An exchange froze over $3 million in crypto funds related to Southeast Asian fraud

According to Cointelegraph, an exchange has frozen over $3 million in cryptocurrency linked to a Southeast Asian crypto fraud network. This move is part of "Disruption Week," an operation led by the United States Department of Justice's Fraud Center, with Meta, Microsoft, and Starlink also participating. The operation cut off servers and hosting infrastructure for these fraud networks, disrupting criminal activity across more than 1.4 million social media and email accounts. The Royal Thai Police Anti-Cyber Fraud Center has made multiple arrests. The United States Department of Justice stated that investment fraud and pig-butchering scams are the fastest-growing and most financially damaging types of fraud targeting Americans.