gtag('config', 'G-0PFHD683JR');
Bitcoin

The New York authorities freeze $ 300,000 linked to encryption locations

New York officials have reported an investigation that led to a recovery of $ 140,000 and a freezing of $ 300,000 of stolen money as part of an investment fraud in the cryptocurrency using fake ads on social media.

On Wednesday’s notice, the authorities with the Prosecutor’s Office in Brooklyn County, the Office of New York State Lawyer and the Ministry of Financial Services in New York State He said They have disrupted a plan to defraud Russian members in the state and the country.

According to officials, the fraudsters used the cryptocurrency to pay the advertisements of the fake digital assets investment on Facebook and other platforms, causing $ 140,000 and freezing $ 300,000 in encryption.

“These fraudsters targeted the Russian speakers on Facebook with attractive advertisements and my office with DFS and the Prosecutor’s Prosecutor’s Office in Brooklyn, who took measures to stop these fraudsters and protect the population of New York,” said the New York Prosecutor Litia James. “I urge all New York residents to be vigilant for investment ads in cryptocurrency online.”

https://www.youtube.com/watch?

Although the investigation led to a recovery or freezing of more than $ 440,000 of stolen boxes, the authorities stated that the plan caused the losses of more than a million dollars from the Brooklyn region alone, with more than 300 victims.

Budgets used a fake site to invest in Crypto claiming to have obtained Bitlicense, the license required by encryption companies that provide services in New York State.

Related to: The second largest city in Washington, Spokan, banning ATMs for encryption

Many harmful ads were on social media, referred to as “Black Hat” ads, in Russian and primarily on Facebook. According to what was reported, Meta, the parent company on Facebook, closed more than 700 ads after learning the investigation.

Curd users are still vulnerable to fraud

A series of analysis stated that there were approximately $ 51 billion in the volume of illegal transactions that include digital assets in 2024. Despite the low payments related to ransom attacks by 35 %, there are concerns about the increasing use of artificial intelligence to facilitate fraud.