UAE-Led Operation Identifies $39 Billion in Fraud-Linked Assets
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A three-month international operation identified more than $39 billion in fraud-linked assets and raided 29 fraud centers, according to Bitcoin.com News.
A UAE-led coalition identified more than $39 billion in assets linked to fraud during a three-month crackdown, Bitcoin.com News reported. The effort, named Operation Confrontation Ghost, involved authorities from 30 countries.
The operation included raids on 29 fraud centers. Thirteen private-sector partners participated, with Huawei, Mastercard and Meta among the companies named in the report.
The source gave conflicting arrest figures: its headline cited 960 arrests, while the article text reported nearly 100 defendants arrested. The supplied report did not explain the discrepancy or specify how much of the identified assets had been seized.
Source: Bitcoin.com News
