FBI seizes $8B in crypto in largest U.S. forfeiture ever!

The FBI has seized more than $8 billion in cryptocurrency and arrested nearly 300 suspects as part of a sweeping global operation targeting scam compounds across Myanmar, Cambodia, Thailand, and the UAE. The bureau confirmed the seizure is the largest cryptocurrency forfeiture in U.S. government history.

Dubbed Operation Blackout, the crackdown also freed nearly 2,000 people who had allegedly been forced to work inside the fraud centers — a human trafficking dimension that underscores just how industrialized these operations had become. Starlink separately disabled more than 7,000 satellite terminals in Myanmar that were allegedly being used to power the scam infrastructure.

The scale of the seizure and the geographic reach of the operation signal a meaningful escalation in coordinated enforcement against crypto-enabled fraud.