Authorities Shut Down Cybercrime Proxy Network Used for Crypto Fraud

[madtrader]

Law enforcement agencies across the US and Europe have disrupted a major cybercrime infrastructure known as .

According to the , the network compromised more than 369,000 routers and internet-connected devices across 163 countries, allowing cybercriminals to hide their real identities while carrying out attacks.

The proxy service was allegedly used in crimes such as bank fraud and cryptocurrency account takeovers, including a case where a victim in reportedly lost around $1 million in crypto.

Authorities seized 34 domains, disrupted servers in multiple countries, and froze about $3.5 million in cryptocurrency connected to the operation.

[bonk]

honestly this shows the importance of international cooperation in cybercrime criminals can move fast but governments can coordinate even faster if they try