Cryptocurrency in Criminal Cases

Posted May 26th, 2022 by .

Categories: Personal Injury.

cryptocurrency in

Investopedia defines cryptocurrency as a “digital or virtual currency that is secured by cryptography.” Cryptocurrency is now a trillion-dollar asset class. The top cryptocurrencies by market value include Bitcoin, Ethereum, Tether, and Solana. For a number of different reasons, cryptocurrency could become an issue in a criminal case. Here, our New Jersey criminal defense attorney provides an overview of some of the most common cryptocurrency-related charges. 

Understanding the Most Common Cryptocurrency Charges

Cryptocurrency is still a relatively new technology. Despite the name and the views of its proponents, the federal government technically does not view crypto as “currency.” Instead, the government treats cryptocurrency as property. In some cases, crypto-related assets are regulated as commodities and/or securities. In recent years, federal and state authorities have ramped up enforcement against cryptocurrency-related crimes. Some of the most common charges include: 

  • Cryptocurrency Theft: It is a crime to steal someone’s property. A digital asset such as cryptocurrency is no exception. A defendant could face state-level theft charges for stealing a cryptocurrency. These are often complex cases, as cryptocurrency theft may be highly technical. Contact a New Jersey cryptocurrency crimes defense attorney for immediate help.
  • Cryptocurrency Hacking: Internet hacking of cryptocurrency remains a serious problem. It could be charged as a computer hacking offense and/or a theft or fraud offense. Call our New Jersey criminal defense lawyer for help with a computer hacking charge. 
  • Cryptocurrency Fraud: Individuals that raise money from cryptocurrency investors on fraudulent grounds could face a number of different white-collar financial fraud charges. Depending on the circumstances, a cryptocurrency fraud scheme could be charged as criminal mail fraud or criminal wire fraud. 
  • Money Laundering: Due to its fungible nature and potential for anonymity protections, cryptocurrency could be used to commit money laundering. A defendant that launders funds through cryptocurrency could be charged with state or federal criminal money laundering.  

A Proactive Defense Strategy is a Must in a Cryptocurrency Fraud Case

Were you charged with a cryptocurrency-related crime? If so, it is crucial that you take immediate action to protect your rights. A proactive defense strategy is a must in all types of white-collar crimes and financial fraud cases, including those involving cryptocurrencies. An experienced New Jersey criminal defense lawyer can conduct a comprehensive review and evaluation of your case and help you determine the best course of action to protect your freedom and your future. The proper defense strategy always depends on the specific nature of the charges, including the evidence (or lack thereof) obtained by police and prosecutors. 

Get Help From a Criminal Defense Attorney in North Jersey

At The Law Offices of Anthony Carbone, our New Jersey criminal defense lawyer has the skills and financial knowledge to defend complex charges. If you or your loved one was arrested on a cryptocurrency-related offense, we can help. Give us a call now or contact us online to arrange a strictly confidential consultation with a defense attorney. From our Jersey City law office, we provide aggressive criminal defense representation throughout all of North Jersey.

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