Crypto horror in real life
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04.10.2023
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Nowadays hundreds of people are being trafficked by organised criminal gangs and made to carry out scam schemes. According to the UN report, part of them is involved into crypto frauds.
Vanda Baranova

Crypto horror in life

Today we’re covering a pretty tough topic. Many people believe that crypto sphere is connected with crime and financial frauds. No matter how hard it is to note this terrible fact, it’s partly true.

 

It is important to mention that nowadays hundreds of people are being trafficked by organised criminal gangs and made to carry out scam schemes. Surprisingly, according to the UN report, part of them is involved into crypto frauds suffering from human rights abuses and forcefully carrying out online fraud.

 

The majority of activities were directed by Chinese mobsters residing in Cambodia or Myanmar. They’d persuade young individuals from Southeast Asia to relocate with the promise of well-paying work in service industries or online gambling. Then, those people would then be imprisoned and coerced into a criminal enterprise when arriving. 

“The enormity of online scam trafficking in Southeast Asia is difficult to estimate,” the UN highlighted. Those who are forced to work into these schemes suffer from inhumane treatment while being obliged to carry out those crimes. And they’re often seen by social media, authorities and other people as criminals, not victims of highly organised criminals and their schemes.

 

Zeke Faux, an investigative journalist for Bloomberg Businessweek and Bloomberg News captured in his article his experience with a person involved into human trafficking and crypto fraud. He also stated that many office buildings are filled with enslaved people spamming with messages and luring others into fake communication under fear of punishment or execution.  

 

Many crypto enthusiasts would rather pretend they were assisting, helping the underprivileged and poor in developing countries. But it actually seems to be that lots of of them didn’t took the time to investigate the more sinister effects of the technology that made possible confidential and untraceable transactions.