New Strike Force Set to Target Overseas 'Pig Butchering'

U.S. federal agencies are launching a new Strike Force to combat large-scale crypto scams known as 'pig butchering' originating from Southeast Asia. This initiative comes as the U.S. Department of the Treasury imposes sanctions on individuals and groups linked to these fraudulent activities, particularly focusing on Burma. The Strike Force, which includes collaboration among the Department of Justice, the Treasury, and other federal bodies, aims to dismantle organized crime operations that have defrauded Americans of billions. These scams often involve human trafficking and deception through fake investment schemes and romantic advances. Under Secretary John Hurley emphasized the administration's commitment to using all available tools to protect American families. The scale of these operations is described as staggering, necessitating a coordinated federal response to effectively tackle the issue of cross-border cybercrime and scams.

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