FBI forms crypto unit

Feds take on crypto crime

The FBI is forming a new team dedicated to cryptocurrency, according to the Department of Justice (DOJ).

The new team will work closely with the National Cryptocurrency Enforcement Team, the DOJ announced Thursday.

Prosecutor Eun Young Choi, who has a background in cyber-related crimes, will serve as the National Cryptocurrency Enforcement Team’s first director.

“The department has been at the forefront of investigating and prosecuting crimes involving digital currencies since their inception,” Choi said in a statement.

“The NCET will play a pivotal role in ensuring that as the technology surrounding digital assets grows and evolves, the department in turn accelerates and expands its efforts to combat their illicit abuse by criminals of all kinds. I am excited to lead the NCET’s incredible and talented team of attorneys, and to get to work on this important priority for the department.”