The U.S. District Fraud Center seized $580 million in cryptocurrency.

According to Odaily Planet Daily, U.S. Attorney Jeanine Pirro of the District of Columbia announced that the Fraud Center's anti-fraud team has frozen and seized over $580 million in cryptocurrency from Southeast Asian criminal networks. Established in November 2025, the team is coordinated by the U.S. Department of Justice, the FBI, the Secret Service, and the Treasury Department, primarily targeting transnational criminal networks operating "pig butchering" scams in Myanmar, Cambodia, and Laos. Pirro stated that her office will pursue legal action to recover the funds and return them to victims as much as possible. Deddy Lavid, CEO of blockchain analytics platform Cyvers, told Decrypt that while the $580 million seizure is significant, it represents only a small fraction of global cryptocurrency fraud activity. The company has identified approximately 27,000 active criminal groups involved in approximately $27.5 billion in fraudulent exposure. Pirro linked Southeast Asian fraud networks to organized crime in China, while Lavid pointed out that these networks are becoming increasingly decentralized, involving multinational operators and cross-border money laundering hubs.