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Irish crime groups shift to private vaults to hide stolen crypto: ‘Anonymity attached to it’

Irish crime groups shift to private vaults to hide stolen crypto: ‘Anonymity attached to it’

Each day brings in new information around how scams are slowly clouding the crypto space. Despite multiple efforts from lawmakers, agencies and exchanges, scammers are finding in new ways to spread their spiderweb of attacks.

According to an Irish Independent news report, organized crime groups are now trying to hide and protect the money and valuables they make from illegal activities.

Instead of keeping everything in a house, office, or other location that police could easily search, gangs are reportedly renting private storage vaults.

All about the criminals’ vault

The vault is expected to hold six-figure luxury watches, designer handbags, and other high-value goods, as well as cryptocurrency access keys or credentials that can…

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