The U.S. Department of Justice's Southeast Asia Fraud Center seized $700 million in cryptocurrency.

CoinFeed reported on April 24 that, according to a statement from the U.S. Department of Justice, the Scam Center Task Force announced a major operation against Southeast Asian fraud rings, indicting two Chinese men for allegedly managing a scam operation in Myanmar. Over $700 million in cryptocurrency was seized, and a Telegram channel and 503 fraudulent websites were shut down. The accused, “Huang Xing Saan” and “Jiang Wen Jie”, worked as managers at the Shunda Scheme in Min Let Pan, Myanmar, forcing trafficked workers to defraud Americans through fake investment platforms. After the Scheme was shut down by Myanmar armed forces in November 2025, the two men moved to Cambodia to continue operations before being arrested in Thailand.