New York authorities freeze 300,000 USD linked to crypto scammers

New York authorities announced the freezing of 300,000 USD linked to a scheme targeting the Russian-speaking community through deceptive digital asset investment ads.

The investigation revealed over 300 victims suffering losses above 1 million USD, with 140,000 USD recovered and additional funds frozen as a precaution.

In response, Meta removed more than 700 fraudulent advertisements associated with this scheme, highlighting the persistent issue of scams in the crypto space.

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