As crypto use has become more widespread, the global crypto fraud economy has exploded in size

By the time Alona Katz hurried home from her office in downtown Brooklyn late on Oct 6, the trap was already set. After months of planning, the chief of Brooklyn’s crypto fraud unit was about to orchestrate one of the most sweeping international crackdowns a local prosecutor’s office had ever attempted. The operation, which took place across three time zones, was the culmination of a chase Katz had begun almost as soon as she was appointed chief of Brooklyn District Attorney’s Virtual Currency Unit three years ago.At 2am, dozens of servers that Katz’s team had targeted started going down. She would get no sleep that night.As crypto…