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US Seizes $700 M Crypto, Targets Chinese, Cambodian Scammers

4/24/2026

Summary

US Cracks Crypto

The United States announced actions that restrained over $700 million in cryptocurrency tied to fraud against Americans.
The Scam Center Strike Force charged two Chinese nationals for a Burma compound, seized a Telegram channel recruiting Cambodian scam victims, and confiscated 503 investment websites.
Officials, Treasury, State Department, Assistant Attorney General A. Tysen Duva and FBI Co-Deputy Director Christopher G., sanctioned Cambodian operators, offered rewards on Burma’s Tai Chang scam center, and participated.

Summary

FBI Flags Crypto

Investment scams topped the FBI IC3 2023 crime reports, with cryptocurrency fraud making up 83 percent.
Reported losses rose from $3.96 billion in 2023 to $5.8 billion in 2024 and $7.2 billion in 2025, a 24 percent increase.
The United States Institute of Peace estimates global scam-related theft at about $64 billion by the end of 2023.
Scam compounds on the Burma-Thailand border and in Cambodia lure victims with false job offers, seize IDs, and traffic them.

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US Cracks Crypto

The United States announced actions that restrained over $700 million in cryptocurrency tied to fraud against Americans.
The Scam Center Strike Force charged two Chinese nationals for a Burma compound, seized a Telegram channel recruiting Cambodian scam victims, and confiscated 503 investment websites.
Officials, Treasury, State Department, Assistant Attorney General A. Tysen Duva and FBI Co-Deputy Director Christopher G., sanctioned Cambodian operators, offered rewards on Burma’s Tai Chang scam center, and participated.

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