Keeping up with the Krypto
Earlier this month, Kim Kardashian settled an investigation by the US Securities and Exchange Commission (SEC) into unlawful cryptocurrency advertising.
The billionaire reality TV star had posted on Instagram, promoting a cryptoasset, but had failed to disclose that she had been paid $250,000 for the post. The mistake cost her a $1.26 million fine by the SEC.
The fine may be a rare example of successful law enforcement in the crypto space, but is it the case that targeting celebrities is truly the best way to deal with the increasing flood of crypto fraud and other cyber-enabled criminality?
In this article for teiss, Peter FitzGerald and Amalia Neenan argue that the UK government and law enforcement must increase funding, education and collaboration to battle the surge in cyber criminality.
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