PANews February 27 News, according to Decrypt, the Office of the U.S. Attorney for the District of Columbia announced that the special task force for scam centers has frozen and seized over $580 million in cryptocurrency from Southeast Asian criminal networks. Prosecutor Jeanine Pirro stated that the task force has made “significant progress” in freezing, seizing, and confiscating crypto assets from scam networks in countries such as Myanmar, Cambodia, and Laos, and said they will return these funds to victims through legal procedures as much as possible.
The Scam Center Special Task Force was established in November 2025, coordinated by multiple government agencies including the U.S. Department of Justice, FBI, Secret Service, and Treasury Department, with the goal of combating transnational criminal networks profiting from “pig-butchering” scams. These scams use social engineering to induce victims to buy cryptocurrencies, then transfer funds through fake investment domains and apps.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Thailand cryptocurrency platform freezes over 10,000 accounts suspected of money laundering
The Thai cryptocurrency platform has frozen over 10,000 accounts suspected of money laundering to strengthen efforts against money laundering activities. This move is the result of joint efforts by the Securities and Exchange Commission of Thailand and related agencies, aiming to curb money laundering and investment scams related to digital assets.
GateNews6m ago
South Korean prosecutors sell stolen and recovered Bitcoin 320.8 coins, cash out $21.5 million, and remit to the national treasury
Gate News: On March 10, the Gwangju District Prosecutor's Office in South Korea sold 320.8 Bitcoins, with the proceeds of 31.6 billion Korean Won (approximately $21.5 million) remitted to the national treasury. The Bitcoins were originally confiscated after a crackdown on an illegal gambling platform, stolen in August 2025 due to a phishing attack on an official, and voluntarily returned by the hacker in February this year. The prosecution then sold the assets in batches over 11 days (from February 24 to March 6). The hacker remains at large, and the investigation is ongoing. (The Block)
GateNews47m ago
CFTC: The US is becoming the global "crypto capital"
Chairman Michael Selig of the U.S. Commodity Futures Trading Commission announced a new regulatory approach to position the U.S. as a global crypto hub. The "Project Crypto Initiative" aims to enhance coordination with the SEC and clarify crypto asset classification while ensuring transparency in digital markets.
TapChiBitcoin1h ago
US Treasury Submits GENIUS Act Crypto Report to Congress
The US Treasury Department has sent a new crypto report to Congress under the GENIUS Act. The document is about 32 pages long. It focuses on ways to track and stop illegal activity that uses digital assets. Officials prepared the report as part of a rule included in the law passed in July 2025
Coinfomania1h ago
DOJ Seeks Retrial for Tornado Cash Co-Founder Roman Storm
The U.S. DOJ seeks to retry Roman Storm, co-founder of Tornado Cash, after a divided jury found him guilty on one count while deadlocking on money laundering and sanctions charges. This case raises significant implications for crypto development, privacy tools, and the responsibility of software creators.
Coinfomania2h ago
Crypto Reporter: US Judges Show Divergent Attitudes Toward DeFi Developers, "Neutral Infrastructure" Could Become a Key Criterion
On March 10th, crypto journalist Eleanor Terrett pointed out that U.S. Judge Failla showed a different attitude when presiding over cases involving Tornado Cash and Uniswap developers, considering Uniswap as neutral infrastructure, while viewing Tornado Cash as involved in illegal financial activities, which could influence the future liability determination for DeFi project developers.
GateNews3h ago
