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Cryptocurrency is hard to trace, but CCID chief says commercial tech helping cops catch up to crooks

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Cryptocurrency is hard to trace, but CCID chief says commercial tech helping cops catch up to crooks

KUALA LUMPUR, Jan 30 — Rather than cold hard cash, Malaysian criminals prefer to use cryptocurrency in their illicit activities like fraud, drug deals, robberies, selling hacked data, and ransom payments for kidnappings and murders in the Philippines.

This is because criminals perceive transactions involving cryptocurrencies as difficult to trace, Bukit Aman Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf told Utusan Malaysia in a news report published today.

But Ramli said the police, specifically the Cryptocurrency Unit within the Bukit Aman Commercial Crime Investigation Department, is now able to identify diverse transactions with digital currencies using commercial technology.

“For instance, in the kidnapping and murder cases of Malaysians in the Philippines, PDRM successfully traced ransom payments through a crypto wallet and identified the mastermind,” he was quoted as saying, using the Malay abbreviation for the Royal Malaysia Police.

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Sharing the information with their Philippine counterpart, the authorities managed to apprehend the suspects in those cases.

“We have also identified the cryptocurrency transactions involving locals selling personal data obtained through government-owned websites,” Ramli told the Malay newspaper.

He also said that Bukit Aman’s cryptocurrency analysis unit discovered that nearly 90 per cent of cryptocurrency-related crimes are linked to investment fraud.

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He said many victims fall prey to cryptocurrency investment schemes offering unrealistic returns of 100 per cent within a short time frame, leading to losses amounting to millions of ringgit.

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Citing a recent case, he said an 80-year-old woman lost RM10 million in such a scam after participating in an investment scheme promoted through the WhatsApp group “accerx.com”.

According to Ramli, a total of 5,507 cases involving cryptocurrency investment fraud were recorded between 2019 and last year, with losses amounting to approximately RM417.3 million.

He noted that a significant number of these online fraud cases occurred through social media platforms like Facebook and WhatsApp.

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Top Beginner-Friendly Cryptocurrency Exchanges to Use in 2025

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Top Beginner-Friendly Cryptocurrency Exchanges to Use in 2025

The crypto space isn’t short on trading platforms—but most feel like clones, offering the same tired features with little innovation. That’s why a few standout exchanges are turning heads with faster onboarding, smarter interfaces, and actual value for traders who want more than just a place to swap tokens.

Whether it’s uncovering meme coin gems before they pump, accessing AI token markets with low fees, or earning passive rewards without jumping through hoops, these platforms are doing things differently—and they’re worth a closer look.

KCEX

KCEX stands out as a beginner-friendly and low-fee crypto exchange that is quickly gaining traction in the trading community. Known for its ease of use and wide range of trading pairs—including Bitcoin, Ethereum, meme coins, and AI-related tokens—KCEX provides a streamlined experience for both new and experienced traders.

One of its biggest strengths is its extremely low spot and futures trading fees, which can lead to significant savings over time. The platform also supports advanced trading strategies with leverage options that go up to 125x, allowing users to explore more aggressive positions if desired.

KCEX is a globally accessible, no-KYC exchange, making it quick and easy to join, and ideal for those who value privacy and efficiency.

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MEXC

MEXC is recognized as a highly user-friendly cryptocurrency exchange, making it an excellent choice for both beginners and experienced traders. It offers an intuitive interface with easy access to a wide range of features, including a vast number of trading pairs—possibly one of the highest among major exchanges.

This variety allows users to explore a broad selection of cryptocurrencies for trading. MEXC also frequently provides sign-up bonuses and exclusive rewards, such as USDT vouchers, which users can earn by completing simple actions like registering or making a deposit.

The platform supports straightforward fiat on-ramping through methods like bank transfer, Mastercard, and Visa, further enhancing its accessibility. Despite some regional restrictions, MEXC stands out for its high liquidity, robust security, and long-standing presence in the crypto space.

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Best Wallet

Best Wallet has quickly emerged as one of the most intriguing projects in the decentralized finance (DeFi) landscape, offering a sleek, functional, and user-friendly experience that caters to both novice and experienced crypto users.

Designed primarily for mobile, the wallet delivers the look and feel of a polished iOS product, combined with powerful features under the hood. What sets Best Wallet apart is its versatility—it’s a multi-wallet, multi-chain, non-custodial crypto wallet that supports over 60 blockchains.

This level of cross-chain functionality gives users the flexibility to manage a diverse portfolio with ease. Unlike traditional wallets that feel like static storage solutions, Best Wallet behaves more like a full-fledged exchange, enabling seamless swaps, deposits, and portfolio management directly within the app.

Beyond the basics, Best Wallet stands out with its commitment to user insights and early market opportunities. The wallet integrates crypto insights and updates that could help users stay ahead of emerging trends and potentially uncover early-stage alphas.

This intelligence-driven approach makes it more than just a place to store assets—it becomes a tool for smarter investing. The project also boasts a well-structured roadmap that is actively being implemented.

Its growing user base, already in the hundreds of thousands, signals strong traction and rising confidence within the crypto community. Importantly, the team appears highly engaged, especially on social platforms like X (formerly Twitter), where updates and announcements are frequent, further cementing its credibility.

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Best Wallet is not just another crypto wallet; it’s a full ecosystem designed for convenience, security, and opportunity. Users interested in combining DeFi tools with intuitive design and anonymous features may find it a powerful addition to their crypto toolkit—provided it’s supported in their region.

Bitunix

Bitunix is emerging as a strong contender in the global crypto derivatives exchange space. Known for its solid team and innovative offerings, the platform provides a competitive trading environment with good liquidity and relatively low fees—though not the lowest in the industry.

One of Bitunix’s standout features is its support for flexible and fixed-term APR options, particularly appealing for users interested in locking in stablecoins like Tether.

Another major benefit is its copy trading function, which allows users to replicate the strategies of experienced traders with proven track records, making it accessible even for beginners. The exchange also excels in fiat on-ramping, supporting popular payment methods such as Visa, Apple Pay, and Google Pay.

The user interface has a distinctly tech-forward aesthetic, although it may appear somewhat cluttered compared to other platforms like MEXC or KCEX. Still, Bitunix offers a robust and user-friendly experience that suits both novice and experienced traders.

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Crypto’s Shocking Transformation: How Bitcoin Volatility Plummeted From 400% To 80%

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Crypto’s Shocking Transformation: How Bitcoin Volatility Plummeted From 400% To 80%

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Bitcoin’s journey from digital experiment to mainstream investment has been marked by one defining characteristic: extreme price volatility. However, data from NYU Stern’s Volatility Lab reveals a remarkable transformation in how dramatically Bitcoin’s price swings, offering important lessons for today’s investors.

Between 2010 and 2017, Bitcoin experienced volatility that would make even the most seasoned traders nervous. During this period, annualized volatility frequently exceeded 200% and occasionally spiked above 400%. To put this in perspective, traditional stocks typically see volatility between 15-30% annually.

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This extreme volatility reflected Bitcoin’s status as an unproven digital asset with minimal institutional backing. Small trading volumes meant that even modest buy or sell orders could trigger massive price swings. News events, regulatory announcements, or technical developments could send prices soaring or crashing within hours.

The 2017 cryptocurrency bubble perfectly exemplified this era. Bitcoin’s price rocketed from under $1,000 to nearly $20,000 before crashing back down, creating the kind of volatility that attracted speculators while terrifying traditional investors.

Following the 2017-2018 market correction, something interesting began happening. Bitcoin’s volatility started declining meaningfully. Between 2018 and 2020, volatility generally ranged between 50% and 150% – still extreme by traditional standards, but a significant improvement from the earlier chaos.

This period coincided with several important developments: major companies began accepting Bitcoin payments, institutional investors started taking notice, and cryptocurrency exchanges became more sophisticated and regulated. These factors contributed to deeper liquidity and more stable price discovery.

Current data shows Bitcoin’s volatility has continued moderating, now typically ranging between 30%-80%. While this remains substantially higher than stocks or bonds, it represents a dramatic evolution from Bitcoin’s early days.

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Cryptocurrency Stocks To Follow Now

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Cryptocurrency Stocks To Follow Now
Robinhood Markets, Galaxy Digital, Bitdeer Technologies Group, HIVE Digital Technologies, ZenaTech, Cellebrite DI, and Bitcoin Depot are the seven Cryptocurrency stocks to watch today, according to MarketBeat’s stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose
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