DoJ and partners dismantled crypto-fraud networks in Southeast Asia — $3.8M frozen

Colleagues, please note: the U.S. conducted 'Disruption Week' targeting transnational crypto fraudsters in Southeast Asia.

- The DoJ, together with the private sector and international law enforcement, disabled millions of accounts, decommissioned servers, and disrupted malicious networks.
- Private firms and exchanges, in coordination, froze over $3.8M in crypto assets; Coinbase participated in the freezes.
- The operation led to arrests in Thailand and exposed scam complexes involving elements of human trafficking.

Why it matters: coordination between government and industry delivers tangible results against large-scale fraud.

Which measures do you believe would further enhance user protection?

#cybersecurity #cryptocurrency #fraud #lawenforcement