NEW TRENDS EMERGE IN CRYPTO SCAMS AS VIRTUAL CURRENCY AND ASSET SYSTEMS DEEPEN COMPLEXITY
March 10th, 2024
While crypto-currency-based fraud is often just a variant of scams committed using fiat currency, the increasing complexity of virtual money and asset-based systems also offer fresh opportunities for criminals to use deception to make money.
With former crypto-currency tycoon Sam Bankman-Fried scheduled for sentencing on March 28 over crimes committed when running cryptocurrency exchange and crypto hedge fund FTX Trading Ltd, the profile of crypto-fraud will be heightened worldwide. Bankman-Fried was in November (2023) convicted over two counts of wire fraud ...
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