CRYPTO FRAUD

This study examined the role of forensic accounting and emerging technologies in combating cryptocurrency-related fraud within Nigeria’s evolving digital economy. The research aimed to assess the effectiveness of forensic accounting techniques, evaluate the influence of emerging technologies, and determine how regulatory frameworks and practitioners’ technical competence affect the mitigation of crypto fraud. A descriptive survey design was adopted, involving 105 respondents comprising forensic accountants, auditors, ICT professionals, academics, and regulators. Data were collected using structured questionnaires and analyzed using descriptive statistics and regression analysis. findings revealed that forensic accounting techniques such as blockchain tracing, data mining, and transaction monitoring are significantly effective in detecting and preventing crypto-related crimes. Emerging technologies including artificial intelligence, machine learning, and blockchain analytics also enhance the accuracy and speed of forensic investigations. Furthermore, strong regulatory frameworks positively influence
forensic accounting effectiveness, whereas weak regulations increase the prevalence of crypto fraud. The combined effect of forensic accounting and emerging technologies explained the variation in crypto-fraud reduction. The study concludes that forensic accounting, when supported by modern technology and robust regulation, serves as an indispensable tool for curbing crypto-related financial crimes in Nigeria. It recommends enhanced training for forensic accountants, adoption of AI-driven tools, regulatory reforms, inter-agency collaboration, and increased public awareness.