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Officials reported that scammers had used crypto to pay for fake digital asset investment ads on social media<\/a> platforms, leading to more than $1 million in losses for victims.<\/p>\n New York officials reported an investigation resulting in the recovery of \u200b\u200b$140,000 and freezing $300,000 in stolen funds as part of a cryptocurrency investment scam using fake ads on social media.<\/p>\n In a Wednesday notice, authorities with the Brooklyn District Attorney\u2019s office, the New York State Attorney\u2019s office and the New York State Department of Financial Services said<\/a> they had disrupted a scheme to defraud members of the Russian community in the state and nationwide. <\/p>\n According to officials, the scammers used cryptocurrency to pay for fake digital asset investment ads on Facebook and other platforms, leading to the seizure of $140,000 and freezing $300,000 worth of crypto.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n