UAE Operation Against Fraud: 1,000 Arrests and $39 Billion

UAE police have concluded a three-month operation titled 'Ghost Confrontation,' resulting in the arrest of nearly 1,000 individuals. The investigation linked over $39 billion in fiat currency and cryptocurrency to fraudulent schemes.

Over 960 suspects were detained, while approximately 3,500 more individuals were identified as members of criminal syndicates. Police raided 29 fraud centers, uncovering more than 15,500 victims and 4,126 associated bank accounts.

The operation led to the closure of more than 570 social media accounts. Organizers reported preventing 123.7 million fraud attempts, though the exact amount of confiscated funds remains undisclosed.

Leading technology companies joined the investigation, including Crypto.com, Mastercard, Meta, TikTok, Group-IB, and Huawei. Law enforcement agencies from China, Japan, Singapore, Kazakhstan, Uzbekistan, the UK, and other countries participated in the effort.

• Participants: China, Japan, Singapore, Kazakhstan, Uzbekistan, UK
• Partners: Crypto.com, Mastercard, Meta, TikTok, Group-IB, Huawei
• Results: nearly 1,000 arrests, $39 billion linked to fraud