FBI Says Cyber Criminals Dealing With Crypto are Rapidly Upgrading

The United States Federal Bureau of Investigation (FBI) says that law enforcement can barely keep up with the advancements of criminal activities in the cryptocurrency sector.

The FBI said that cybercriminals have embraced digital innovations in the cryptocurrencies technology so rapidly that it is getting hard to keep it up.
Cybercriminals generally use crypto for extortion payment or ransomware attacks.
“Crypto is the primary currency, the primary vehicle, to facilitate extortion payments. It’s the only game in town,” Bryan Vorndran, assistant director of the FBI’s Cyber Division, told Bloomberg. “We all know the blockchain offers us some opportunities, …

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