PANews|Nov 13, 2025 00:17
[U.S. Establishes New Task Force to Target Overseas 'Pig Butchering' Crypto Scams]
According to CoinDesk, the United States is intensifying efforts to crack down on overseas scams that trick people into sending cryptocurrency. On Wednesday, the U.S. Treasury Department announced the establishment of a 'Fraud Coordination Task Force,' unveiling new measures to combat Myanmar-based scam groups that deceive Americans with fake investment schemes. The task force, formed with the participation of the Department of Justice and others, aims to tackle 'pig butchering' scams, which are often orchestrated by large organized crime groups in regions like Myanmar. Led by the U.S. Attorney for the District of Columbia, the task force plans to mobilize various departments, including the Department of Justice and the Treasury Department, to dismantle Southeast Asian transnational criminal enterprises that have stolen massive amounts of money from Americans.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink