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The cryptocurrency seizure amount by the Fraud Prevention Center of Washington, D.C. has reached $580 million
By: rootdata|2026/02/27 22:43:48
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According to Decrypt, U.S. Attorney for the District of Columbia Jeanine Pirro announced that the Fraud Center Strike Force has frozen and seized over $580 million in cryptocurrency from Southeast Asian crime networks.
The task force was established in November 2025 and operates in coordination with agencies such as the U.S. Department of Justice, FBI, Secret Service, and Department of the Treasury, primarily targeting transnational crime networks operating "pig butchering" scams in Myanmar, Cambodia, and Laos. Pirro stated that her office will seek to forfeit the related funds through legal processes and return them to victims to the greatest extent possible.
Deddy Lavid, CEO of blockchain analytics platform Cyvers, told Decrypt that while the $580 million in seizures is operationally significant, it represents only a small fraction of the total activity in the global crypto fraud landscape. The company has identified approximately 27,000 active criminal groups involved in about $27.5 billion in fraud exposure.
Pirro linked the Southeast Asian scam networks to organized crime in China, while Lavid pointed out that these networks are becoming increasingly decentralized, involving operators from multiple countries and cross-border money laundering hubs.
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