Feds move to shut down Chinese cyberscam factory
The federal government has seized a Chinese-run online scammers' marketplace, blocked more than $50 million in laundered cryptocurrency, slapped sanctions on the operators and sent a strike force to Madagascar to help close 13 scam compounds.
TL;DR
- Federal government seized a Chinese-run online scammers' marketplace.
- Over $50 million in laundered cryptocurrency was blocked.
- Sanctions were placed on the operators of the marketplace.
- A strike force was sent to Madagascar to help close 13 scam compounds.