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The FBI, in collaboration with Dubai Police and the Chinese Ministry of Public Security, arrested 276 individuals linked to cryptocurrency investment fraud schemes targeting Americans. This operation dismantled nine scam centers and involved significant international cooperation. The fraudulent schemes, known as 'pig-butchering,' exploited victims by building trust before persuading them to invest in fake cryptocurrency platforms. The investigation revealed millions of dollars in losses for victims, with U.S. authorities thanking Meta Platforms for providing critical information during the investigation.

The FBI, in collaboration with Dubai Police and the Chinese Ministry of Public Security, arrested 276 individuals linked to cryptocurrency investment fraud schemes targeting Americans. This operation dismantled nine scam centers and involved significant international cooperation. The fraudulent schemes, known as 'pig-butchering,' exploited victims by building trust before persuading them to invest in fake cryptocurrency platforms. The investigation revealed millions of dollars in losses for victims, with U.S. authorities thanking Meta Platforms for providing critical information during the investigation.