US and UK Form First-of-Its-Kind Alliance Against Global Crypto Scam and Investment Fraud Centers Costing Americans $10,000,000,000 Each Year

The United States and United Kingdom are forming a first-of-its-kind alliance aimed at dismantling global scam centers tied to crypto fraud.

The Department of Justice says US and UK authorities are joining forces to crack down on international scam centers accused of defrauding Americans through cryptocurrency and cyber-enabled investment schemes.

The US Attorney’s Office for the District of Columbia, the Crown Prosecution Service of England and Wales, and the UK’s National Crime Agency announced a new Memorandum of Understanding (MOU) between the Scam Center Strike Force and its British counterparts

Officials described the agreement as the first international cooperation framework specifically focused on disrupting scam centers involved in cryptocurrency fraud, cyber-enabled investment fraud and other schemes that collectively cost Americans an estimated $10 billion each year. Under the agreement, US and UK authorities will conduct parallel investigations into shared targets, exchange intelligence on organized crime groups and coordinate on where individual cases should be prosecuted. The agencies will also prioritize investigations involving the threat to maximize the impact of their joint efforts.