New York Disrupts Cross-Border Crypto Scam as Meta Shuts 700 Accounts
From financemagnates.com
New York Attorney General Letitia James has frozen $300,000 worth of cryptocurrency linked to an international fraud scheme that targeted hundreds of Russian-speaking residents across Brooklyn and beyond. Authorities say the operation used deceptive social media ads to lure victims into fake crypto investment platforms, resulting in more than $1 million in losses in Brooklyn alone. The investigation, conducted by the Attorney General’s Office, the Brooklyn District Attorney, and the New York Department of Financial Services (DFS), found that scammers based in Vietnam used Russian-language Facebook ads to promote what ...
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