Crypto Fraud

In this video, forensic accountant Robert Bonavito discusses crypto theft and how he has handled it within his own forensic firm. 👉Topics & Points Discussed: 📌 Crypto Corp trading firm example 📌The 'Myth of Security' 📌The 2025 Fraud Surge 📌The 'Insider' Threat 📌The 'One-Click' Vulnerability 📌A summary of our latest case 📌 Educational Context: How Crypto Trading & Custody Works 📌 What is a Crypto Exchange? 📌 Centralized exchanges (like Binance, Kraken, or HTX). 📌 The Two Types of Wallets (The 'Checking' vs. 'Savings' Accounts) 📌Cold Wallets (Cold Storage) 📌Hot Wallets 📌 Bitcoin 📌 Stablecoins (USDT/USDC) 📌 The Theft: How 'Crypto Corp.' Was Drained 📌 The 'Whitelisted' Trojan Horse (The Main mechanism) 📌 Client Diversion (The 'Skim') 📌 The 'Peel Chain' Technique 📌 The Cover-Up: Laundering & Obfuscation 📌 The 'Loopback' (Washing via Liquidity) 📌 Mixers & Tumblers 📌 Layering 📌The Discovery: How Forensics Caught Them 📌 The 'Sitting Duck' Cold Wallet 👉For more information, visit our website: https://www.rabcpafirm.com/services/?... 👉View all of our videos: https://www.rabcpafirm.com/videos/?ut... ➡️ Contact for Questions Robert A. Bonavito, CPA 1812 Front St. Scotch Plains, NJ 07076 908-322-7719