US Justice Department Seizes Record-Breaking Crypto Funds from Chinese Criminals

The U.S. Department of Justice has made a significant move in its fight against global scams by seizing cryptocurrency worth over $580 million from Chinese transnational criminal networks.

This seizure is part of a broader initiative aimed at dismantling international scams and financial crimes. The DC Scam Center and the Strike Force initiative are playing pivotal roles in identifying and apprehending criminals involved in cryptocurrency-related offenses.

The Strike Force, a collaborative law enforcement effort, targets transnational networks and highlights the global reach of these criminal enterprises. The operation has resulted in significant progress, with $580 million in cryptocurrency being frozen, seized, or forfeited from these criminals.