Crackdown on crypto scam: 276 dem arrest, pass nine scam centers don shut

Coordinated crackdown for crypto scam for Dubai, US and China lead to 276 people arrest wey dey linked to fake crypto investment platforms. US Department of Justice talk say dem arrest 275 suspects for Dubai, while one person dem catch for Thailand. Prosecutors talk say the network dey use convincing websites and social engineering to make victims deposit money, dem even assign victims fake broker. For US, six people don be charged for San Diego for federal fraud and money laundering; each charge fit carry up to 20 years prison plus heavy fines. For Europe, Europol and Eurojust support Albanian and Austrian authorities to shut three scam centers for Tirana. The combined operations target at least nine centers and losses dey estimated pass €50 million. Europol describe say dem get structured roles for customer acquisition, IT support and financial management, plus social-media ads and pressure tactics to make people deposit more. For traders, the crypto scam crackdown no go likely move major spot markets directly, but e fit small improve retail sentiment toward regulated activity. E still show say platform/counterparty risk high and fake “investment” tokens fit quick quick drain retail inflows, keep risk premiums high during future scam waves.