Authorities have alerted nearly 9,000 potential victims and
prevented an estimated $562 million in losses as part of ongoing efforts to
combat cryptocurrency fraud, while a new global operation has now led to at
least 276 arrests and the shutdown of nine scam centers.

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The latest crackdown highlights the scale of organized “pig
butchering” schemes targeting retail investors worldwide.

Dubai Police led the operation in coordination with US and
Chinese authorities, disrupting fraud hubs that targeted victims across several
countries, including the United States. Of the total arrests, 275 took place in
the United Arab Emirates, while one suspect was…