The U.S. Department of Justice has announced a major crackdown on Southeast Asian scam centers targeting Americans. The operation led to the indictment of two Chinese nationals, the shutdown of a Telegram channel, and the closure of 503 fraudulent investment websites. Additionally, over $700 million in cryptocurrency linked to money laundering activities was frozen. Concurrently, the U.S. Treasury Department imposed sanctions on operators of a Cambodian scam center, while the State Department offered a reward of up to $10 million for information on funds related to the Myanmar-based Tai Chang scam center.
U.S. DOJ Targets Southeast Asian Crypto Scam Centers, Freezes $700M
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