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[Balint098]

As per ZDnet, not only running no less than twenty crypto exchanges, the gang also involved in money laundering crime. The gang consists of three members and had been running their business since 2018. The gang promoted their crypto exchanges services in several underground forums where many cyber criminals were hanging out. So far they had been laundered about $42 million in criminals' funds. In this particular case, the Ukraine cyber police was cooperating with Binance exchange to put these criminals to justice.

 

[Wisdom01]

Its cool they will be put to justice ,well is there any record of the list of crypto exchange site's that were used to scam ? , I think people should check a site properly before investing

 

[Reznov]

crime, crime and more crime in Crypto, that's just making the things way harder for people to use crypto because it's mostly involved with crime, so people fear it out

 

[Wisdom01]

crime, crime and more crime in Crypto, that's just making the things way harder for people to use crypto because it's mostly involved with crime, so people fear it out

Its not only crypto that criminal activities do take place on other flat currencies and banks are part , only that its getting much and things like this instill fear in people

 

[Balint098]

Its cool they will be put to justice ,well is there any record of the list of crypto exchange site's that were used to scam ? , I think people should check a site properly before investing

The police haven't or doesn't want to release the list of crypto exchanges that were run by these thugs. Maybe they will release it in the future, maybe.

 

[Niftyicon]

Money laundering is one of the few reasons I do not support the anonymity that crypto currency has to offer sometimes. The gang weren't the only criminals, they probably helped other crypto criminals out too.

 

[carpediem]

I think there is a lot of crime with any currency. Some are even done in the open without any remorse from the criminals that commit them. I think the whole concept of Cryptocurrency is wonderful with decentralization being the most attractive bit about it. Only time will tell if it really is the currency of the future.

In the end, anything can be abused if you misuse it. It is up to each individual to make sure that whatever they do, it should be legal and shouldn't harm anyone else in the process. That's my two cents on it.

 

[SCAMEXPOSER]

Criminality is a big treat to the comfort we enjoyed in the internet and it's activities. I must commend the UK police. I hope soonest there will be online policing to limit online fraudstars activities.

 

[Balint098]

Money laundering is one of the few reasons I do not support the anonymity that crypto currency has to offer sometimes. The gang weren't the only criminals, they probably helped other crypto criminals out too.

Well, the problem with that is that even non-anonymous financial entities like banks are also laundering money and removing the anonymity that crypto has the same as killing it.

 

[Wisdom01]

Money laundering is one of the few reasons I do not support the anonymity that crypto currency has to offer sometimes. The gang weren't the only criminals, they probably helped other crypto criminals out too.

Yeah money laundering doesn't deals with only crypto alone physical cash shouldn't be left out , well I still accept the fact that the anonymity of crypto caused or

 

[SCAMEXPOSER]

The use of blockchain technology by countries will limit human access to cash and financial transactions, I am optimistic with this money laundering will be reduced to minimal level.

 

[Josemendez]

As per ZDnet, not only running no less than twenty crypto exchanges, the gang also involved in money laundering crime. The gang consists of three members and had been running their business since 2018. The gang promoted their crypto exchanges services in several underground forums where many cyber criminals were hanging out. So far they had been laundered about $42 million in criminals' funds. In this particular case, the Ukraine cyber police was cooperating with Binance exchange to put these criminals to justice.

Wow. Who can imagine how much these guys have stolen from people for years before been finally tracked and arrested .
They will face the law

 

[SCAMEXPOSER]

Criminal investigation could be timing or slow but if the result comes out positive it break decades barrier and bring progress to the environment. Let hope more arrest be made.

 

[Josemendez]

Criminal investigation could be timing or slow but if the result comes out positive it break decades barrier and bring progress to the environment. Let hope more arrest be made.

I think if with the arrest of new internet fraudsters , the security is getting breached . The fraudsters should be forced to reveal their secrets in order to help promote security

 

[onlyprofits]

And to think that now there are many decentralized exchangers (DEX), in those if there is nothing to do, since they do not depend on any legislation, we have the case of Uniswap is a decentralized exchanger.

 

[Josemendez]

And to think that now there are many decentralized exchangers (DEX), in those if there is nothing to do, since they do not depend on any legislation, we have the case of Uniswap is a decentralized exchanger.

Countries where there is cryptocurrency regulations will not allow such exchange site to operate in there because of its nature .

 

[SCAMEXPOSER]

Even in countries where Crypto is not legalized won't allow such Exchange plaform to continue to scam people of their hard earned money whatsoever.

 

[Josemendez]

Even in countries where Crypto is not legalized won't allow such Exchange plaform to continue to scam people of their hard earned money whatsoever.

Defi doesn't really scam people it is just that it is decentralized and thus the government of any country adopting it won't be able to earn much from it

 

[Josemendez]

Defi doesn't really scam people it is just that it is decentralized and thus the government of any country adopting it won't be able to earn much from it

And as well be able to control to an extent transaction on it

 

[Brain]

Money laundering is one of the few reasons I do not support the anonymity that crypto currency has to offer sometimes. The gang weren't the only criminals, they probably helped other crypto criminals out too.

Yeah, money laundering is way too high with Bitcoin because the annonymity it carries. You can imagine the amount of money this thievies are siphoning away daily.