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ACFE CFE-Investigation Exam - Topic 2 Question 70 Discussion

Which of the following is the MOST ACCURATE statement regarding a fraud examiner's ability to trace cryptocurrency transactions?
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
D) Most cryptocurrencies rely on private block chains, which allow users' transactions to be completely anonymous and therefore difficult to trace.

ACFE CFE-Investigation Exam - Topic 2 Question 70 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 70
Topic #: 2
[All CFE-Investigation Questions]

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

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Suggested Answer: C

by Lavonna at Jul 03, 2023, 11:20 PM

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Felicitas
6 months ago
Really? I find it hard to believe that all transactions are completely anonymous.
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Teri
7 months ago
C seems off, bank statements can show crypto transactions sometimes.
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Christiane
7 months ago
B is spot on, many wallets don’t ask for personal info.
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Yolande
7 months ago
Not sure about D, I thought some blockchains were public?
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Cletus
7 months ago
A is definitely true, those addresses can link back to users.
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Annette
8 months ago
I’m a bit confused about option D; I thought most cryptocurrencies were public, not private, so tracing them should be possible.
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Alida
8 months ago
I practiced a similar question, and I feel like option C is definitely correct since bank statements don’t show crypto ownership directly.
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Joaquin
8 months ago
I'm not entirely sure, but I think option B might be true because many exchanges don’t require personal info, right?
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Nina
8 months ago
I remember studying how blockchain works, and I think option A makes sense since addresses can show patterns of activity.
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Sherman
8 months ago
Hmm, I'm not sure about this one. I'll have to think it through carefully before choosing an answer.
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Olive
8 months ago
Okay, let's see. The key things I need to focus on are whether the daughter's refusal specifically directs the inheritance to her brother, and whether she has received any part of the inheritance or income from it prior to the disclaimer. I think I can work through this step-by-step.
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Curtis
8 months ago
This seems straightforward. The question states the default MTU settings are being used, so the interface on ISN-1 should be configured with an MTU of 9000 to match. I'm confident Option C is the correct answer.
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Dudley
8 months ago
Whoa, this is a tricky one. There are a lot of moving parts with the owner, group, and permissions. I'll need to really focus and work through this step-by-step to make sure I get the right answer.
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Malika
1 year ago
Option C is just plain wrong. Analyzing bank statements can actually provide valuable clues about a subject's cryptocurrency ownership and activities.
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Dorathy
11 months ago
D) Most cryptocurrencies rely on private block chains, which allow users' transactions to be completely anonymous and therefore difficult to trace.
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Shayne
11 months ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
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Vallie
11 months ago
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
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Lashandra
12 months ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
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Johnathon
1 year ago
I'm going with option A. Tracing crypto transactions is not as easy as it may seem, but a skilled fraud examiner can definitely find patterns and links to potential criminal activity.
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Maryrose
12 months ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
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Alberta
12 months ago
A) That's true, the cryptographic address can be a key piece in tracing suspicious transactions.
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Lonna
12 months ago
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
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Geraldo
1 year ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
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Dominga
1 year ago
Haha, option B is clearly the funniest one. As if digital wallet providers would not have to record any personal info about their users. What a joke!
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Cyril
12 months ago
Haha, option B is clearly the funniest one. As if digital wallet providers would not have to record any personal info about their users. What a joke!
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Edelmira
12 months ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
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Janine
1 year ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
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Bulah
1 year ago
I disagree with option D. Most cryptocurrencies use public blockchains, not private ones, which makes transactions much more traceable than people think.
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Alline
1 year ago
Option A is the most accurate statement. A forensic accountant can definitely trace cryptocurrency transactions by analyzing the cryptographic addresses associated with each transaction.
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Delsie
11 months ago
D) Most cryptocurrencies rely on private block chains, which allow users' transactions to be completely anonymous and therefore difficult to trace.
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Mica
11 months ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
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Mila
12 months ago
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
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Mauricio
12 months ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
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Glenn
12 months ago
D) Most cryptocurrencies rely on private block chains, which allow users' transactions to be completely anonymous and therefore difficult to trace.
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Lang
12 months ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
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Steffanie
1 year ago
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
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Albert
1 year ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
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Laurel
1 year ago
But A makes sense because each Blockchain transaction contains a user's cryptographic address.
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Eliz
1 year ago
I disagree, I believe the answer is D.
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Laurel
1 year ago
I think the answer is A.
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Amalia
1 year ago
But A makes sense because each Blockchain transaction contains a user's cryptographic address.
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Peggy
1 year ago
I disagree, I believe the answer is D.
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Amalia
1 year ago
I think the answer is A.
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