UAE Leads 30-Nation Anti-Fraud Operation, Identifies $39 Billion in Fraud-Linked Funds

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The UAE-led "Confrontation Ghost" operation, part of on-chain news, uncovered $39 billion in funds linked to fraud. From July to September, 30 countries, Interpol, and companies including Crypto.com and Meta tracked AI-driven fraud, digital finance scams, and online extortion. The operation involved over 15,500 victims and 3,500 suspects, resulting in 960 arrests and the raiding of 29 fraud hubs. Authorities identified 4,100 fake bank accounts and are now pursuing asset recovery. The operation underscores the growing focus on AI and crypto-related crimes in global law enforcement efforts.

BlockBeats report: On October 23, according to an announcement by the United Arab Emirates Ministry of Interior, the UAE, in collaboration with 30 countries, INTERPOL, and 13 private sector entities including Crypto.com, Mastercard, and Meta, conducted a multinational anti-fraud operation codenamed "Confrontation Ghost" from July 1 to September 30, targeting AI fraud, digital financial fraud, and online sexual extortion crimes.


This operation identified over $39 billion in funds and cryptocurrencies linked to fraud, involving more than 15,500 victims and 3,500 suspects, resulting in over 960 arrests, 29 fraud centers raided, and more than 4,100 fraudulent bank accounts identified. Participating parties are currently working to recover the associated assets.

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