Brooklyn prosecutors and the FBI disrupted an Eastern European cryptocurrency scam network accused of stealing tens of millions of dollars from Americans, mainly Russian speakers. The operation, carried out last week and announced Wednesday, shut down 241 websites and seized 112 servers hosted in Eastern Europe and the United States, and no arrests were made. Prosecutors said seizing the servers disabled the network's ability to create new websites and contact victims, and that the scammers had also tried to exploit victims again with false promises to recover their money. The article cites FBI figures showing Americans reported $11.4 billion in crypto fraud losses in 2025, up 22% from the previous year.
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- How Brooklyn prosecutors and the FBI took down a massive crypto fraud network targeting Russian speakers
Brooklyn prosecutors and the FBI seized or disrupted 241 scam websites and 112 servers tied to a crypto investment fraud that targeted Russian speakers in the US. The scheme allegedly stole tens of millions of dollars through Russian-language Facebook ads and fake advisers, who pushed victims to buy crypto and send it to fake trading platforms. A few weeks later, the scammers returned with false offers to recover the lost money. Investigators targeted the servers because 400 earlier-seized domains had been quickly replaced; no arrests were announced, and about $300,000 has been seized so far. Crypto scams accounted for roughly 84% of the $8.65 billion in investment-fraud losses reported to the FBI in 2025.
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