US prosecutors crack down on Eastern Europe-centered transnational crypto fraud network, shutting down 241 related websites.

October 14, according to Bloomberg, the U.S. Brooklyn District Attorney's Office has dismantled a transnational cryptocurrency fraud network centered in Eastern Europe, marking a milestone in the office's years-long efforts to combat related fraud, which has swindled tens of millions of dollars from American victims.

The Brooklyn prosecutor's office stated that last week's operation shut down 241 websites related to crypto fraud and seized 112 computer servers controlled by the fraud ring, which were hosted by companies in Eastern Europe and the United States.