The department had caught a major case of financial fraud earlier this month. In this, a New York couple is accused of laundering more than $ 4.5 billion (about Rs 33,750 crore) of bitcoins. These bitcoins were stolen by hacking the digital currency exchange Bitfinex about six years ago. Regulators under President Joe Biden have increased scrutiny of the cryptocurrency industry following a cyber attack on America’s largest fuel pipeline network last year. The perpetrators of such cyber attacks make recovery in bitcoins. In some of these cases, the FBI has even caught criminals.
Cryptocurrency is related to blockchain technology. It is a database that is shared over a network of computers. After adding the records in it, it is difficult to make changes in them. Addressing the Munich Cyber Security Conference in Germany, Deputy Attorney General Lisa Monaco said the department’s cryptocurrency enforcement team will be headed by Eun Young Choi, which has led the case against a Russian hacker who stole the information of more than 80 million JPMorgan & Chase customers. had led.
Monaco said, “We are giving a clear warning to all criminals who use cryptocurrencies to commit crimes. We also want the help of companies that deal in cryptocurrencies. We need these companies to control crimes related to cryptocurrencies. It is needed. Those who do not cooperate in this will be held accountable.” Monaco said its department would aggressively deal with cyber threats. Frauds involving cryptocurrencies have increased in the US in recent years. Due to this, the regulators have started strict monitoring of this segment. It is often difficult to catch the criminals in such crimes because many times they hacking from abroad and doing frauds related to cryptocurrency. Crimes related to cryptocurrencies have also increased in some other countries.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)<!–
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