Which is the easiest crime to implement, with the largest potential return, and with virtually no chance of being caught?
I remember hearing that, in the UK, for the first time in a single year, there were no actual physical bank robberies. Why? Because there are often much better pickings for criminals if they can hack their way into a bank. As we move into a crypto world, the opportunities for cyber criminals will increase by the day.
While cryptocurrencies are safe in themselves, the major problem seems to be with the places which hold the wallets. In 2014, for example, Mt. Gox — a Japanese cryptocurrency exchange — filed for bankruptcy after a hacker drained the exchange of 100s of thousands of Bitcoins.
So which is the “crime” that is the easiest to implement (just running a script), most likely to gain you the most in return (a gain of 10s of millions), and have virtually no chance in getting caught (where money transfers are almost impossible to trace for their origin)? Crypto wallet and/or ICO (Initial Coin Offering) hacking!
It must be remembered, that in cryptocurrencies you do not have any physical or electronic tokens. All you have is a wallet with a public and a private key. If you lose your private key, then someone can sign a transaction to move money from your account to theirs. I’ve included a…
