In a significant development, China confirmed its participation in a large-scale international operation targeting 'pig-butchering' scams, leading to the arrest of 276 suspects and the closure of nine facilities. This marks a new era of international cooperation in combating crypto-related crimes, with criminals leveraging cryptocurrency and digital assets for illicit activities. The operation, coordinated by the U.S. Department of Justice, highlights the global nature of crypto scams and the need for international collaboration to combat them.

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