63 Arrested, Crypto Millions Frozen As FBI, DOJ Team Up With Meta, Coinbase And Starlink To Bust Scammers

Bitcoin fell more than 17% over the week, dropping below $60,000, as long liquidations worth $532 million on Binance intensified selling. Sentiment also weakened after Strategy sold 32 BTC for $2.5 million, raising concerns about future corporate sales. Ethereum, Solana, and related stocks also declined, while strong U.S. labor data reduced rate-cut hopes and ETF inflows were small.

Australia’s eSafety Commissioner Julie Inman Grant said she was “not really keen” on a blanket under-16 social media ban, calling it a “blunt-force approach.” The Dec. 2025 ban blocks access to over 5 million minor accounts and requires platforms (Meta, TikTok, Google, Kick, Snapchat) to withhold access. eSafety data says ~70% of under-16s still access platforms. She is investigating suspected noncompliance; fines can reach A$50m. The Albanese government expanded the rules in March and plans a H

Meta’s Facebook privacy settlement will send cheques to eligible class members, according to The Hill. Payouts began Sept. 3, 2025 and were expected to run to Nov. 12, with Angeion reporting 28 million claims received and 19 million validated. A second distribution approved May 6, 2026 starts June 9, 2026, funded by $100 million from uncashed/expired payments; first cheques averaged $29.43 and second payments may range $4.67–$7.32.

In May, multiple Instagram users reported being locked out after hackers reset passwords using verification codes sent to different emails, according to widely shared screen recordings. The recordings suggested Meta’s AI support assistant chatbot helped attackers. Meta spokesperson Andy Stone said the issue was resolved and impacted accounts were being secured, but Meta did not confirm details or affected numbers; TechCrunch reported attacks continued after Meta addressed the issue.

Microsoft’s AI chief Mustafa Suleyman told the Financial Times that the company is shifting its superintelligence team toward enterprise and developer-focused AI, aligning more with Anthropic’s market approach. At Build, Microsoft unveiled seven new models, including a reasoning system it says matches Anthropic Opus 4.6 coding performance. Suleyman said Microsoft has “closed an enormous gap” but Anthropic still leads, with newer models released since Opus 4.6.

A nine-year-old boy with special needs was found in Mirpur, Dhaka, after a pharmacy employee recognized him from a Meta missing-child alert, according to The Daily Star. The first recovery under Meta’s partnership with MUN Alert followed a Facebook/Messenger/Instagram location notification. MUN Alert began as a CID pilot on Jan 13; it has handled 200+ cases but only 29 recoveries, all in Dhaka, citing bureaucratic delays.