Crypto fraud reached a new high of $14 billion in 2021. Owing to this alarming fact, US is set to double the size of its cryptocurrency fraud department.
The Securities and Exchange Commission (SEC) stated Tuesday that it will quadruple the capacity of its cryptocurrency fraud branch in an effort to combat fraudulent activity in the booming digital space.
The SEC intends to add 20 employees to the Division of Enforcement's Crypto Assets and Cyber Unit. The division will be expanded to...