FBI seizes 112 servers in crypto scam ring takedown — SkimNews
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- Brooklyn District Attorney's Office and the FBI dismantled an Eastern European cryptocurrency scam network accused of stealing tens of millions of dollars from primarily Russian-speaking Americans, carrying out the operation last week and announcing it on Wednesday.
- Investigators seized 112 servers hosted by companies in Eastern Europe and the United States and shut down 241 websites linked to the investment scams; no arrests were made.
- Brooklyn DA Eric Gonzalez said the criminals stole millions through an elaborate investment scheme, then exploited victims again with false promises to recover their money.
- Assistant DA Alona Katz, who led the investigation, said seizing the servers was key because it disrupted the scammers' ability to create new websites and contact victims — 'We disabled the back end of the operation,' per Bloomberg.
- FBI figures cited by Bloomberg show Americans reported $11.4 billion in crypto fraud losses in 2025, a 22% increase from the previous year.
Why it matters: By targeting 112 servers rather than just domains, authorities cut off scammers' ability to reach victims and rebrand — the infrastructure chokepoint that makes a $11.4 billion fraud landscape (up 22% YoY) worth hitting. The catch: with no arrests, the operators remain free to rebuild the same playbook abroad.
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