Thursday, 07/10/2021; Nikos Kaimakamis
A new team investigating financial crimes with Bitcoin and cryptocurrencies has been set up by the US Department of Justice. This special group is called the National Cryptocurrency Enforcement Team (NCET).
The purpose of this group of “Rambo” economics for Bitcoin and other cryptocurrencies is to detect financial crimes committed with vehicle cryptocurrencies, such as money laundering, or suspicious transactions with fictitious currencies. In many cases of ransomware attacks, cybercriminals demand ransom to be paid in cryptocurrencies, as in the case of the Colonial Pipeline attack in the United States.
The NCET team will be able to offer know-how to other US Department of Justice services to be better prepared to meet the challenges posed by the blockchain economy, and will be staffed by relevant backgrounds from departmental positions. for money laundering, cybercrime and copyright law of the US Department of Justice.
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Source: Techblog by techblog.gr.
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