New crypto investigations team ‘traces £350m of stolen funds’
Cryptocurrency
A Liverpool-based crypto investigations team claims to have traced more than £350m of stolen cryptocurrency worldwide.
According to City of London Police, £649m was lost to investment fraud in the UK last year, with cryptocurrency featuring in 66% of complaints.
Crypto transactions are notoriously hard to trace due to the international nature of the industry, the speed at which crypto can be moved and the pseudonymity of blockchain technology.
In addition there are numerous services which are used predominantly by thieves to hide the flow of crypto such as bridges – which move assets from one blockchain to another – and mixers which literally mix up one lot of assets with another in order to hide their destination.
Source link
Related Posts
recent post
-
Jul 11 2025 -
Jul 11 2025
-
Jul 11 2025
-
Jul 11 2025
-
Jul 11 2025
