Government Seizes $61 Million in Tether from Scam Operations

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Posts: 131 · Reputation: 228
#1Sep 27, 2018, 04:59 AM
This just proves criminals aren't as clever as they think. Seriously, using crypto to hide stuff? They can't really cover their tracks with a chain that can be traced so easily.
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SwiftForkMember
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#2Sep 27, 2018, 09:23 AM
Yeah, but pig butchering scams and hacker groups like Lazarus are totally different. Some scammers might be good at deceiving, but they might not know the basics of crypto exchanges.
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#3Sep 27, 2018, 09:30 AM
Right? People act like crypto guarantees privacy, but not all scammers understand blockchain. As long as the cash flows to them, they don’t care. This seizure shows that.
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CryptoBitNewbie
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#4Sep 27, 2018, 03:40 PM
Exactly! Just a heads up for everyone holding USDT. It can be frozen anytime, even if it's in your own wallet. That's why I always say don’t hold onto it for too long.
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#5Sep 28, 2018, 10:54 PM
True, but they’re still thieves. Scammers and hackers are basically the same in my book. They just need to slip up once, and boom, caught.
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fewunderstandLegendary
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#6Sep 29, 2018, 01:49 PM
You gotta wonder how many get caught just because they flaunt their wealth. Buying flashy stuff is a surefire way to attract attention. I've seen so many cases just like that.
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#7Sep 29, 2018, 09:29 PM
The FBI and DOJ have been on a roll with these cases lately. They’re proving that with proper blockchain analysis, they can bust these fraudsters.
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planktonHero Member
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#8Sep 30, 2018, 12:13 AM
This scam is classic, especially from places like Myanmar. They flaunt their riches online and lure in victims to fake exchanges. Crazy how much money these call centers rake in.
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bridg307Member
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#9Sep 30, 2018, 06:10 AM
Lol, centralized assets are always at risk. Still, no sympathy for these scammers!
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just_forkMember
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#10Sep 30, 2018, 09:27 AM
So, the article says they seized the funds but didn’t really ID the scammers. They might not be as skilled as Lazarus, but they were smart enough to evade capture for now.
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planktonHero Member
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#11Sep 30, 2018, 10:50 AM
Yeah, I doubt Lazarus would bother with petty scams like this. Governments usually lose in fraud cases, recovering maybe a tiny fraction of the stolen funds.
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CryptoBitNewbie
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#12Sep 30, 2018, 02:07 PM
Zero sympathy here too. They stole it first, and now it got 'stolen' back. But the real concern is how easily these funds can be frozen, even in a legit wallet.
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kevin_bridgeFull Member
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#13Sep 30, 2018, 02:19 PM
For sure! People think crypto is a criminal’s paradise, but in reality, many get caught. The small-time frauds slip through, but larger amounts get noticed.
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CryptoBitNewbie
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#14Sep 30, 2018, 06:49 PM
Many hackers know how to cover their tracks. Authorities only recover from those who mess up or hold onto coins that can be frozen.
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#15Sep 30, 2018, 09:21 PM
If you're dumb enough to keep your ill-gotten gains in a centralized stablecoin, you deserve the freeze. These pig butchering operations are brutal, and China isn't playing around with punishments.
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CryptoBitNewbie
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#16Oct 1, 2018, 03:41 AM
I think many scammers lack real crypto knowledge. They probably didn’t realize Tether could be frozen in any wallet, which is kinda lucky for them.
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#17Oct 1, 2018, 05:45 AM
Yeah, it’s a horrible situation. Authorities usually break up these groups, but there are just so many out there. Stronger punishments are definitely needed.
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