Coinbase Freezes $3M in Crypto Tied to Southeast Asia Scams

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 04 2026

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Joint Crime Fighting: Coinbase collaborated with the DOJ's Scam Center Strike Force to freeze over $3 million in cryptocurrency, demonstrating the powerful synergy of the fintech industry in combating Southeast Asian criminal networks.
Account Disabling and Arrests: The operation resulted in over 1.4 million accounts being disabled and 63 arrests related to the scam networks, indicating the effectiveness of cross-industry cooperation in fighting financial crime.
Blockchain Transparency Advantage: The transparency of blockchain allowed investigators to trace assets linked to criminal networks, providing an auditability that traditional financial systems cannot match, thereby enhancing law enforcement's ability to gather evidence.
Future Commitment: Coinbase reiterated its commitment to participate in similar enforcement actions, emphasizing that protecting consumers is not only good policy but core to building a financial system that works effectively, signaling the industry's potential in addressing organized crime.

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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 4 technical signals, shows that 1 indicators are flashing buy, while 3 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	0.0223	0.0259	0.0301	0.0337	0.0379	0.0415	0.0457
Fibonacci	0.0259	0.0289	0.0307	0.0337	0.0367	0.0385	0.0415

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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