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
Americans’ losses to crypto scams rose to over $11 billion last year, FBI reports
In 2025, Americans faced $11.4 billion in losses from cryptocurrency scams, marking a 22% increase from 2024. Organized criminal enterprises, primarily from Southeast Asia, exploit victims to operate these scams. The overall rise in cybercrime shows a growing threat.
CoinDesk2h ago
Strengthen silver-tax interaction! China encourages banks to use blockchain, but people trading coins and doing tokenization are all breaking the law
The Chinese government encourages banks to use blockchain technology to strengthen “bank-tax interactions,” improve the financing environment for small and medium-sized enterprises. At the same time, it fully bans private cryptocurrency trading and mining, treats stablecoins and tokenization as illegal activities, demonstrates clear policy boundaries, and emphasizes official oversight and financial security.
CryptoCity3h ago
Prediction markets win big! Court rules: New Jersey has “no authority to ban” Kalshi from launching sports event contracts
The U.S. Federal Court of Appeals ruled that the state of New Jersey lacks the authority to bar Kalshi, a sports-betting prediction market platform regulated by the CFTC, from launching sports event contracts, finding that federal law takes precedence over state law. Although Kalshi prevailed, experts say this is only a temporary victory, and the Supreme Court will ultimately need to decide the jurisdiction issue.
区块客4h ago
Posting your first crypto post to verify! X rolls out new anti-fraud rules to prevent hackers from stealing accounts—cracking down on scam-coin spam promotion
The social media platform X is rolling out a mandatory verification mechanism for cryptocurrency-related content to address increasingly severe scam problems. The mechanism will lock an account when it is first mentioned in relation to cryptocurrency, requiring users to complete identity verification. According to data, in 2025, crypto scams are expected to reach $17.0 billion, and social media platforms have become an important source of scams. The new measure is intended to reduce the success rate of scams that rely on high-trust accounts used by hackers; however, scam activity is still expanding rapidly, and preventive measures face challenges.
CryptoCity4h ago
Korean financial regulators require crypto exchanges to reconcile assets every 5 minutes, strengthening internal controls
The Financial Services Commission of Korea requires all domestic cryptocurrency exchanges to reconcile accounts every 5 minutes to address internal control vulnerabilities exposed by recent payment incidents. The new regulations include establishing automated reconciliation systems, setting standards for when trading must be paused, and strengthening reviews of high-risk processes, with the goal of improving asset security.
GateNews4h ago
Solana Foundation unveils security overhaul days after $270 million Drift exploit
The Solana Foundation announced a suite of security initiatives on Monday, just five days after decentralized finance (DeFi) platform Drift Protocol suffered a $270 million exploit carried out by a North Korean state-affiliated group following a six-month social engineering campaign.
The
CoinDesk5h ago
