Coinbase Freezes $3 Million to Combat Southeast Asia Fraud Network

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 04 2026

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International Fraud Crackdown: Coinbase has frozen over $3 million in cryptocurrency assets linked to criminal networks in Southeast Asia, as part of a coordinated effort with the U.S. Department of Justice, FBI, and other international law enforcement agencies, highlighting the importance of cross-border collaboration in combating online fraud.
Mass Account Removal: Meta removed approximately 1.4 million scam-related accounts from Facebook and Instagram during this operation, reflecting the extensive use of social media platforms in fraudulent activities and emphasizing the platforms' responsibility in maintaining user safety.
Significant Law Enforcement Impact: The Royal Thai Police arrested 63 suspects during the operation, indicating increasing scrutiny and action against fraud networks in Southeast Asia, which further underscores the international community's focus on criminal activities in the region.
Compliance and Market Confidence: Coinbase's asset freeze not only demonstrates its compliance monitoring capabilities but may also enhance market trust in cryptocurrency exchanges, even as it raises short-term concerns about asset accessibility for users.

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Technical Analysis for STRK

Technical Sentiment Analysis for Starknet (STRK). As of , Starknet (STRK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STRK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, STRK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Starknet (STRK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0219	0.0257	0.03	0.0338	0.0381	0.0419	0.0462
Fibonacci	0.0257	0.0288	0.0307	0.0338	0.0369	0.0388	0.0419

About STRK

StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.StarkNet Contracts and the StarkNet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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