Sharjah Police, working with the UAE Ministry of Interior, carried out an enforcement operation codenamed "End of Battle" and dismantled four interconnected transnational criminal networks, according to ChainCatcher. Authorities arrested 33 suspects from 12 nationalities, including alleged ringleaders.
The investigation found the networks were allegedly involved in cyber infiltration, money laundering, digital wallet theft, fraud, extortion, and illicit data trading. Police said the operation helped protect more than 30 companies and institutions worldwide and safeguarded over $17.7 billion in assets, equivalent to about 65 billion UAE dirhams.
Authorities also said they seized more than $54.4 million in assets, or about 200 million UAE dirhams, and conducted in-depth review and evidence collection on more than 3,000 digital wallets. The case was reported by ChainCatcher under the policy and regulation category.
Sharjah Police, in coordination with the UAE Ministry of Interior, carried out an enforcement operation codenamed "End of Battle" and dismantled four interconnected transnational criminal networks, according to ChainCatcher.
The operation led to the arrest of 33 suspects from 12 nationalities, including key ringleaders.
Investigators said the networks were allegedly involved in cyber infiltration, money laundering, digital wallet theft, fraud, extortion, and illegal data trading.
Police said the operation protected more than 30 companies and institutions worldwide and safeguarded over $17.7 billion in assets, equivalent to about 65 billion UAE dirhams. Authorities also seized more than $54.4 million in assets, or about 200 million UAE dirhams, and carried out in-depth review and evidence collection involving more than 3,000 digital wallets.
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