US authorities dismantle crypto scam network that stole tens of millions
Summary
Brooklyn prosecutors and the FBI disrupted an Eastern European crypto investment scam network accused of stealing tens of millions of dollars from primarily Russian-speaking Americans, then targeting victims with fake recovery offers. The operation shut down 241 websites and seized 112 servers in the US and Eastern Europe. No arrests were made. Officials said the server seizures disabled the network’s infrastructure and its ability to reach victims. The action comes as reported US crypto-fraud losses rose 22% year over year to $11.4 billion in 2025, according to FBI figures.
