Coinbase freezes $3M linked to Southeast Asian crypto scam ring

Coinbase has frozen over $3 million in cryptocurrency linked to a Southeast Asian-based fraud organization, Cointelegraph reported. The action was part of an operation dubbed "Disruption Week," led by the U.S. Department of Justice's (DOJ) Scam Center Strike Force. The effort involved collaboration with Meta, Microsoft, and Starlink, as well as the U.S. Federal Bureau of Investigation (FBI), the U.S. Secret Service, and law enforcement agencies from the UK, Australia, Canada, New Zealand, and Thailand. Through this joint operation, over 1.4 million social media and email accounts were blocked, and Thai police have reportedly arrested a suspect in connection with the case.