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06/05/2026

Coinbase, SpaceX, Meta Join DOJ Operation Freezing $3.8M in Scam Crypto

What happened: During the DOJ's "Disruption Week" (May 18–21), a coalition including Coinbase, Meta, SpaceX, Apple, Google, and Microsoft helped freeze over $3.

Coinbase, SpaceX, Meta Join DOJ Operation Freezing $3.8M in Scam Crypto

What happened: During the DOJ's "Disruption Week" (May 18–21), a coalition including Coinbase, Meta, SpaceX, Apple, Google, and Microsoft helped freeze over $3.8 million in crypto tied to scams and disrupted more than 1.4 million fraudulent social media and email accounts. The operation led to seven arrests in Thailand and targeted Southeast Asian scam networks. Coinbase alone froze over $3 million in illicit crypto. FBI data shows US crypto investment fraud losses rose 24% year-over-year to $7.2 billion in 2025.

Why it matters: The scale and coordination of this operation highlight both the growing sophistication of crypto-related scams and the increasing willingness of private sector giants to collaborate with law enforcement. With crypto fraud losses accelerating, such joint actions may set a precedent for more aggressive intervention and surveillance, potentially impacting privacy and compliance expectations across the industry.

Source: The Block