US and UK Unite Against Cryptocurrency Scam Centers

The United States and United Kingdom have formed a joint law enforcement alliance to target scam centers behind cryptocurrency investment fraud.

A memorandum of understanding was signed between the US Department of Justice, the Crown Prosecution Service of England and Wales, and the UK National Crime Agency. This is the first international cooperation agreement specifically designed to disable scam centers carrying out cryptocurrency and cyber-enabled investment fraud.

The agencies will share intelligence, pursue overlapping cases, and determine which country should prosecute specific suspects. The US estimates that such schemes are costing Americans approximately $10 billion a year.

The new agreement follows a sharp rise in reported losses from cyber-enabled investment fraud in the United States. Reported losses climbed 89% from $4.57 billion in 2023 to $8.65 billion in 2025, with cyber-enabled fraud accounting for almost 85% of all losses.