The FBI and Thai police froze about $580m in crypto and seized 8,000 phones in a joint strike on Southeast Asian pig butchering gangs targeting American victims.
Summary
- U.S. federal agents and Thai police froze roughly $580 million in crypto and confiscated around 8,000 phones used by organized scam gangs targeting Americans.
- The operation hits Southeast Asian pig butchering networks that run factory-sized fraud compounds, often staffed by trafficking victims forced to run fake crypto investment scams.
- Authorities say the scale of the seizure shows both the industrial nature of crypto fraud and how advanced on-chain tracing is becoming for dismantling these networks at the…
