A New Zealand man was arrested for alleged involvement in a $265 million cryptocurrency scam.
Odaily Planet Daily News: New Zealand police issued an announcement announcing that a Wellington man was arrested in Auckland for alleged involvement in a global cryptocurrency fraud operation led by the FBI. The criminal group stole $265 million (NZ$450 million) worth of cryptocurrency from seven victims and then laundered the money through multiple platforms between March and August 2024.
New Zealand police said that in the past three days, search warrants have been executed in Auckland, Wellington and California, and several people have been arrested, one of whom is in New Zealand. A total of 13 people face charges. The U.S.
Department of Justice has filed an indictment against the Wellington man under U.S. federal law, charging him with racketeering conspiracy (RICO), conspiracy to commit wire fraud, and conspiracy to commit money laundering.
The man appeared in the Auckland District Court today and was temporarily banned from revealing his name. He has now been released on bail. He will appear in the Auckland District Court again on July 3, 2025. (Cointelegraph)