Feds Seize $725M+ in Crypto From China-Linked Fraud Network
U.S. authorities have seized over $725 million in cryptocurrency linked to a China-connected fraud network involved in transnational scams. The Scam Center Strike Force, formed in 2025, targets criminal infrastructure and key figures operating in Southeast Asia. The effort involves multiple federal agencies and aims to recover stolen funds and prevent further exploitation of U.S. digital infrastructure.
- ▪The U.S. Attorney's Office for the District of Columbia announced the seizure of $25 million in cryptocurrency, bringing the total restrained assets to over $725 million.
- ▪The Scam Center Strike Force includes the Department of Justice, FBI, U.S. Secret Service, and other federal agencies collaborating to dismantle global fraud networks.
- ▪The strike force focuses on criminal operations in Cambodia, Laos, and Burma, particularly those tied to Chinese organized crime.
- ▪Over $701 million in cryptocurrency has been restrained by the Strike Force's Crypto Seizure team specifically.
- ▪The operation targets U.S.-based infrastructure, such as internet and social media accounts, used by scammers to target American citizens.
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Feds Seize $725M+ in Crypto From China-Linked Fraud Network By Ward Clark | 12:37 PM on May 05, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. AP Photo/Gillian Flaccus, File Tired of winning yet? Well, here's another win for you; the U.S. Attorney's Office for the District of Columbia's Scam Center Strike Force, on Tuesday, has announced another big fraud bust, freezing $25 million in cryptocurrency linked to Chinese organized crime efforts.
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