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UAE-led operation flags $39 B in fraud-linked digital assets, reports up to 960 arrests
A three‑month UAE‑led operation involving 30 countries and 13 private partners raided 29 fraud centres and flagged more than $39 billion in fraud‑linked digital assets. The announcement lists up to 960 arrests, though the body mentions nearly 100 defendants. Police blocked over 4,000 bank accounts and shut down 570 social‑media accounts tied to the schemes. Authorities identified 3,500 suspects and 15,000 victims and say they thwarted 123.71 million online fraud attempts. Tokenized assets were used to secure $12 billion in financial transactions.