Security

[Crystal24]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

[littlePig]

Bitcoin is a semi-anonymous currency, Bitcoin address owners are not explicitly defined but transactions are public.

[Red-Apple]

i am sorry to say this but it is the person's fault for losing money and there is nothing others can do for him. the warnings are there and we have been telling you not to trust ICOs since they are scams but you chose not to listen and give in to your greed.
you gambled and you lost. now learn from that mistake and move on trying not to repeat it again.

[0t3p0t]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

I think that person wasn't aware of his own safety or I mean he is not that ready to get into this industry it is because of something wherein he has to blame himself because of his carelessness. I think we need to follow the golden rule which is "If in doubt don't." We need to always check everything we are going to transact most especially to all outgoing transactions. I am new in this industry but I am very careful because I know that transactions are irreversible.

[Xester]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

It is possible to trace that person but you will need a lot of money and resources to use so you can catch the theft. Even big exchanges who spent millions of dollars have a hard time catching the culprit but there is no guarantee that the bitcoins will  be returned. So I guess let us just be vigilant and ready make some research and background check before investing on any ICO.

[Script3d]

i am sorry to say this but it is the person's fault for losing money and there is nothing others can do for him. the warnings are there and we have been telling you not to trust ICOs since they are scams but you chose not to listen and give in to your greed.
you gambled and you lost. now learn from that mistake and move on trying not to repeat it again.

the worst is he trusted a fake admin of the project i wonder how people fall for these type of scam its really easy to tell. i wouldn't say Ico's are scam but he gave his investments to the wrong person. he'll definitely fall for other scam he cant even tell an easy one.

[akitha]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

Of all reason why did he trust that person!We all know that scammers will do everything just to steal money from people!Pretending to be an admin why he didn't check on that project

[drm]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

Welcome to the decentralized world of crypto, this is how it works.
If you don't pay attention, you will get eaten.

[Phlaser]

Quite unfortunate this could happen to anyone but then each project have social media that are properly managed as well as websites to get all necessary information, so why dealing with someone privately. It is fault of your friend though as all needed info must have been stated on the website.

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

[jeihjeih]

Big price to pay for anonymity vs centralisation.

[demenBTC]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

It is possible to trace that person but you will need a lot of money and resources to use so you can catch the theft. Even big exchanges who spent millions of dollars have a hard time catching the culprit but there is no guarantee that the bitcoins will  be returned. So I guess let us just be vigilant and ready make some research and background check before investing on any ICO.

tracking the owner of a bitcoin purse until now nothing has worked, with whatever fund you track it all will be in vain, even the computer experts in the world have not been able to solve this problem.

[ShitTL]

Winklevoss had to resort to a special storage facility called the cold wallet. It is an electronic wallet that is not connected to the internet without being activated, so it can be safe from hacker intimidation. It is our great protection that we should learn

[melonbtchunter]

It is very important to ensure the security of any account and the main job. If there is no security, Account has no value. It can be hack anytime by hackers. In this case, you need to use various security walts for security. Because define your assignment on security. The stronger your security is, the better you can be.

[abanansah]

The unique of cryptocurrency is the anonymous features of it. A lot of people are attracted to bitcoins due to the fact that they can remain secret online and offline with their transactions.

[bitbollo]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

Invest in a new token, in a new rising project it's always risky.
What is this ICO? Can you post the bitcoin address so we can track transactions?

Anyway this is not a question related to bitcoin security. People should made their search before made any investment and not risk with un-secure products.

[braZZers123]

Yes, this will certainly increase security, but this will reduce popularity, as bitcoin may lose its anonymity.So why do something that negatively affects the whole.

[BitMaxz]

You can trace the bitcoin transactions, but you don't know who owns that bitcoin address.

Mostly ICO's are scam, there are some legit ICO's with a real project, but most of them are fake, if you going to invest your money why not stay invest in bitcoin instead and hold them for a long time then sell or you can invest in other coins that already listed on CMC because if you invest to them I am sure you can make profit if you know how to trade.

For now, those scammers and hackers can use mixer to hide their transaction activity and even professionals couldn't trace it easily so if you are planning to trace them better to stop it immediately because it's a waste of time.

[katarina007]

Sometimes they are scary people to keep their own key because they are afraid of losing it. I am sorry to say this but it is the fault of that person for losing money and nothing else can do for him.

[Arafat01775]

That is really so sad. You have to be always be careful about scammer. There are many scammer around us. So always be careful and avoid them.

[hitrawal91]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate in no small measure the prevalence of frauds.

Yes, this type of frauds are getting increase day by day and even I lost 0.01 BTC to a person who cheated me through craigslist.org where i though i could exchange my bitcoins with some other altcoins. There should be some application or registration process for some big dealers who indulge in exchanging bitcoin and other cryptocurrencies. Localbitcoins.com has come out a big website and the escrow system is really a good system to put into work and i think you should only use this website if you dealing bitcoin with local cash withdrawal.