UAE Police Seize Over $54.5 Million in Assets, Dismantle Four Transnational Cybercrime Groups and Arrest 33

Binance News

UAE Police Seize Over $54.5 Million in Assets, Dismantle Four Transnational Cybercrime Groups and Arrest 33

UAE police in Sharjah said they dismantled four interconnected transnational criminal networks and arrested 33 suspects from 12 nationalities in an operation code-named "End of Battle". According to Odaily, the action was carried out with the Ministry of Interior and included the arrest of the groups' main leaders.The networks were involved in cyber intrusions, money laundering, digital wallet theft, fraud, extortion, illegal data trading and violent attacks, police said. Authorities seized more than 200 million dirhams in assets, reviewed more than 3,000 digital wallets, and said they protected more than 30 companies and institutions worldwide with assets worth over 65 billion dirhams.