Cyber Crimes and Crypto

[bolajiy123]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

[VanDeinsberg12]

Crypto used the decentralized system and that is difficult to control it consider anything in the decentralized system will be permanent.
Self regulation doesn't work when it comes to the decentralized ecosystem.
The criminals will not be stopped until all of crypto users will be fully educated about that. It's impossible to control crypto but it's possible to make users will be more educated.

[legendster]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

yeah the moment you try to create more control in this space, it would result in more centralization and government involvement. The fact that governments are shitty and corrupt is the exact reason why crypto exists in the first place.

[sheba]

"Prevention is better than cure" that phrase really means something within this topic. I agree with VanDeinsberg12 that the people should be more educated so such cases will be lessen or in the future be gone.

[bhadz]

Cyber crimes as related to crypto crimes only. These articles and studies are bias although I know that there's fact in it. However, they are bias in a way that they are describing these crimes related to crypto but how many crimes are occurring daily with credit card frauds? those cyber crimes that are stealing bankers fiat money. These criminals, hackers, scammers will remain to exist, they all came from the traditional financial crimes and now they've just upgraded themselves.

[tsaroz]

It's not that there were no cyber crimes before the introduction of crypto. But surely it's been easy to move money around with crypto.
There are still many factors involved in cyber crime and money is the ultimate bargain for the criminals. To safeguard ownself from such crimes, we need to be cautious and use preventive measures to insure security of our hardware and software and use latest technology to block any penetrations.

[pankowri]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

It is really shocking news but true and almost we have nothing to do in this decentralized ecosystem. Crypto currency is almost decentralized and it is known to all

[timmmers]

It is due to the nature of this ecosystem. It is open for everyone, everyone is free, there is no limits. And with this also come the downsides: there is no entity that will protect you against hackers, thieves or your mistakes.

[carter34]

I think this will be fine in legal board for discussion.

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

Anyway, it depends on the angle you are looking at the cyber crime from. Are you including the scam icos as cyber crime too ?
Because, they have actually gulped people's cash with impunity.

[Febo]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019
All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

Of course hacks and robberies will happen. Security is not that much developed. Although it develops super fast.   I do not see any reason it would give bad name to crypto.  It does not. But those that use crypto need to be aware of it and extra cautious.

[bartolo]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name
https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

When hackers steal fiat money from people via phishing attacks, does it give fiat money a bad name? Art forgery gives art a bad name? Crypto is becoming part of people's daily life, it's normal that some criminals see a niche in it.

[South Park]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

While it is unfortunate that so much money has been lost I disagree with the solution you want to implement, we are supposed to be our own bank and while this give to us an incredible amount of freedom it also comes with a huge level of responsibility, each one of us is responsible to take care of our coins because once those coins are no longer in your wallet then it is impossible to recover them but it seems this simple truth is lost on most investors since they do not really try to learn what are the principles behind cryptocurrencies since they are only interested in getting quick profits and nothing more.

[dhemasm]

This ponzi/pyramid scheme always seems to be a very interesting one to follow, I do not understand why there are still those who can fall into the same hole even though there are already examples like bitconnect. As written in the article, the majority of cyber crime occurs almost 50% from this scheme ($ 2.9B), While the hack case is only around $ 500 Million

Read here for more details: https://cointelegraph.com/news/vanuatu-extradicts-six-chinese-citizens-allegedly-involved-in-crypto-scheme

I think that means educating normal people is also important aside from security in crypto wallet, exchange, etc. So we cannot blame entirely on crypto because it has a decentralized nature, isn't it?

[firmino10]

I tell people that the main reason crypto is yet to be accepted worldwide is because of the high level of fraudulent activities taking place in the crypto market which is giving it a bad name.

[tycsols]

I think it is high time we have some crypto police or some global cyber crime agency where all these crimes can be reported and then that authority can investigate and charge the guilty persons and also implement fines and punishments according to the severity of the crime.

[adzino]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

Bad name? Come on man, crimes happen. There is nothing you can do to stop it. People commit frauds and crime everyday using fiat currency. Is it giving a "bad" name to those currency? People use prepaid cards and gift cards to hide their identity when selling illegal stuffs online. Are those prepaid cards getting a "bad" name? Just because the crime is related crypto currency the media is exaggerating.

[flemmings02]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

It is true the that a lot cyber criminals are turning to crypto to carry out their schemes because cryptocurrency makes everything easier for them including making deals, and sharing the loots after their successful operations, but without crypto these criminals will exists, so crypto technology is not to be blamed for anyone's wrong doings, It's just like blaming guns and bomb investions because terrorists are also using them.

[danggoron]

Based on the article, most cases of crime in the form of hacking exchange, there are also scam projects, that's how the fraudsters try to benefit from the popularity of cryptocurrency. People who have maintained their assets to the maximum sometimes can still lose, especially ordinary people who have not adapted to the cryptocurrency ecosystem. Well, that's how the news plays its role, it should also be reported on the good side of the development of cryptocurrency, how many people have had success with this.

[darylalban]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

Bad name? Come on man, crimes happen. There is nothing you can do to stop it. People commit frauds and crime everyday using fiat currency. Is it giving a "bad" name to those currency? People use prepaid cards and gift cards to hide their identity when selling illegal stuffs online. Are those prepaid cards getting a "bad" name? Just because the crime is related crypto currency the media is exaggerating.

I feel confident knowing that cryptocurrency is better than fiat and will be able to showcase that through stopping these sorts of crimes before they happen. Unlike fiat. I think what Ciphertrace is offering is actually really helpful for the space.

[shoreno]

Based on the article, most cases of crime in the form of hacking exchange, there are also scam projects

i dont think its exchange that have alot of crime cases but its the ico because there are more numbers of ico when compare to exchanges  , its also detectable if an exchange is fraud and people will mainly use the trendy ones  but its hard to pick a an ico  .

People who have maintained their assets to the maximum sometimes can still lose, especially ordinary people who have not adapted to the cryptocurrency ecosystem.

those ordinary people that your talking about are sometimes more cautious enough on what they do because they are scared of hacks and scams while extra ordinary users tend to try new things and love to take risks , so most of them are prone to scams and hacks .