How They Scammed Millions 🕵️‍♂️

[cryptobro]

The Latvian hackers used:

SIM “farm-for-hire” networks

Impersonation of loved ones & law enforcement

Fraudulent business deals

Blackmail involving CSAM

While victims in Latvia & Austria lost $5.7M+, Russian speakers likely lost much more. Crypto was just one tool in their money-laundering arsenal.

[kelson10]

Most victims fall due to unrealistic profit promises — awareness campaigns are crucial now.

[alex10]

This case reminds investors why due diligence and security verification are non-negotiable.