Global crypto scam crackdown freezes $300 million in stolen assets

Global efforts to combat cryptocurrency scams have resulted in the freezing of over $300 million in stolen digital assets, marking a significant shift in the ability to track and recover funds previously thought untraceable. These operations, spanning multiple countries and involving blockchain analytics firms, cryptocurrency exchanges, and governmental agencies, reflect a growing collaboration between law enforcement and the private sector in the fight against digital crime.

One of the most notable successes came from the T3 FCU initiative, a collaboration between TRON, Tether, and TRM Labs, with active support from Binance [1]. Over the past year, this initiative managed to freeze over $250 million in stolen crypto, significantly disrupting large-scale fraud operations. The project also targeted smaller but persistent scams, such as romance fraud and "pig butchering" schemes, which trick victims into sending money in small increments over time. Around $6 million in assets linked to these types of fraud were also frozen [1].

Chainalysis, a leading blockchain analytics company, played a key role in recent operations to recover stolen crypto. Through efforts such as Operation Spincaster in 2024 and support for Project Atlas and Operation Avalanche, the firm helped uncover over $74 million in confirmed losses and froze tens of millions of illicit funds [1]. Project Atlas alone identified more than 2,000 crypto wallets associated with fraud victims across 14 countries, including the United States, Australia, Germany, and the UK [1]. These cross-border collaborations have proven to be effective in disrupting global scam networks.

As crypto scams in 2025 have grown more sophisticated, with fraudsters leveraging tools like artificial intelligence, deepfake technology, and complex social engineering tactics, law enforcement responses have also intensified. The combined efforts of law enforcement agencies, blockchain analytics companies, and cryptocurrency firms have demonstrated a powerful ability to track and freeze illicit assets [1].

Paolo Ardoino, CEO of Tether, emphasized the importance of collaboration in the fight against crypto crime. He stated that freezing over $300 million in just one year demonstrates the real power of global teamwork [1]. As the crypto industry continues to expand and integrate into mainstream finance, such partnerships are likely to become even more critical in protecting users and maintaining trust in digital assets.

Source: [1] Global Efforts Freeze Over $300M From Crypto Scams (https://thecoinrise.com/global-efforts-freeze-over-300m-from-crypto-scams/)