Security

[Kemarit]

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.

This is actually true. Wallet Address doesn't have any name of it. So we really don't have a way to trace the fraudster.

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.

The only way to link them is through blockchain. There's chainanalysis, but it has a limit as well. If this fraudster uses what we can mixing services, then its really hard for the authorities to track them down. I do hope that this is another lesson we need to learn and very expensive one. Just don't trust anyone, specially ICO because its very prevalent and 90% are all scams.

[carlisle1]

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.

If you don't take precautionary measures about your accounts then you will become a victim of this scammers and sometimes also hackers.stop communicating to those you don't know,stop entering links that has nothing to do with your concerns from tht you can lessen the opportunities of becoming a victom of this damn people

[Ekanenf]

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.

What do you mean by "traced" trace his wallet address transaction or trace where he is and to know his real identity? you could always trace someone's wallet address transaction in the blockchain, but if what you are going to do is to trace his location then it might be a difficult thing to do, that is not going to work just like that, you are going to need more plans and steps to locate that scammer.

[kangbasir]

if I think bitcoin itself is seen as a safe asset like gold in developed countries like Japan and Europe and bitcoin has various advantages, especially on the security side, so in my opinion, bitcoin blockchain is almost impossible to hack when we hold the key and store it safely.

[chosenboy4]

All in all, bitcoin is more secure than most existing financial services, including legacy banking platforms like SWIFT, which has been compromised repeatedly by hackers.

[georgiasus]

Use two-factor authentication for greater security of your tokens. Bitcoin is anonymous, but transactions are visible to everyone.

[prj112031]

it was his fault he was a little bit careless, everyone who have been hacked cant do anything about this.

[A Feeder]

Security on bitcoin is really important especially our wallet account to avoid hacking put your coins into safe place and make a password that hard to guess.

[megasynk]

Unfortunately there is no way for your friend to retrieve his money. Once they are gone, they are gone. Investing in ICO's today is very dangerous. It's easy to get scammed.

[ExciteStandout63]

Everything has some security issue. Don't worry.

[SimplifiedBoard54]

It will get better.

[BestAge41]

Stay sharp.

[Olayinka225]

Well....I think if that should be put in place, then I think bitcoin been anonymous has been jeopardized. I can and should say that bitcoin should remain anonymous because if it doesn't then the whole crypto is in jeopardy.

[Spring_Butin]

I would probably suggest 2FA Authy or Google Authenticator if we are holding a wallet. Get your own key, you will lose everything!

[Allen_Crowdcreate]

First thing you will remember in crypto is the security, because you are investing and we all want to become our investment to be secure. some company or projects offer good and well trusted in talking about security.

[Dudeperfect]

Bitcoin or crypto industry is all about self-responsibility and when we call it a system based on decentralization, there is also the responsibility along with the power. One should do some research before taking any decision as we all know that crypto transactions are irreversible.

[maskeffec]

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 it's impossible for you to return your money. You better forget that money! Because it's true that there is no way for you to track hackers here so all you have to do is stay cautious and be careful of links. Fake ICOs are also popular in the world of cryptocurrency.

[Radio-Active]

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.

You won't be able to know who they are unless you know their exchange wallet address.
When they want to wd the stolen bitcoin, the exchange should have prohibit it so they cannot withdraw either in crypto or fiat.

[libert19]

If you don't learn from others, you learn it hard way. Take it as a lesson and move on.

[Okrah]

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.

Learn from that experience and always be careful. There are lots of frauds and scams. We must be cautious enough for every transactions and activities.