UAE-led operation flags $39 billion linked to crypto and online scams An international operation led by the UAE identified more than $39 billion in funds linked to fraud and thwarted 123 million online fraud attempts between July and September 2026, involving law enforcement agencies from 30 countries. Operation "Spirit of Conflict" resulted in the arrest of over 960 suspects, the blocking of 4,126 bank accounts and the closure of over 570 accounts in social networks, while facilitating the replacement of over 9,000 pieces of intelligence. The operation highlighted the need for improved international cooperation and measures against fraud based on artificial intelligence and the use of cryptocurrencies in illegal activities, as emphasized by officials from the United Arab Emirates and the United Nations.

UAE-led operation flags $39 billion linked to crypto and online scams An international operation led by the UAE identified more than $39 billion in funds linked to fraud and thwarted 123 million online fraud attempts between July and September 2026, involving law enforcement agencies from 30 countries. Operation "Spirit of Conflict" resulted in the arrest of over 960 suspects, the blocking of 4,126 bank accounts and the closure of over 570 accounts in social networks, while facilitating the replacement of over 9,000 pieces of intelligence. The operation highlighted the need for improved international cooperation and measures against fraud based on artificial intelligence and the use of cryptocurrencies in illegal activities, as emphasized by officials from the United Arab Emirates and the United Nations.