{"id":394372,"date":"2023-05-16T07:13:51","date_gmt":"2023-05-16T07:13:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=394372"},"modified":"2023-05-18T11:40:54","modified_gmt":"2023-05-18T11:40:54","slug":"u-s-department-of-justice-shifts-focus-to-hunt-of-defi-hackers","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/u-s-department-of-justice-shifts-focus-to-hunt-of-defi-hackers","title":{"rendered":"The U.S Department Of Justice Shifts Focus To Hunt DeFi Hackers"},"content":{"rendered":"

The United States Department of Justice (DoJ), a crypto tsar, is shifting its focus to hunt for Decentralized Finance (DeFi) hackers and exploiters amid the rise of illicit crypto activities. In a report<\/a> by Financial Times on May 15, the director of the Justice Department\u2019s National Cryptocurrency Enforcement Team (NCET), Eun Young Choi, stipulated that \u2018\u2019the department is focusing on thefts and hacks involving DeFi, and particularly chain bridges.<\/strong>\u2019\u2019<\/p>\n

Further, Choi noted that it is a significant issue for the DOJ, given that North Korean state-sponsored hackers have emerged as critical actors in the ecosystem. Choi, a prosecutor with almost a decade of experience in the agency, was revealed<\/a> in February by the DoJ as the first director of the NCET.<\/p>\n

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Justice Department Announces First Director of National Cryptocurrency Enforcement Teamhttps:\/\/t.co\/PvJ6iRDQ8P<\/a><\/p>\n

— U.S. Department of Justice (@TheJusticeDept) February 17, 2022<\/a><\/p><\/blockquote>\n