A Bangladeshi Bitcoin Scammer got arrested

[Imran232]

Though bitcoin is still irregulated from Bangladesh but we can use it. But recently a biggest scammer gou caught by rab. He is not a legalize bitcoin users. He earns bitcoin Through credit card hacking by scamming with people.  You know the saddest part he bought an audi car recently cost 10Million Bangladeshi Taka almost 100k usd. This news is truely get a bad effect for Bangladeshi bitcoin community.

More information about him check this Bangladeshi leading news article site:
https://www.thedailystar.net/crime/news/bitcoin-fraudster-arrested-gazipur-2027225?amp

Now you share your opinion about this scammer is this good news for us. Because his bitcoin income source was like crime.

[1714842864]

1714842864

[Yogee]

....Now you share your opinion about this scammer is this good news for us. Because his bitcoin income source was like crime.

Scammers and criminals have been using fiat even before BTC was introduced 12 years ago. Did that affect the reputation of fiats as currency? No. Why would it be different for BTC? Ignore the FUD that may come out of this news if I were you. Nocoiners and anti-biitcoiners can say all they want but they can't bend the fact the BTC can be used by anyone just like fiat. Use the knife analogy.

[Kittygalore]

Good thing that he got arrested, that man does not deserve the things that he made with the money he has stolen. I hope that he will be suffering in prison because of his actions. I think it will not hurt the bitcoin community in your country because a rational person will not blame the tools but the man.

[mk4]

Criminals are gonna do criminal stuff, regardless if it's through bitcoin or through your traditional fiat currency. Unfortunately the article didn't go into complete detail on how they found out about his Bitcoin-creditcard modus operandi.

It's also quite confusing as the article is calling his wallets/addresses as "accounts" lol. I don't know if they were referring to his bank account or his bitcoin holdings with this quote:

Col Sarwar said they have found transaction history of $3.5 million in Raihan's account in just one month.

[BlackHatCoiner]

Great, only 7,254,643 scammers have left now. I'm happy to hear that a big brain was caught, though. I wonder how the victims felt when they read this. I've used to the classic "bitcoin reputation" thing so it wouldn't surprise me if new articles introduced bitcoin as a currency for the criminals.

It's also quite confusing as the article is calling his wallets/addresses as "accounts" lol.

I guess they refer to the bank account. As far as I know, you can't transfer dollars to the blockchain, so the author must have been really clear. 

[Reatim]

Though bitcoin is still irregulated from Bangladesh but we can use it. But recently a biggest scammer gou caught by rab. He is not a legalize bitcoin users. He earns bitcoin Through credit card hacking by scamming with people.  You know the saddest part he bought an audi car recently cost 10Million Bangladeshi Taka almost 100k usd. This news is truely get a bad effect for Bangladeshi bitcoin community.

More information about him check this Bangladeshi leading news article site:
https://www.thedailystar.net/crime/news/bitcoin-fraudster-arrested-gazipur-2027225?amp

Now you share your opinion about this scammer is this good news for us. Because his bitcoin income source was like crime.

Nahhhh, don't take it seriously because Scammers are everywhere and not only in Bangladesh but instead around the world.

In my Country there are scams happen almost every Year or more and people Needs to Learn How to avoid them because in all profiteering areas Scammers is a Proof of the market is Being healthy because these peoplr wont spent time if they are not Having victims.

But wait , I thought Bitcoin is prohibited in Bangladesh ? according to the recent Post I've read but according to you it is allowable in Your country , i'm confused sorry.

[Little Mouse]

This is really a stupid one. The guy who has been arrested was involved with criminal activities like hacking credit card and buying bitcoin with them. Now, what's the relation with bitcoin?
Before the bitcoin era, there were still credit card hacker and using them with fiat money.
I can smell the reality. Bangladesh govt is trying to put a negativity on Bitcoin. The reports are being made as per the govt requirement and their hidden agenda against Bitcoin.

It's also quite confusing as the article is calling his wallets/addresses as "accounts" lol. I don't know if they were referring to his bank account or his bitcoin holdings with this quote:

None of the reporters who have reported on bitcoin so far have enough knowledge on bitcoin. I have read one article earlier about this issue. By "accounts" they were referring to bitcoin wallet/address actually. You can't even imagine how poor idea they have about bitcoin. Problem is we can't go public while using bitcoin, we can't directly criticize this or getting involve with this because of the laws. They are misleading people with wrong information.
Last year I had read a book on cryptocurrency written in Bengali, although author did a great job, still there was some mistakes.

[plvbob0070]

Good thing that he got arrested, that man does not deserve the things that he made with the money he has stolen. I hope that he will be suffering in prison because of his actions. I think it will not hurt the bitcoin community in your country because a rational person will not blame the tools but the man.

A serious offense has been committed; the suspect should be accountable for his misdeeds. With the huge sum of money that has been laundered, the authorities can possibly impose long-term imprisonment. Besides that, the suspect seems to be desperate for money, using fake ID’s to remain untraceable in conducting different transactions. Regardless, we should be aware that some fraudsters have not been busted and captured. Thus, it is important to be vigilant, especially nowadays in which a hacker can find a way to bypass any security to steal from us.

[Welsh]

Scammers and criminals have been using fiat even before BTC was introduced 12 years ago. Did that affect the reputation of fiats as currency? No. Why would it be different for BTC? Ignore the FUD that may come out of this news if I were you. Nocoiners and anti-biitcoiners can say all they want but they can't bend the fact the BTC can be used by anyone just like fiat. Use the knife analogy.

It does though, because various propoganda campaigns have been run to associate Bitcoin with crime. Look at any news publication about Bitcoin involving crime, then you'll see that most are completely  biased towards the fact that fiat can also be used the same way. The only difference is, cash cannot be traced through a public ledger, where Bitcoin can be which is also something they usually fail to mention.

Ask a member of the general public, and there's a higher chance that someone associates Bitcoin with criminals, than they do with cash. I've witnessed it several times when I've heard people talk about Bitcoin, but I imagine this is fairly widespread.

[lifeforcepools]

Scammers are arrested almost every week, what's new in this news?

[Little Mouse]

Scammers are arrested almost every week, what's new in this news?

There's nothing new in this news but happening this in Bangladesh means something, both negatively and positively. Negative- Bitcoin has been exposed as a currency of crime by the media. They are trying to either mislead people or they don't know how bitcoin works. Positive- Bitcoin is getting exposure, more people know about it.
For your info, in Bangladesh, bitcoin is illegal which is why any news related to bitcoin matter a lot to us.

[telo1]

People like that should be caught because too many people have been deceived, maybe there are many more people who do like that. It looks like we have to be more careful in looking for a project because things like this can make us lose money, greetings from me!

[dothebeats]

This might paint a bad picture towards bitcoin but there really isn't much that the community can do towards the actions of a certain individual. They did criminal things, they should pay the price, even if it dragged the name of bitcoin in some way. If anything, it's good that the scammer got caught, otherwise he would be victimizing more people along the way through his schemes, even if bitcoin gets another negative points due to this low-life scum's actions.

I guess it'll be decades before the public's perception towards bitcoin changes. The media often sensationalizes their headlines whenever there is something about bitcoin even though the end goal of the scammers are to gain fiat in an illegal way. This in turn creates a negative connotation between bitcoin and criminality, which is what we're having right now.

[cyriljundos]

Its a crime and an offense to the Government of Bangladesh, that Bangladeshi scammer should face his penalties and  imprisonment . The image of bitcoin got worse because of many scammer and hackers. Many investor and financier that may not invest in bitcoin because of that scammer, and its alarming to all bitcoin holders on that bitcoin scamming incident.

[Yogee]

......
It does though, because various propoganda campaigns have been run to associate Bitcoin with crime. Look at any news publication about Bitcoin involving crime, then you'll see that most are completely  biased towards the fact that fiat can also be used the same way. The only difference is, cash cannot be traced through a public ledger, where Bitcoin can be which is also something they usually fail to mention.

Mainstream media has been like that for years but I believe people have grown tired of the same narrative as can be seen from the increased interest about bitcoin.

Ask a member of the general public, and there's a higher chance that someone associates Bitcoin with criminals, than they do with cash. I've witnessed it several times when I've heard people talk about Bitcoin, but I imagine this is fairly widespread.

I've asked some friends before and majority of them have a negative view of bitcoin. That has changed last year when covid happened and everyone was scrambling to look for online gigs and investments. I don't think they see it as a currency yet but it's good that their perception has changed.

It should be interesting to know if you asked the same people again.

[Question123]

Good news that scammer arrested and I hope more scammers will be caught and arrested too so people will not lose money because sadly because of the scammer many newbies or even expert losing a lot of money everyday because of the scammer team or individual who build a scam project. And also those money that collected to the scammer I think best to donate to charity and freeze all their accounts in bank or any property they have once they prove guilty.

[pakhitheboss]

Actually, scams are more frequent in Government regulated financial market. This is one instance where a scammer was converting his money into Bitcoin thinking it will be safe for him. If you are a criminal you will get caught someday. There is no way you can scam innocent people and run away with your money. This guy learned his lesson the hard way and he will not rot in jail aswell.

[Leviathan.007]

I see some people saying Bitcoin scammers and criminals are damaging bitcoin by their actions, but they are wrong. These criminals were using fiat currencies and now they are using bitcoins. The good thing is he got arrested, unfortunately, in some countries there is not any rule against the crypto criminals and they will do whatever they want. I was thinking there is not any rule on Bangladesh regarding bitcoin crimes and scam. Happy to see the scammer got arrested however there are much more scammers out there.

[Wexnident]

Nothing new, it would actually be weird if scammers didn't use Bitcoins name to profit, especially what with the boom that happened to it. Scammers if they could, would use anything, even a kid, or a worm if they can, to scam people and I still can't believe that there are quite a lot of gullible personalities out there that get fooled. Honestly wished that education systems would rather teach on how to combat human engineering and proper knowledge-gathering instead of empty discussions that 90% of it has nothing to do with  what your future is going to be.

[PhoenixZephyrus]

This is really a stupid one. The guy who has been arrested was involved with criminal activities like hacking credit card and buying bitcoin with them. Now, what's the relation with bitcoin?
Before the bitcoin era, there were still credit card hacker and using them with fiat money.
I can smell the reality. Bangladesh govt is trying to put a negativity on Bitcoin. The reports are being made as per the govt requirement and their hidden agenda against Bitcoin.

It's also quite confusing as the article is calling his wallets/addresses as "accounts" lol. I don't know if they were referring to his bank account or his bitcoin holdings with this quote:

None of the reporters who have reported on bitcoin so far have enough knowledge on bitcoin. I have read one article earlier about this issue. By "accounts" they were referring to bitcoin wallet/address actually. You can't even imagine how poor idea they have about bitcoin. Problem is we can't go public while using bitcoin, we can't directly criticize this or getting involve with this because of the laws. They are misleading people with wrong information.
Last year I had read a book on cryptocurrency written in Bengali, although author did a great job, still there was some mistakes.

Yeah, I've also had a look at a few Bengali articles floating around on the internet, though there are a select few. There are videos on YouTube too, but all of them are full of misinformation and people don't really know what they are talking about. I didn't expect anything more from the author of this article, and sure enough, they think bitcoin addresses as "accounts".

But, I am afraid that this kind of stuff might create a bad name for bitcoin, is the fact that acceptance in countries like where I live, India, might be affected severely due to this. First of all, the media reports nothing more about bitcoin but the scams that have been committed using bitcoin, and portrays bitcoin in a bad way. This will affect adoption, and may lead to banning of bitcoin (though unlikely, but a kind of ban WAS imposed on BTC in India, which was subsequently lifted). So yeah, I think it might be detrimental to adoption of bitcoin in certain states in the long run.

[TimeTeller]

This is really a stupid one. The guy who has been arrested was involved with criminal activities like hacking credit card and buying bitcoin with them. Now, what's the relation with bitcoin?
Before the bitcoin era, there were still credit card hacker and using them with fiat money.
I can smell the reality. Bangladesh govt is trying to put a negativity on Bitcoin. The reports are being made as per the govt requirement and their hidden agenda against Bitcoin.

It's also quite confusing as the article is calling his wallets/addresses as "accounts" lol. I don't know if they were referring to his bank account or his bitcoin holdings with this quote:

None of the reporters who have reported on bitcoin so far have enough knowledge on bitcoin. I have read one article earlier about this issue. By "accounts" they were referring to bitcoin wallet/address actually. You can't even imagine how poor idea they have about bitcoin. Problem is we can't go public while using bitcoin, we can't directly criticize this or getting involve with this because of the laws. They are misleading people with wrong information.
Last year I had read a book on cryptocurrency written in Bengali, although author did a great job, still there was some mistakes.

Yeah, I've also had a look at a few Bengali articles floating around on the internet, though there are a select few. There are videos on YouTube too, but all of them are full of misinformation and people don't really know what they are talking about. I didn't expect anything more from the author of this article, and sure enough, they think bitcoin addresses as "accounts".

But, I am afraid that this kind of stuff might create a bad name for bitcoin, is the fact that acceptance in countries like where I live, India, might be affected severely due to this. First of all, the media reports nothing more about bitcoin but the scams that have been committed using bitcoin, and portrays bitcoin in a bad way. This will affect adoption, and may lead to banning of bitcoin (though unlikely, but a kind of ban WAS imposed on BTC in India, which was subsequently lifted). So yeah, I think it might be detrimental to adoption of bitcoin in certain states in the long run.

Actually, it is already giving bad image to bitcoin, because of wrong portrayal of the situation.
The media people always wanted to give the impression that bitcoin is somehow used in fraudulent activities.
We can't prevent them from publishing their works because that's where they earn their living.
We just hope that they will be more responsible with their reporting, and be more educated with the situation.
Should not give bias reporting but should just state matter-of-facts, which, a lot of them fail to do so.
Now, it is up to the reader how he look at this situation and how he can educate himself about this kind of topic.

[Wysi]

This guy deserved to be arrested because he is a scammer and regardless he used Bitcoin or fiat for fraudulent activities doesn't matter because similar scams were ther before the emergence of Bitcoin as well but now media house hot one more reason to portray Bitcoin in negative lights. Honestly it doesn't make sense to blame bitcoin or any other entity when it's used for illegal stuffs because it's the human being who masterminds the scam and use Bitcoin or other stuff as a bait. But this will definitely have a negative effect in Bangladesh and others might look at bitcoin users with suspicion.

[romero121]

Not only bitcoin, everything that has a connection with money will be used as a source to scam common people. In such a way this incident has taken place in Bangladesh. Already the country is against the usage of cryptocurrency, often it is used to arrest people who are found using bitcoin. Similar incidents are happening around the world, but only few are getting revealed to the world.

[pixie85]

It's even better if he bought a car with his scammed money. This will make it much easier to take everything away from him.
If he hid the money it would be more difficult to get it back but a car is registered, you can find it, take it away and sell it.

That man was pretty dumb if the first thing he did after scamming was not to hide, move abroad, but instead buy things that he has to register with the government. These things make you a target for both the authorities and the thieves.

[Yamifoud]

That is what exactly happens to a scammer/hacker. I believe not only in Bangladesh but all countries have these cases. It is just to happen that some still free and this person mentioned by OP is so unlucky and gets caught by the authority.
They'll be no escape for them, sooner or later they all be caught and put in jail just in time. As new technology coming and continue to improve, it gives them the hard way to get them, they are also getting smart.

[Ryker1]

That is what exactly happens to a scammer/hacker. I believe not only in Bangladesh but all countries have these cases. It is just to happen that some still free and this person mentioned by OP is so unlucky and gets caught by the authority.
They'll be no escape for them, sooner or later they all be caught and put in jail just in time. As new technology coming and continue to improve, it gives them the hard way to get them, they are also getting smart.

Well, the good thing is authorities now had an idea on how to bust this kind of cybercrime, so it means they also study how to trace bitcoin transactions so that they can solve a case like this. We had heard a lot of news like this, they keep busting those criminals that think, they will not get caught if they are using bitcoin on their illegal activities. But sometimes this will give a negative impact on bitcoin because people think that bitcoin is a tool to make illegal activities online. Just like my neighborhood before, when I have introduced him to this bitcoin and he said, that is a scam which is I explain to him briefly.

[cryptopediabd]

Though bitcoin is still irregulated from Bangladesh but we can use it. But recently a biggest scammer gou caught by rab. He is not a legalize bitcoin users. He earns bitcoin Through credit card hacking by scamming with people.  You know the saddest part he bought an audi car recently cost 10Million Bangladeshi Taka almost 100k usd. This news is truely get a bad effect for Bangladeshi bitcoin community.

It's not bad affecting at all. This cause exactly happening with other countries as well. BD country against cryptocurrency. It's now possible that scammer are cunning & changing strategies. He wasn't hacking bitcoin at all, he hacked credit cards so far. It will affect credit card official i think.

[GideonGono]

He is a credit card hacker that converts it into crypto not really a Bitcoin scammer for me.
And the way he try to clean the money that he stole isn't really new to us here in crypto we know that money laundering has been around.
I even saw some people who offers that kind of service.