The US and UK have formed a new joint alliance to disrupt global scam centers that use cryptocurrency and cyber-enabled investment fraud. The memorandum of understanding brings together 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, enabling parallel investigations, information exchange and coordinated prosecution. The agencies will target transnational organized crime networks operating scam compounds, including those associated with Chinese organized crime and human trafficking. According to the FBI’s IC3, reported losses from crypto investment fraud reached $8.65 billion in 2025, an 89% increase from 2023.
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