Can Crypto Clean Up While Scaling Up?
Crypto scams have remained a booming industry for scammers who exploit the hype, anonymity and global reach of digital currencies.
But with crypto thefts and scams soaring up 53% into the billions last year, law enforcement has sharpened its focus on the historically opaque sector — a space where criminal ingenuity often outpaces regulatory efforts.
One report puts the increase in global crypto-related convictions over the past five years at a “staggering 267%.” The latest sting operation, in which the Federal Bureau of Investigation (FBI) nabbed a dozen and a half criminals, offers a rare view into the ingenious schemes law enforcement agencies are standing up as scammers scale and industrialize their operations.
To net…
