FBI’s ninth crypto crime conference examines trafficking, fraud and hacking

  • The FBI held its ninth Virtual Asset Technical Exchange for law enforcement and crypto-security specialists.
  • The September San Antonio event capped private-sector participation at about 50 vendors and partners.
  • The FBI seized over $560,000 in crypto intended for Hamas’ Al Qassam Brigades.

The FBI’s ninth annual Virtual Asset Technical Exchange, formerly known as the Virtual Currency Symposium, brought together U.S. and overseas law enforcement officials, crypto-security professionals and blockchain-forensics firms to examine digital-asset crime. The invitation-only event was held in September in San Antonio, Texas, according to attendees, although an earlier account described the same ninth annual gathering as a two-day meeting in New Orleans on August 27-28, co-hosted with the National Cyber Investigative Joint Task Force. A 2024 edition was held in Austin, where attendees discussed Tornado Cash and a resurgence in pig-butchering scams, while NFTs received less attention. TRM Labs confirmed its attendance at the San Antonio event, while Chainalysis declined comment on reported participation. Nikhil Raghuveera, co-founder and CEO of Predicate, presented on stablecoin compliance and GENIUS. Representatives of the Security Alliance and the Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, also participated. The government-funded symposium limits private-sector vendors and partners to about 50, with total attendance reaching several hundred. Discussions covered cartel and terrorist financing, cyber-enabled fraud, scams, child sexual abuse material, human trafficking, wrench attacks, emerging hacks, North Korean activity and intelligence sharing. Separately, the FBI seized more than $560,000 in crypto intended for Hamas’ Al Qassam Brigades and joined agencies in Japan, Australia and Germany in identifying North Korean group WaterPlum, which they said stole about $10.71 million in crypto. The FBI’s Virtual Assets Unit, launched on February 7, 2022, supports investigations and victim outreach; the bureau estimates its efforts prevented roughly $285 million in investment-fraud losses.

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