Since April 2018, users of French-speaking people in France, Belgium, and Luxembourg have been the target of a fraud network known as CryptosLabs. Cybersecurity experts have revealed the operation of this scam network, which is thought to have made unlawful gains of €480 million.
Group-IB said in a deep-dive investigation that the syndicate’s enormous phoney investment schemes largely comprise posing as 40 reputable banks, fin-techs, asset management companies, and crypto platforms while establishing a scam infrastructure spanning over 350 domains hosted on more than 80 servers.
According to the Singapore-based business, the criminal organization read more CryptosLabs Scam Ring Targets French-Speaking Investors Rakes in €480 Million.
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