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Crypto detectives are helping to expose online crooks
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Mr Jonathan Levin, one of the founders of Chainalysis, which helps governments track cryptocurrency payments.
PHOTO: NYTIMES
Before a new breed of cryptocurrency detectives helped bring him down, Ryan Felton marketed his crypto scheme with a grandiose promise: He was creating “Netflix on the blockchain”.
He called the crypto-themed streaming service FLiK. For a small amount of the popular digital currency Ether, customers could purchase a FLiK token, which would give them access to shows and movies broadcast on the new platform. Felton described the project as an “entertainment revolution”; crypto enthusiasts bought more than US$2 million (S$2.67 million) worth of FLiK coins.
