With the increased popularity of cryptocurrency, comes the rise of cybercrimes. Cryptocurrency can and is being exploited by criminals using ransomware, hacking tools, and extortion schemes. The Justice Department has created the National Cryptocurrency Enforcement Team (NCET), and has recently appointed its first Director, Eun Young Choi, to combat these crimes.
NCET will investigate and purse all digital asset crimes, but is especially focused on “virtual currency exchanges, mixing and tumbling services, infrastructure providers, and other entities that are enabling the misuse of cryptocurrency and related technologies to commit or facilitate criminal activity.”
To read more about Ms. Choi and NCET, click here.