Coinbase froze $3M in crypto as part of a coordinated DOJ operation targeting pig butchering and romance scam rings across Southeast Asia. Meta, Microsoft and Starlink joined in, taking down 1.4M+ fraudulent accounts and cutting internet access to thousands of scam compound kits. Thai police arrested 63 people on the ground.
Total crypto frozen across all participants reached $3.8M. Americans lost over $7.2B to crypto investment fraud in 2025 alone, up 24% from the year before.
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