U.S. Strike Force Seizes and Freezes $580M in Crypto Linked to Pig‑Butchering Scams
Authorities say the assets were traced to Southeast Asian scam compounds and Chinese transnational criminal networks.
U.S. authorities announced that more than $580 million in cryptocurrency has been seized or frozen as part of an operation targeting global fraud networks, according to Department of Justice statements and press coverage of the action [2][1][3][4].
Officials said the seizures focused on networks operating “pig butchering” romance-and-investment scams run from compounds in Myanmar (Burma), Cambodia and Laos, with links to transnational Chinese crime groups, per reporting and DOJ materials [1][2].
The operation was carried out by a Justice Department strike force described as the DC Scam Center Strike Force; law enforcement agencies reported both asset freezes and forfeiture actions as part of the coordinated enforcement effort [2][4].
Authorities characterized the action as a significant disruption of organized crypto-enabled fraud and emphasized the role of international cooperation in pursuing such networks [4].
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Citations
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- 1DC Scam Center Strike Force Crypto Seizures, Freezes Hit $580MDecrypt• Feb 27, 2026
- 2US Authorities Seize $580M in Crypto Linked to Chinese Crime NetworksLive Bitcoin News• Feb 27, 2026
- 3U.S. Government Seizes Over $580 Million in Crypto Linked to Southeast Asian ScamsBitcoin Magazine• Feb 27, 2026
- 4US DOJ strike force seizes $580M in crypto from pig butchering scamsCrypto Briefing• Feb 27, 2026
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