The United States and China are intensifying their crackdowns on transnational crime syndicates running cryptocurrency scams across Southeast Asia.
Criminal networks operating along the Thailand–Myanmar–Laos–Cambodia corridor have coerced or tricked victims into sending funds through bitcoin, ether, or stablecoins, which are then laundered through complex cross-border systems.
📰 US DOJ, FBI, Secret Service launch 'Scam Center Strike Force' to combat China-rooted crypto scams. This interagency effort targets "pig butchering" schemes, aiming to recover billions lost.
— FYNX | Crypto News App (@Fynx_Crypto) November 12, 2025
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U.S. authorities say these syndicates have defrauded Americans of nearly $10 billion a year.
Washington launched a new Scam Center Strike Force after seizing $13.4 billion worth of bitcoin tied to Chen Zhi, a China-born Cambodian businessman accused of running forced-labor scam compounds.
China, for its part, extradited accused gambling kingpin She Zhijiang and announced plans to build a global anti-fraud alliance.
Both nations are cooperating more closely after President Donald Trump and Chinese President Xi Jinping agreed last month that joint action on money laundering and cybercrime was a shared priority.
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TIPP Staff
