DOJ prosecutors are moving to seize over $25 million in crypto tied to global scam networks using investment fraud, romance scams, and recovery scams. The push targets the money-laundering plumbing behind the fraud, not just the scammers sending the first message.
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U.S. authorities have seized over $25 million in crypto tied to fraud schemes, as the DOJ ramps up a broader crackdown on Southeast Asian scam centers and the networks that keep them running. It’s a big hit to scammers — but not a promise that victims get paid back immediately.
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Coinbase has frozen more than $3 million in crypto tied to scam networks across Southeast Asia, joining a U.S.-led push to go after the machinery behind large-scale fraud instead of just the individual crooks holding the burner phones. Over $3 million frozen by Coinbase DOJ Scam Center Strike Force led “Disruption Week” Southeast Asia scam […]
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