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I saw a post saying that a once-in-a-lifetime opportunity has arrived: buy the dip on Google! It reminded me of 2020, when crude oil fell to 1. Countless people around the world bought the dip, all thinking oil could never fall to 0, but it ended up falling to -38!😂$GOOGL
At the UN drug convention conference on October 20, U.S. representatives laid it out plainly: over the past 10 months, U.S. agencies have restricted the disposition of $938 million in cryptocurrency in Southeast Asia, shut down 503 fake websites, and issued real-time warnings to nearly 9,000 potential victims. The policy framework behind all this is Executive Order No. 14390, signed on March 6, which directly classified cross-border telecom fraud and crypto scams as national security issues, directing the Justice Department to prioritize prosecutions, the Treasury Department to sanction money-laundering channels, and the State Department to apply pressure through visa restrictions.
The hard-hitting part of this approach isn’t that it arrested a few people. In April, the Justice Department’s “Scam Center Strike Force” froze $701 million and shut down 503 fake investment websites. Earlier, in the Cambodian Prince Group case, forfeiture proceedings were initiated against 127,000 BTC, worth about $15 billion at the time—the largest single seizure in Justice Department history. The numbers speak for themselves: the profits from scams are being systematically siphoned off.