A US law enforcement task force has seized hundreds of fake investment websites and issued search warrants against two suspects linked to a cryptocurrency scam complex in Burma.
US Reward for Fraud Center Tips
The US State Department is offering $10 million to anyone who helps disrupt the operation Tai Chang scam centers in Burma – This is a reward that indicates how seriously Washington is dealing with the problem of industrial fraud in Southeast Asia.
Which advertisement This came in conjunction with a large-scale action, Thursday, by the US Fraud Center’s strike force, which said it had frozen more than $700 million of its funds. encryption Linked to investment scams targeting American victims.
The funds were restricted through a combination of voluntary cooperation from cryptocurrency exchanges and formal legal processes.
We are taking down malicious scam centers that prey on Americans. A $10 million reward for information that disrupts Tai Chang scam centers in Burma. Do you have any advice? Contact the FBI at TaiChangTIPS@fbi.gov. https://t.co/DyMpWyQvrC pic.twitter.com/Mw5nQWKP0w
— US Department of State INL (@StateINL) April 23, 2026
Fake websites, a Telegram channel were confiscated, and two arrest warrants
The scope of the operation went beyond freezing assets. Authorities have pulled down more than 500 fraudulent investment sites that were used to lure victims into depositing cryptocurrencies. Visitors trying to access those domains now see a government seizure notice.
The Telegram channel was also seized. Reports say it was used to recruit unsuspecting job seekers into a cryptocurrency scam hub operating in Cambodia — a common tactic in Southeast Asia, where traffickers pose as employers to lure workers into forced labor in scam complexes.
Source: US DOJ
Two Chinese nationals, Huang Xingshan and Jiang Wenjie, were named in criminal complaints and arrest warrants unsealed as part of the operation. The pair are accused of running a cryptocurrency investment fraud scheme in the Shunda complex in Burma. The Karen National Liberation Army took over that facility in November 2025.
Exchanges and Blockchain companies are joining the fight
The United States was not alone in taking action on Thursday. The Singapore Police Force conducted a parallel month-long operation from mid-March to mid-April, working alongside Coinbase, Gemini, Coinhako, Independent Reserve, and blockchain analytics firms TRM Labs and Chainasis.
This effort stopped more than $2.86 million in potential losses and included more than 90 direct interventions with fraud victims – some by phone, others in person.
The willingness of major cryptocurrency platforms to cooperate with law enforcement represents a shift in how these cases are handled. Blockchain transactions can be traced, and this transparency is increasingly being used against the same criminals who rely on cryptocurrencies for speed and anonymity.
Losses amount to billions
It is difficult to overstate the scale of the problem. The FBI received more than 1 million cybercrime complaints in 2025 alone, with reported losses totaling more than $20 billion.
The $701 million frozen Thursday, while a large number, represents a small fraction of what was actually lost.
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