FBI Seizes More Than $8 Billion in Cryptocurrency in Global Scam Crackdown

The FBI said Operation Blackout seized more than 127,000 BTC and led to about 300 arrests in a global crackdown linked to scam compounds in Myanmar and Cambodia. U.S. authorities described it as the largest crypto seizure in the government’s history. Six suspects were transferred to the U.S. for federal prosecution, including the CEO of Cambodia’s Prince Holding Group, adding a new legal dimension to what had already been described as a major enforcement action against cross-border fraud networks using digital assets.

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