Bitcoin Related Crimes Surge

[Kemarit]

It doesn't makes any difference, crypto or fiat, criminals will always find ways to steal money from unsuspecting victims. But to site once example about a tragic death of A Norwegian Man Killed After Selling his Bitcoins. So its really senseless, I just wish that the perpetuators will be caught and send to jail. Everyone should be careful not to discuss anything in public, particularly how much bitcoin or crypto assets you have, that's the first lesson we have to get into our heads.

[happyme1818]

From murders to kidnappings, it seems criminals are targetting Bitcoin hodlers these days. Now why is it that individuals are more careful with fiat than they are with crypto. This is money and more people (even crooks) are realizing that. I read this analysis of Bitcoin related crimes and think we should think of ways of keeping our crypto safe and our lives also. https://cryptoinfowatch.com/cryptocurrency-crimes-surge-as-industry-strives-for-greater-adoption/

Why would you relate murder and kidnapping in Bitcoin?  Transaction  using bitcoin is anonymous so how can they kidnap a person with so many Bitcoin not unless they announce it to the public that they have lots of Bitcoin in their wallet.

[Market-desi]

if I think bitcoin. can be used for crime bro. but all that depends on the principles and goals of each person. because bitcoin is like a knife that can be useful if we use it to peel fruit and so on ..if we use it to hurt someone it is an act that is not commendable and all of them will definitely be rewarded

[talkbitcoin]

when a currency is being used more by people that means it is being used by all kinds of people and one type is criminals. but don't worry about it because bitcoin can not compete with US dollar in this case because bitcoin is traceable

[bitbunnny]

First, Bitcoin is not anonymous, at least not at it was as first appeared.
Second, criminals are also aware that cryptocurrencies are great source of profit and that many Bitcoin holders are new richmen suitable for taking money from them. And sometimes people who use cryptocurrencies think they are more protected in virtual world, which is not true and because lack of cautious become vulnerable.
Third, Bitcoin and other cryptocurrencies are being used for all kind of criminal activities but that is nothing new anymore.

[krishnaverma]

From murders to kidnappings, it seems criminals are targetting Bitcoin hodlers these days. Now why is it that individuals are more careful with fiat than they are with crypto. This is money and more people (even crooks) are realizing that. I read this analysis of Bitcoin related crimes and think we should think of ways of keeping our crypto safe and our lives also. https://cryptoinfowatch.com/cryptocurrency-crimes-surge-as-industry-strives-for-greater-adoption/

Here is what can be done for this :

1) People should be made more aware for using crypto technology carefully and wisely so as to avoid scams.

2) There should be separate laws and departments to deal with crimes related to crypto.

[VanityWallets2015]

From murders to kidnappings, it seems criminals are targetting Bitcoin hodlers these days. Now why is it that individuals are more careful with fiat than they are with crypto. This is money and more people (even crooks) are realizing that. I read this analysis of Bitcoin related crimes and think we should think of ways of keeping our crypto safe and our lives also. https://cryptoinfowatch.com/cryptocurrency-crimes-surge-as-industry-strives-for-greater-adoption/

We all are aware with the decentralised nature of bitcoin and this is very obvious also that there is no one keep eye over all the bitcoin activities as there is no such proper authentic regulating body over bitcoin and this leads to its illegal use as some social defaulters knows this thing very well that bitcoin has no governing authority and thus use in selling drugs, explosives, money laundering etc and these are the illegal activities that are related with bitcoin and in order to stop this bitcoin needs to get legalised all over the world.

[Gabah56]

indeed bitcoin is very useful for its users. but sometimes bitcon is used by some irresponsible people. lazy to work hard. but his dream was to become a millionaire. finally choose a shortcut. which is stealing other people's assets

[MichaelOwen]

The anonymity of bitcoin is a part that bad exploits take advantage of, since then unlawful transactions will not disclose owner information.

[talkbitcoin]

From murders to kidnappings, it seems criminals are targetting Bitcoin hodlers these days. Now why is it that individuals are more careful with fiat than they are with crypto. This is money and more people (even crooks) are realizing that. I read this analysis of Bitcoin related crimes and think we should think of ways of keeping our crypto safe and our lives also. https://cryptoinfowatch.com/cryptocurrency-crimes-surge-as-industry-strives-for-greater-adoption/

Here is what can be done for this :

1) People should be made more aware for using crypto technology carefully and wisely so as to avoid scams.

2) There should be separate laws and departments to deal with crimes related to crypto.

i don't think we need a "separate law enforcement department" for dealing with cryptocurrency related crimes because these crimes aren't actually a different category of crimes!
for example hacking an exchange is a general crime called "hacking"!
or robbing someone's bitcoins at gunpoint is the general "armed robbery" crime.
so is everything else you can think of.

[enhu]

Criminals now sees bitcoin or any altcoin to be a good investment too?   

So we can say they are early adopter criminals . Seeing how much BTC crimes on TV being investigated, I guess they find inspiration of those who got away.
Its money and so criminals can cash out without paper trail, exchanges doesn't care where you got the coins and its easy to carry amounts of cash in the form of BTC.

[aliceHortrex]

From murders to kidnappings, it seems criminals are targetting Bitcoin hodlers these days. Now why is it that individuals are more careful with fiat than they are with crypto. This is money and more people (even crooks) are realizing that. I read this analysis of Bitcoin related crimes and think we should think of ways of keeping our crypto safe and our lives also. https://cryptoinfowatch.com/cryptocurrency-crimes-surge-as-industry-strives-for-greater-adoption/

The most important and paramount thing you need to do in order to protect your financial capital and your life is to talk less to strangers and unfamiliar people about what you do and how much cryptocurrency you have. Believe me, there are keys if you want) You may find it very naive and frivolous this advice, but believe me, this small but very important step will lead you to the safety of your money and health. In other words, keep your mouth shut.

[jseverson]

Well I'm sure some authorities would prefer that criminals use Bitcoin instead. Stats like this suggest that they're getting better at tracking illegal activity on the network, so they probably have a lead on most of these cases.

But yeah it doesn't really matter in the grand scheme of things. This doesn't define Bitcoin, and any reasonable person would acknowledge that.

Criminals now sees bitcoin or any altcoin to be a good investment too?   

So we can say they are early adopter criminals . Seeing how much BTC crimes on TV being investigated, I guess they find inspiration of those who got away.
Its money and so criminals can cash out without paper trail, exchanges doesn't care where you got the coins and its easy to carry amounts of cash in the form of BTC.

I've actually heard of exchanges freezing accounts because of shady activity. I can't really verify their legitimacy though. One reason why criminals still use Bitcoin over more anonymous alts is Bitcoin's liquidity. Alts are much harder to get rid off, especially without the help of an exchange.

[Susan Smith]

Because of their centrality and anonymity, many have relied on it for bad practices such as money laundering, tax evasion, crime. And no one is going to be responsible for these things, which is why governments are worried about Bitcoin exploding.

[antisocial77]

there was a statistic over the internet.crypto is almost at last of the list.its not about the people dont know crypto.if i do money laundry, i search every option.they do the same and use fiat currency.they think about this who says crypto is for illegality.

[tenakha]

The illegal activities have always happened and the reason is not Bitcoin. My concern is that why do they use Bitcoin if there are more anonymous digital currencies in the market? Maybe the smart ones use them and we just see the new ones. Anyway, Bitcoin's advantage recovers its disadvantages and it is not right to blame Bitcoin on irregular issues.

[freebutcaged]

Your post made me to go and watch "The first purge" again mate, fuck that movie is funny as fuck when
You think about it, that movie also has a new story, something new to look at something from a new angle
To have a night in every year to have the crimes completely legalized, including murder. nffa or new
Founding fathers. Bitcoin is the same in a way, it's a new idea and it has it's ups and downs without
A doubt mate. what people should know is that you should never tell other people if you have any
Bitcoins. when people don't know whether you have Bitcoins or not, they can never hurt you because
They don't know that you have any Bitcoins. all of these crimes happen because people know things
About you and your Bitcoins, they can't normally know if you have Bitcoins by looking at the transactions
In a site or block explorer, how they can find out is by knowing exactly who has those Bitcoins, when I
Think about it I can see that there is an easy way to find out and get this information by having the
Information from an exchange, the only way for others to know if you have Bitcoins is by having your
Information such as identity and related documents from an exchange, that's why you should make sure
Not to trust every exchanging services with your information, they can easily use that information to
Blackmail or hunt you down. how do you know if exchanges are keeping your information safe and are
Not using them to track Bitcoin owners and take their coins from them?

[Dexion]

today, many hackers with crypto specialists, their goal is bitcoin and some top coins like ETH and XRP.

even hacking exchange can make coins fall, like happened in Korea, bitcoin becomes low liquidity, and crypto exchange volume will fall drastically.

saving assets in a hard wallet and not saving assets in a wallet exchange is the best choice.

[jcarlo]

From murders to kidnappings, it seems criminals are targetting Bitcoin hodlers these days. Now why is it that individuals are more careful with fiat than they are with crypto. This is money and more people (even crooks) are realizing that. I read this analysis of Bitcoin related crimes and think we should think of ways of keeping our crypto safe and our lives also. https://cryptoinfowatch.com/cryptocurrency-crimes-surge-as-industry-strives-for-greater-adoption/

I dont believe cryptocurrency or bitcoin makes criminal activity increase. Many criminal using US dollar for their criminal activity and i dont think its related to US Dollars. Its about people behaviour and mentallity. I dont believe criminal have relation with bitcoin or cryptocurrency

[earlytrade24]

Just as long as bitcoin and other cryptos are showing an increase potential in profit, there will be malicious people who'd want to take advantage of other people's money and assets. It's easy money for them.