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UAE-Led Coalition Exposes $39 Billion in Crypto Fraud, 960 Arrested

By Sergio Goschenko

Carried out for three months, the operation resulted in the arrest of nearly 100 defendants and the raid of 29 fraud centers. 30 countries and 13 private sector partners, including Huawei, Mastercard, and Meta, were involved in the joint actions that managed to identify over $39 billion in fraud-linked assets.…

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Coalition government

A government formed by two or more political parties that agree to work together because none has a majority alone.

Coalitions shape which policies are possible, and disagreements between partners can bring governments down.

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A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

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