it. There's absolutely no investment that will grant you double or triple of money invested and later telling people that they need time to upgrade their online site.

[Oilacris]

Is the Ponzi schemer still alive? I assumed that crypto users were already aware of how a Ponzi scheme works and how to protect their funds. Ponzi schemes never last, and the people who run them are scammers. Once they have raised a sufficient amount, they can proceed with the funds. If the BTC address is not public, there is no way to track the scammer. Just keep in mind that there is no money-making machine that will provide you with high returns. Use your brain and save money.

Ponzi scheme will always remain in the space because there's are more obstacles in the space and they're all scams. Taking good steps to prevent scam is one big nice tep and very tradeable interms of security. Crypto having one of the most amount of scams and it's generating as the day goes by, but it can not be eradicated but prevented, and it's by getting enough knowledge on how it works,  there by making more users serious about it. There's absolutely no investment that will grant you double or triple of money invested and later telling people that they need time to upgrade their online site.

Come in mind that there would be no scams if theres no one letting themselves on getting scammed and thats the truth.Considering that this market is involved which huge money that circulates around

then it wont really be surprising that this would be a honeypot for scammers, swindlers and hackers all around which it is really just sensible for us investors and holders to mind off about the security

of our coins via using up non custodial wallets and be mindful on how to make use of centralized platforms which does have a bad history on those incidents
which causes up huge stolen funds and something correlated.

[Alpha Marine]

Is the Ponzi schemer still alive? I assumed that crypto users were already aware of how a Ponzi scheme works and how to protect their funds. Ponzi schemes never last, and the people who run them are scammers. Once they have raised a sufficient amount, they can proceed with the funds. If the BTC address is not public, there is no way to track the scammer. Just keep in mind that there is no money-making machine that will provide you with high returns. Use your brain and save money.

Unfortunately there are still few ponzi schemes around. It appears not everyone has gain the know of understanding ponzi and avoiding them. Few people still fall victim in ponzi scheme which is not likely at this very time.
It is going to be a continuous campaign against ponzi schemes, educating people to avoid ponzi and such falea offer to give them high percent.

The bad news is if you try to educate some people to avoid Ponzi scheme, they'll feel you're advising them to leave a profitable investment. People are so easily brainwashed because of their greed. They've seen an invested that will guarantee them 200% of their actual money in a month so who are you to tell them otherwise. I have met few people that i advised against Ponzi and they listened while some didn't. I have also met one that have lost a lot of money in Ponzi but she said she will still go into another one if she sees the opportunity. According to her its an investment and investment comes with risk.

[RealMalatesta]

Very can and the BTC address will reveal who the perpetrators are behind the Ponzi scheme.
And you are wrong about the difficulty of identifying scammers via BTC addresses, because BTC uses Blockchain recording technology where all transactions will be recorded and cannot be deleted, so that the source of the money and where it ends will be known even if they use the bitcoin mixer platform service.

To prove a Ponzi scheme or report about a fraudulent scheme that is being carried out, it all depends on how many victims report it, and the losses are estimated, so that the government can move quickly to catch the perpetrator of the Ponzi scheme.

There is also mixing though, and we could be losing the sign of them. I mean the simplest one, if there is a small scam, then they could just put their money into binance, with a token or coin they will not use, and just use a dex to turn their btc into any token and so forth. Long story short, it is quite possible to lose all of your tracks if there isn't a big one.

Obviously if it is like 100+ million dollars or whatever, then they won't be able to hide it, because everyone would be joining on the track and investigate where the money is going and that would cause a bit of trouble for them. This is why it's quite important not to be alone when you are scammed.