U.S. Launches Strike Force Against $9 Billion Crypto Scams Targeting Americans

The U.S. government has launched a dedicated strike force to combat rising cryptocurrency scams originating from Southeast Asia. This initiative targets Chinese-linked criminal organizations responsible for billions in losses to American victims, highlighting the growing threat of global crypto fraud. The new interagency Scam Center Strike Force aims to dismantle these networks and protect individuals impacted by this surge in scams. 2024 alone saw Americans lose over $9 billion through cryptocurrency theft. The team will focus on disrupting the criminal operations by targeting both scam infrastructure and the organizers behind the fraud.