3 ms·
$300M seized, 3500 people, that's only $80K each. There's a lesson here kids: cybercrime doesn't pay unless you're top of the teepee. For the real money, you wa
by contingencies 3y ago
$300M seized, 3500 people, that's only $80K each. There's a lesson here kids: cybercrime doesn't pay unless you're top of the teepee. For the real money, you want to be classified as 'fintech' or 'white collar', instead.
- merek 3y agoIt's at least $300M. Arresting 3500 perpetrators averts future loss.
- Scoundreller 3y agoThat’s just what they seized in virtual/physical currency. There would be further assets laundered in, for example, whoever the heck is paying $5m for a house in Vancouver that sits empty.
- Sayrus 3y agoSeeing the list of countries participating in the operation, $80k actually matters in many. And that's the amount seized, which may vary a lot from the amount they actually made over time. > The countries participating in this year’s operation were: Argentina, Australia, Brunei, Cambodia, Cayman Islands, Ghana, India, Indonesia, Ireland, Japan, Kyrgyzstan, Laos, Liechtenstein, Malaysia, Maldives, Mauritius, Nigeria, Pakistan, Philippines, Poland, Korea, Romania, Seychelles, Singapore, Slovenia, South Africa, Spain, Sweden, Thailand, United Arab Emirates, United Kingdom, United States and Vietnam. Hong Kong also participated.
- ptek 3y ago$80KUSD in Maldives, Mauritius and Seychelles would be quite nice, especially if you could get a cheap all inclusive resort. $80KUSD in Goa/India would be fun tool :), scam all day then rave all night \o/
- cheeze 3y agoMedian income in Laos is 2k. So yeah 80k is a big deal in many of these countries.
- doubled112 3y agoIt really depends on what they're promising. Even in a country like Canada, the median income is only something like $40K CAD Hey, work for me for a summer and I'll give you $80K? Sounds like a good deal if you're broke, or desperate, or young.
- toasted-subs 3y agofintech? Like just hacking the stock market with signals and information intelligence?
- drivebycomment 3y ago$300M seized means the actual money victims lost over time is likely multiple times higher - wouldn't be surprising if it's closer to 10x than 2x.