Dogecoin Worth Millions Linked To Illicit Activity Including Terrorism: Elliptic

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.