FBI Dismantles International Crypto Scamming Network in Brooklyn

The FBI and the Brooklyn District Attorney's Office conducted a major operation against an international cryptocurrency scamming network that stole tens of millions of dollars from Russian-speaking Americans. The criminals used targeted Facebook ads to lure victims onto fake investment platforms.

The scam mechanism involved blocking accounts immediately after cryptocurrency transfers. Scammers would return to victims weeks later with offers to recover their funds for an additional fee.

Operation Results

• 241 fraudulent websites shut down
• 112 servers seized
• Approximately $300,000 recovered
• No arrests made yet