Coinbase Freezes $3 Million in Crypto Tied to Asian Scam Networks

BeInCrypto Editorial

(06:37 AM UTC)

1 min read

Coinbase froze more than $3 million in cryptocurrency linked to Southeast Asian fraud rings. The move was part of the US Department of Justice’s coordinated Disruption Week with private technology firms.

The operation paired federal investigators with major platforms to choke off the accounts and infrastructure behind cyber-enabled investment scams that have drained billions from American…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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