Skip to content

Crypto, NFTs Are Rife With ‘Mountains’ of Fraud, IRS Says

  • Sees space as ripe for market manipulation, money laundering
  • Agency pursuing more collaboration with other federal agencies

Sign up for our new Crypto newsletter and follow @crypto Twitter for the latest news.

IRS criminal investigators see cryptocurrencies and nonfungible tokens as ripe for fraud, including money laundering, market manipulation and tax evasion -- and even celebrities could get caught up in the agency’s probes.