Like any means of value transfer and storage, solutions based on blockchain technology are vulnerable to fraud. According to the Association of Certified Fraud Examiners (ACFE) fraud is:
An intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain.
However, our studies show that the allegations raised by regulators and compliance professionals, that anonymity and decentralized architecture of digital currencies makes them perfect means for fraud, are far from being accurate.
To find the reason behind this and also understand the big picture of a problem please read the rest of the article: https://blog.coinfirm.io/post/blockchain-and-fraud-risk-whats-it-look-like-we-take-you-through-two-cases
