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👮 China, US and UAE Conduct First Joint Crackdown on #Crypto Romance Scams in Dubai
According to Xinhua News Agency, police from China, the United States, and the UAE recently conducted their first joint law enforcement operation targeting telecom and online fraud syndicates in Dubai. They dismantled 9 scam compounds and arrested 276 suspects. Authorities stated that the groups operated “pig-butchering” scams by building romantic relationships with victims through #social media before luring them into investing in fraudulent high-return #cryptocurrency projects. #regulation
#crypto