Prosecutors in Brooklyn, New York, and the FBI have broken up a cryptocurrency scam network based in Eastern Europe. They took 112 servers and shut down 241 websites tied to the operation. The network is accused of stealing tens of millions of dollars from people in the United States.
Most of the victims were Russian-speaking Americans. The network targeted them with investment scams. Cointelegraph reported the action on Oct 14, 2026, in an article by staff writer Sam Bourgi.
The report does not say who ran the network. It also does not give an exact loss figure, the number of victims, or whether anyone has been charged or arrested. It does not say whether any stolen funds have been recovered.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The report does not name any of these exchanges and says nothing about funding rates, trading fees or liquidity. It is a law-enforcement action against a fraud network, not a change to how any exchange works.
Source: cointelegraph — US authorities dismantle crypto scam network that stole tens of millions