How Brooklyn prosecutors and the FBI took down a massive crypto fraud network targeting Russian speakers
The scheme allegedly stole tens of millions through Russian-language Facebook ads and fake advisers, then went after victims again with fake recovery offers.
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Summary
- Brooklyn prosecutors and the FBI seized or disrupted 241 scam websites and 112 servers tied to a crypto fraud that targeted Russian speakers in the US.
- The scheme allegedly stole tens of millions through Russian-language Facebook ads and fake advisers, then went after victims again with fake recovery offers.
- Officials have seized about $300,000 so far. Crypto scams made up roughly 84% of the investment-fraud losses reported to the FBI in 2025.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
