US and UK Unite Against Crypto Scams in Historic Alliance

US and UK authorities have formed an unprecedented alliance to combat cryptocurrency scams. On September 3, federal prosecutors in the US partnered with British agencies to establish a joint framework for pursuing transnational networks behind crypto-enabled investment scams.

The agreement joins the U.S. Attorney’s Office for the District of Columbia with the Crown Prosecution Service of England and Wales and the UK National Crime Agency. This first-of-its-kind cooperation aims to conduct parallel investigations, share information about organized crime syndicates, and bring cases of common interest.

According to the FBI's annual internet crime findings, reported losses reached $20.88 billion in 2025, including $11.37 billion associated with cryptocurrency. Investment fraud produced $8.65 billion in reported losses, while cryptocurrency investment fraud alone accounted for approximately $7.2 billion, making it the largest source of reported financial losses to Americans.

The agreement is part of a broader campaign against scam compounds and their international money laundering channels. Federal authorities have restrained more than $700 million in cryptocurrency allegedly linked to scam-center laundering, while the State Department offered up to $10 million for information leading to the financial disruption of Burma’s Tai Chang scam centers.