Fbi

The $560,000 in confiscated cryptocurrency is the smaller half of the operation. The FBI also came away with information on thousands of people who tried to give.

A coordinated international operation led by Dubai Police has dismantled nine cryptocurrency investment scam centres and arrested at least 276 people, with three defendants now facing federal wire fraud and money laundering charges in the Southern District of California.

The FBI's annual internet crime report reveals a 22% surge in cryptocurrency-related losses, with investment scams draining $7.2 billion alone and victims over 60 accounting for $4.4 billion of the total.

Victims of the $4 billion OneCoin fraud can now file for compensation from a pool of seized assets, but the scheme's mastermind — the so-called Cryptoqueen — has been missing since 2017.

America's largest bitcoin ATM operator revealed that attackers stole 50.9 BTC from its corporate settlement wallets in late March after compromising internal credentials, prompting an FBI investigation and a material event filing with the SEC.