According to Huoxing Finance, the Sharjah Police Department, in collaboration with the Ministry of Interior, launched a law enforcement operation codenamed "End of Battle," successfully dismantling four interconnected transnational criminal networks and arresting 33 suspects of 12 different nationalities, including key leaders. Investigations revealed that the criminal network was involved in illegal activities such as cyber intrusions, money laundering, digital wallet theft, fraud, extortion, and illicit data trading. During the operation, authorities protected more than 30 global enterprises and institutions, safeguarding assets exceeding $17.7 billion (approximately 6.5 billion UAE dirhams), seized and confiscated assets worth over $54.4 million (approximately 200 million UAE dirhams), and conducted in-depth forensic analysis of more than 3,000 digital wallets.
UAE Sharjah Police Crack Transnational Digital Asset Crime Network, Seize Over $54 Million in Assets
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Summary
The Sharjah Police in the UAE, in a joint operation with the Ministry of Interior, dismantled a transnational criminal network operating in the digital asset market. The "End of Battle" operation resulted in the arrest of 33 suspects from 12 countries, targeting groups involved in cyber intrusions, ransomware, and digital wallet theft. Authorities protected over 30 global companies and secured $1.77 billion in assets, seizing $54.4 million. More than 3,000 digital wallets were investigated, uncovering extensive network activity across multiple jurisdictions.
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