The United States has established a new special task force to target overseas "pig butchering" scams that lure victims with cryptocurrency.

The United States is intensifying its crackdown on overseas scams that lure people into sending cryptocurrency. On Wednesday, the U.S. Treasury Department announced the formation of a "Scam Center Task Force," disclosing its latest initiatives to combat Burmese scam syndicates that lure Americans with fraudulent investment schemes. This task force, established with the participation of the Department of Justice and others, aims to combat "pig butchering" scams, which are often orchestrated by large organized crime groups in Myanmar and elsewhere. Led by the U.S. Attorney for the District of Columbia, the task force plans to mobilize resources from the Department of Justice, the Treasury Department, and other agencies to dismantle transnational criminal corporations in Southeast Asia that have stolen substantial sums of money from Americans.