Cyber Crimes and Crypto

[arufox]

Cybercrime has been in the world for ages even before cryptocurrency created, In real world cyber crime netted more than $4.3B and is that any impact with fiat money? Nothing. Same like crypto if people use it for any illegal reason, will any impact to crypto?? Nothing, people always believe crypto

It's not about crypto but it's about people who use crypto in bad thing

[StreakW]

Giving crypto bad name?? Seriusly, all people now crypto is great not bad, if people using it for bad action not means will give bad image, because crypto or money is only dead things. You can use it for good thing or bad thing. So Cyber crimes not related to cryptocurrency but with personality

[Bonwin]

No wonder there are regulations against crypto in some countries. Although, some have now started embracing it and making good use of the technology in particular, to solve economic problems in their various countries.
Although, at some points you might not be able to separate both, except you are able to totally curb the former.

[patz22]

This is one of the reason why some people even the government doesn't believe and trust crypto because it is being used for illegal activities. I even heard that crypto are being used in the black market well especially that it is public yet we will never know the identity of the person but I guess I would agree on some statements that it should be regulated.

[seoincorporation]

Will be hard to stop the cyber crimes because they are smart guys and the number of hackers attacking grows each day. The best thing we can do is to put our coins in a secure place, we can put them on papers wallet or some option out of the network.

We can be sure the number of crimes will grow in the next years.

[maxreish]

Crypto crimes are increasing day by day. They have been using it as a crime tool, doing exit scams, hacks, etc. Criminals are actually dragging the crypto's name and putting a bad reputation into it. In our country, bitcoin and other related crypto thing hasn't been had a good name to hear for most of the people here. It's because scammers are using crypto to attract innocent people.

[upyem2k]

That is so pathetic here in Nigeria that even the security agencies regard you as an internet fraudster once they see you having any thing cryptocurrency wallet on your phone.

Although there are series of bad people in cryptocurrency world but IEO is a measure taken to limit their activities.

[ALLAH 1]

"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.

[ethereumhunter]

The crimes will always try to run with or without crypto, and there will be more things to be used for illegal activity. We cannot do anything, but we could use crypto or fiat as for good things, so we don't break any law in our country or other countries. So let we use crypto for a good thing, and we can also ask other people who use crypto for good things too like us.

I think the law will try to catch every people who use crypto for bad things and they have unlimited sources to find them, and it's only a matter of time to see they can catch the people.

[ALLAH 1]

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

[CryptoIyke]

Because crypto payments are not easily traceable or reversible, a lot cyber crimes are perpetrated through it, a particular wallet can be holding several million dollar worth of bitcoin without knowing who owns it which is different from other forms of currency. Not a good one for crypto but we hope for an improvement and a better security of the system

[Icologies]

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

yes that is if crypto is not used properly, many use crypto as a bad thing and harm many people, especially crypto users. because of what I know the criterion is not bound by law, so many are using it for things that are not good. then we as crypto users must maintain and utilize it properly and as well as possible.

[NoirSuccubus]

Cyber crime is not only related to crypto crime only it relates to the all social media pros and cons. I would like to say that prevention is better than cure.The people who are familiar with crypto currency should be more educated and aware about cyber crime so that such cases will be leesen or on future there will be no chances of happening such activities.

[Perfect35]

Mitigating cyber crime would have been easier if the tenets of cryptocurrency have not been architectured to evade the long arms of the law. Decentralization and blockchain technology makes it difficult to track the digital prints of an offender

You are right mate, but the beauty of this technology is the blockchain itself. Therefore, we cannot have cryptocurrency without block chain. Also, talking about decentralization, it is not exactly the problem, because it could have been regulated, if they wanted to. KYC is one of such measures.

[Korkorjkk]

Cyber criminals are those that make people scared to invest in crypto. But the problem is since there are no regulations regarding crypto, there is no one to deal with these criminals.

[Kemarit]

Mitigating cyber crime would have been easier if the tenets of cryptocurrency have not been architectured to evade the long arms of the law. Decentralization and blockchain technology makes it difficult to track the digital prints of an offender

I don't think that the cryptography wanted to evade the long arms of the law. It was design to be an alternative to the current fiat system. But everything went on the opposite direction when people started to used it with bad intent. How many times do we heard that authorities are saying that crypto are flowing freely in the dark net such as Silkroad? And this is a ongoing battle, a cat and mouse between bad actors in the cyberspace and between government hunting them down. I guess authorities doesn't have a success rate as we have seen few reports of cyber criminals being caught.

[kaya11]

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

That's too much money, isn't there a team of anti cyber crime internationally? I hope it will be at the discussion table of the countries that are dragged in to this, this isa big matter not taken light of.

[mitchr4]

Cyber criminals are those that make people scared to invest in crypto. But the problem is since there are no regulations regarding crypto, there is no one to deal with these criminals.

Investors will not be afraid of cybercriminals as long as they know how to protect their assets. The proof that they are not afraid of these criminals is seen from many of them who invest in Bitcoin and not affected by those issues. Indeed, there are no regulations on bitcoin so we must also be careful dealing with these criminals by always ensuring the safety of assets.

[Febo]

Blockchain should extremely help against crypto crimes since you cant copy digital asset published on blockchain.  You can copy a picture or a program and steal it easily. But internet is build as it is build. It is impossible to change that since got built from 90ties and even before. Internet security should be implemented on base layer. Same as it is unacceptability in Monero. You will not achieve it on second or third layer even if you will try it. Same as we fail with internet security.  

[Ozero]

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

This will definitely happen when the cryptocurrency is legalized by most states and then the issue of the general protection by states of their citizens from cybercriminals will naturally become a question. This evil can only be combated together and only by the joint efforts of the state law enforcement agencies, given that these crimes are almost always international in nature.
Today, cybercrime is a very big problem for cryptocurrency users, and especially beginners in cryptocurrency.