U.S., UK form joint task force against crypto investment fraud rings

The U.S. and the UK have set up a joint investigative framework targeting cryptocurrency and cyber-enabled investment fraud rings, Cointelegraph reported. The U.S. Attorney’s Office for the District of Columbia, the UK’s Crown Prosecution Service and National Crime Agency signed a memorandum of understanding to pursue parallel investigations into shared targets and exchange intelligence on criminal organizations. The two countries also plan to carry out an operation in London in early October with private-sector companies to disrupt fraud networks. Reported losses from crypto investment scams in the U.S. rose 89% to $8.65 billion in 2025 from $4.57 billion in 2023.