Crypto Crime Has Hit Main Street. Here’s How Local Law Enforcement Can Take Action.

December 31, 2022

There’s a common misconception that tackling cryptocurrency-based crime is solely in the domain of large national-level law enforcement agencies or elite cybercrime units. As an example, we’ll look below at how crypto scamming affects everyday people in jurisdictions around the world, and discuss how local law enforcement agencies can equip themselves to address it effectively. Crypto scams carry enormous monetary and human costScams are the biggest form of cryptocurrency-based crime, with over $26 billion taken from victims between 2017 and 2021. Local Law enforcement agencies large and small have the power to investigate crypto crimeScams aren’t the only form of cryptocurrency-based crime that local law enforcement agencies need to be thinking about. The diversity and impact of these threats underline the importance of blockchain analysis training for local and regional law enforcement.