FBI Ends 60-Day Cybercrime Sweep, Seizing Millions as Americans Lost $20 Billion Last Year
Updated
Updated · Fox News · Aug 26
FBI Ends 60-Day Cybercrime Sweep, Seizing Millions as Americans Lost $20 Billion Last Year
1 articles · Updated · Fox News · Aug 26
Summary
Operation Riptide wrapped up after 60 days with numerous arrests, global network disruptions and seizures of millions in cryptocurrency and other illicit funds, the FBI said.
More than $20 billion was stolen from Americans last year through cybercrime and online fraud, driving the June launch of the campaign with international partners and expanded AI-backed intelligence sharing.
Key actions included arresting a member of Cyber Army of Russia Reborn, seizing a cloud account tied to Huione Group subsidiaries, and helping dismantle Outsider, a Chinese phishing platform used in at least 54 other countries.
Eight people were convicted in an international cargo-theft conspiracy, five Ghanaians were indicted in romance-fraud cases, and two defendants received 6.5-year sentences in an ATM malware scheme.
The FBI said the operation showed how cross-border coordination can raise costs for cybercriminals who rely on anonymity, rented infrastructure and fast laundering channels.