SpaceX · Apple · Meta · DOJ · Coinbase · U.S. · Decrypt
DOJ Task Force Freezes $3.8 million in Illicit Crypto—With Help From Coinbase, SpaceX and Meta
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More than $3.8 million in crypto stolen from Americans was frozen thanks to the joint efforts of major firms like Coinbase, SpaceX, Meta, and Apple alongside law enforcement agencies in America and abroad.
Key facts
- Last year, the FBI’s internet crime report indicated that Americans lost nearly $11.4 billion to crypto fraud in 2025—a 22% jump from the previous year
- Earlier this year, crypto firms like Coinbase, Kraken, and Binance teamed with authorities in the U.S. and U.K. to help flag around $45 million in funds related to crypto fraud, freezing $12 million
- More than $3.8 million in crypto stolen from Americans was frozen thanks to the joint efforts of major firms like Coinbase, SpaceX, Meta, and Apple alongside law enforcement agencies in America
- Cyber-enabled and crypto investment fraud is devastating Main Street Americans, wiping out life savings and preying on some of our most vulnerable citizens,” said U.S. Attorney for DC Jeanine Pirro
Summary
Private sector firms like Coinbase, Apple, and SpaceX collaborated with government agencies to help curb crypto fraud. The collaboration led to more than $3.8 million in frozen crypto and 1.4 million disrupted social media and email accounts used to facilitate fraudulent activity. Last year, Americans lost nearly $11.4 billion to crypto fraud schemes according to the FBI's Internet Crime report. The U.S. Department of Justice’s initiative, dubbed “Disruption Week,” put together private sector firms and government agencies in an effort to take action against organized crime entities in Southeast Asia.