$701 Million in Crypto Seized in Crackdown on Overseas Scam Networks

The US Department of Justice has taken significant action against overseas investment scams targeting Americans, freezing over $701 million in cryptocurrency. The funds were restrained through a combination of voluntary cooperation from crypto exchanges and standard legal processes, marking one of the largest single-day enforcement actions to date.

The US Scam Center Strike Force, working with law enforcement partners, announced the move on Thursday through the US Attorney’s Office for the District of Columbia. The funds are part of a steadily growing stockpile of confiscated digital assets, which includes forfeited crypto linked to criminal investigations.