Cryptocurrency

Crypto cops ‘swamped’ as crime hits all-time high of $20bn

There is too much work and not enough pay for police to keep up with private firms, detectives warn

'It’s a hard task though when private industry can offer greater salary packages that [the public sector] cannot compete with'
'It’s a hard task though when private industry can offer greater salary packages that [the public sector] cannot compete with' Photo: Getty Images

Current and former police detectives have told Financial News that crypto cops face an uphill struggle due to a lack of funding and resources as digital assets crime spiralled to a record high last year.

Mark Jervis, a former cybercrime investigator with the Metropolitan Police, said there was “too much work” for law enforcement agencies, while most do not pay officers enough to stop them moving to more lucrative private firms.

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