Post
Topic
Board Altcoin Discussion
Re: Crypto Crime is getting Worse, what do we do?
by
profitgenerator212
on 13/07/2019, 18:44:54 UTC
https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

The solution is simply regulation. Basically to check mate the sort of scams perpetrated by Sparkster admin. Every coin or dapp creator with monetized asset on coinmarketcap should be made to under go kyc. Exchange operators should be made to undergo such processes too. This effort will drastically reduce crypto scam