Bitcoin Are Now Used in Crimes

[DaedRik3]

You know what is the most used in Crimes ?






$$$ Oncle Sam money $$$

[Haxor321]

Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar.   Soon we will see more ways people can squeeze the most out of bitcoins.   Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.  

These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet.  Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage.  Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening.  Actually, the US has already cases on this matter.

Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.

Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.

As far as i know the bitcoin is already use in the black market a long time a ago because of the perks it gives to the user and it is anonymous so no one could detect your transaction if it is illegal but they can see the transaction happening so Yes bitcoin are use in crimes but just a medium or instrument to send or may a illegal transaction like selling drug guns and other illegal things without the prohibition of the government so obviously secretly they are selling this.

[Accessence]

It's just unfortunate that everything that could be otherwise used for something completely legal can also be used for illegal purposes. Use cases of bitcoin that are both legal and ethical far outweigh any of the negatives it might had and that makes it a stunning technology.

[kenji]

Bitcoin isn't even a drop in the bucket.

[Rascar Capac]

Well people were paid in cash for crimes too, bitcoin is just another currency. And why now, BTC rose with the darknet markets that sold guns and provided what all services. Still provide I think

[Blue Bell]

If its a new post then this Iam surprised,how come BITCOINS are used in crimes,they have been used since long as I have seen lots of news about the same infact SILK case is of the same.So I wish and pray that BITCOIN goes only in the nicest and ethical way !

Its such a bad thing when someone is using bitcoin for crime and I think it must be stop if bitcoin is using in crime so I think there is only one reason that bitcoin is using in crime and that is its high price because when you will convert bitcoin to your local currency so it will give you a very huge profit so I’m sure they are earning bitcoin and then they changing in their local currency so I will request to bitcoin power to find some way to fix this problem.

[Glutius]

Entering with the help of bitcoins is a very obvious and expected process. Now every week there are many new wallets, new projects. In crypto currency, many millions of dollars are invested every day. But from the work of hackers and scammers, no one is 100% insured. It's just now that this is a new direction for them.

[Parodium]

Wow, bitcoins are used during crimes? Jesus, did you know that oxygen, water and cash money are also used during most crimes?

Better ban those quick before it gets out of control.

[saedasda]

Deepweb users is the one who use it first bitcoin before us and they are the reason why bitcoin is now popular. And i want to thank to them because they pump bitcoin price too hehe

[tikong]

Yes, Bitcoin is being used for crime and it increases the already heightened global crime levels. Sad thing is, there's not so much that can be done about it, at least at the moment. Fiat currencies are also used to perpetrate crime as well so this shouldn't be over whipped. Though crime rate with Bitcoin is high, for me it does more good than harm in terms of money decentralization and profit making, among others.

[kilwaXX]

BTC is a open market , everything can happen with it and yes there is few uses assign to criminal and terrorist like every thing in this world there is a positive side and negative side .

[devarajdp]

Entering with the help of bitcoins is a very obvious and expected process. Now every week there are many new wallets, new projects. In crypto currency, many millions of dollars are invested every day. But from the work of hackers and scammers, no one is 100% insured. It's just now that this is a new direction for them.

[jdeanne92]

Yes, nowadays it’s being used in crime, they buy and sell online and pay by bitcoin. Because it’s untraceable. So police can’t get clue to caught them. I think it’s dangerous.

I have witnessed this personally. My colleague paid it with bitcoin. And eventually the police didnt get any clues about the incident. So far that was my first and last encounter about that kind of illegal act.

[Cryptoshaft]

Yes, nowadays it’s being used in crime, they buy and sell online and pay by bitcoin. Because it’s untraceable. So police can’t get clue to caught them. I think it’s dangerous.

I have witnessed this personally. My colleague paid it with bitcoin. And eventually the police didnt get any clues about the incident. So far that was my first and last encounter about that kind of illegal act.

such a great experience 
did the police ask anything to you about the incident ?
or do you mean they don't even heard about the incident ?

[SangkuniBird]

Bitcoin uses peer-to-peer technology to operate without authority or central bank; managing transactions and issuing bitcoins done collectively by the network. Bitcoin is open-source; The design is public, no one controls or controls Bitcoin and everyone can take part. Through its many uniqueness, Bitcoin allows exciting use that can not be covered by the previous payment system.

[Noesly]

I think bitcoin are not totally used in bitcoin, most of them used in a good way, and it will says, dont judge the book by its cover, dont judge if thet have no ivendence, i think most of all bitcoin used in a good.

[emondot]

Because the identity of the owner can not be traced, bitcoin becomes the idol of the criminals in cyberspace. The potential crime of using bitcoin is not just the bitcoin theft itself, but other crimes such as drug sales, terrorist financing to money laundering.

[asha18]

BTC was not created for the crime. But not all people in the society are the same. So maybe some people might use it for criminal activities. Because any type of transaction of BTC can be detected. That's why armed criminals can use Bitcoin for the crime.

[Justin Dowman]

Criminals can easily use bitcoin to obtain ransom - their identity can not be revealed. The digital currency is also linked to online sales, money laundering and sexual trafficking. Despite of that, each of which is connected with the use of crypto-currencies. Blockblocks "provide a really useful source of truth," says Jonathan Levin, co-founder of Chainalysis, who develops software tools for analyzing block data. The company's products can help researchers draw conclusions about how people use the currency.

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[Tatalk]

I think this is the only bad thing that ever happened to BTC  because except this single disadvantage BTC has all advantages. Being decentralized cryptocurrency, criminals are using it for their bad deeds and due to its decentralization, their identity is also not revealed, so many illegal activities like terrorism, Ransom killing, kidnapping are happening with the help of BTC but once it has been centralized, government would take control over it and then would be 100% secured.