A sweeping international crackdown has dealt a serious blow to organized cybercrime, as authorities arrested at least 276 people linked to large-scale scam centers across multiple countries.

The coordinated operation—led by the U.S. Department of Justice (DOJ) in partnership with the FBI, Dubai Police, and China’s Ministry of Public Security—targeted criminal networks behind cryptocurrency investment scams that have defrauded victims of millions.

Key takeaways:

• A coordinated international operation led to at least 276 arrests and the shutdown of multiple scam centers
• The fraud networks allegedly targeted victims—primarily in the U.S.—with cryptocurrency investment scams by gaining the trust and affection of victims
• The scammers…