2022-06-22 - Dogecoin Worth Millions Linked To Illicit Activity Including Terrorism: Elliptic

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Date: 2022-06-22
Title:

Dogecoin Worth Millions Linked To Illicit Activity Including Terrorism: Elliptic

Summary:

Dogecoin is increasingly connected to illicit activity including Ponzi schemes, the financing of terrorism and child sex abuse material (CSAM), according to a new report by blockchain analytics firm Elliptic.

Per the report, the meme coin has enjoyed growing popularity as a method of payment; however, aside from legitimate causes, it has also caught the attention of bad actors, with “millions of dollars worth of Dogecoin transactions connected to illicit activity,” identified.

URL: https://decrypt.co/103528/dogecoin-worth-millions-linked-to-illicit-activity-including-terrorism-elliptic
Author(s): Andrew Asmakov