The U.S. FBI, in cooperation with multiple countries, has dismantled several "pig-butchering" cryptocurrency scam networks, involving millions of dollars.

robot
Abstract generation in progress

Gold Financial News reports that on April 30, according to Fox News, the FBI, in cooperation with law enforcement agencies from Dubai, China, and Thailand, launched a large-scale international joint law enforcement operation, successfully dismantling at least 9 overseas cryptocurrency scam centers, arresting 276 suspects involved, with the total amount involved reaching several million dollars.
In this operation, the U.S. San Diego Federal Court charged 6 suspects with federal telecommunications fraud and money laundering, including nationals from Myanmar and Indonesia, whose scam organizations operated under the names “Sanduo Group” and “Giant Company.” Dubai police arrested 275 suspects, and the Royal Thai Police separately arrested 1 fugitive.
The scam networks used “pig-butchering” tactics, forging friendships or romantic relationships to gain victims’ trust, inducing them to transfer funds to fake cryptocurrency investment platforms, then laundering the money and transferring it to criminal accounts.
This operation aligns with the executive order signed by Trump on March 6, 2026, aimed at cracking down on overseas criminal networks exploiting American citizens. The FBI’s “Operation Level Up” initiative has notified approximately 9,000 victims, recovering about $562 million for American citizens. The FBI urges victims to report through the Internet Crime Complaint Center (IC3).

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments