Crypto Criminals got balls because no COP or law to tackle them

[Lauren Smith]

I don't know what you are talking about. Almost all scams are online. That is just the age we are living in. There are certainly laws against this sort of thing. It is just too easy for criminals to scam though.
I blame the ISP and website and domain providers. They should properly investigate complaints since all the people's personal info is there. I don't understand why it is so hard to just get someones ISP then all their contact details through that. With DMCA they manage to do it.

[1715694055]

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[1715694055]

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[pgbit]

Criminals can only be tackled when they are actually caught and this would prove very hard even with regulations considering the fact that blockchain technology promotes anonymity because for example, even without any laws, if a criminal, maybe a hacker was successfully able to access your funds and steal your funds, if you somehow discoverd the identity of the hacker and reports them to the appropriate authorities, that criminal would still be punished even without the regulation. Regulations would only have an impact on projects that wants to raise funds.

[abeecrypto]

Scammers and cheaters will always exist with or without the laws. Law is applicable everywhere; it is just not intense in the crypto world as in the real life. It’s one of the reasons there are KYC’s; to try and curb cheaters and scammers.
I believe the law will be more intense in the crypto world when regulation comes in.

[lighpulsar07]

There is a law and cops but the problem is we are in the internet which is huge and anonymous so, hackers and scammer can get away without getting caught very easily they can cover their tracks and move to another location and that's it and that makes them very hard to catch anyway, we should be careful to person dealing with and don't fall into scams

[meanwords]

I think the main issue here is not the law, but the way crypto hides the scammers identity. We have vpns, mixers, Tor, and other sources that I don't know yet to hide our addresses and identities. The police would have a hard time trying to catch them. They can also hide their scammed assets to other wallets or other coins in order to lose track of the transactions. Scammers are getting confident because of the advancement of our technology and with that, cyber crimes are increasing.

[wajik-tempe]

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

Because it's almost impossible to create of the law environtment in crypto space, that's why many country are banning crypto one of the reason is the crime in crypto is cannto trackable. Most of scam projects are not placing their real team in their websites, he's using random pictures from the internet and making random names and complement it with such great portofolios. So, newbie people will get tricked and at the end they are untrackable. So, there are the plus minus of crypto and we have to get used to these conditions

[coin-investor]

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

Not unlike in real life or offline, all criminals can be traced because of their identity, if the criminals are working in a country where the crimes happen, the cops can easily trace and hunt them, not unlike online, they are able to disguise themselves, and if they scam people from another country, the offended party, will have to go to the  location to hunt the scammers, which is additional burden on their parts, education is still the key on how n t to fall from these scammers online.

[Aabcde]

I think that not all crimes in crypto are kept silent because of anonymity.
In my opinion, there are 2 types of scamming people, the first is individuals and the second is companies.
In the case of individuals, which may be rather difficult to trace because they do not know the shape of their faces, their origin, etc. But, if this scamming happens, I think only fools fall on them.
Second, the scam of the company. There are a lot of examples, such as, new projects that raise funds and when funds are collected they run away. Or exchanges that suddenly close and carry users' money.
In this second, the possibility of further action from the law or the police must be there. Because the number of victims they must be many and also the identity of the company or CEO must have been open at the beginning.
So not all crypto crimes are not followed up by law, there must be. It's just that we don't want to find that information.

[Genemind]

The anonymity of cryptocurrency is taken advantage by criminals to pursue their crimes. However, in some countries, some scammers were caught and punished. I believe that due to the latest technology, crypto will still be able to catch scammers in the future. For now, we only have to be smart and find ways to get rid of them.

[TheClownSong]

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

Scammers continue to act until now due to unclear regulations governing the sale of new project tokens. The existing regulation to date is the regulation of trading in exchangers and therefore IEO is a safe way to invest in a new project even though it does not guarantee that the tokens from IEO will benefit after the initial listing.

[X-ray]

The thing is all those scammers usually comes from a third world country where the laws or regulation there is limited and also country like US will have a hard time if it is about to figure out or find someone among billions. It is basically the same case as ordinary internet scanners although there are laws regarding to this thing those scanners still exist anyway because they are coming from a country with weak law enforcement.

[Cekerula]

the problem is because the crypto industry is free, financially free for anyone who wants to take part in it, good people & bad people are always around us. so, there is no guarantee for your security, only you alone can determine your destiny here.

[TanakabZX]

We need that regulation badly, with regulation every new project developers must go through verifications and this can actually create FEAR in dubious developer's mind, scammers need to go, how far can we safe ourselves with research when scammers are getting more smarter? there will come a time when our research won't be able to safe us

[Casdinyard]

I think the main issue here is not the law, but the way crypto hides the scammers identity. We have vpns, mixers, Tor, and other sources that I don't know yet to hide our addresses and identities.

I disagree, as crypto is really meant to be pseudonymous and should be the same until the same. The thing is, there are abusive people that use crypto for their own interest hence take advantage on it. While we have certain law about it though isn't enough to cover some fields. If there will be regulation that can strict and cover all the issues in crypto then maybe people will have their second thoughts to do such thing.

Anyway, I just wonder why there's still people fall for such scheme, when you can even tell that there's something shady behind it. 🤔

[Wysi]

We need that regulation badly, with regulation every new project developers must go through verifications and this can actually create FEAR in dubious developer's mind, scammers need to go, how far can we safe ourselves with research when scammers are getting more smarter? there will come a time when our research won't be able to safe us

I understand the need of regulation but at the same time this might lead to some sort of centralization which might actually be a bad vibe for investors but we can have a common verification platform for new bounties and projects which will filter the scam projects but I am not sue how far this will help as scammers will always be there as these are disadvantages of decentralized projects.

[HK88]

If you think the freedom of scammers is the same as real-world criminals, then crypto needs to be regulated like there is a law for every criminal. but the problem is that crypto is not regulated by anyone, the government is not involved in this industry. so scamers are always free to fool weak people.

[tinyteapot]

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

There have been some arrest made as pointed out by the people that replied earlier though the outcome from such arrest and trials are not made public.

Your observation have some facts and i will try to understand you differently since we are talking about cyber crime that affects crypto space.
The ico scams shall be reduced or eradicated completely if there is a central crime control as regards crypto scams, most of the arrest made only relates to one country or the other and those arrested might have contravened certain financial law of the country and investigations shows that they got the money through crypto ico scams.

I know a particular ico scammer from india that are still walking freely on the street despite all the emails sent to the authority concern.

We need interpol to create a department for crypto space industry in order to track and arrest these criminals.

[Menawi12]

We need that regulation badly, with regulation every new project developers must go through verifications and this can actually create FEAR in dubious developer's mind, scammers need to go, how far can we safe ourselves with research when scammers are getting more smarter? there will come a time when our research won't be able to safe us

Agree that cryptocurrency requires government regulation because if there is no penalty for scammers, there will continue to be fraud on behalf of the sale of tokens. With regulation, investor confidence will increase and the public will be interested in investing

[slaman29]

The thing is all those scammers usually comes from a third world country where the laws or regulation there is limited and also country like US will have a hard time if it is about to figure out or find someone among billions. It is basically the same case as ordinary internet scanners although there are laws regarding to this thing those scanners still exist anyway because they are coming from a country with weak law enforcement.

I guess you could say I come from a third world country, but you are probably wrong about that, because the big scammers in the ICO space are the ones with good education and a lot of money to run big scams.

The ones you talk about are just small time con men and HYIP managers. The big ICOs that ripped people off? Trust me, they went to good schools and come from good families with good income.

[DabsPoorVersion]

I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.

Wait. You seem to be misguided. Using crypto currencies doesn't mean that you are invulnerable to the law. If you commit a crime, you are a criminal and you will be prosecuted. Doesn't matter if you use fiat currency to commit that crime or crypto currencies. You will still be a law breaker. It is just that finding the criminal becomes a harder task for them if they use crypto currencies.

I tend to agree, actually even in using digital, law is still effective. There is a law created to counter every situation even in crypto. With or without cops, using crypto in illegal activities doesn't mean that you can avoid being apprehended by the law. Once an individual committed a crime, there is always a law that will chase them.