Skip to content
Home » DeFi Is the Vanguard of Crypto Fraud. Whistleblowers Can Stop It – Bloomberg Law

DeFi Is the Vanguard of Crypto Fraud. Whistleblowers Can Stop It – Bloomberg Law

  • by
  • DEFI
DeFi Is the Vanguard of Crypto Fraud. Whistleblowers Can Stop It – Bloomberg Law

As the federal government cracks down on the crypto industry, crypto traders and entrepreneurs are likely to shift their investments to decentralized finance markets. In the immediate aftermath of the Securities and Exchange Commission’s early-June complaints against Binance and Coinbase, DeFi trading volume reportedly surged 444%.Investors aren’t the only ones interested in DeFi. Two months earlier, the Treasury Department released a report that found “illicit actors, including ransomware cybercriminals, thieves, scammers, and Democratic People’s Republic of Korea (DPRK) cyber actors, are using DeFi services in the process of transferring and laundering their illicit proceeds.”Fighting money laundering and protecting investors in the… 

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *