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I think this problem should be solved politically/legally first, technology can easily track money as you know. How are scammers able to operate bank accounts
by N_Lens 10mo ago
I think this problem should be solved politically/legally first, technology can easily track money as you know.
How are scammers able to operate bank accounts without leaving any traces, and why don’t the police and banks have the power to reverse transactions that are obviously fraudulent.
- razakel 10mo agoThe problem is corruption, and that's not easy to fix.
- scapbi 10mo agoI know about corruption; anyone who lives in a third-world country understands it. However, as an engineer who built the technical solution, I feel hopeless. Even though my team has strong technical skills and worked extremely hard, with very little sleep for six months, to create something for the greater good, situations like this still happen. In fact, they are becoming worse and more frequent. As an engineer, I hope that I can gain more knowledge, connect with more people, and do more to help those who have no one to protect them.
- tracker1 10mo agoSometimes, I think some aspects of "the old west" in the US might be worth considering a return to... such as "outlaw" and "dead or alive" I realize that in society we don't typically care for these kinds of approaches, but how else do you actually deal with literal evil that sits safely on the other side of the globe, when their own governments won't do anything to stop it? The problem is, in reality any such activity would largely be indistinguishable from terrorism.
- bluecheese452 10mo agoAh yes the old west. A time of peace and low crime.
- tracker1 10mo agoYou mean like today?
- idontwantthis 10mo agoWhen’s the last time your horse got rustled?
- tracker1 10mo agoI've had two cars stolen, and many people I know have had at least one stolen... so analogously it's still an issue... beyond this, there have literally been dozens of shootings in most major US cities alone every week. And even in those places with strict gun laws, there are regularly violent crimes with bladed weapons.
- anxman 10mo agoCrypto
- anxman 10mo agoIt's actually more complicated, but the draining of scam money at scale (ie: billions) is done with the help of collaboration of the Triads and Mexican cartels. IE: Chinese scammers rob the world of billions. They ultimately end up with tons of crypto but still need to launder it. They collaborate with the Mexican cartels to buy USD cash from them paid via crypto. Then the Triads re-launder that cash or sell it to other Chinese nationals in the USA.
- Eddy_Viscosity2 10mo agoThe big banks also get a cut when they launder these funds. There are more profits to be made by enabling (or at least not stopping) scams then there is in preventing them. Market forces at work.