There’s a hole to be filled where Tornado Cash once was, and “junior mixers” are vying for position in the wake of the mixer’s sanction and ban by the U.S. Treasury.
Founder of fraud recovery law firm says the only other avenue available for investors would be to make reports to the Ontario Securities Commission or the police.
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline.
Jeremy Spence, aka Coin Signals, scammed around $5 million from 170 investors who were unaware their crypto was used to fund a Ponzi scheme.
Major regulatory agencies plan to work harder to prosecute individuals and companies that have had dodgy dealings with digital assets.
Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021.