October 14th 2026, 5:56 PM
US Cracks Down on Crypto Scam Network Stealing Tens of Millions
Key Summary
US authorities have dismantled a crypto scam network that targeted Russian-speaking Americans, stealing tens of millions of dollars through an investment scheme. The operation, carried out by Brooklyn prosecutors and the FBI, resulted in the shutdown of 241 websites and the seizure of 112 servers. No arrests were made, but the investigation highlighted the growing threat of cryptocurrency-related scams in the US.
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Operation Overview
US authorities have disrupted an Eastern European cryptocurrency scam network accused of stealing tens of millions of dollars from Americans, primarily Russian-speakers. The operation, carried out by Brooklyn prosecutors and the FBI, resulted in the shutdown of 241 websites and the seizure of 112 servers hosted by companies in Eastern Europe and the United States.Investigation and Arrests
No arrests were made in connection with the operation. However, the Brooklyn District Attorney’s Office credited the office’s Virtual Currency Unit and the FBI with uncovering the network’s infrastructure.The operation comes amid a rise in cryptocurrency-related fraud across the US. Americans reported $11.4 billion in crypto fraud losses in 2025, a 22% increase from the previous year, according to FBI figures cited by Bloomberg.
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#CryptoScams#US#Russia#FBI