Understanding Fraud Patterns Key in Crypto’s Growth Narrative

07 Jul Crypto News

When bitcoin first appeared in 2009, it was heralded as a decentralized, peer-to-peer alternative to traditional finance.

However, in the industry’s early days, before most businesses had even heard the term “cryptocurrency,” the first scams were already unfolding.

Fast forward to today, and crypto-related fraud has evolved into a multibillion-dollar global phenomenon. In the past few days alone, the U.S. Department of Justice filed a civil forfeiture action after discovering a crypto fraud scheme impersonating the Trump-Vance Inaugural Committee, while the U.S. Secret Service’s Global Investigative Operations Center announced it is scaling up worldwide operations having seized nearly $400 million in crypto assets, storing…