Bitcoin Forum
June 27, 2024, 06:31:50 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 »  All
  Print  
Author Topic: Do you believe stolen funds should be returned to their owner?  (Read 541 times)
qweqwe2121
Member
**
Offline Offline

Activity: 630
Merit: 13

Crypto ✪ Enthusiast


View Profile
August 23, 2019, 08:24:24 AM
 #21

If there really is a way to return it I think they were tricked into a scam project they should get their rights back, but in fact they still lost. Especially for cases of fraud not theft., so I do not believe.
Free1bitco.in
Hero Member
*****
Offline Offline

Activity: 1624
Merit: 500



View Profile
August 23, 2019, 08:49:17 AM
 #22

Depending on whether the person who receives Bitcoin is good or not, if they are good they will return it, but often all things are not returned, so sad  Cry Cry
It doesn't matter if their good or bad the thing is,
Stolen money should be given back to it's rightful owner,
They worked for they earned it so they should be the one to spend it.
I agree that any funds given must be returned. it's just that, thinking that around $ 4 billion was stolen, or was exposed to money laundering, I think it's very difficult to return it. even for insurance, it would be very difficult to carry out that much money.

in this case, I'm not really sure that the money can be returned, only when they succeed in returning it, that would be one of the best points in this regard. Well, I think this is quite interesting to follow.
Jo1992
Newbie
*
Offline Offline

Activity: 13
Merit: 6


View Profile
August 23, 2019, 09:20:33 AM
 #23

Depends. Are the stolen funds being recovered from the theif or another victim who received them in exchange for btc or something? Are the bitcoins retrievable too.  If you take funds from the guy who sold bitcoins, with out returning the btc, law enforcement are essentially stealing from them. Its just moving the victim around. When in all honesty its the error of the victim /their financial institute that allowed access by the thieves. Without repercussions why would they bother to increase security in future. Maybe an insurance fund that covers 75% could be mandatory with the rest split between parties.
kryptqnick
Legendary
*
Offline Offline

Activity: 3136
Merit: 1392


Join the world-leading crypto sportsbook NOW!


View Profile
August 23, 2019, 10:13:33 AM
 #24

Fighting money laundering, ponzis, thefts and other types of financial crimes is important, of course. I did not know about ransomware being so popular, honestly. People have to be educated about their money management, real and not real offers, risks of investments, security measures and stuff like that. If the authorities manage to confiscate some funds, I think it would only be fair to return the money to those who lost it. As for the idea of making definitely stolen money frozen - I don't think it's justified and will ever be approved by the crypto community because it allows abuses. Or at least the freezing decisions will have to be made by the community, not the authorities.
Nice to hear that financing terrorism is usually happening with fiat, not cryptos.

  ▄▄███████▄███████▄▄▄
 █████████████
▀▀▀▀▀▀████▄▄
███████████████
       ▀▀███▄
███████████████
          ▀███
 █████████████
             ███
███████████▀▀               ███
███                         ███
███                         ███
 ███                       ███
  ███▄                   ▄███
   ▀███▄▄             ▄▄███▀
     ▀▀████▄▄▄▄▄▄▄▄▄████▀▀
         ▀▀▀███████▀▀▀
░░░████▄▄▄▄
░▄▄░
▄▄███████▄▀█████▄▄
██▄████▌▐█▌█████▄██
████▀▄▄▄▌███░▄▄▄▀████
██████▄▄▄█▄▄▄██████
█░███████░▐█▌░███████░█
▀▀██▀░██░▐█▌░██░▀██▀▀
▄▄▄░█▀░█░██░▐█▌░██░█░▀█░▄▄▄
██▀░░░░▀██░▐█▌░██▀░░░░▀██
▀██
█████▄███▀▀██▀▀███▄███████▀
▀███████████████████████▀
▀▀▀▀███████████▀▀▀▀
▄▄██████▄▄
▀█▀
█  █▀█▀
  ▄█  ██  █▄  ▄
█ ▄█ █▀█▄▄█▀█ █▄ █
▀▄█ █ ███▄▄▄▄███ █ █▄▀
▀▀ █    ▄▄▄▄    █ ▀▀
   ██████   █
█     ▀▀     █
▀▄▀▄▀▄▀▄▀▄▀▄
▄ ██████▀▀██████ ▄
▄████████ ██ ████████▄
▀▀███████▄▄███████▀▀
▀▀▀████████▀▀▀
█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
eaLiTy
Hero Member
*****
Offline Offline

Activity: 2814
Merit: 911

Have Fun )@@( Stay Safe


View Profile
August 23, 2019, 11:00:08 AM
 #25

Do you get them returned  or in a decentralized system are they lost forever?
If the stolen funds are not moved you cannot really do anything about it but there are ways to track the tainted coins and if there is a crowd funded security team to monitor all the tainted coins and wallets and their movements and inform all the exchanges in real time, then these tainted coins will be useless, even now there will be a point of exit if these stolen funds are to be converted, there were instances in the past where stolen funds were recovered with the help of exchanges, so anything possible.
BIN-BIN
Member
**
Offline Offline

Activity: 504
Merit: 57


View Profile
August 23, 2019, 11:06:56 AM
 #26

Base on my experience when ever any found is stolen and the hackers are not traced and arrested it is gone forever, because the decentralized system does not allow any third party involvement and only the holder have the sole right to send found to any one.
shoreno
Full Member
***
Offline Offline

Activity: 1750
Merit: 118


View Profile
August 23, 2019, 11:56:47 AM
 #27

what should happen to stolen funds. Do you get them returned  or in a decentralized system are they lost forever?

It depends if how the funds have lost . if the funds lost because of hacking then there is no way that it can be returned by the hackers but if ever they caught by the police or cyber crime units and the funds are still recovered then the there is still a chance that the funds can be returned to its owner  .

Other scenarios that i think is when we send a crypto to a wrong address . the funds can be returned if the reciever is a good person but it will lost forever if the reciever is inactive or a bad person
joelsamuya
Member
**
Offline Offline

Activity: 532
Merit: 41

https://emirex.com


View Profile
August 23, 2019, 01:07:30 PM
 #28


There is no question that it is just right to return stolen funds (be they digital or fiat) to their real owners and then have the perpetrators prosecuted for the thievery. But then we know the real problems with this scenario: it seems that nobody has the power to get those funds back and yes using technology it is quite possible to locate where those digital funds are located yet it stopped there. This is in fact another big reason why there can be boom of hackers as years go by in the world of cryptocurrency. The prize or money that a successful hacking can get is quite enormous.
ethereumhunter
Hero Member
*****
Offline Offline

Activity: 2940
Merit: 542


Leading Crypto Sports Betting & Casino Platform


View Profile
August 23, 2019, 01:10:14 PM
 #29

If that person has stolen funds, then I think he has a bad will because he wants to get the money from the illegal things. That is why I think he doesn't want to return to their owner because he wants to use the money for another thing that he wants. But if he gets the money by coincidence, then I think he should be returned to the owner because that is not his money, and it's related to the morale of the person.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
wattcrypto
Jr. Member
*
Offline Offline

Activity: 247
Merit: 1


View Profile
August 23, 2019, 05:47:13 PM
 #30

I think if we have a proper technology that allows individuals to get their funds returned while protecting individuals privacy that would be an ideal situation. I believe wholeheartedly that is what companies like ciphertrace are trying to provide as a service.
Sharon121212
Full Member
***
Offline Offline

Activity: 280
Merit: 215



View Profile
August 23, 2019, 09:04:28 PM
 #31

If after investigation and stolen funds belongs to someone(that got it true a clean and legal means)  then it's right to return it to them.
Fewer are case of stolen funds becoming recovered and those of exchanges stolen funds that get recovered some exchange still do not compensate those who lost their funds
bitbunnny
Legendary
*
Offline Offline

Activity: 2912
Merit: 1068


WOLF.BET - Provably Fair Crypto Casino


View Profile
August 23, 2019, 09:12:56 PM
 #32

In an ideal world, everything should be returned to its owners, and all scammers should be punished. But, unfortunately, we do not live in an ideal world. In the cryptosphere, the return of stolen funds seems almost impossible. That's the price of anonymity.

It's true, we don't live in ideal world but that doesn't mean we have to give up justice. Everything that is stolen should be returned, that is only right. Yes, anonimity could be an issue but still it's not so big obstacle anymore, transaction could be traced great deal. Also, I think that regulation could also help against illegal crypto activities.

Oceat
Sr. Member
****
Offline Offline

Activity: 2506
Merit: 368


View Profile
August 23, 2019, 09:47:08 PM
 #33

Once it is stolen there's no taking it back.
What kind of logic do the hackers/scammers have if they will have to return it then after taking it all?
If they want to trade it with some ransom money i don't think it will work both ways since we all know that the government doesn't negotiate with these people.

3996
drumamat
Sr. Member
****
Offline Offline

Activity: 1193
Merit: 251


View Profile
August 23, 2019, 09:55:58 PM
 #34

Base on simple morality, I'd agree that stolen funds should be returned to the owners. With the rate of thefts in the cryptosphere, security agencies would be interested in tracking these funds. Many crypto users do not like the idea of regulation - I don't too, but this is one of the problems regulation tend solve. We don't have to be nonchalant since we haven't lost any funds to these thefts.
What does regulation have to do with it?Even if the regulation happens there are a lot of anonymous coins as well as mixers,with which you can still steal funds.Generally my answer is-Yes, I believe the ability to return the funds (if their transactions can be tracked) must exist.In the version that I described above, this is simply unrealistic.
yesyes18
Member
**
Offline Offline

Activity: 546
Merit: 12


View Profile
August 23, 2019, 09:59:31 PM
 #35

The actual question you should ask is: why do people steal and that'll further simplify the question lol. Thieves are thieves buddy. Ah well, maybe people may hack just to prove a point and send back the money. Other than that, thieves don't steal si as to return, they because they're thieves and that's what they do. So just be careful in crypto so you don't end up a victim.

Kasabus
Hero Member
*****
Offline Offline

Activity: 2814
Merit: 576


View Profile
August 23, 2019, 10:42:00 PM
 #36

As I believe it also, the problem isn't in our ends but those who stole the funds from us. Scammers never exist if they never scam people and they think that this is a great opportunity for them to make money which people never agreed for this action.
We don't need to expect that we can recover those stolen funds cause surely it never come back to us.

████████████████████████
.
.SPORTS..
███████▄███▄▄
█████████▀▀████▄▄
▄███▄▄███████▀▀████▄▄
███▀█████▄███████▀▀███▄
████████████▄▄█████████
█████████░▀▀████▄▄████▀
████████████████████
█████████░▄▄████▀▀████▄
████████████▀▀█████████
███▄█████▀███████▄▄███▀
▀███▀▀███████▄▄████▀
█████████▄▄████▀▀
███████▀███▀▀
.
.bets.io.
████████████████████████
.
..CASINO..
vintages
Full Member
***
Offline Offline

Activity: 966
Merit: 153



View Profile
August 23, 2019, 10:58:02 PM
 #37

You should be asking if the hacker or scammer has the consciousness of returning it back.
Most scammers and hackers are mind harden and when the succeed in hacking an exchange there is mostly no return.
Those stolen coins are most investors life savings and they will do anything to have it back.
Polar91
Hero Member
*****
Offline Offline

Activity: 1120
Merit: 553

Filipino Translator 🇵🇭


View Profile WWW
August 25, 2019, 01:19:31 AM
 #38

Base on simple morality, I'd agree that stolen funds should be returned to the owners. With the rate of thefts in the cryptosphere, security agencies would be interested in tracking these funds. Many crypto users do not like the idea of regulation - I don't too, but this is one of the problems regulation tend solve. We don't have to be nonchalant since we haven't lost any funds to these thefts.
I never think such morality exist by now. They steal our funds in a certain purposes and not by returning it over. We can't expect that we can have it back once it lost, nobody could do that.
In a particular reason why they stole our funds just because we let them to get it. How it sad, we can't get them cause of the anonymity we had in this community. We can only trace the transactions but not the person who make it.
That's the problem in crypto, once you've made a mistake then you can't get back what you've loss that's why it's vital for us to know the consenquences of every actions we are doing. I don't think that morality doesn't exists, it does but some people are neglicting their own.
iMark
Sr. Member
****
Offline Offline

Activity: 1162
Merit: 251


View Profile
August 25, 2019, 02:36:11 AM
 #39

Base on simple morality, I'd agree that stolen funds should be returned to the owners. With the rate of thefts in the cryptosphere, security agencies would be interested in tracking these funds. Many crypto users do not like the idea of regulation - I don't too, but this is one of the problems regulation tend solve. We don't have to be nonchalant since we haven't lost any funds to these thefts.
I never think such morality exist by now. They steal our funds in a certain purposes and not by returning it over. We can't expect that we can have it back once it lost, nobody could do that.
In a particular reason why they stole our funds just because we let them to get it. How it sad, we can't get them cause of the anonymity we had in this community. We can only trace the transactions but not the person who make it.
Indeed, no body could do that. I had decided the coin that had been stolen and lost would never come back. and the question is who will return all the funds? who is the recipient? can it be tracked who is entitled to receive it? this is a decentralized system, there is no centralized system that can see and track who is tricked and who receipt the funds.
LogitechMouse
Legendary
*
Offline Offline

Activity: 2492
Merit: 1039


casinosblockchain.io


View Profile WWW
August 25, 2019, 02:24:28 PM
 #40

It depends.

If the one who stole the funds is a thief then don't expect that it will be returned. I didn't see any incident that the thief gave back what he stole. Yes they are some who returned the funds they get but with the help of some authorities but to return them intentionally, I don't think they will do it unless they are stupid thieves.

Pages: « 1 [2] 3 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!