Odaily Planet Daily reports: The Sharjah Police in the United Arab Emirates, in collaboration with the Ministry of Interior, launched a law enforcement operation codenamed "End of Battle," dismantling four interconnected transnational criminal networks and arresting 33 suspects from 12 different nationalities, including key leaders of the criminal organizations. These networks were involved in activities such as cyber intrusions, money laundering, digital wallet theft, fraud, extortion, illegal data trading, and violent attacks. Authorities seized assets exceeding 200 million AED (approximately $545 million), reviewed over 3,000 digital wallets, and protected more than 30 businesses and institutions globally, safeguarding assets valued at over 65 billion AED (approximately $17.7 billion).
UAE Police seize $54.5 million in assets and dismantle four transnational cybercrime groups
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Summary
Sharjah police in the UAE, in a joint operation with the Ministry of Interior under the code name "End of Battle," dismantled four transnational cybercrime groups and arrested 33 suspects from 12 nationalities. The groups were involved in cyber intrusions, digital wallet theft, and money laundering. Authorities seized assets exceeding 76 million AED ($54.5 million), analyzed 3,000 digital wallets, and protected over 30 global companies. On-chain data revealed the scale of illicit transactions, while the Fear & Greed Index indicated heightened market anxiety.
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