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The setback of the rising Crypto Industry.

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It might seem strange that a virtual object has to go round about the court and become a subject of a number of legal notices. But keeping these increasing events of scams, illegal schemes, and thefts reported on a daily basis in mind, it won’t really come as a surprise. Where there is money there has to be illegalities. Technology has flourished but with it, the dark side of virtual world has also had an upheaval. Here’s a brief highlight of this week’s one of the major crypto visits to the court.

As reported previously, Mr Craig Wright has been accused of all that is illegal in the Crypto world. Stealing Bitcoins, money laundering, signature forging, fake wallets; you name it, he has done it all. He had previously claimed to be Satoshi Nakamoto but his show of illegalities seems to be an entertaining set of events for the rest.

Mr Wright has been charged with conspiring against Mr Kleiman’s family and illegally seizing control over Dave’s Bitcoins and forging his signature. As the Crypto sector progresses towards establishing an expanded foundation, the rate of the scams and illegalities rise with it.

Not just Craig Wright and his outpouring scams, Bill Gates and his accusations on Crypto, hackers stealing away numerous number of coins, miners getting stolen from a rising ecosystem; there isn’t really an end to this. Bitcoin was a product intended to be free of any country, governing bodies or banks. But the crimes continously drags it down to any mainstream hoaxes related with money. Even if you want the decentralized sector to flourish, a protocol is needed.

No great ideas comes without a setback, no revolution comes without someone pulling it back. Bitcoin shall strive and be there, even if there’s thousands of hurdles to overcome, it will still continue to exist.

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