Svmuu News: U.S. Attorney for the District of Columbia Jeanine Pirro announced that the Fraud Center Task Force has frozen and seized more than $580 million in cryptocurrency from Southeast Asian criminal networks. Established in November 2025, the task force is coordinated by the U.S. Department of Justice, the FBI, the Secret Service, and the Department of the Treasury, among other agencies, and primarily targets transnational criminal networks operating “pig butchering” scams in Myanmar, Cambodia, and Laos. Pirro stated that her office will seek the forfeiture of these funds through legal proceedings and will make every effort to return them to the victims. Deddy Lavid, CEO of blockchain analysis platform Cyvers, told Decrypt that while the $580 million seizure is significant in operational terms, it represents only a small fraction of total activity in the broader context of global crypto fraud. The company has identified approximately 27,000 active criminal groups, involving an estimated $27.5 billion in fraud exposure. While Pirro linked the Southeast Asian fraud networks to Chinese organized crime, Lavid noted that these networks are becoming increasingly decentralized, involving operators across multiple countries and cross-border money laundering hubs.