Ninjastic
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DOGE records increased utilisation in criminal activities, research shows
by
MARK21
on 22/06/2022, 19:05:29 UTC
Quote
“After rising significantly in value and popularity, the meme cryptocurrency Dogecoin (DOGE) now finds greater use in illicit activities”


The currency is apparently being used by criminals to facilitate vices such as fraud, scams, Ponzi schemes, terrorism, and the sale of millions of dollars worth of child sexual abuse materials, according to research published by Elliptical Connection on June 22.

According to research, it is said that:
Quote
High-profile crimes facilitated by Dogecoin involve scams, fraud, and Ponzi schemes numbering around 50 cases.
Some of the notable crimes include the Plus Token Ponzi scheme that resulted in the seizure of over $20 million in DOGE by Chinese authorities and the alleged theft of $119 million in Dogecoin linked to a Turkish Ponzi scheme in 2021.

Breakdown of DOGE usage in crime. Source: Elliptic Connect

Source: https://finbold.com/doge-records-increased-utilisation-in-criminal-activities-research-shows/