US DOJ Seized $580M in Crypto from ‘Chinese Transnational Criminals‘
Summary
Officials with the US Department of Justice announced the freezing, seizing, and forfeiting of more than $578 million in digital assets linked to criminal groups. These actions were carried out by the District of Columbia’s Scam Center Strike Force, established in November by US Attorney Jeanine Pirro. The seized cryptocurrency was reportedly stolen by "Chinese transnational criminal organizations" using websites and social media to target US residents. Pirro stated that the office will seek to forfeit these funds through the legal process and return them to victims to the maximum extent possible. This action comes as crypto scams, including impersonation and investment schemes, surged significantly in 2025, with incidents rising by about 1,400% year-over-year.
(Source:Cointelegraph)