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Feb 24, 2026

Pirro Announces Major Seizure Of China-Based Cryptocurrency

U.S. Attorney Jeanine Pirro, together with major federal law enforcement and interagency partners, announced that freezes and seizures of cryptocurrency by the Scam Center Strike Force have topped $580 million, a critical step in the Strike Force’s fight against Southeast Asian cryptocurrency-related fraud and scams, the Justice Department noted in a press release late last month.

These frozen and seized funds have been stolen by Chinese transnational criminal organizations (TCOs), which use cryptocurrency investment scams and various confidence scams to steal the life savings of everyday Americans.

These scammers utilize U.S. internet and social media platforms to prey on American victims. Recent reporting estimates that this scam industry defrauds Americans of nearly $10 billion per year, the press release added.

“In November, I announced the establishment of our Scam Center Strike Force to spearhead this effort.” In only three months, we have made significant progress, freezing, seizing, and forfeiting cryptocurrency worth more than $580 million from these criminals.

Pirro stated, “These criminals don’t care about your identity, beliefs, or breakfast habits—all they care about is stealing from honest Americans to enrich Chinese organized crime.”

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