Dogecoin worth millions linked to illicit activity including terrorism
Dogecoin is increasingly connected to illicit activity including Ponzi schemes, the financing of terrorism and child sex abuse material (CSAM), according to a new report by blockchain analytics firm Elliptic.
The “most notable” crime relating to Dogecoin, according to Elliptic, is thefts, scams and Ponzi schemes. Elliptic claims to have identified over 50 cases where criminals cashed out millions of dollars in Dogecoin.