Hacking News
Sharjah Police Dismantle Crypto Crime Networks
Sharjah Police Commander-in-Chief Lieutenant General Abdullah Mubarak bin Amer announced the dismantling of four international criminal networks. The groups allegedly posed as legitimate investors while using threats and physical violence to force victims to hand over their crypto wallet passcodes. Police arrested 33 suspects from 12 nationalities. Authorities seized more than AED 200 million (about $54 million), 17 luxury cars, 29 watches, a villa, two villas under construction, two plots of land, and cold wallets. They also found narcotics, counterfeit currency, and counterfeiting tools. Prosecutors said about AED 8.83 billion was laundered.