CCI - Certified Cryptocurrency Investigator Illicit Cryptocurrency Schemes Questions and Answers

Question 1

An investigator is analyzing a new cryptocurrency project that promised revolutionary returns.
The developers, who remained anonymous, aggressively promoted the token on social media, causing a massive price surge.
They then suddenly drained the project's liquidity pool and disappeared, leaving investors with worthless tokens.
Which illicit scheme does this scenario describe?

Accepted Answer

A rug pull

Answer

A Ponzi scheme

Answer

A pump-and-dump scheme

Answer

A 51% attack

Question 2

Which of the following is the primary purpose of a cryptocurrency mixer or tumbler in the context of illicit activities?

Accepted Answer

To obscure the transaction trail and launder illicit funds

Answer

To provide users with better exchange rates

Answer

To stake cryptocurrency for passive income

Answer

To facilitate faster cross-border payments

Question 3

A criminal organization receives a large sum of Bitcoin from illicit operations. To launder the funds, they use a cross-chain bridge to convert the Bitcoin to Monero, then swap the Monero for Tether on a different blockchain's DeFi protocol, and finally cash out through a centralized exchange. What is this money laundering technique called?

Accepted Answer

Chain hopping

Answer

Stacking

Answer

Forking

Answer

Shilling

Question 4

Which characteristic most accurately distinguishes a cryptocurrency pyramid scheme from a Ponzi scheme?

Accepted Answer

A pyramid scheme's structure requires participants to recruit new members to generate returns.

Answer

A Ponzi scheme guarantees high returns, while a pyramid scheme does not.

Answer

A pyramid scheme's returns are generated from a legitimate underlying business.

Answer

A Ponzi scheme requires participants to recruit new members to earn returns.

Question 5

An investigator is examining a case where a criminal group is using a specific type of cryptocurrency that utilizes ring signatures, stealth addresses, and RingCT to make transactions virtually untraceable by default. Which of the following cryptocurrencies is most likely being used?

Accepted Answer

Monero (XMR)

Answer

Bitcoin (BTC)

Answer

Ethereum (ETH)

Answer

Tether (USDT)

Question 6

A group of traders coordinates on a social media platform to buy a low-volume altcoin simultaneously. They create a massive amount of hype with misleading information to attract outside investors, driving the price up significantly. The original group then sells all their holdings at the peak, causing the price to crash and leaving new investors with major losses. This scheme is best described as:

Accepted Answer

A pump-and-dump

Answer

A Sybil attack

Answer

A rug pull

Answer

Phishing