Major Takedown of Cryptocurrency Fraud Network in Brooklyn
- The Brooklyn District Attorney’s Office shut down 241 websites and seized 112 servers linked to an international cryptocurrency fraud network.
- This operation followed a three-year investigation, revealing schemes that cost Americans tens of millions of dollars.
- Victims were primarily targeted through Facebook ads, focusing on Russian-speaking residents in Brooklyn and across the U.S.
- No arrests were made during this operation, described as one of the largest cyber takedowns by the local prosecutor’s office.
- The Virtual Currency Unit has previously seized or taken down over 400 domains linked to cryptocurrency scams.
This significant disruption aims to hinder the scammers’ ability to create new websites and reach potential victims, especially within vulnerable communities. The operation underscores ongoing efforts against cryptocurrency fraud, particularly targeting investment scams that exploit social media platforms.
With the seizure of 112 servers, authorities expect a prolonged disruption in fraudulent activities tied to this network, which previously caused substantial financial losses for U.S. residents.
