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US Justice Department on the hunt for DeFi hackers and thieves: Report

Published 05/15/2023, 02:23 AM
Updated 05/15/2023, 04:00 AM

The United States Department of Justice’s (DOJ) crypto tsar is cracking down on Decentralized Finance (DeFi) hackers and exploiters amid a four-year rise in illicit crypto activity.

In a Financial Times report published on May 15, Eun Young Choi, director of the Justice Department’s National Cryptocurrency Enforcement Team (NCET), stated that the department is focusing on thefts and hacks involving DeFi, and “particularly chain bridges.”

Decentralized finance total value locked (TVL). Source: DappRadar

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