Brooklyn prosecutors dismantle a crypto scam infrastructure targeting Russian-speaking communities.
The prosecutors’ virtual currency unit worked with the FBI across three time zones to seize 112 servers and 241 domains linked to the case. The group used Russian-language Facebook ads to attract victims and persuade them to open accounts and deposit funds. The amount involved is estimated at tens of millions of dollars.
After a three-year investigation, prosecutors seized about $300,000 in illicit proceeds. They warn that scammers may pose as “fund recovery services” to defraud victims a second time, so stay alert.
(Source: Decrypt)
#CryptoRegulation
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; proceed with caution.
The prosecutors’ virtual currency unit worked with the FBI across three time zones to seize 112 servers and 241 domains linked to the case. The group used Russian-language Facebook ads to attract victims and persuade them to open accounts and deposit funds. The amount involved is estimated at tens of millions of dollars.
After a three-year investigation, prosecutors seized about $300,000 in illicit proceeds. They warn that scammers may pose as “fund recovery services” to defraud victims a second time, so stay alert.
(Source: Decrypt)
#CryptoRegulation
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; proceed with caution.