New York Authorities Bust Crypto Scam, $140K Recovered
New York authorities have busted a crypto scam that tricked Russian-speaking people, recovering $140,000 and blocking $300,000 of stolen money. The scam, uncovered by Brooklyn prosecutors, the state’s attorney general, and financial regulators, cheated over 300 people, costing them more than $1 million in Brooklyn alone.
As per the reports, the scammers have used stolen crypto to fund the fake Russian ads on Facebook. They have promised big profits from crypto investments to the victims. These ads have led people to a fake website that lied about having a New York crypto license. The scammers used apps like Telegram to show victims fake earnings, convincing them to send more money.
After receiving the money, the scammers locked the…
