The Brooklyn District Attorney's Office, in conjunction with the FBI, seized 241 cryptocurrency scam domain names

According to CryptoBriefing, the Virtual Currency Unit (VCU) led by Brooklyn Assistant District Attorney Alona Katz collaborated with the FBI's New York office to conduct a joint operation that seized or shut down 241 fraudulent domain names and 112 servers. This operation marks the conclusion of a three-year investigation into an internationally connected cryptocurrency investment fraud network.

The network primarily targeted Russian-speaking communities, directing victims to fake cryptocurrency investment platforms through Russian advertisements on Facebook, and then carried out secondary fraud under the guise of "recovering funds." Investigators estimate the related losses to be in the tens of millions of dollars, with some victims losing their entire savings. The prosecution has currently recovered about $300,000 for the victims, and there have been no reports of arrests from this operation. The FBI's Internet Crime Complaint Center's 2025 Internet Crime Report indicates that cryptocurrency-related fraud losses reached $11.366 billion that year, a 22% increase from the previous year. Losses from cryptocurrency fraud accounted for more than half of all internet crime losses in 2025.