Georgia extradites man accused of cryptocurrency fraud to US

Georgian authorities extradited to the United States a man wanted under an Interpol red notice on charges of leading a group involved in cryptocurrency fraud, detained in Batumi, Report informs via Georgian media.

The man was wanted by US law enforcement agencies for transnational crimes, in particular large-scale fraud and money laundering.

According to the investigation, he created a large criminal organization, and at least 20 fraudulent online investment platforms within the organized group. With their help, more than $70 million was stolen from hundreds of victims around the world over 6 years.