German authorities nix 1,400 websites used for cybertrading fraud


A hooded man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration

BERLIN (Reuters) -German investigators and banking watchdog BaFin have shut down over 1,400 illegal domains in Eastern Europe that were involved in cybertrading fraud, officials said in a joint statement on Monday.

Dubbed Operation Heracles, the probe was conducted by Baden Wuerttemberg state criminal police and BaFin, Europol and Bulgarian authorities in an effort to crack down on those facilitating the use of fraudulent trading accounts.

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