Justice department appoints director for new cryptocurrency task force

The DOJ announced last week it will be setting up a new division to investigate serious cybercrimes involving cryptocurrencies.

The new division, The National Cryptocurrency Enforcement Team (NCET), was unveiled by Deputy Attorney General Lisa Monaco.

The group is tasked with determining the allocation of investigative resources to cases related to crypto.

The new division will be lead by experienced prosecutor Eun Young Choi, who has decades of experience as Assistant U.S. Attorney for the Southern District of New York, where she investigated and prosecuted complex cyber fraud and money laundering crimes related to the dark web.

Lisa Monaco unveiled the new division during her Munich Cyber Security Conference speech.

Monaco said the new division will focus its efforts on cryptocurrency exchanges, ransomware, and mixers, a type of blockchain software for anonymizing transactions.