coindesk.comarticle

How Brooklyn prosecutors and the FBI took down a massive crypto fraud network targeting Russian speakers

Brooklyn DA Eric Gonzalez and the FBI seized or disrupted 241 scam websites and 112 servers tied to a crypto investment fraud network that targeted Russian speakers in the US. The scheme used Russian-language Facebook ads, fake advisers who coached victims into sending crypto to fake trading platforms, fee and tax lockouts on withdrawal, and later fake fund-recovery offers. Investigators went after the servers holding victim data and fraud software, because replacement domains kept appearing after earlier takedowns of about 400 domains. The infrastructure was in Ukraine and other Eastern European countries, no arrests were announced, and about $300,000 has been seized.