The legislation calls on federal law enforcement to help state, local and tribal agencies with blockchain and other investigative tools to fight pig butchering and other schemes.
A huge chunk of all scam revenues being tracked by Chainalysis on the blockchain (43%) were sent to wallets that only became active over the past year — something Chainalysis said suggests a surge of newly created scamming campaigns (Credit: Getty Images)
As enforcement and attribution have improved, scammers are ditching static infrastructure and drawn-out schemes for shorter campaigns that use disposable assets.
The Treasury Department sanctioned Blender, a virtual currency mixer which it says North Korean cybercriminals used to launder $20.5 million stolen as part of a $620 million heist which exploited users of the Pokemon-inspired blockchain game Axie Infinity. (image via Axie Infinity)
Deputy Attorney General Lisa Monaco testifies on renewing and strengthening the Violence Against Women Act on Oct. 5, 2021, in Washington. (Photo by Kevin Dietsch / Getty Images)
LONDON, ENGLAND – MAY 30: In this photo illustration, a visual representation of Bitcoin cryptocurrency is pictured on May 30, 2021 in London, England. Bitcoin is a decentralised digital currency, which has been in use since 2009. (Photo illustration by Edward Smith/Getty Images)
