U.S. Scam Center Strike Force seizes $580m in crypto in just three months
U.S. authorities, through the Scam Center Strike Force, have seized over $580 million in cryptocurrency in under three months. This multi-agency initiative targets large-scale crypto fraud and "pig-butchering" scams linked to Chinese criminal groups in Southeast Asia. The operation reflects an aggressive shift toward intercepting illicit funds before they are laundered. Officials estimate such scams cost Americans nearly $10 billion annually. The U.S. government's crypto holdings, largely in Bitcoin, now exceed $21.5 billion. A key goal is returning seized funds to victims, signaling that improved blockchain transparency and inter-agency coordination are making crypto less viable for fraud.
ambcrypto02/27 18:07
