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Home»Bitcoin»US DOJ strike power seizes $580M in crypto from pig butchering scams
Bitcoin

US DOJ strike power seizes $580M in crypto from pig butchering scams

EditorBy EditorMarch 2, 2026No Comments2 Mins Read
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US DOJ strike power seizes 0M in crypto from pig butchering scams
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The US Division of Justice’s Rip-off Heart Strike Pressure has recovered $580 million in digital property linked to pig butchering scams run by Chinese language transnational felony organizations, based on a Friday announcement.

Established final November, the strike power focuses on rip-off compounds primarily situated in Southeast Asia to dismantle the worldwide infrastructure behind pig butchering and crypto funding fraud.

Legal professional Jeanine Pirro, who heads federal prosecutions within the nation’s capital, stated the milestone was reached inside three months of the duty power’s formation.

“These criminals don’t care who you’re, what you imagine in, or what you ate for breakfast—all they need is to steal from good and trustworthy People to line the pockets of Chinese language organized crime,” Pirro stated.

Pig butchering is a complicated romance-investment fraud the place scammers use emotional intimacy to decrease a sufferer’s defenses earlier than steering them towards counterfeit buying and selling platforms.

Rip-off operators, many based mostly in compounds throughout Burma, Cambodia, and Laos, use American social media networks and textual content messages to determine targets.

In some Southeast Asian nations, income from fraud operations approaches half of gross home product, based on the Justice Division.

The duty power brings collectively prosecutors from the DOJ’s Legal Division, the FBI, the Secret Service, and the Inner Income Service’s felony investigation unit.

By January 2026, the initiative had already recovered $402 million in digital property linked to rip-off networks.

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