U.S. Launches Strike Force Against Global Cryptocurrency Scams

On November 12, 2025, the U.S. Attorney for the District of Columbia announced the creation of the Scam Center Strike Force to combat large-scale cryptocurrency fraud, particularly targeting transnational networks involved in 'pig butchering' scams. This initiative aims to address the estimated $10 billion lost annually by American victims through coordinated efforts involving multiple federal agencies and private companies.