Coinbase, Meta, and SpaceX Participate in U.S. Department of Justice Anti-Fraud Operation, Freeze Over $3.8 Million in Cryptocurrency Assets

June 4 – The U.S. Department of Justice (DOJ) announced the completion of a multinational anti-fraud operation codenamed “Disruption Week,” during which it partnered with tech and security firms including Apple, Coinbase, Google, Meta, Microsoft, SpaceX, and TRM Labs to freeze over $3.8 million worth of cryptocurrency assets tied to fraudulent activities. Coinbase alone contributed to freezing more than $3 million in assets linked to the scams. The full operation resulted in the closure of over 1.4 million accounts, the deactivation of thousands of Starlink devices, and the arrest of 63 suspects – with Thai police adding seven additional scam-related arrests to the total tally. Authorities also dismantled multiple fraud servers and hosting infrastructure based in Southeast Asia, where the criminal network operated primarily across the border regions of Cambodia, Laos, Myanmar, and Thailand. The announcement comes against a backdrop of surging crypto fraud losses in the U.S.: FBI data shows American citizens lost more than $7.2 billion to crypto investment fraud in 2025 – a 24% year-over-year increase, compared to $5.8 billion in 2024 and $3.96 billion in 2023. DOJ officials noted fraud groups typically lure recruits with promises of high-paying jobs, then coerce them into carrying out scams targeting victims in the U.S. and other countries worldwide.