US announces new strike force targeting Chinese crypto scammers
U.S. federal authorities have established a new task force to disrupt Chinese cryptocurrency scam networks that defraud Americans of nearly $10 billion annually.
The Scam Center Strike Force team, supported by agents from the U.S. Attorney’s Office, the Department of Justice, the FBI, and the Secret Service, investigates and prosecutes criminal groups operating large-scale cryptocurrency investment scams (also known as pig butchering or romance baiting) and money laundering campaigns from criminal compounds across Southeast Asia.
The strike team focuses on tracing illicit funds, seizing scammers’ cryptocurrency, and coordinating with international partners to dismantle the infrastructure supporting their operations.
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