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ImportantBrooklyn Prosecutors Jointly With FBI Seize 241 Crypto Scam Domains Linked to International Crypto Investment Fraud Network

U.S. law enforcement authorities have concluded a three-year targeted operation against crypto fraud cases. <p>The Virtual Currency Unit of the Brooklyn District Attorney's Office, in collaboration with the New York Field Office of the Federal Bureau of Investigation, carried out a special operation that has cumulatively seized and shut down 241 fraudulent domain names and 112 servers involved in the case, marking the formal conclusion of a three-year investigation into an internationally backed crypto investment fraud network.</p><p>This fraud network primarily targeted Russian-speaking communities, driving traffic by placing Russian-language advertisements on Facebook to redirect victims to fake crypto investment platforms. Perpetrators also conducted secondary fraud against victims under the guise of "helping recover losses", further exacerbating victims' property losses.</p><p>Investigators estimate that the total losses caused by this fraud network amount to tens of millions of U.S. dollars, with many victims losing their entire life savings. This law enforcement operation has directly severed the core operational infrastructure of the fraud ring, preventing more users from falling into scam traps.</p>

Source: PANewsRead original