Will the Covid 19 pandemic be the cause of even more Bitcoin scams and cyber crime?

[BrolySSJ 7899]

The corona virus took the world by storm, and this year was a complete curveball for many in terms of their businesses and their work opportunities and so forth. The lockdown has had major negative impacts on the economies of many countries and as a result of these economic impacts, many companies were forced to do retrenchments and many lost their jobs. This placed a major strain on the financial position of those without jobs, increasing the poverty levels in many countries. 

 

According to one of the major and most known cybersecurity platforms, Kaspersky, it is likely that this increase in poverty will be one of the main factors for increasing cyber and crypto crimes expected in 2021. This may be seen in the form of scams and so forth. It is expected that this will be seen world wide as many fiat currencies also faced a major devaluing in the past year. 

 

However, it seems that the criminals are moving away from demanding bitcoin, and may move towards coins such as MONERO which are much harder to track. Therefore it is very important that we be vigilant when we are online and very careful of websites that we visit. Also it is important to research potential earning opportunities so that we do not fall victim to these scams as well. In order to combat cyber crime we need to be more educated on it and how to prevent it. 

[hani20980 2706]

Agree i think this pandemic situation will be a very good chance to scammers and hackers

and even criminals we may see more crimes and hacks operations so we need to be always

careful to prevent any hacks or scams

[Zeshan Khalid 2577]

Due to the lockdown of the pandemic more and more people will join the crypto forums. When more people will join then more cyber crimes and cryptocurrencies scams are going to happen

[Syedbesharat 5423]

During pandemic the adoption of BTC rise up to 159% and the scamming also risen because most of the people were online from homes and invested in crypto for profit. But the scamming increases as well newbie don't have much knowledge and expert scammers scammed them. The pandemic bring people closer to crypto but the scammers also find their new preys easily. 

[Izeal 4404]

I don't know about the crime and scams but I am sure that this pandemic has increased the more member in the cryptocurrency and they have learnt about the use which is very good things. But I am sure there are more scams happening to the new member. So, if you have any new friends involving in the cryptocurrency then you can simple say they you have to be very alert because the scammer might get you and you can be scammed.

[Projectcrypto 4382]

Due to the Corona virus pandemic period many people were left af home without any source of income and since cryptoworld is a place where you can visit even while sitting at home to earn some money many scammers and hackers tends to create many ways to cheat less experienced people in cryptoworld and for that reason i am advising us to be extra careful on the way we run our activities nowadays because they have many techniques they use to attack.

[Jones33 37]

The corona virus has actually increases th number of cryptocurrency members in the world which is mainly due to the fact that we don't work and since that is the case many people don't want to work and only they do is to sit down at home trying to scam and hack people account for that reason we should be careful in order to avoid falling victims.

[M.bello 1015]

Yeah it may be due to the lockdown of business organization and government  due to social distance protocol many people are at home doing nothing, the hackers will use this as a medium to scam people sending them fake link to join so that they could scam them be careful 

[Abdul1168782 572]

Yes I also think like you and this covid-19 increase many difficulty in the society. And the street crimes increases because the government is now busy to control covid-19 pendamic and they are free like wolf.

[Serbberq 724]

During the pandemic break out there is total luck down which has brought  difficult in living, and many decide to make away to earn either legal or illegal to survive. 

[Raqeebzy 6456]

It actually follows a simple sequence, as internet usage increases, adoption of cryptocurrency tends to increase. Relatably, scammers and fraudsters tends to take advantage of the population keeping track of the gullible and unaware users. So if fraud activities increases during the pandemic period, I feel it is meant to be.

[scofield64 943]

The covid 19 pandemic has lead to lost of jobs for many individuals. The covid 19 situation can lead someone to start bitcoin's scam or internet fraud. So we need to be extra careful and not to share our personal information to others. 

[Flying11Horse 45]

No doubt @BrolySSJ that Tis pandemic has been a cause of increase in attention towards Digital currencies especially cryptocurrencies .Among them Bitcoin is the most to attract the most people .As the popularity of crypto has been increased ,the numbers of scams in crypto are also increased .I have been through a lot of scams in this particular year and it was almost double then the previous year .

[Froshk 1828]

On 12/7/2020 at 1:18 PM, Raqeebzy said:

It actually follows a simple sequence, as internet usage increases, adoption of cryptocurrency tends to increase. Relatably, scammers and fraudsters tends to take advantage of the population keeping track of the gullible and unaware users. So if fraud activities increases during the pandemic period, I feel it is meant to be.

These is totally True, the vast majority of people that joined the crypto world during the pandemic were not that exposed to the do's and don't 's and so therefore the scammers and fraudsters took advantage of that and it became like a soft landing to palpitrate their illegal activities 

Edited December 9, 2020 by Froshk

[Raqeebzy 6456]

On 12/7/2020 at 6:13 PM, Froshk said:

These totally through, the vast majority of people that joined the crypto world during the pandemic were not that exposed to the do's and don't 's and so therefore the scammers and fraudsters took advantage of that and it became like a soft landing to palpitrate their illegal activities 

Did you notice since the pandemic, there have been much more scam exit than ever in cryptocurrency platforms (exchanges, wallets and investment platforms) where naive and unsuspecting users lose millions of dollars through it. 

[setifien 1016]

Actually corona pandemic and the lockdown that has resulted in, gave an opportunity to scammers to run easily their projects online because the majority of people are using online platforms to do their activities (distance working)

[RonaldB 48]

The Corona virus has led to compulsory adherence to home quarantine, and this has led to many people losing their jobs and work today, and this is what made many of them experiment in the encrypted world and use any fraudulent methods of quick gain.

[tienda 8776]

I think the scammers and cyber crime exist before the pandemic covid-19. However, it is possible there are a lot of victims because of the covid-19, because there are many people who joined the cryptocurrency for the first time and is possible there are some people using the internet for the first time, so is possible without the knowledge falls in the scammers traps.

[Amiami 1362]

I have read certain articles related to this topic, for example during the quarantine, platforms such as amazon and MercadoLibre, announced that the rates of scams or the use of stolen cards increased by 35% an alarming figure, and the cryptocurrency market did not lag behind, magically many platforms with time in the market fell and many others appeared to rob the unwary.

 

Among the big ones that fell and did what we know today as "Exit Scam", are BTCSurf and Arbistar.

[abd1992 960]

On 12/1/2020 at 9:51 AM, BrolySSJ said:

The corona virus took the world by storm, and this year was a complete curveball for many in terms of their businesses and their work opportunities and so forth. The lockdown has had major negative impacts on the economies of many countries and as a result of these economic impacts, many companies were forced to do retrenchments and many lost their jobs. This placed a major strain on the financial position of those without jobs, increasing the poverty levels in many countries. 

 

According to one of the major and most known cybersecurity platforms, Kaspersky, it is likely that this increase in poverty will be one of the main factors for increasing cyber and crypto crimes expected in 2021. This may be seen in the form of scams and so forth. It is expected that this will be seen world wide as many fiat currencies also faced a major devaluing in the past year. 

 

However, it seems that the criminals are moving away from demanding bitcoin, and may move towards coins such as MONERO which are much harder to track. Therefore it is very important that we be vigilant when we are online and very careful of websites that we visit. Also it is important to research potential earning opportunities so that we do not fall victim to these scams as well. In order to combat cyber crime we need to be more educated on it and how to prevent it. 

With the increase in patients from the kurna virus, there must be more opportunities to work on the Internet, this matter will make many depend on it in order to collect their salaries and work for some fear of the virus and this will greatly encourage fraud

[jackycrypto485 1055]

Thanks for the warning, it is true that awareness must be fully spread among new members about the dangers of the Internet and the need to protect our wallets and our accounts well, we must install protection programs and not access suspicious sites, and we must also not open untrusted mail messages, the most important point of protecting your private keys on a white paper And not to store it on any electronic media because it will be vulnerable to theft.

[Guru2050 8284]

In another perspective one will have to say 2020 has reasonably proven to be the best and most impressive year for crypto currency considering the immeasurable, hefty number of masses that is joining the world of crypto currency. That's to say covid-19 out break at the early phase was a grevious threat to crypto market but amidst the situation changes to be positive shaping and attracting the masses

[Maaz sultan 265]

NO i dont think that because of COVID there the ratio of scams are increasing the main reason is the user of this field are increasing and scammers set more trappers to get innocent new users that dont have any information about that field .

[Projectcrypto 4382]

9 hours ago, Guru2050 said:

but amidst the situation changes to be positive shaping and attracting the masses

Yes mate because the number of Cryptocurrency users have increased a lot since the beginning of this Corona virus pandemic, many people were left at home without any source of income and that is what draw the attention of many people into the world of Cryptocurrency and i am happy about that since adoption is increasing more and more.

[Nicole018 4548]

Cyber crime awareness and cyber crime education are need of the hour. With the corona pandemic many criminals has taken internet as an opportunity to to conduct cyber attack on the internet users. so because of this it is definitely necessary that the users be aware of any potential threats that may arise and also they install the necessary protocol that would protect them from hackers and scammers.