New Zealand man arrested in $265M crypto scam tied to FBI probe

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Source: New Zealond PoliceRelated: Germany seizes $38M in crypto from Bybit hack-linked eXch exchangeScammer used stolen funds to purchase luxury vehiclesProsecutors allege the stolen funds were used to purchase $9 million worth of luxury vehicles and spent lavishly on high-end goods, including designer handbags, watches, and clothing, as well as services such as nightclub access, private security, and rentals in Los Angeles, Miami, and the Hamptons.

Related: Bybit hacker launders 100% of stolen $1.4B crypto in 10 daysCrypto thefts surge to $360M in AprilDigital asset thefts skyrocketed in April 2025, with nearly $360 million stolen across 18 separate hacking incidents, according to data from blockchain security firm PeckShield.

A man from Wellington, the capital city of New Zealand, has been arrested in connection with an FBI-led investigation into a global cryptocurrency fraud operation that allegedly stole $450 million New Zealand dollars ($265 million).

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Article Details

Author / Journalist: Cointelegraph by Amin Haqshanas

Category: Crypto

Markets: United StatesGermanyNew Zealand

Topics: Zealand Crypto Authorities Million Racketeering Fraud Stolen Blockchain Wellington Arrested Indicted

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 08:03:52 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28759939

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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