June 26, 2022

Dogecoin, Elon Musk’s favorite cryptocurrency, is now being utilized in a greater number of illegal acts, according to a new analysis. The token’s value and popularity have risen dramatically in recent months.

The research’s author, Blockchain analytics firm Elliptic, claimed to have discovered proof that the famous meme coin was being utilized by criminals as payment for millions of dollars worth of illicit activity.

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