The U.S. Department of Justice seized $580 million in cryptocurrency, directly targeting Chinese cross-border 'pig butchering' scam gangs
U.S. federal authorities announced on Thursday that law enforcement has confiscated and frozen over $580 million worth of cryptocurrency, with the funds involved linked to fraudulent activities carried out by Chinese transnational criminal organizations.
This achievement is also a significant breakthrough made in just three months since the establishment of the 'DC Fraud Center Strike Force' last November.
U.S. Attorney Jeanine Pirro stated that these criminal gangs have profit as their sole objective, and their core intent in targeting American citizens for fraud is to steal the assets of ordinary people to benefit organized crime groups overseas.
Pirro also mentioned that recovering the cryptocurrency is just part of the overall operation, and her office will initiate forfeiture lawsuits through the courts to strive to return more funds to the victims.
It is reported that criminals first contact victims through social media or text messages, spending a long time building emotional trust, and then gradually诱导 victims to purchase cryptocurrency.
After gaining trust, they deceive victims into transferring funds to fraudulent investment platforms that they actually control, and by the time victims realize they've been scammed, it is usually difficult to recover the funds.
Investigators pointed out that this type of fraud causes nearly $10 billion in losses to American citizens each year, with operations mainly concentrated in Southeast Asian countries like Myanmar, Cambodia, and Laos, and run by a Chinese crime network operating behind the scenes.
Currently, the strike force is making every effort to investigate and capture the core personnel involved in the organizations, including those responsible for directing operations in the aforementioned countries.
The prosecutor stated that these gangs heavily rely on domestic U.S. internet services and social media platforms to screen, lock in, and contact victims.
This also means that even if the scam operations are based overseas, the entire chain of criminal activity still deeply depends on American technology and internet infrastructure.
In summary, this comprehensive enforcement action is not only a landmark achievement in combating cross-border pig butchering but also reveals that this type of scam has formed a clearly divided, highly harmful black industrial chain;
Only by strengthening cross-border law enforcement, strictly managing online platforms, and raising public awareness of fraud can we cut off the source of the scam chain and protect the property safety of the public.
#杀猪盘 #反诈执法
U.S. federal authorities announced on Thursday that law enforcement has confiscated and frozen over $580 million worth of cryptocurrency, with the funds involved linked to fraudulent activities carried out by Chinese transnational criminal organizations.
This achievement is also a significant breakthrough made in just three months since the establishment of the 'DC Fraud Center Strike Force' last November.
U.S. Attorney Jeanine Pirro stated that these criminal gangs have profit as their sole objective, and their core intent in targeting American citizens for fraud is to steal the assets of ordinary people to benefit organized crime groups overseas.
Pirro also mentioned that recovering the cryptocurrency is just part of the overall operation, and her office will initiate forfeiture lawsuits through the courts to strive to return more funds to the victims.
It is reported that criminals first contact victims through social media or text messages, spending a long time building emotional trust, and then gradually诱导 victims to purchase cryptocurrency.
After gaining trust, they deceive victims into transferring funds to fraudulent investment platforms that they actually control, and by the time victims realize they've been scammed, it is usually difficult to recover the funds.
Investigators pointed out that this type of fraud causes nearly $10 billion in losses to American citizens each year, with operations mainly concentrated in Southeast Asian countries like Myanmar, Cambodia, and Laos, and run by a Chinese crime network operating behind the scenes.
Currently, the strike force is making every effort to investigate and capture the core personnel involved in the organizations, including those responsible for directing operations in the aforementioned countries.
The prosecutor stated that these gangs heavily rely on domestic U.S. internet services and social media platforms to screen, lock in, and contact victims.
This also means that even if the scam operations are based overseas, the entire chain of criminal activity still deeply depends on American technology and internet infrastructure.
In summary, this comprehensive enforcement action is not only a landmark achievement in combating cross-border pig butchering but also reveals that this type of scam has formed a clearly divided, highly harmful black industrial chain;
Only by strengthening cross-border law enforcement, strictly managing online platforms, and raising public awareness of fraud can we cut off the source of the scam chain and protect the property safety of the public.
#杀猪盘 #反诈执法