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
February 17, 2022
By Sarah N. Lynch and Chris Prentice
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 “virtual asset exploitation” unit at the FBI comes on the heels of 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.
U.S. regulators under President Joe Biden have been ratcheting up their scrutiny of the crypto industry in the wake of a series of high-profile cyberattacks last year on the largest U.S. fuel pipeline network and the world’s largest beef supplier. Ransomware groups often demand their fees in bitcoin.
In a speech at the Munich Cyber Security Conference in Germany, Deputy Attorney General Lisa Monaco announced that Eun Young Choi, a prosecutor who led the case against a Russian hacker who helped steal information about more than 80 million JPMorgan & Chase Co customers, will lead the department’s cryptocurrency enforcement team.
(Reporting by Sarah N. Lynch and Chris Prentice in Washington; editing by Jonathan Oatis)
Source: One America News Network
