ZachXBT ranks Canada as worst jurisdiction for crypto fraud cases

On-chain investigator ZachXBT has released a ranking of jurisdictions he considers the most difficult for handling cryptocurrency fraud cases. Contrary to expectations that failed states or war zones would top the list, ZachXBT identified Canada as the worst jurisdiction for managing such cases.

The bottom five jurisdictions identified by the investigator are Canada, the United Kingdom, India, Nigeria, and a tie between Morocco, Algeria, and Bangladesh. ZachXBT stated that he will likely automatically decline cases originating from these countries and plans to implement technical barriers on an upcoming website to restrict access from these jurisdictions.

Regarding India, ZachXBT cited specific instances of incompetence, including law enforcement requesting assistance to unfreeze stolen funds and the use of official email accounts in attempts to unfreeze assets tied to the North Korea-linked Lazarus Group.