Just four months into the new year, the crypto industry has already been hit by a wave of scams. To counter the rise of illicit actors, the FBI, Dubai Police Department, and China’s Ministry of Public Security collaborated to arrest the offenders. 

According to a press release published on the 29th of April, 276 individuals have already been arrested. Additionally, the three agencies successfully evacuated at least nine cryptocurrency fraud-related scam centers thanks to their “unprecedented cooperation.” 

Commenting on the incident, Assistant Director Heith Janke of the FBI’s Criminal Division added, 

We can’t do this work alone, and we are proud to coordinate and collaborate with our partners to hold accountable those…