![CryptosLabs Scam Ring Targets French-Speaking Investors, Rakes in €480 Million CryptosLabs Scam Ring Targets French-Speaking Investors, Rakes in €480 Million](https://search.ai.wiki/wp-content/uploads/2023/06/cryptoslabs-scam-ring-targets-french-speaking-investors-rakes-in-e480-million.jpg)
CryptosLabs Scam Ring Targets French-Speaking Investors, Rakes in €480 Million
Cybersecurity researchers have exposed the workings of a scam ring called CryptosLabs that's estimated to have made €480 million in illegal profits by targeting users in French-speaking individuals in France, Belgium, and Luxembourg since April 2018.
The syndicate's massive fake investment schemes primarily involve impersonating 40 well-known banks, fin-techs, asset management firms, and crypto