Feds Announce New Teams to Enforce, Investigate Cryptocurrency Crimes

The U.S. Department of Justice has announced a new division that will specifically handle cryptocurrency scams.

The “virtual asset exploitation” unit will focus on analyzing blockchain and how assets are both legally and illegally extracted from it. The introduction of this unit comes as cryptocurrency scams become more prevalent with the alternate currencies’ growing popularity.

“We are issuing a clear warning to criminals who use cryptocurrency to fuel their schemes,” Deputy Attorney General Lisa Monaco said at the Munich Cyber Security Conference held in Germany.

This is a developing story and will be updated when more information is available.

The U.S. Department of Justice has announced a new division that will specifically handle cryptocurrency scams. Above, a composite image of cryptocurrency logos.
Igor Faun/stock.adobe.com

Feds Announce New Teams to Enforce, Investigate Cryptocurrency Crimes
Source: Gwapo Pinoys PH

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