Crimes involving crypto have risen

[hahay]

"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.

Because of that a lot of investor who mostly didn't know about crypto must afraid to use or to join for the crypto world. As we see the price was develop slowly then sometimes it dump. Because of a lot fake news, it always affect the investor on who saw the news so for now there has a bad image on crypto.

If we look for truth about crime and fraud data involving crypto, at least the data will continue to increase from year to year, and if it continues to happen, of course it will have a very bad impact because as far as I know after reading a number of articles, at least the scam projects outside there is a form of this problem continues to increase and not only about hacking a wallet and exchange because it is with the scam project that continues to emerge that the crime will continue to occur.

[Brunus]

It seems to me one of the usual propaganda statements made by those who have an interest in blocking the spread of crypto.
The crimes that can be committed with crypto can very well be committed even better with cash.
And anyway they are statements that cannot be contested, therefore they have no value.

[supercanada1]

It seems to me one of the usual propaganda statements made by those who have an interest in blocking the spread of crypto.
The crimes that can be committed with crypto can very well be committed even better with cash.
And anyway they are statements that cannot be contested, therefore they have no value.

Such statements are often spread on social media in order to distract people from the usage of crypto currencies and spread negative image about this new technology. Such rumors are spread by those who are ruling fiat hence controlling the economy of other states and people. They don’t want crypto to rule the world because in this way they are going to lose control over the economy of other states and people. Crypto provides user all control over his wealth.

[btcmurat]

Bitcoin spread. In this case, bitcoin with fraud became widespread. Bitcoin or a different tool for money scammers. Because agents can change. Blockchain presents the new economy. But there are great puzzles. People invest without learning the system. This offers scammers the opportunity.

[kotik085]

Crimes related to crypto are growing and telegrams are contributing to this. It is necessary to introduce technologies that would nip criminal activity in crypto.

[Polar91]

It seems to me one of the usual propaganda statements made by those who have an interest in blocking the spread of crypto.
The crimes that can be committed with crypto can very well be committed even better with cash.
And anyway they are statements that cannot be contested, therefore they have no value.

That is because of the absolute freedom that cryptocurrency provided them in their business. Actually with this, it is also our duty to make ourselves safe from crimes in cryptocurrency, we all have the freedom to decide and each of decision matters. If we commit a decision that will definitely expose risk in our funds, then it is our responsibility and it is us ourselves to blame. Though, one great thing cryptos freedom have imparted into us is to become responsible and self reliant which is in fact a good characteristic for becoming financially literate especially when using cryptocurrency.

[meliodas]

Bitcoin spread. In this case, bitcoin with fraud became widespread. Bitcoin or a different tool for money scammers. Because agents can change. Blockchain presents the new economy. But there are great puzzles. People invest without learning the system. This offers scammers the opportunity.

Once something goes popular, it is common to see people who are ignorant and clueless to jump into something. Bitcoin is one of the most popular currency in the world and as bitcoin goes mainstream, a lot of people are taking advantage it both for good and bad stuff. We cannot prevent those since the community is huge. It is their responsibility to be educated in terms of avoiding the bad stuff.

[DevilSlayer]

It seems to me one of the usual propaganda statements made by those who have an interest in blocking the spread of crypto.
The crimes that can be committed with crypto can very well be committed even better with cash.
And anyway they are statements that cannot be contested, therefore they have no value.

That is because of the absolute freedom that cryptocurrency provided them in their business. Actually with this, it is also our duty to make ourselves safe from crimes in cryptocurrency, we all have the freedom to decide and each of decision matters. If we commit a decision that will definitely expose risk in our funds, then it is our responsibility and it is us ourselves to blame. Though, one great thing cryptos freedom have imparted into us is to become responsible and self reliant which is in fact a good characteristic for becoming financially literate especially when using cryptocurrency.

As a part of the community, we should not tarnished the image of it. The reason why there are people who are afraid because the misconception. I interview some people and they are afraid because the only thing that they know that criminals are using it. They think using cryptocurrency is illegal and bad. That is the sad part because the misconception is continuing to spread.

[Harriti]

"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.

Perhaps as we need to get used to this. I had hoped the SEC would get involved in the crypto market and manage a series of scam projects but it didn't. I suddenly realized this was a spontaneous market and was not approved by governments. Therefore, all activities here are counterfeit and it is illegal. Therefore, we should protect ourselves by protecting our computers clean and never click on strange links, this will prevent you from losing money for hackers.

[Trela]

As a part of the community, we should not tarnished the image of it. The reason why there are people who are afraid because the misconception. I interview some people and they are afraid because the only thing that they know that criminals are using it. They think using cryptocurrency is illegal and bad. That is the sad part because the misconception is continuing to spread.

It's so usually! My parents or most of the people I know are 40 or older have this thought, even for those who are not knowledgeable about the internet or paying online. They only know crypto through investment stories with huge profits, and that makes them pay attention to this field. So when they learn about it through investment, they often come across Ponzi communities, otherwise known as crooks - criminals. Finally, they become the victim and spread the rumor out.

[drachman]

It seems to me one of the usual propaganda statements made by those who have an interest in blocking the spread of crypto.
The crimes that can be committed with crypto can very well be committed even better with cash.
And anyway they are statements that cannot be contested, therefore they have no value.

While it is obvious I do not like that propaganda at the same time I understand it, the people in positions of power know very well they cannot stop bitcoin by any conventional means and they understand that at least they need to slow down the adoption of bitcoin to try to buy time until they can find a way to do stop bitcoin, but it is clear the hypocrisy on their words since all they accuse cryptocurrencies to allow happens at least 100 times in their system and they do not say anything about it.

[Webetcoins]

As a part of the community, we should not tarnished the image of it. The reason why there are people who are afraid because the misconception. I interview some people and they are afraid because the only thing that they know that criminals are using it. They think using cryptocurrency is illegal and bad. That is the sad part because the misconception is continuing to spread.

It's so usually! My parents or most of the people I know are 40 or older have this thought, even for those who are not knowledgeable about the internet or paying online. They only know crypto through investment stories with huge profits, and that makes them pay attention to this field. So when they learn about it through investment, they often come across Ponzi communities, otherwise known as crooks - criminals. Finally, they become the victim and spread the rumor out.

Those people who do not have complete knowledge of bitcoin or the crypto market; they are the ones who easily fall victim to these scammers. We need to guide elderly people in our surroundings about this technology especially the ones who are interested in using this technology. Moreover this looting is not only in this market, scamming happens with credit cards as well. This is something observed in every market.

[chikading2016]

I believe that there are so many people that already know the amazing profit that we can get in crypto if we know how to deal with it, so some people grab the opportunity to get some easy money buy scamming others through the used of crypto currency, so the crime involving crypto is expected to rise in the near future.

[Karmakid]

I believe that there are so many people that already know the amazing profit that we can get in crypto if we know how to deal with it, so some people grab the opportunity to get some easy money buy scamming others through the used of crypto currency, so the crime involving crypto is expected to rise in the near future.

It is not only about the scamming, there are deeper type of illegal activities or crimes that are happening behind cryptocurrency. One of them is buying and selling drugs which cryptocurrency became a great tool for criminals because of the anonymity and also because of the fast transaction that they experience without leaving any trace. I know that it is one of the bad things that will affect the reputation of the cryptocurrency but I believed in the near future, with the help of the government, we will avoid having those activities.

[BuNga_cute]

I am sure many people who take advantage of situations like this want to drop the popularity of cryptocurrency. Indeed, cryptocurrency
in addition to generating profits, but can be used to facilitate crime. And I'm sure crime involving crypto will not as much as crime involving
fiat. But strangely, who always gets the spotlight is always the negative side of crypto, I'm sure there are those who want dropping crypto.
Although it must be recognized that crime involving crypto every year increases, but that does not mean crypto is bad.

[dvmmayowa]

Its the same scenario with the traditional banking system, we cannot totally control this aspect of the industry no matter how careful we're even if its been regulated.

Crypto obviously has more advantages than disadvantages and its an enough reason to justify its stay.

[xen1oph]

"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.

Investing in crypto for a good cause has also increased, so everything is going well. The main thing is to do well yourself 

[Palider]

Crimes related to crypto are growing and telegrams are contributing to this. It is necessary to introduce technologies that would nip criminal activity in crypto.

Yes many scammers now in Telegram and they creating fake accounts like moderators on exchange telegram groups and some others are just dm you immideiatly and they will ask what the problem on your withdrawals or  in your account which is not true because they just a fake mod. And this is what we need to aviod because all TG mod not dm you first if you have problem.

[drachman]

Its the same scenario with the traditional banking system, we cannot totally control this aspect of the industry no matter how careful we're even if its been regulated.

Crypto obviously has more advantages than disadvantages and its an enough reason to justify its stay.

It is not exactly the same, while there is no doubt that scammers and hackers are taking advantage of the technology to get money, in the traditional banking system you can easily recover the money that was stolen from you, but this is not really an option in this market, you are the only one that is responsible for your coins and if you lose them then everyone in the forum will be sorry for your loss but there will be nothing anyone could do to help you to get your coins back.

[binhvo1505]

"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.

There have been many attempts from exchanges to prevent hacking, but most have failed.  Because blockchain technology is mostly open source, it is quite easy for hackers to get information.  Therefore, the system security must be more and more advanced.