FBI & New Zealand Authorities Dismantle $265 Million Cryptocurrency Fraud

An international investigation has led to the arrest of 13 individuals suspected of orchestrating a sophisticated cryptocurrency fraud, netting an estimated $265 million in losses. The FBI’s coordinated efforts with New Zealand authorities culminated in successful raids across Auckland, Wellington, and California. These suspects allegedly spent their ill-gotten gains on luxury vehicles, designer apparel, and high-end accommodations.