NY Freezes $300K Crypto Tied to Social Media Scam

NY Freezes $300K Crypto Tied to Social Media Scam

New York authorities have frozen $300,000 in cryptocurrency linked to a sophisticated investment fraud scheme that leveraged social media platforms to defraud more than 300 individuals, primarily from the Russian-speaking community. The scheme, which generated over $1 million in illicit gains, was disrupted through a joint investigation by the Brooklyn District Attorney’s Office, the New York State Attorney General’s Office, and the New York Sta...

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