building a crypto criminal database

[Om.monata]

crypto crime in cyberspace is real. what often happens is hacking, because many hackers misuse their knowledge to commit crimes just because they want to get a profit. This is very scary and should be avoided. We know that bitcoin is very expensive and it makes people very eager to own it

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[MCobian]

Actually it is not difficult to track Bitcoin transactions, as we know Bitcoin is not completely anonymous. But related crimes involving
Bitcoin are currently increasing, perhaps because the price of Bitcoin is getting more expensive. Many criminals think hacking Bitcoin
is the best way to get rich, and also criminals think Bitcoin is guaranteed 100% privacy. Even though the reality is not like that, one
example of a twitter hacker who hacked into a famous account was finally caught. Then related to building crypto criminals databases
is not the best way to prevent crimes in the cryptocurrency world. Because criminals can create multiple Bitcoin addresses and can also
use service mixers.

[prehisto]

There are plenty companies out there who already do that, they research and catalogue BTC transactions and their addresses. They sell their services to banks and other instutions .
For example if a bank falgs someones transactions , asks prrof, client gives them proof of BTC transactions, bank can give this to the company and ask them if the transactions are criminally associated.

[o_e_l_e_o]

all we can try to block the exit of "dubious" bitcoins anywhere

Why would we want to do that? Why would we want to create two tiers of bitcoin, one "clean" and one "dubious"? Why would we want to undermine the fungibility of bitcoin?

You lost me there, what were the ways to cash out kyc-less again?

Peer to peer trading and decentralized exchanges such as Bisq and LocalCryptos, using pretty much any method you like from cash in person, bank transfers, money orders, through to PayPal, Skrill, Perfect Money.

[Anna138]

This company in South Korea is figuring out that once a cyber criminal, always a cyber criminal. They found that two separate big crypto crimes shared the same exchange account for onramping or offramping. Of course most of it was done with Bitcoin. Don't know how it will get better before getting worse.

https://thenews.asia/hyungoo-kim-tracking-cryptocurrency-cyber-crimes/

I always wonder why people are so greedy. Well, you have committed a crime, for example, earned a few million dollars on it that will last you for the rest of your days, and also your children, too. Why are you going to do this again putting yourself in danger of losing everything and going to prison where you will eat unleavened porridge? Unclear.

[Sanugarid]

all we can try to block the exit of "dubious" bitcoins anywhere

Why would we want to do that? Why would we want to create two tiers of bitcoin, one "clean" and one "dubious"? Why would we want to undermine the fungibility of bitcoin?

Even if we want to create tiers of bitcoin, labeling the goodness or the badness of it is very pointless. As far as the small denomination is concern, you can't tell which is which. I got 0.001btc that I got from a hacker, I told him to send it to my personal wallet address which contains 1btc from my worked hard money, would it make sense that there is a 0.001btc that came from the hacker to call my entire owned bitcoin dubious? Bitcoins will be just bitcoins, that's it. The goodness and the badness relies to the users, that's what we should be wary of.

[sayulita]

all we can try to block the exit of "dubious" bitcoins anywhere

Why would we want to do that? Why would we want to create two tiers of bitcoin, one "clean" and one "dubious"? Why would we want to undermine the fungibility of bitcoin?

Even if we want to create tiers of bitcoin, labeling the goodness or the badness of it is very pointless. As far as the small denomination is concern, you can't tell which is which. I got 0.001btc that I got from a hacker, I told him to send it to my personal wallet address which contains 1btc from my worked hard money, would it make sense that there is a 0.001btc that came from the hacker to call my entire owned bitcoin dubious? Bitcoins will be just bitcoins, that's it. The goodness and the badness relies to the users, that's what we should be wary of.

The analysts doesn't think that way, they will always paint your wallet red on their analysis tool since you have transacted with that hacker bitcoins, I guess there can be a way to save those coins from getting red paint, as the transactions are always generated from the input of the funds already deposited in your account, so you can send your 1 BTC minus the fees for that transaction to another wallet so that the transaction doesn't add the remaining input of the hacker's transaction, then your 1 BTC will be saved. Also, most of the exchanges will start using these analysis tools, which some are already using, there was a person on the forum who said that he washed his coins through a mixer and by chance the coins were mixed with those of the hacker and then he deposited his coins to an exchange and the exchange denied to deposit those coins to his wallet because those coins were tainted.

[target]

all we can try to block the exit of "dubious" bitcoins anywhere

Why would we want to do that? Why would we want to create two tiers of bitcoin, one "clean" and one "dubious"? Why would we want to undermine the fungibility of bitcoin?

Even if we want to create tiers of bitcoin, labeling the goodness or the badness of it is very pointless. As far as the small denomination is concern, you can't tell which is which. I got 0.001btc that I got from a hacker, I told him to send it to my personal wallet address which contains 1btc from my worked hard money, would it make sense that there is a 0.001btc that came from the hacker to call my entire owned bitcoin dubious? Bitcoins will be just bitcoins, that's it. The goodness and the badness relies to the users, that's what we should be wary of.

That sounds terrifying when all your savings will be mixed with a coin from a known hacker. The fungibility is always going to be at risk when coins enter to an exchange when you don't know what are sent to your wallet.  

We don't know what rules the exhcnage or government wil be creating for it yet but they might assume you are part of the network after all one tomato mixed to a basket of tomatoes will likely make them all rotten in less than a week.

[adzino]

So you want taxpayers money to be wasted by making stupid system/projects like this? I mean why do we need a "crypto" criminal database? If a person commits a crime, using bitcoin or any other method, he is a criminal. You don't need to separately point a person just become he committed a crime using crypto currencies. The project sounds more like they are trying to show people crypto currencies are bad.
Every country already has a central database for criminals. We don't need a new database to keep "crypto" criminals.

[ghost424]

That is something new. Would it work like a real bounty rewards system? On where you will personally caught the wanted criminals then get rewards per the level of crime done by that criminal. That system can be really dangerous and can only work if the users using that system are part of the military and police force. They can also use the entire police record and should really coordinate with police force if they want something to work like that since all records are confidential.

[TedMosby]

have you checked this?
https://bitcointalk.org/index.php?topic=5266786.0

a project that contains information about abusive addresses.
https://crypto-scam.io/

you can give your contribution by reporting abusive addresses as well.

[erikoy]

How hard it would be to solve cases if there will be a criminal database and its cover is the people from all over the world. This is somehow a big job but if all the justice system work together as one in the whole world or just even in their own country to implement then that would be better with no bias in judgement. However, if we were only talking data base of the criminals without putting them to jail then I guess as early as now we have to stop this plan to implement or make this database for crypto criminal. There is no good creating like when it will not be working.

[0nline]

BTCBTC All lovers of Bitcoin will fill same way as has been expressed. Yet there is much to do to relieve Bitcoin from the shackles of criminals who are using it for illegal activities.

[gamer4156]

Bitcoin is one of the most widely used scams in today's world. There are many people who have lost everything through bitcoin scamming. If the South Korean company could find out the source of the scam, the common man would benefit a lot. However, it is better to say that some innocent people may come under the law. As is often the case in Asian countries because Bitcoin has been declared illegal in these countries.

[Killrbit]

I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.

Hyungwoo Kim, CEO of Uppsala Security explained how domestic South Korean money laundering and cyber crime experts still roam free in the country using cryptocurrency.

(..)

Second, he explained that as he helped law enforcement discover the identities of some of the nth-room degenerates through their ETH, BTC, and Monero transactions, (..)

Kim made a straightforward plea to the audience that as cases of cyber crimes via cryptocurrency proliferate and are exposed, countermeasures against them should evolve. (..) His suggestion was to identify criminal wallets and flag them so that they cannot be used in the future.

Fortunately for law enforcement, cryptocurrency cyber crimes are easy to track.

Reading through the lines, my previous statement is further confirmed. So how are we going to flag criminal wallets so that they cannot be used in the future? Because that's censorship, and Bitcoin is a censorship-free cryptocurrency.

As others have told me in a previous thread of mine about mixers, at one point we will most likely all own Bitcoins that came from addresses that have been used in criminal activity or in mixers. So are we going to flag all these addresses? How do you censor a censorship-free system?

I agree that as some point BTC should proliferate in enough hands that almost every wallet could potentially hold some amount of tainted coins. Now i am guessing that it would be practically impossible for any government to blacklist taint every wallet, it would be easier to simply issue an outright ban on the Use of Bitcoin. I think here that these chain analysis companies and law enforcement might than try and target larger wallets for the sake of efficiency or maybe target wallets containing more than a certain threshold of tainted coins say 30-40%.

But i suppose that once we can implement Schnorr and taproot and true privacy into Bitcoin it should become much more difficult for anyone to impose censorship like this into Bitcoin. That being said it would also make it more attractive to cyber criminals which could than be likely to create more government distrust in cryptocurrencies.

[maldini]

This we have noticed before that he goes against his father's word many times. In today's world, money is in the hands of the young generation and they do a lot of things.
Most of it is invested behind gambling and drugs. Honestly, many men don't waste less money on women. From that point of view, his son did not do a bad job by investing in Bitcoin. I don't think it's a bad investment although he did the opposite of his father's advise.

[achach]

I would create a trust base with crypto companies and persons. This would be most effective

[seoincorporation]

Looks like a good idea for the record, but to be honest i don't think a Database will stop them to keep scamming people. Is about time to see the mafias and cartel interested in bitcoin and when that happens, then a hard time will come to the crypto world.

I will keep an eye on that DB and search for more of the same kind.

[imstillthebest]

Looks like a good idea for the record, but to be honest i don't think a Database will stop them to keep scamming people. Is about time to see the mafias and cartel interested in bitcoin and when that happens, then a hard time will come to the crypto world.

I will keep an eye on that DB and search for more of the same kind.

it doesnt but it this is only useful for us people  . we can look on that database if we have been scammed on the past and see if we saw familiar face or familiar details , etc  .  that way our case can possibly be resolved and this also help us avoid them in the future  .

  if a criminal got caught and he cant make himself out of the prison , that stops them for doing bad things so it is really possible to stop someone by the help of this database  but if the criminal  get outs , he can do the same thing again  .

[Expecto]

I am not sure about whether there is a need for a crypto criminal database while there is already a criminal database on every country. Maybe I am wrong and maybe I could be missing a point but I am indecisive about it could change anything or not.