PANews February 27 News, according to Decrypt, the Office of the U.S. Attorney for the District of Columbia announced that the special task force for scam centers has frozen and seized over $580 million in cryptocurrency from Southeast Asian criminal networks. Prosecutor Jeanine Pirro stated that the task force has made “significant progress” in freezing, seizing, and confiscating crypto assets from scam networks in countries such as Myanmar, Cambodia, and Laos, and said they will return these funds to victims through legal procedures as much as possible.
The Scam Center Special Task Force was established in November 2025, coordinated by multiple government agencies including the U.S. Department of Justice, FBI, Secret Service, and Treasury Department, with the goal of combating transnational criminal networks profiting from “pig-butchering” scams. These scams use social engineering to induce victims to buy cryptocurrencies, then transfer funds through fake investment domains and apps.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Social media platform X submits remedial measures to the European Commission regarding blue verification mark issues
Elon Musk's social media platform X submitted a remediation plan under pressure from the European Commission, following a €120 million fine for violations including "blue badge certification" issues. The EU pointed out problems including X's paid verification, insufficient advertising transparency, and non-compliant data access.
GateNews10h ago
SEC and CFTC Sign MOU to Align Crypto Oversight Rules
SEC and CFTC signed an MOU to coordinate crypto oversight and align regulatory frameworks across digital asset markets.
Agreement supports data sharing, joint enforcement coordination, and clearer guidance for crypto firms.
Initiative links to the Harmonization plan and CLARITY Act
CryptoFrontNews15h ago
Illegal Amazon Gold Deals in Venezuela Settled With USDT
Venezuela is emerging as a key hub for illegal gold trade from the Amazon, with transactions increasingly conducted in USDT due to its speed and ease. This shift complicates tracking efforts and is linked to criminal activities, environmental damage, and international sanctions.
Coinfomania16h ago
SocksEscort Malicious Proxy Collapses, 3.5 Million USD in Cryptocurrency Frozen
"Operation Lightning" successfully dismantled the malicious proxy service "SocksEscort," freezing $3.5 million in cryptocurrency and seizing 34 domains and 23 servers across seven countries. The service exploited infected routers to facilitate various criminal activities, including account theft and extortion attacks, significantly enabling cybercrime.
MarketWhisper18h ago
