Hacking News
US Authorities Freeze $1B+ in Crypto Linked to Madagascar Scam
US authorities have restrained more than $1 billion in crypto linked to overseas scam networks, including a fake-dating operation that allegedly hit about 800 American victims. The scam involved victims connecting their wallets to fraudulent investment websites, with the stolen money ending up in accounts tied to China-based actors. Seven hundred. The case highlights the global reach of such scams and the efforts of law enforcement to combat them.