FBI Director Kash Patel Targets Crypto Scammers in Major Operations
- The FBI seized over 127,000 BTC in May during “Operation Blackout,” targeting scam centers linked to human trafficking.
- More than $8 billion in cryptocurrency was confiscated from operations across Asia, Africa, and the Middle East.
- Over 300 arrests were made in Cambodia, Dubai, and Thailand with assistance from Elon Musk’s Starlink technology.
- “Operation Level Up” has saved victims over $500 million by December 2025 through proactive alerts against crypto fraud.
- The FBI identified and notified over 8,000 victims, with some referred for suicide intervention due to the scams’ severe impact.
The FBI under Director Kash Patel has intensified efforts against crypto fraud, focusing on “pig butchering” scams that exploit vulnerable individuals online. These operations have led to significant asset seizures and numerous arrests worldwide, showcasing the agency’s commitment to combatting these crimes effectively.
Seizing over 127,000 BTC and saving victims $500 million highlights the scale of these operations and their impact on reducing crypto-related crimes globally.Source
