Crypto crimes place ‘a significant burden’ on law enforcement – DL News
- Losses from crypto crimes have exploded this year.
- Pig butchering and wrench attacks are becoming more prevalent.
- Law enforcement needs to keep pace with crypto crimes, Europol officials say.
The European Union’s police agency, Europol, says crypto crime is “becoming increasingly sophisticated, complex, and organised.”
At the 9th Global Conference on Criminal Finances and Cryptoassets this week, Europol officials said law enforcement is struggling to keep pace with crypto-based crimes used to finance terrorism, drug trafficking, and sanction evasion.
“Investigating these crimes places a significant burden on the law enforcement agencies of EU member states,” Burkhard Mühl, Head of Europol’s European Financial and Economic Crime…
