United States Department to Rewards Cybercrime Informants in Cryptocurrency
Login

United States Department to Rewards Cybercrime Informants in Cryptocurrency

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


The United States Department (DOS) has formulated a new initiative to curb the proliferation of cybercrime in the country. The initiative, which is termed the Rewards for Justice (RFJ), will offer up to $109 million in cryptocurrencies to anyone with credible information on the identification of state-backed hackers.

The DOS was in attendance at the recently concluded Black Hat Briefings conference, which hosted hackers and cybersecurity experts from across the globe. The State Department promoted the RFJ program through a QR code printed on flyers and t-shirts so attendants could scan the code and get all information about the reward.

An official from the State Department told CNN that:

“Something on the Dark Web that allows total anonymity and an initial level of security is probably more appropriate for those folks.

So just finding people where they are and reaching them with the technology on which they are most comfortable, I think, is the name of the game for Rewards for Justice.”

United States Government Focused on Creating Strict Regulation for Crypto Industry

The DOS quietly announced a month ago, following the Biden administration’s decision to strengthen cybersecurity in the US. The administration has accused Russian and Chinese authorities of contracting hackers to attack several US federal agencies and departments.

One of the major additions to the RJF, which has been in existence for four decades, is the option of cryptocurrency rewards for informants. The agency noted that:

“We provide wire transfers we actually can still deliver – and do deliver – suitcases full of cash we can provide in-kind rewards. And now a recipient will be able to choose whichever cryptocurrency they like.”

Meanwhile, the Biden administration remains focused on imposing stricter regulations around cryptocurrencies by supporting the Warner amendment. However, many analysts argue that this amendment causes more damage than not to the inefficient Infrastructure Bill.

That said, despite having support from Senators like Cynthia Lumis and Pat Toomey, the Warner amendment failed to reach a conclusive agreement in Congress due to the stubborn opposition to the proposal by Senator Richard Shelby.

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News