US and UK Unite Against Crypto Scam Centers in Landmark Alliance
The US and UK have formed a joint law enforcement alliance to target scam centers involved in crypto and cyber-enabled investment fraud. The US Department of Justice announced that the agencies had signed a memorandum of understanding, describing it as the 'first-of-its-kind' international cooperation agreement.
Under the agreement, the agencies will conduct parallel investigations into common targets, share information on organized crime syndicates, and discuss which jurisdictions should prosecute specific cases. They have already identified overlapping cases and plan an in-person disruption operation with private-sector partners in London in early October.
The cross-border pact comes as reported US losses from crypto investment fraud continue to climb. Losses reported to the FBI's Internet Crime Complaint Center rose 89% to $8.65 billion in 2025 from $4.57 billion in 2023, according to the DOJ.