Coinbase freezes $3M tied to Southeast Asia crypto fraud networks
Authorities around the world have been heavily targeting scam infrastructure this year, with joint actions involving the US, UAE, China, Austria and Albania. Crypto exchange Coinbase said it froze more than $3 million in cryptocurrency tied to a global operation targeting cyber-enabled crypto scam networks in Southeast Asia. The operation was part of Disruption Week led by the US Department of Justice’s Scam Center Strike Force, which brought together government entities and private industries to tackle crypto fraud targeting Americans. “This operation is proof that scammers can't be stopped by any single company or agency acting alone,” said Coinbase.
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