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.

[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.