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
Cambodian lawmakers propose severe prison time for crypto scammers
Cambodia's parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency.
In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58
Cointelegraph3h ago
The U.S. arrests the relatives of Iran’s Islamic Revolutionary Guard Corps’ Quds Force commander Soleimani and terminates their permanent resident status
Gate News message. On April 4, the U.S. Department of State said that on the 3rd, federal law enforcement personnel arrested the niece and grandson of Qasem Soleimani, a commander of the Islamic Revolutionary Guard Corps’ Quds Force. The U.S. Secretary of State, Rubio, has revoked the two individuals’ lawful permanent resident status.
GateNews9h ago
Nevada judge extends ban on Kalshi, rejects event contract defense
A Nevada judge has reportedly extended a ban preventing Kalshi from offering event-based contracts in the state, ruling that the products constitute unlicensed gambling under state law.
Judge Jason Woodbury said at a hearing in Carson City on Friday that he will grant a preliminary injunction
Cointelegraph11h ago
ZachXBT: Circle’s compliance enforcement has been inadequate; multiple security incidents involve amounts exceeding $420 million
On-chain investigator ZachXBT published a report stating that since 2022, Circle has repeatedly failed to properly carry out compliance in multiple incidents involving illegal funds, with amounts totaling more than $420 million. The report notes that in several security incidents, Circle did not freeze suspicious accounts in a timely manner, leading to severe losses. Despite having relevant mechanisms, Circle responded slowly when facing attacks and investigations into money laundering, which affected industry security.
GateNews11h ago
Polymarket takes down market on missing US pilot after backlash
Polymarket removed a market tied to the fate of a missing US service member after mounting backlash, saying the listing violated its “integrity standards.”
The controversy erupted after a prediction market appeared asking whether US authorities would confirm the rescue of a pilot reportedly shot
Cointelegraph14h ago