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
A cryptocurrency scammer in South Korea, who was previously declared dead by law, has reappeared and repaid the victims for their losses.
A South Korean cryptocurrency fraudster, who was previously declared dead, was recently arrested and has repaid victims approximately $60,000. After committing the scam in 2019, this individual fled to Cambodia, but returned to South Korea and cooperated with prosecutors to resolve legal issues.
GateNews52m ago
SEC withdraws charges against Justin Sun, Rainberry settles for tens of millions of dollars
The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Tron founder Justin Sun and his affiliated entities, and reached a settlement with his subsidiary Rainberry, which agreed to pay a $10 million fine. The charges included unregistered token sales, market manipulation, and undisclosed celebrity endorsements. This settlement reflects a shift in the SEC's enforcement approach toward the cryptocurrency industry and does not constitute a definitive ruling on the legal status of TRX and BTT.
MarketWhisper1h ago
Gate Daily (March 6): Crypto market structural bill negotiations hit a deadlock; Russia plans to introduce a stablecoin bill
Bitcoin failed to continue its rebound, with the price around $70,810. Negotiations on the U.S. Digital Asset Market Structure Act have stalled, with banks opposing the approval of stablecoin yield products. Russia plans to introduce an independent stablecoin bill to legalize the related industry. Market conditions are affected by geopolitical tensions, with rising oil prices raising concerns and further impacting inflation and trade.
MarketWhisper1h ago
Penguin Fashion Brand sues Pudgy Penguins for trademark infringement
PEI Licensing has sued the NFT project Pudgy Penguins in U.S. federal court for trademark infringement due to retail products like plush toys and clothing. Despite a cease and desist letter, Pudgy Penguins continued sales, potentially misleading consumers about its connection to the established Penguin brand. PEI seeks restitution for profits made from alleged infringement.
TapChiBitcoin2h ago
SEC Moves to Settle Justin Sun Case With $10M Penalty for BitTorrent Owner
The SEC's proposed settlement requires Rainberry Inc. to pay a $10 million fine and bans it from deceptive practices. In return, the SEC will dismiss its claims against Justin Sun and affiliates, marking a shift in crypto regulation.
Decrypt4h ago
Son of U.S. government contractor arrested by FBI for allegedly stealing $46 million in cryptocurrency
Gate News bot message: According to X platform, the son of a U.S. government contractor, John Daghita, has been arrested by the Federal Bureau of Investigation (FBI) for allegedly stealing $46 million worth of cryptocurrency from the U.S. Marshals Service.
GateNews11h ago
