Crime

The DOJ’s Retreat from Crypto Enforcement: A Double-Edged Sword

April 11, 2025April 11, 2025 Jorge Santos

In a significant policy shift, the U.S. Department of Justice (DOJ) has disbanded its National Cryptocurrency Enforcement Team (NCET), signalling a move away from broad regulatory actions against the cryptocurrency industry. This decision, aligned with the Trump administration’s pro-crypto stance, aims to reduce what it perceives as regulatory overreach and foster innovation in the digital asset space. A Cause for Concern: Potential Rise in Crypto Scams While the intention to support innovation is notable, the move raises concerns about the potential for increased crypto-related scams and fraudulent activities. The NCET…

Surge in Crypto Thefts: Over $2 Billion Lost in Q1 2025

April 10, 2025April 10, 2025 Jorge Santos

The cryptocurrency industry has been rocked by a sharp rise in cyber thefts, with more than $2 billion stolen in just the first quarter of 2025. Hacken’s Web3 Security Report shows that thefts are up 96% compared to the same period in 2024. This is one of the biggest waves of cybercrime the crypto sector has ever seen. Analysts suggest that rising geopolitical tensions, macroeconomic instability, and growing sophistication among cybercriminal groups are contributing factors behind this escalation. High-Profile Breaches Fuel Massive Losses Among the most devastating attacks was the…