<ul><li>Authorities arrested a man from Wellington, New Zealand for his suspected involvement in a $265 million cryptocurrency fraud case.</li><li>FBI-led investigation targeted 13 suspects across New Zealand and the United States, with funds being used for luxury purchases like cars, handbags, and rentals.</li><li>The suspects manipulated seven victims to acquire cryptocurrency between March and August 2024, involving deceitful practices to hide the money trail.</li><li>The FBI-led global investigation uncovered a complex network using international links and cryptocurrencies, highlighting the importance of addressing cybercrime in the crypto space.</li></ul>

New Zealand Man Busted in $265M Crypto Scam

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