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The US FBI, in collaboration with multiple countries, dismantled a "pig-butchering" cryptocurrency scam ring, arresting 276 people.

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PANews
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3 hours ago
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PANews April 30 news, according to Fox News reports, the U.S. Department of Justice and the FBI announced that an international law enforcement operation, in cooperation with police in Dubai, China, and Thailand, has dismantled at least nine overseas cryptocurrency scam centers, arrested 276 individuals, and destroyed illegal networks that had stolen large amounts of money from Americans. These scammers used "pig butchering" tactics, luring victims to deposit funds into fake cryptocurrency investment platforms by establishing false friendships or romantic relationships. As part of the crackdown, federal authorities in San Diego have unsealed wire fraud and money laundering charges against six individuals, including suspects operating the "Sanduo Group" and "Giant Company" from Myanmar and Indonesia. Dubai police apprehended 275 suspects, while Thai police arrested a fugitive. The FBI's "upgrade operation" has notified nearly 9,000 victims of such scams, estimated to have avoided losses of approximately $562 million.

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