PANews
PANews|Feb 27, 2026 14:03
The Special Task Force of the District of Columbia Fraud Center has seized and frozen $580 million worth of cryptocurrency assets According to Decrypt, the United States Attorney's Office for the District of Columbia announced that the Fraud Center Task Force has frozen and seized over $580 million worth of cryptocurrency from Southeast Asian criminal networks. Prosecutor Jeanine Pirro stated that the working group has made "significant progress" in freezing, seizing, and confiscating cryptocurrency assets from fraud networks in countries such as Myanmar, Cambodia, and Laos, and stated that they will return these funds to victims as much as possible through legal procedures. The Special Task Force of the Fraud Center was established in November 2025, coordinated and operated by multiple government agencies including the US Department of Justice, Federal Bureau of Investigation, Secret Service, and Treasury Department, with the goal of cracking down on transnational criminal networks that profit from "pig killing" scams. This type of fraud uses social engineering to induce victims to purchase cryptocurrency, and then transfers funds through false investments in domain names and applications.
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