crime

Massive Cyberfraud Ring Busted, $50 Million Stolen in Global Scam

Summary

Law enforcement agencies across five countries announced the dismantling of a cybercrime syndicate responsible for stealing over $50 million through online fraud. The operation, re

Law enforcement agencies across five countries announced the dismantling of a cybercrime syndicate responsible for stealing over $50 million through online fraud. The operation, revealed on February 19, 2026, targeted banking apps and e-commerce platforms using sophisticated phishing and malware attacks. Authorities arrested 12 suspects, including key hackers and money launderers, in coordinated raids spanning Asia and Europe. According to Europol, the group exploited vulnerabilities in mobile payment systems to siphon funds from thousands of victims worldwide. Officials warned that cybercrime continues to evolve rapidly, urging users to enhance digital security practices.
4d agoVerified by Nikita Singh
Massive Cyberfraud Ring Busted, $50 Million Stolen in Global Scam

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