The action caps a three year investigation that traced the group's infrastructure to Ukraine and other parts of Eastern Europe. Authorities seized $300,000 and are working to recover more funds for targets who reportedly lost their entire life savings. Investigators also discovered a separate recovery scam where the group contacted previous victims with false offers to retrieve their stolen assets.
Tuesday, October 20, 2026
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Brooklyn DA Seizes 241 Crypto Domains in Scam Stealing Tens of Millions
Crypto6 days ago
The FBI and the Brooklyn District Attorney's office dismantled a cryptocurrency fraud operation that targeted Russian-speaking Americans using Facebook advertisements. The disruption of 112 cloud servers and 241 domains crippled a multinational scheme that stole tens of millions of dollars from victims, including Brooklyn residents, by using fake investment advisers and forged trading platforms. No suspects or arrests have been announced in connection with the operation.
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