US, UAE, China Bust 9 Pig-Butchering Scam Centers, Arrest 276, Indict 6

US, UAE, and Chinese authorities coordinated a crackdown on 'pig-butchering' crypto scams, busting nine centers, arresting 276 suspects (275 by Dubai Police, 1 by Thai Police), and securing at least six federal indictments for wire fraud and money laundering. Initially reported on April 29, the Dubai-led operation averted $562 million in losses by alerting nearly 9,000 potential victims and shutting scam sites. US crypto fraud losses hit $11.4 billion in 2025, up 22% from 2024, as regulators note rising phishing threats. The action could enhance investor confidence in a $2.53 trillion crypto market.