When a California man was scammed out of hundreds of thousands of dollars of cryptocurrency this year by a fake romance, Erin West was able to track and freeze the money.
West, a deputy district attorney who heads the high technology crimes unit in Santa Clara County, said she believes the scammer lives in a country where there isn’t an easy path to extradition, and thus is unlikely to be arrested anytime soon. The money, however, is a different story.
“Our bread and butter these days really is tracing cryptocurrency, and trying to seize it and trying to get there faster than the bad guys are moving it somewhere where we can’t grab it,” West said.
West is one of a growing number of state and local prosecutors and law enforcement officials who have embraced a handful of digital tools that can monitor blockchains, the digital ledgers that track every transaction for most cryptocurrencies.
West said her team tracked the victim’s money as it bounced from one digital wallet to another...
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