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Exam CFE - Investigation topic 1 question 117 discussion

Actual exam question from ACFE's CFE - Investigation
Question #: 117
Topic #: 1
[All CFE - Investigation Questions]

Which of the following is the MOST ACCURATE statement regarding a fraud examiner's ability to trace cryptocurrency transactions?

  • A. Most cryptocurrencies rely on private blockchains, which make it difficult to obtain visibility into any transaction that takes place.
  • B. Each blockchain transaction contains direct identifying information that can be used to track down cryptocurrency users.
  • C. Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users.
  • D. Information about cryptocurrency ownership can sometimes be revealed through an analysis of a subject's bank statements.
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Suggested Answer: A 🗳️
by vynyfulu at April 5, 2025, 12:53 p.m.

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_denw
1 week ago
Selected Answer: D
While blockchain transactions themselves are often pseudonymous, bank statements can reveal fiat-to-crypto transactions, such as deposits to or withdrawals from cryptocurrency exchanges, helping fraud examiners link real identities to digital wallets.
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