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DOJ Task Force Confiscates $580 Million In Crypto From Chinese Fraud Ring

Bitcoinist|Ronaldo Marquez|February 28, 2026 at 06:00 AM|1 views

🤖AI Summary

US Federal authorities seized over $580 million in cryptocurrency linked to Chinese transnational criminal organizations through the D.C. Scam Center Strike Force. The operation targeted large-scale investment and confidence scams that specifically victimized American investors.

Key Takeaways

→DOJ Task Force confiscated $580 million in crypto assets from Chinese fraud operations.
→The seizure was part of a coordinated crackdown on investment scams targeting Americans.
→The D.C. Scam Center Strike Force led the multi-agency enforcement action.
→Chinese transnational criminal organizations were the primary targets of the investigation.
→The operation demonstrates increased federal focus on crypto-related financial crimes.

#doj #crypto-seizure #chinese-fraud #law-enforcement #scam-crackdown #federal-investigation #crypto-crime #regulatory-action

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