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News related to Crypto / Re: Samourai Wallet seized and founders arrested
« Last post by NotATether on Today at 10:42:33 AM »I have a brother, he messaged me on Whatsapp recently but from how he was chatting, I knew he was not him. His account was compromised, not him but a scammer. The scammer is using it to contact people he (my brother) saved their contact. He asked me for money and he gave me a bank that you will think you will be able to trace. But if you trace it, it will be linked to an innocent person. I did not even know the bank or what it is. But I know there are many fake KYCs this days on the online banks that you can open directly on your device without going anywhere.
Their fiat system or monetary system is a failure against scam, money laundering, terrorism, banditry and other criminals activities.
The matter of fact is that these are exactly the kinds of fraud that need to be cracked down on, but since it is "expensive" to go and track every single person doing these things who are in different countries, as well as "inconvenient" for the platform owners who will lose money as a result of lack of revenue made by having these scammers as users, nothing is done about it. Private company interests (which are just money, money, and more money) always get in the way, and the governments go after small fish who can't defend themselves.