Cryptocurrencies and digital finance ecosystems have brought significant transformation to financial markets. However, due to their decentralized nature, regulatory gaps, and lack of transparency, they pose risks in terms of accounting fraud and financial manipulation. This study examines the key factors that enable crypto accounting fraud from the perspective of financial reporting and forensic accounting.

Accounting fraud related to crypto assets often manifests in the form of manipulated financial statements, off-chain transactions, illicit fund transfers, and false reserve declarations. Particularly, decentralized finance (DeFi) platforms and crypto exchanges can structure their financial statements misleadingly while evading traditional audit mechanisms.

The research highlights that regulatory gaps, uncertainties in accounting standards, and the anonymity provided by blockchain technology facilitate accounting fraud. The study also discusses how forensic accounting techniques and blockchain analysis tools can be used to detect such fraud.

In conclusion, preventing crypto accounting fraud requires the establishment of more comprehensive regulatory frameworks, enhancing financial transparency, and making forensic accounting tools more effective. In this context, the importance of international cooperation in ensuring the auditability of crypto assets is emphasized.