The Ministry of Finance considers decentralized funding to be a threat to national security

Veröffentlicht:

Aktualisiert:

Von:

Laut einem neuen Bericht des US-Finanzministeriums stellen schlechte Cybersicherheitspraktiken innerhalb der dezentralisierten Finanzindustrie (DeFi) eine Bedrohung für Krypto, Verbraucher und die nationale Sicherheit dar. Das einzigartige Dokument argumentiert, dass der Peer-to-Peer-Charakter von DeFi neue Risiken für illegale Finanzen birgt, die einer zusätzlichen rechtlichen Überwachung bedürfen. Die Risiken von DeFi Erschienen am Donnerstag, dem 2023 DeFi Illegale Finanzrisikobewertung detailliert, wie Cyberkriminelle, Betrüger und andere illegale Akteure das DeFi-Ökosystem missbrauchen, um Geld durch Systeme zu waschen, die keine angemessenen Sanktionen und Geldwäschekontrollen implementieren. „Es gab mehrere Fälle von Akteuren, darunter Ransomware-Akteure, Diebe, Betrüger und Drogenhändler, die DeFi-Dienste nutzten, um ihre illegalen Erlöse …
According to a new report by the US Ministry of Finance, poor cyber security practices within the decentralized financial industry (Defi) are a threat to crypto, consumer and national security. The unique document argues that the peer-to-peer character of Defi harbors new risks for illegal finance that require additional legal surveillance. Defi's risks appeared in detail on Thursday, the 2023 Defi illegal financial risk assessment, such as cybercriminals, fraudsters and other illegal actors abuse the Defi-Ekosystem to wash money through systems that do not implement adequate sanctions and money laundering rollers. "There were several cases of actors, including ransomware players, thieves, fraudsters and drug dealers who used defi services to use their illegal revenues ... (Symbolbild/KNAT)

According to a new report by the US Ministry of finance, poor cyber security practices within the decentralized financial industry (Defi) are a threat to crypto, consumer and national security.

The unique document argues that the peer-to-peer character of Defi harbors new risks for illegal finance that require additional legal surveillance.

The risks of defi

Published on Thursday, the 2023 Defi Illegal financial risk assessment how cybercriminal, fraudster and other illegal actors misuse to wash money through systems that do not implement adequate sanctions and money laundering rollers.

"There were several cases of actors, including ransomware players, thieves, fraudsters and drug dealers who used defi services to transfer and wash their illegal revenues," the report said.

The department found a variety of techniques to achieve this, including the exchange of funds in less understandable cryptos change between blockchains cryptocurrency mixer . Washed funds are then paid out with the help of Virtual Asset Service Providers in Fiat currency.

Last August the Ministry of Finance added the cryptocurrency mixer tornado-cash due to its popularity in Korean cyber crime in the list of sanks recorded.

ransomware is another top-class problem that was determined by the department and is considered the "priority of national security". Since transactions in crypton networks such as Bitcoin are both pseudonymous and irreversible, they represent an ideal payment rail through which criminal payments from victims can blackmail.

The department referred to one year 2022 Learn from blockchain analysis company Elliptic, which found 13 ransomware tribes over one Have washed cross-chain bridge, which amounts to a total of $ 50 million in the first half of 2022.

finally the Ministry of Finance admitted the spread of "fraud and fraud", which the crypto industry plagues, according to the FBI, whereby at least $ 1.6 billion was stolen by crypto-related scams in 2021. Such fraud ranges from classic "RUG Pull" theft to more personal "pork battle" scams, according to which funds are washed and veiled with many of the above methods.

defi weakness: centralization

In contrast to his name, the Ministry of Finance found that a large part of the defi room is full of central sources of error.

"In practice, many defi services continue to have governance structures (e.g. administrative functions, correction of problems with the code or up to a certain degree change in the functionality of the smart contracts)," the report says.

Alternatively, defi protocols that are managed by decentralized autonomous organizations (DAOS) and their governance token owners can be centralized in the hands of Early dao-investor Style = "Font-Weight: 400">. "Developers and early investors in a defi service can keep control of the service by assigning considerable shares in governance token to themselves or in other words they are de facto control," said the Ministry of Finance.

Despite the risks emanating from defi, the report recognizes that cash is still the king when it comes to financial crime. "Money laundering, proliferation financing and terrorist financing are most common using Fiat currency or other traditional assets in contrast to virtual assets," it says.

.