FBI Seizes Record $8 Billion Crypto Haul in Global Crackdown on Scam Networks Targeting Americans

FBI Seizes Record $8 Billion Crypto Haul in Global Crackdown on Scam Networks Targeting Americans

FBI seized a record $8 billion in crypto and arrested nearly 300 suspects in a global crackdown targeting scam compounds accused of defrauding Americans.

FBI's $8 Billion Bitcoin Bust Just Set the Record for the Largest Crypto Forfeiture in U.S. History

The biggest cryptocurrency forfeiture in U.S. history just happened, and it has a name: Operation Blackout. Federal officials this week confirmed the FBI has seized roughly $8 billion in cryptocurrency tied to a sprawling network of overseas "scam compounds" that funneled stolen funds out of American bank accounts. The figure breaks every previous record for a single coordinated crypto enforcement action, and it puts a hard number on something t…

FBI Seizes 127,000 Bitcoin in Global Scam Network Bust

FBI’s Operation Blackout seized over $8 billion and dismantled a global crypto scam network. Nearly 2,000 trafficked workers were freed as authorities shut down scam compounds worldwide. The FBI says crypto fraud networks increasingly combine scams, money laundering, and trafficking. The FBI has broken up a vast cryptocurrency fraud network that authorities say stole billions of dollars from victims around the world. The operation, which stretch…

FBI Seizes Record $8 billion in Crypto in Global Scam Crackdown

The FBI says it has seized a record $8 billion in cryptocurrency and arrested hundreds of suspects in a global crackdown on scam compounds and organized crime networks. The operation targeted groups accused of stealing from Americans through online scams, including one case involving as much as $3 million from a single US victim. Prince Group Case The FBI confiscated more than 127,000 bitcoin during the arrest of Chen Zhi, the CEO of Cambodia-ba…