U.S. authorities disrupted 1.4 million fraud-linked accounts and seized $3.8 million in illicit crypto with private sector support.
The U.S. Department of Justice froze $3.8 million in cryptocurrency tied to fraud schemes, collaborating with firms like Coinbase, Meta, and SpaceX. The operation, part of “Disruption Week,” targeted organized crime groups exploiting digital platforms.
Americans lost $11.4 billion to crypto fraud last year, per FBI data. The initiative disrupted 1.4 million social media and email accounts used for illicit activity, marking a coordinated effort between law enforcement and tech companies.
Private sector participants voluntarily blocked accounts linked to criminal actors, reinforcing cross-border enforcement against cyber-enabled financial crimes.