Crypto scammers stole millions from victims, then returned pretending to help recover their money

Crypto scammers stole millions from victims, then returned pretending to help recover their money

Summary

Brooklyn prosecutors and the FBI disrupted infrastructure linked to a cryptocurrency investment scam that allegedly stole tens of millions of dollars, primarily from Russian-speaking Americans. The operation disabled 112 servers and 241 websites after investigators found the same network later offered victims paid recovery services, seeking to exploit them again. The scheme used social media ads and fake advisers to persuade victims to send crypto to fraudulent platforms, then blocked withdrawals or demanded extra fees. Authorities say only about $300,000 has been seized so far; no arrests were announced, and most stolen funds remain unaccounted for.