United Kingdom · U.S. · Federal Reserve (FED) · Bitcoin.com News
US and UK Form First-of-Its-Kind Alliance Against Crypto Scams
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The United States and United Kingdom formed a first-of-its-kind enforcement alliance targeting overseas cryptocurrency scam centers blamed for nearly $10 billion in annual American losses.
Key facts
- Reported internet crime losses reached $20.88 billion in 2025, including $11.37 billion associated with cryptocurrency, according to the FBI’s annual internet crime findings
- A separate enforcement case sought the forfeiture of approximately 127,271 BTC, valued at about $15 billion when prosecutors filed the action against Cambodian businessman Chen Zhi
- The United States and United Kingdom formed a first-of-its-kind enforcement alliance targeting overseas cryptocurrency scam centers blamed for nearly $10 billion in annual American losses
- During a May disruption campaign, participating companies interrupted more than 1.4 million scam-linked accounts and helped freeze more than $3.8 million in cryptocurrency
Summary
U.S. and U.K. agencies will investigate common targets in parallel. Federal prosecutors and British authorities established a joint framework on Sept. 3 to pursue transnational networks operating cryptocurrency and cyber-enabled investment scams. Participating agencies will conduct parallel investigations into shared targets, exchange information about organized crime syndicates, and determine where to bring cases of common interest. The U.S. Scam Center Strike Force began operating in November 2025 against Chinese transnational criminal organizations running compounds primarily in Southeast Asia.