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U.S. agencies seized $580M in crypto from transnational "pig butchering" scams, costing Americans $10B yearly.
The U.S. Scam Center Strike Force has frozen or seized over $580 million in cryptocurrency linked to "pig butchering" scams orchestrated by transnational criminal networks, primarily based in Southeast Asia.
These frauds, which trick American victims through fake social media relationships and fake investment platforms, have caused an estimated $10 billion in annual losses.
Led by U.S. Attorney Jeanine Pirro and involving the FBI, IRS, Secret Service, and DOJ, the initiative targets key figures and infrastructure across Burma, Cambodia, and Laos, aiming to recover stolen funds through legal forfeiture.
While significant progress has been made, experts note the seizures represent only a fraction of global crypto fraud.
Las agencias estadounidenses incautaron $ 580M en cripto de estafas transnacionales de "masacre de cerdos", costando a los estadounidenses $ 10 mil millones al año.