The Scam Center Strike Force, an interagency initiative under the U.S. Department of Justice, coordinated a sweeping global enforcement action targeting online fraud networks. According to official details, authorities froze approximately $701 million in cryptocurrency assets, seized 503 fake investment domains designed to impersonate legitimate financial institutions, and took down a Telegram recruitment channel with more than 6,000 subscribers. Visitors to the seized domains now see official seizure notices instead of fake account dashboards.
Coinbase Tracks and Isolates Money-Laundering Wallets
Coinbase provided critical technical assistance by identifying and isolating wallets used to launder stolen victim funds. Officials stressed that freezing such a large sum of crypto assets and dismantling the fraudulent infrastructure would not have been possible without close technical cooperation between government agencies and major digital asset platforms.
Meta, Microsoft, Starlink Disrupt Infrastructure
Beyond crypto exchanges, technology giants including Meta, Microsoft, and Starlink supported the operation by shutting down servers and hosting infrastructure used by fraud networks, leading to disruptions that affected over 1.4 million social media and email accounts. The Royal Thai Police Cyber Fraud Center made several arrests, with some suspects apprehended at border crossings for immigration violations. The U.S. State Department also offered a $10 million reward for actionable intelligence to dismantle the Tai Chang scam operation.
Singapore Operation Prevents $2.86M in Losses
Concurrently, Singapore Police conducted a month-long parallel investigation. Authorities reported preventing a potential loss of $2.86 million. The Singapore Anti-Scam Centre established direct communication lines with Coinbase and Gemini, while blockchain analytics firms Chainalysis and TRM Labs helped target risky addresses through real-time monitoring. This coordinated effort enabled direct outreach to more than 90 victims, halting further fund transfers. Coinbase compliance teams also adjusted automated transaction monitoring algorithms to better detect organized groups posing as customer service staff. On-chain data indicated the fraudulent networks could potentially expand into other Layer 1 blockchains.