UAE-led 30-nation anti-fraud operation: over $39 billion in fraud-related funds identified, more than 960 arrests made

BlockBeats news, October 23 - According to an announcement by the UAE Ministry of Interior, the UAE led a joint transnational anti-fraud operation codenamed "Confrontation Ghost" with 30 countries, Interpol, and 13 private institutions including Cryptocom, Mastercard, and Meta from July 1 to September 30, focusing on combating AI fraud, digital financial fraud, and online sexual extortion crimes.

The operation identified over $39 billion in funds and cryptocurrencies related to fraudulent activities, involving more than 15,500 victims and 3,500 suspects, with over 960 arrests, 29 fraud centers raided, and over 4,100 fraudulent bank accounts identified. Participating parties are currently pushing for the recovery of related assets.