FBI Seizes $15B in Cryptoassets as Operation Blackout Targets Global Scams

FBI Director Kash Patel revealed that Operation Blackout, aimed at combating global investment fraud networks, has yielded significant results. The operation, launched under President Donald Trump's leadership, has seen law enforcement seize more than $15 billion in cryptoassets.

According to the FBI director, the operation also dismantled dozens of scam compounds, arrested hundreds of people, freed thousands of human trafficking victims, and shut down over 500 fraudulent investment sites. Patel emphasized that the goal is not just to target scammers but to dismantle the networks that enable them.

Patel's statement sparked a mixed reaction on social media, with some praising the results of the operation and others criticizing the Trump administration for allegedly prioritizing domestic threats over combating global scams.