The U.S. Attorney's Office in Washington, D.C. announced that a newly established "Fraud Center Task Force" has seized and frozen over $580 million in cryptocurrency assets linked to Southeast Asian "pig-butchering" scam networks. These networks, primarily operating in Myanmar, Cambodia, and Laos, use social engineering tactics to lure victims into purchasing cryptocurrencies, which are then funneled into fraudulent investment websites and apps for theft. Authorities are working to confiscate these assets and aim to return them to the victims where possible.
U.S. Task Force Seizes $580 Million in Crypto from Southeast Asian Scam Networks
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