Btrz_JokerBTC_728x90_en.gif

Are Crypto-Fraudsters One Too Many Steps Ahead of the Law?

Based on a true story, the 2002 Spielberg masterpiece Catch Me If You Can is a thrilling game of cat and mouse between Tom Hanks’ FBI Agent, Carl Hanratty in his never-ending pursuit of Leonardo DiCaprio’s ingenious teenage con-man, Frank Abagnale Jr., who became one of the US’s most prolific fraudsters by the time he was 22 years old.


Always in view, but never in reach, Abagnale expertly stays a tantalizing three steps ahead of his chasers. The same can be said of today’s crypto-fraudsters, who leave in their wake a trail of devastation with no means to catch them. Or so it seems.


Mo Crypto Mo Problems


The slew of high profile crypto-frauds that have permeated the media, show that this type of crime is significantly on the rise. Cryptocurrency security firm CipherTrace, report that $1.2 billion has been stolen through various cryptocurrency-based frauds in just the first quarter of 2019, $356 million of which was exclusively looted through exchange hackings.


Exchange hacking is the crypto-fraud du jure, with high profile scandals such as the $32.3 million hack of Japanese exchange Bitpoint and the ever-evolving mystery surrounding QuadrigaCX. In the latter example, over 115,000 investors have been left staring into a crypto-abyss, after the 30-year-old founder of Canada’s largest cryptocurrency exchange, unexpectedly (and purportedly) died last December, sealing off any and all access to over £145 million (over $180 million) worth of cryptocurrency. Read More...

#Hacked

Antminer Banner.png