Massive Crypto Fraud Uncovered: 13 Arrested in $265 Million Scam

Authorities have dismantled a major cryptocurrency fraud operation, leading to arrests of 13 individuals in New Zealand. The alleged scam, valued at an astounding $265 million, is connected to a complex scheme that has been investigated by both local and international law enforcement. The investigation spanned several days across Auckland and Wellington, with search warrants being executed. This operation highlights the growing efforts to combat financial crimes in the cryptocurrency space. 13 individuals were apprehended, including a suspect facing serious charges brought by the U.S. Department of Justice (DOJ) under racketeering laws.