74% of public agencies feel under-equipped for crypto investigations: Report
Law enforcement and regulatory agencies investigating cryptocurrency-related incidents need better data, training and private partnerships, according to an industry survey conducted by Chainalysis. A public agency survey conducted by blockchain analytics firm Chainalysis highlights the need for better tools, training and support for cryptocurrency-related investigations. The blockchain data platform delved into the topic in its 2022 State of Cryptocurrency Investigations Survey, with 74% of respondents indicating their agencies were under-equipped to investigate cryptocurrency-related....
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Changing an intelligence agency's perspective on crypto crime is the next step toward a successful crypto investigation. While the value of cryptocurrencies has varied wildly in the last year, this has not diminished crypto’s attractiveness to criminals. Many of them are moving their illegal activities underground and outside the view of law enforcement. Because of the public nature of most blockchains, however, this rapid movement shouldn’t be a major concern to law enforcement agencies. With the right tools and training, following the proceeds of crypto-enabled crime is actually not as....
The cryptocurrency exchange has been holding workshops for law enforcement worldwide since hiring a prominent IRS cybercrime investigator to head its anticrime unit. Binance announced the existence of its Global Law Enforcement Training Program in a blogpost on Sept. 27. The creation of the program could be considered retroactive, since the company’s investigations team has been holding workshops for law enforcement for the past year. Binance expanded its investigations team a year ago, and has held one-day workshops in numerous countries since then, according to the company’s blog. It....
Ruja Ignatova, founder of the notorious crypto pyramid Onecoin, was reportedly alerted about police investigations into the scam before she disappeared. The ‘Cryptoqueen’ has been on the run for several years, wanted by law enforcement agencies around the world. Onecoin Mastermind Learned About Arrest Efforts From Leaked Police Documents, Podcast Reveals A media report has shed light on how Onecoin’s founder Ruja Ignatova may have been warned about the plans to detain her months before she disappeared almost five years ago. That’s according to files seen by the BBC, which airs a podcast....
The SEC is currently investigating "Alex Green" and Moopay LTD along with seven other cryptocurrency companies. The confirmation of government action comes by way of CoinFire, a reputable news site that was first tipped off to SEC and DOJ involvement last week, before the public implosion of MintPal, Moopay, and Moolah. The veracity of the ongoing investigations has since been confirmed with both government agencies and sources within said agencies; however, the names of the seven other cryptocurrency companies currently under investigation are staying unpublished so as not to hinder....
International law enforcement groups and government agencies are hosting a conference on money laundering and digital currencies this week. Backers of the event, running between 16th and 18th January, include Interpol, Europol (the European Union’s top police agency) and the Qatar National Anti-Money Laundering and Terrorism Financing Committee, a unit of the emirate’s central bank. The event is being held in Doha, the capital of Qatar. Local news sources report that during the event, deputy central bank governor Sheikh Fahad Faisal Al-Thani (who also chairs the AML committee) called for....