Cyber Crimes and Crypto

[bering]

When crypto isn't regulated yet then the criminals will always be aiming crypto users and i had read the article above that most of hackers stole bitcoin from the exchange and crypto users and i think government should be more concern about this because it's very detrimental to many people and government purpose should be protect their citizen

[mamahdedeh]

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.

investors know how they secure their wallets, so if that step is understood, there is no need to worry anymore about losing assets from the criminal acts of criminals. criminals get access to our wallet because we are allowed to follow the directions of those we don't realize, it becomes a trap and our wallets become threatened

[ancafe]

many actions have been taken to prevent this. of course law enforcement will continue to search for, and track down anyone involved in this crime.

however, we need to know that events like this are indeed very difficult to stop. there are trillions of humans at the moment, and we don't know who will commit crimes in the crypto world, even this isn't just happening in the crypto world even in the real world.

this is new news that I got, and it happens in the real world, but it is related to crypto.

https://cointelegraph.com/news/two-masked-thieves-caught-on-tape-stealing-bitcoin-atm-in-the-us

[Lexurdania]

many actions have been taken to prevent this. of course law enforcement will continue to search for, and track down anyone involved in this crime.

however, we need to know that events like this are indeed very difficult to stop. there are trillions of humans at the moment, and we don't know who will commit crimes in the crypto world, even this isn't just happening in the crypto world even in the real world.

this is new news that I got, and it happens in the real world, but it is related to crypto.

https://cointelegraph.com/news/two-masked-thieves-caught-on-tape-stealing-bitcoin-atm-in-the-us

I think it is difficult to ensnare scammers in the cryptocurrency market because there are still not many countries that regulate it. Without regulation, it is difficult for law enforcement to imprison fraudsters and this is the bad side of the cryptocurrency market but I think in the future more and more countries will regulate the cryptocurrency market

[Samboo]

Crypto-related crime has taken place randomly lately with the popularity of cryptocurrency growing. According to the article, it has reached $4.3 billion in 2019, which will obviously tarnish the entire crypto space. In order to curb crypto-related crime, regulations must be in place at the earliest.

[jagaban]

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 is one of the major shortcomings of decentralization as it accords each individual total control of their financial behaviour online. With centralization, however, there is a limit to what each person can do and also a watchdog continuously monitoring the movement of money between wallets. If crypto will ever get legalized, then it will have to be centralized to a point where security can monitor all transactions to prevent cybercrimes like this

[Ucy]

Most of these Crypto-related cyber crimes occur on centralized platforms. And it's possible that most of the loses come from CEXes.

Crypto is all about decentralization and people controlling their own funds. If you hand over your fund to centralized platforms and it gets stolen then blame centralization & not decentralization. Crypto decentralized model aims to reduce the number of unauthorized access to people funds especially without their consent.
Keep your decentralized cryptocurrencies safely and nobody will take it from you.

Hopefully we will have reversible features built on top of Blockchains to enable those who make transfer mistakes and other kind of mistakes to effortlessly reverse their stolen or lost funds