The U.S., UAE, and China jointly cracked down on 9 cryptocurrency scam centers, arresting 276 individuals.

BlockBeats News, April 30th. According to the U.S. Department of Justice, a recent international joint operation led by the Dubai Police dismantled at least 9 cryptocurrency scam centers last week, resulting in the arrest of 276 individuals. The operation involved the U.S. Federal Bureau of Investigation and the Chinese Ministry of Public Security, with an additional individual arrested by the Royal Thai Police. Currently, 6 individuals have been charged with federal fraud and money laundering. If convicted, each charge could carry a maximum sentence of 20 years in prison and substantial fines.

Earlier this month, the Federal Bureau of Investigation reported that Americans' losses in cryptocurrency and artificial intelligence-related scams exceeded $11 billion by 2025. Meanwhile, in another operation, European law enforcement closed down 3 scam centers in Albania and arrested 10 individuals. This network employed around 450 people and is estimated to have defrauded victims worldwide of over $58 million.