Key facts
- Coinbase froze over $3.8 million in cryptocurrency linked to investment scams.
- The U.S. Department of Justice coordinated an anti-scam operation with private companies.
- Over 1.4 million online accounts and malicious infrastructure were disrupted.
- Seven arrests were made in Thailand as part of the operation.
- Cryptocurrency investment fraud losses exceeded $7.2 billion in 2025, according to IC3 data.
U.S. authorities, in coordination with major technology and crypto firms like Coinbase, Meta, and SpaceX, have launched a campaign to disrupt online fraud networks. The U.S. Department of Justice announced that private companies froze $3.8 million in cryptocurrency tied to investment scams. The operation also led to the dismantling of over 1.4 million online accounts and infrastructure used by transnational crime groups, particularly in Southeast Asia. Participants included various federal agencies and international law enforcement from Australia, Canada, New Zealand, Thailand, and the UK. The initiative targeted cyber-enabled investment fraud, with Meta playing a key role in coordinating private sector partners. The Royal Thai Police Anti-Cyber Scam Center reported seven arrests in Thailand. According to FBI IC3 data, cryptocurrency investment fraud losses have significantly increased, reaching over $7.2 billion in 2025.