Cryptocurrency Scams Lead to Over $182 Million Loss

Police are warning of an increase in scam cases involving cryptocurrency transfers, with over $182 million lost in 2025. Separate reports indicate Russian authorities are criminalizing illegal crypto turnover and introducing regulation for crypto operations. Michiganders lost over $182 million in cryptocurrency fraud during 2025. The GDELT feed mentions this loss in the context of selling cryptocurrency across different platforms and market conditions. In Russia, the illegal circulation of cryptocurrency is set to become a criminal offense, with a bill introduced in the State Duma to regulate crypto operations. Lawyers are also raising concerns that cryptocurrency is increasingly being hidden during property division. Russian authorities have exposed cryptocurrency scammers who defrauded EU citizens of $1.2 million.