FBI to form digital currency unit, Justice Dept taps new crypto czar


FILE PHOTO: The Department of Justice (DOJ) logo is pictured on a wall after a news conference to discuss alleged fraud by Russian Diplomats in New York December 5, 2013. REUTERS/Carlo Allegri/File Photo

WASHINGTON (Reuters) -The U.S. Justice Department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team and announced on Thursday that the FBI is launching a unit for blockchain analysis and virtual asset seizure.

The creation of the FBI's "virtual asset exploitation" unit comes after the Justice Department's largest-ever financial seizure earlier this month. It charged a married New York couple with allegedly laundering bitcoins now valued at over $4.5 billion that were stolen in the 2016 hack of the digital currency exchange Bitfinex.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

To rival SpaceX’s Starship, ULA eyes Vulcan rocket upgrade
UnitedHealthcare CEO murder: How Silicon Valley protects its tech CEOs
AI with reasoning power will be less predictable, Ilya Sutskever says
How can I get Apple Intelligence on my device?
Google announces Android XR operating system for headsets and glasses
MicroStrategy secures Nasdaq-100 inclusion after bitcoin-fueled stock surge
Meta urges California attorney general to stop OpenAI from becoming for-profit, WSJ reports
Over 50 sex offenders in London arrested using facial recognition technology
Apple CEO Tim Cook to meet with Trump on Friday
US court rejects Tiktok request to temporarily halt pending US ban

Others Also Read