US, UAE and China joint effort dismantles 9 crypto scam centers
US, UAE, and China dismantled nine crypto scam centers in a coordinated operation, arresting 276 individuals. The network promoted fake investment platforms, defrauding victims globally of millions. Separately, European authorities shut down three similar centers with 450 employees, causing €50 million in losses. The crackdowns highlight rising crypto fraud targeting retail investors worldwide, with 2025 US losses exceeding $11 billion.
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