The Federal Bureau of Investigation worked with the Israeli police to arrest 26 people accused of crimes related to the use of digital currencies. Although the operation took place in Tel Aviv, it involved victims who all reside abroad.

Detention of criminals

According to a local report, the FBI and the Tel Aviv District Anti-Fraud Unit of the Israeli Police conducted an investigation into criminals who stole tens of millions of shekels from victims. In a recent joint operation, the two units arrested 26 people suspected of participating in money laundering offenses related to digital forex trading.

Local officials said they received a report from the United States that a group of Israelis were deceiving dozens of people in a fraudulent cryptocurrency investment scheme. Instead of delivering the promised services, the criminals stole millions of dollars from the victims.

After the investigation, authorities arrested the attackers in an overnight operation and seized digital storage devices and computers as evidence of the investigation.

According to the announcement, all those arrested are residents of central Israel. Officials did not disclose their names or the company they work for. However, they informed that the trial will begin with two of the suspects, men in their thirties, appearing in the Tel Aviv magistrate’s court this week. The victims of the fraud, on the other hand, are the Americans.


The report adds that in addition to arrests in Israel, local law enforcement has recently carried out similar operations in other countries around the world.

More arrests of cryptocurrency scammers

One of the hottest topics in the digital assets space earlier this year was the infamous trading venue: Thodex. In April, nearly 400,000 users of the Turkish cryptocurrency exchange were banned from their accounts without being able to withdraw their funds. The platform’s website has been inactive for several days, as reports suggested that its CEO had fled the country with up to $ 2 billion.

As a result of the investigation, Turkish police arrested 62 people involved in the scam and even jailed 6. Among them were the brother and sister of the company’s CEO, Faruk Fatih Özer. The chief of Thodex, however, is still a fugitive.

Like CryptoPotato reported in June, such an arrest also occurred in China. At the time, Chinese authorities arrested 1,100 suspects who allegedly used digital assets for money laundering activities to avoid law enforcement. The subsequent investigation also led to the dismantling of 170 criminal gangs.


Binance Futures 50 USDT FREE Voucher: Use this link to register and get a 10% discount on commissions and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register and enter the POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You may also like:

  • China
    China is a major player in cryptocurrency-related crimes: chain analysis report
  • sec_cover
    The SEC charges the DeFi lender and its executives for raising $ 30 million through unrecorded sales
  • ScamAlert
    Australians reported losses of $ 25 million from crypto scams in the first half of 2021


Please enter your comment!
Please enter your name here