Bitcoin News
By James Thorp
1 / 15
Prosecutor Jeanine Ferris Pirro has announced a massive seizure of cryptocurrencies linked to Asian scam networks.
2 / 15
These criminal groups use Facebook, Instagram, and text messages to lure their American victims. They siphon nearly $10 billion annually in the U.S.
3 / 15
Authorities call it "pig butchering" - scammers first build a relationship with their targets, then push them toward bogus crypto investments.
4 / 15
These operations run from secured complexes in Myanmar, Cambodia, and Laos. But there's an even darker side: some employees in these centers are victims of human trafficking,…
5 / 15
The Strike Force is tracking the big players - organizers and money launderers moving funds through the blockchain.
6 / 15
The team includes the Washington DC prosecutor's office, several divisions of the Department of Justice, plus the FBI, Secret Service, and IRS.
7 / 15
The Department of Justice plans to continue targeting the infrastructure, financial channels, and leadership structures of these networks. No backing down.
8 / 15
Crypto crime is surging - $154 billion last year according to Chainalysis, a 162% increase from 2023. Sanctioned entities largely drive this rise.
9 / 15
Stablecoins account for 84% of illicit transaction volume. Logical, as they offer more stability for criminals.
10 / 15
The Chainalysis report also highlights the expansion of Chinese money laundering networks offering "laundering as a service" - a complete infrastructure for criminals.
11 / 15
Attorney General Merrick Garland emphasized the operation's importance during a press conference on February 26.
12 / 15
Chainalysis works closely with authorities to track illicit transactions. Their latest analysis reveals ultra-complex asset transfer patterns, often through unregulated exchanges…
13 / 15
The Department of Justice is preparing new legislative measures to facilitate the seizure of digital assets.
14 / 15
American victims lose an average of $146,000 per person according to the latest FBI data. Seniors make up 60% of the targets, often approached via dating apps like Tinder or…
15 / 15
Several U.S. states are strengthening their anti-crypto fraud laws. California recently passed a law requiring exchanges to report suspicious transactions over $25,000.
The Currency Analytics
Want the full story?