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
UK Tax and Customs Authority Plans to Procure Blockchain Forensics Tools, with Total Contract Value of Approximately $4.6 Million
The UK Tax and Customs Authority plans to procure blockchain forensics software to strengthen its efforts against digital asset money laundering and tax fraud, with a total value of approximately 3.42 million pounds and a three-year contract term. This move reflects global emphasis on digital asset compliance, highlighting the importance of cross-chain tracking and data analysis.
GateNews1h ago
US CFTC Chair: Will Issue Clear Guidance on Prediction Markets to Prevent Manipulation and Insider Trading
US CFTC Chair Mike Selig released prediction market guidance aimed at helping trading platforms understand regulatory expectations to ensure transparent rules for new contracts and prevent manipulation and abuse. Additionally, a proposed rule prenotice will be released to establish clear rules of conduct for new markets.
GateNews2h ago
Investors Sue JPMorgan Chase Over $328M Crypto Fraud
Investors have sued JPMorgan Chase for allegedly enabling a $328 million Ponzi scheme by Goliath Ventures, claiming the bank ignored red flags and contributed to their losses through its financial services. They seek class-action certification for other affected investors.
TodayqNews3h ago
Victims in the Qian Zhimin Case File Objection with UK High Court Over 61,000 BTC Compensation Plan
In the Qian Zhimin case, Chinese victims have objected to a compensation plan proposed in the UK High Court, arguing that the plan could allow UK authorities to profit from the appreciation of seized Bitcoin. The case involves fraud from 2014 to 2017 that affected over 128,000 Chinese investors, with legal representatives claiming the compensation arrangement may be unfair.
GateNews3h ago
Prosecutors Oppose Sam Bankman-Fried’s Request for New Trial
Former FTX CEO Sam Bankman-Fried seeks a new trial, claiming new evidence from ex-officials could change his fraud conviction. Prosecutors argue this evidence was known before and wouldn't alter the case outcome, reaffirming FTX's financial mismanagement.
TheNewsCrypto4h ago
JPMorgan Sued by Investors for Allegedly Participating in $328 Million Crypto Ponzi Scheme
Investors filed a class action lawsuit in California on March 11, alleging that JPMorgan failed to prevent suspicious transactions related to a $328 million crypto Ponzi scheme operated by Goliath Ventures. The complaint claims that the bank provided exclusive banking services to Goliath from January 2023 through 2025, resulting in the misuse of substantial investor funds. The Goliath CEO has been arrested and faces serious criminal charges.
GateNews4h ago
