The U.S. Department of Justice stated that under FBI coordination, in collaboration with law enforcement agencies from Dubai, China, and Thailand, they conducted cross-border operations to dismantle at least 9 overseas "pig-butchering" crypto scam centers targeting Americans, arresting a total of 276 suspects, including 275 apprehended by Dubai police and 1 fugitive captured by Thai authorities. These scams typically involve long-term establishment of fake romantic or friendship relationships to induce victims to transfer funds to forged crypto investment platforms, further laundering money. FBI's "Operation Level Up" has issued warnings to nearly 9,000 potential victims, estimating that approximately $562 million in losses have been prevented. (Fox News)

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