Brooklyn Authorities Dismantle Large-Scale Crypto Fraud Network
Brooklyn prosecutors have dismantled a major crypto scam targeting Russian speakers, seizing 112 servers and 241 domains after a three-year investigation.

Brooklyn prosecutors have dismantled a major crypto scam targeting Russian speakers, seizing 112 servers and 241 domains after a three-year investigation.

US authorities have dismantled a major cryptocurrency scam network, seizing 112 servers and shutting down 241 websites linked to investment fraud targeting Russian-speaking Americans.

Modified Ledger hardware wallets equipped with unauthorized eSIM and LTE modules have resulted in the theft of over $93 million in user assets.

Ledger is investigating fund losses linked to Southeast Asian reseller CryptoBilis, with total estimated damages ranging from $72 million to over $87 million.

French authorities recorded 90 violent crimes linked to cryptocurrency in the first seven months of 2026, marking the country as a global hotspot for physical attacks on digital asset holders.

Blockchain investigator ZachXBT revealed that a Chinese crime network laundered over $1 billion in stolen crypto for the North Korean Lazarus Group.

OFAC has sanctioned 7 crypto addresses and 10 entities linked to the Tren de Aragua gang and FBI fugitive Anibal Alexander Canelon Aguirre for ATM jackpotting schemes.

Entry-level IT hiring has tightened significantly, with data showing a sharp decline in junior vacancies and a correlation between limited legal career paths and youth involvement in cybercrime.

Microsoft and international law enforcement have disrupted the EvilTokens phishing service, which used AI to compromise over 12,000 corporate email accounts.

A Brooklyn man was sentenced to 12 years in prison for a phishing scheme that stole nearly $16 million from approximately 100 Coinbase users.

Recent violent home invasions in France highlight how data breaches at third-party providers expose crypto holders to physical threats beyond digital wallet compromises.

A 22-year-old ringleader has pleaded guilty to orchestrating a massive international cryptocurrency theft totaling $245 million.
