The FBI, Google, and Black Lotus Labs dismantled Outsider Enterprise, a Chinese phishing-as-a-service operation active since 2023. The AI-powered service used over a million fraudulent URLs and 9,000 fake websites to steal 3.8 million credit card records, causing $1.9 billion in losses. Authorities seized servers, a Shopify storefront, and $100,000 USDT.
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Summary by ByteBrief
International sting shuts down $390M crypto money-laundering ring