US Seizes $25M Crypto in Fraud Raids as Task Force Recovers Over $800M
2026-07-22 23:15

Woofun AI reports that the U.S. Department of Justice and the Secret Service filed five civil forfeiture lawsuits regarding investment fraud and "pig butchering" schemes, seizing over $25 million in cryptocurrency assets. The largest case involves approximately $12.1 million affecting over 200 victims, while a Canada-linked case covers $10.4 million with over 270 suspicious transactions. The remaining cases range from $285,000 to $2.4 million, including one involving secondary fraud by fake recovery agents. Investigations indicate money launderers are primarily based in Southeast Asia, with IP addresses traced to China, Malaysia, and Cambodia. This operation is part of the Fraud Center Task Force, established in November 2025, which has cumulatively recovered over $800 million. All five cases remain under ongoing investigation.

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