Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag U.S. agencies seized $580M in crypto from transnational "pig butchering" scams, costing Americans $10B yearly.

flag 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. flag These frauds, which trick American victims through fake social media relationships and fake investment platforms, have caused an estimated $10 billion in annual losses. flag 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. flag While significant progress has been made, experts note the seizures represent only a fraction of global crypto fraud.

8 Articles