US, UK join forces to target crypto scam centers and investment fraud

The United States and United Kingdom have formed a joint law enforcement alliance to investigate and dismantle scam centers behind cryptocurrency investment fraud and other cyber-enabled schemes. Summary The US and UK have signed a joint agreement to investigate and disrupt crypto scam centers and organized crime networks. Authorities will share intelligence, pursue overlapping cases and determine which country should prosecute specific suspects. Reported US losses from cyber enabled investment fraud climbed 89% from $4.57 billion in 2023 to $8.65 billion in 2025. The agencies plan their first in person disruption operation with private sector partners in London in early October. The U.S. Department of Justice announced on Sept. 3 that the U.S. Attorney’s Office for the District of Columbia, the Crown Prosecution Service of England and Wales and the UK National Crime Agency had signed a memorandum of understanding focused on cross-border enforcement against the operations. The DOJ called the pact the first international cooperation agreement of its kind specifically designed to disable scam centers carrying out cryptocurrency and cyber-enabled investment fraud. U.S. authorities est...