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Home » News » Government & Policy » FBI Seizes $50 Million in Assets in Global Cybercrime Crackdown

FBI Seizes $50 Million in Assets in Global Cybercrime Crackdown

Last updated:August 28, 2026
Human Written
  • The FBI closed a 60-day operation called Riptide, resulting in more than 200 arrests around the world.

  • Agents seized 170 domains and servers, along with roughly $50 million in stolen crypto and digital assets.

  • FBI Director Kash Patel said smarter AI tools and stronger global teamwork helped agents catch criminals faster.

FBI Seizes $50 Million in Assets in Global Cybercrime Crackdown

The FBI just finished a massive cybercrime crackdown. The bureau says it ran for 60 days and reached criminal networks across the globe. Officers made over 200 arrests during this time. They also seized 170 domains and servers used by cybercriminals.

The campaign targeted people and companies both inside and outside the United States. Officials call it one of the largest coordinated cyber operations in recent memory.

Arrests, Seizures, and Global Teamwork

FBI Director Kash Patel shared the results on X. He called the effort a major 60-day push against criminal networks working both inside and outside the country. According to Patel, agents seized $50 million in stolen crypto and other digital assets. They also helped extradite six alleged cybercriminals from three different continents. Six pieces of criminal tech infrastructure were shut down too.

The FBI’s own numbers add more detail to that figure. The bureau ran 13 coordinated operations. These actions froze or seized more than $23 million in illegal crypto and other funds. Agents also started returning $31 million in digital assets.

North Korean cybercriminals had stolen those funds earlier. Together, these two amounts add up to about $54 million in targeted assets. Patel rounded that total down to $50 million in his summary.

Riptide did not just chase individual hackers. It also went after the systems that let cybercrime happen. Agents worked with partners across the U.S. and other countries. They combined arrests, financial digging, tech takedowns, and shared intelligence. This mix let them hit criminal groups from several angles at once.

In June 2026, the FBI, DOJ, and tech giants including Meta, Microsoft, Coinbase, and Starlink disrupted Southeast Asian scam networks, removing over 1.4 million fake accounts and freezing more than $3 million in crypto.

Crimes Targeted and Tools Used

The operation covered many types of online crime. It focused on digital fraud and illegal tech setups used by criminals. Fox News reported that the sweep zeroed in on phishing scams, romance fraud, and ATM jackpotting schemes.

The FBI has leaned harder into working with other countries lately. Cybercriminals often use overseas servers and cryptocurrency to hide what they are doing. They also use these tools to move stolen money without getting caught.

One part of the wider campaign broke apart tech used for phishing attacks. The FBI has also run operations against services tied to ransomware gangs and other criminal groups. These takedowns aim to remove the tools criminals depend on, not just catch the people using them.

Patel gave credit to a few key factors. He pointed to better AI technology as one reason agents worked faster this time. He also praised stronger intelligence sharing and closer ties with police forces overseas. The FBI says these tools matter more each year. Cybercriminals now use technology to strike across borders and reach victims from far away.

This sweep comes as cybercrime keeps hurting Americans financially. The FBI has said that people in the U.S. lost over $20 billion to reported internet crimes in 2025. That number shows just how big this threat has become for regular people and businesses alike.

What Comes Next for the FBI

Riptide itself has wrapped up, but the FBI says its fight against cybercrime is not over. In a look back at the operation, the bureau said it plans to keep using the same playbook going forward.

That means continued partnerships with other countries, deeper financial investigations, more shared intelligence, and further tech takedowns. The goal stays the same: hold cybercriminal networks responsible for their actions.

So Riptide’s end is not really a final win against cybercrime. It is more like a preview of how the FBI plans to operate going forward. The bureau is leaning into teamwork, data, and tech disruption all at once. Officials such as FBI Cyber Assistant Director Brett Leatherman have discussed this coordinated approach in other public talks about how the bureau tackles cyber threats today.

For now, the numbers speak for themselves. Over 200 people were arrested. Around $54 million in assets got seized or returned. Six alleged criminals faced extradition from three continents. And 170 pieces of criminal infrastructure went offline.

It is worth noting that some figures, like the exact dollar total, differ slightly between Patel’s summary and the FBI’s fuller report. Neither account has been independently verified beyond what the bureau and its director have shared publicly.

As cybercriminals keep finding new ways to hide behind borders and blockchains, the FBI says its answer will keep evolving too, one coordinated operation at a time.

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About the Author

Memchick E

Memchick E

Digital Privacy Journalist

Memchick is a digital privacy journalist who investigates how technology and policy impact personal freedom. Her work explores surveillance capitalism, encryption laws, and the real-world consequences of data leaks. She is driven by a mission to demystify digital rights and empower readers with the knowledge to protect their anonymity online.

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