crypto fraud Archives - EFRI identifies financial crime enablers to curb cyberfraud

Nested services: Another Blind Spot in the Liability Chain!

In the world of crypto fraud, a new facilitator has quietly emerged: Nested Services – sometimes referred to as the “money mule equivalent” of the crypto age. These services play a critical role in laundering crypto-assets stolen from unsuspecting investors. What are Nested Services? A Nested Service is a crypto

7 May 2025 No Comments

Data shows Crypto Fraud is on the Rise!

Investors lost a record $5.6 billion to crypto-related financial crime in 2023, up 45 per cent from 2022, according to a report from the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center (IC3) published recently. While the number of cryptocurrency-related complaints received by IC3 represents only about 10 per

10 September 2024 No Comments