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crime16h ago
San Diego FBI case leads to shutdown of website allegedly used in massive cryptocurrency scam
- Federal authorities seized tickmilleas.com, shutting down a site used for cryptocurrency investment fraud.
- More than 400 San Diegans were victims in 2024, with estimated losses around $90 million according to the FBI.
- The fraud used ‘pig butchering’ tactics, showing fake deposits and lucrative returns to lure victims.
- Authorities coordinated with Google Play and Apple to remove fraudulent apps linked to the scheme.
- Meta removed about 2,000 accounts connected to the Tai Chang operation.
- The Scam Center Strike Force, based in Washington, D.C., led the investigation.
- The Tai Chang compound in Kyaukhat, Myanmar, is tied to the scheme and designated by Treasury.
- Investigators warn the total losses may be higher since many victims do not report crimes.
- The investigation underscores cross-border crime linked to Southeast Asia-based crypto scams.
- Law enforcement warned a San Diegan in the target group before any money was lost.
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