The U.S. Department of Justice stated that under FBI coordination, in collaboration with law enforcement agencies from Dubai, China, and Thailand, a transnational operation was carried out to dismantle at least 9 overseas "pig-butchering" crypto scam centers targeting Americans, resulting in the arrest of 276 suspects, including 275 by Dubai police and 1 fugitive captured by Thai authorities. These scams typically involve long-term establishment of fake romantic or friendship relationships to lure victims into transferring funds to forged crypto investment platforms, further laundering money. FBI's "Operation Level Up" has issued warnings to nearly 9,000 potential victims, estimating to prevent losses of approximately $562 million. (Fox News)

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