SEC nearly doubles cryptocurrency cop roles in special cyber unit

The US Securities and Exchange Commission intends to fill an additional 20 positions in a special unit that polices cryptocurrency fraud and other cybercrimes. This brings the newly renamed Crypto Assets and Cyber Unit's total to 50 roles as the SEC hopes to crack down on miscreants trying to profit from growing interest in …

[lglethal]

Geez I wish I could get a loan for $100 million without any sort of collateral or actual personal details. Actually you know what I can slum it, I'll be happy with just a million.

Where do I sign up (anonymously of course)? I promise I wont just take the money and run. Trust me...

[vtcodger]

Unsecured Loan

I'm not quite sure how it works, but I think you just claim ownership of an imaginary asset like The Ark of the Convenant, then perform the proper incantations involving blockchain and encryption while turning three times widdershins. I think you can also pledge a real asset you don't actually own -- Niagara Falls or the Trans-Alaska Pipeline -- as collateral.

For hints on how others are doing it, try the Web 3 is going just great website https://web3isgoinggreat.com/.

[An_Old_Dog]

minimum standards

I don't wish ill on the victims, but for me care about their victimization, they have to meet a minimum standard of exercising due care and common sense. These people don't meet that standard. Crypto-whatever, block chain-whatever, and NFT-whatever victims are like people who ignore the big signs warning people to not climb down into the lion pit, climb down into the lion pit anyway, and consequently are lion-mauled.

I'd rather those 50 officers were cops-on-the-street, going after wife-beaters and armed robbers.

[Anonymous Coward]

Re: minimum standards

My thoughts also.

In nature, stupidity is removed through a process of natural selection.

Humans seem to have lost this valuable mode of improvement

I sometimes wonder how much of my taxes get spent on the stupid to remain stupid and have an opportunity to procreate, all of it ?

[Ian Johnston]

"cryptocurrency fraud"? That's a bit redundant, isn't it?