U.S. Scam Center Seizes $580 Million in Southeast Asia Crypto Fraud

TLDR: U.S. authorities seized over $580M in crypto linked to Southeast Asia fraud networks. “Pig butchering” scams used social engineering to target Americans via U.S. platforms. Scam compounds often involve human trafficking and generate massive regional revenue. Multi-agency Strike Force aims to recover stolen crypto and pursue criminal leaders. The U.S. Attorney’s Office in Washington, [...]

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