The U.S. Department of Justice, in conjunction with tech giants, froze $3.8 million in cryptocurrency assets involved in fraud.
2026-06-05 00:01:15
According to Decrypt, the U.S. Department of Justice launched "Disruption Week," partnering with tech companies such as Coinbase, SpaceX, Meta, and Apple to freeze over $3.8 million in stolen crypto assets in an effort to combat organized crypto scams originating in Southeast Asia. During the operation, the government and private sector shared information, successfully disrupting over 1.4 million social media and email accounts and assisting in the arrest of seven suspected scammers. The Department of Justice stated that this action demonstrates the power of government-private sector collaboration in preventing further victimization of the American public. FBI data shows that the U.S. lost nearly $11.4 billion to crypto scams in 2025, a 22% increase year-on-year. Previously, companies such as Coinbase, Kraken, and Binance also assisted in freezing $12 million in fraudulent funds.
Source:Internet
This content is for market information only and does not constitute investment advice.
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