Justice Department Appoints First Director of National Cryptocurrency Enforcement Team

Justice Department Appoints First Director of National Cryptocurrency Enforcement Team. NCET to focus on tackling criminal misuse of cryptocurrencies, virtual currency exchanges, money laundering, cyberattacks, ransomware, and extortion schemes. FBI launching Virtual Asset Exploitation Unit (VAXU) to track and seize illicit cryptocurrencies. Global increase in crypto crime, including darknet market sales, ransomware attacks, and cyber-espionage by North Korean and Russia-linked groups