The United Arab Emirates led a cross-border fraud operation that identified more than $39 billion in fraud-linked funds and cryptocurrency and resulted in more than 960 arrests, the UAE Interior Ministry said in a notice cited by BlockBeats.
Operation covered 30 countries and 13 private organizations
Code-named “Confrontation Ghost,” the operation ran from July 1 through Sept. 30 with 30 countries, Interpol and 13 private organizations, including Crypto.com, Mastercard and Meta. It targeted AI-enabled fraud, digital-finance scams and online extortion.
Authorities said the operation involved more than 15,500 victims and 3,500 suspects, searched 29 scam centers and identified more than 4,100 bank accounts linked to fraud. Participants were working to recover the assets, according to the notice.