Coinbase freezes $3M+ in crypto as global operation targets Southeast Asian scam networks
By
@cointelegraph
Summary
Coinbase froze over $3 million in cryptocurrency as part of a global operation led by the US Department of Justice's Scam Center Strike Force, targeting cyber-enabled crypto scam networks in Southeast Asia. The operation, part of Disruption Week, brought together government entities, private industries, social platforms, financial institutions, and connectivity providers to combat crypto fraud targeting Americans. The collaborative effort disrupted scam networks and targeted over 1.4 million fraudulent accounts.
Source
bskyCoinbase freezes $3M+ in crypto as global operation targets Southeast Asian scam networkscointelegraph.comKey quotes
· 2 pulledThis operation is proof that scammers can't be stopped by any single company or agency acting alone.
It took social platforms, financial institutions, connectivity providers, and law enforcement working together to make this impact.
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