U.S. Seizes Over $580M in Crypto From Southeast Asia Scam Networks in February 2026

On 28 February 2026, U.S. authorities reported seizing more than $580 million in crypto assets linked to Southeast Asia-based scam operations. Officials estimate Americans lose around $10 billion per year to such schemes, with $1.5 billion taken in the first three quarters of 2025. The interagency Scam Center Strike Force, created in November 2025, is using blockchain forensics to trace funds, dismantle fraud infrastructure, and pursue restitution for victims.